Beaufield Starts Fieldwork for Iron at Schefferville
Published : May 27, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Debt | Fer | Gold | Iron | Lead | Market | Zinc |

OTTAWA, ONTARIO--(Marketwire - May 27, 2011) - Beaufield Resources Inc. (News - Market indicators) is pleased to report that a ground gravity survey covering 12 targets is underway on its 100% owned Schefferville Iron property in Quebec. The survey follows-up on an interpretation by Condor Consulting and by geophysical consultant Jean Hubert of an airborne FALCON Gravity Gradiometer survey flown in the fall of 2010. The detailed interpretation has indicated more than 20 high gravity anomalies associated with low magnetic values located on ground believed to be underlain by the Sokoman Iron formation (refer to the attached figure). These types of anomalies are considered excellent targets for locating enriched Direct Shipping Ore ("DSO") iron oxide deposits.

The interpretation has also delineated 8 prospective SEDEX zinc targets located within the vicinity of Leroy Lake where assays from bottom lake sediments returned highly anomalous values in Zinc and are comparable to stream sediments that lead to the discovery of the giant Red Dog deposit in Alaska.

The ground gravity survey will assist in the selection of drill targets for a planned 2011 summer/fall drill program. A geological field exploration program is scheduled to begin in early June.

Beaufield's 100% owned Schefferville expansive property is situated within the central portion of the Schefferville iron ore district and adjacent New Millenium (NML-V) , Tata Steel Minerals , Labrador Iron Mines (LIM-T) , Champion Minerals (CHM-T) and Century Iron (FER-V). Several of these neighbours have announced imminent iron ore production which will greatly improve to the existing infrastructure. The Beaufield property is accessible by several dirt roads, linking it to the town of Schefferville.

This press release was prepared by Jens E. Hansen P. Eng, President of Beaufield Resources Inc., the Qualified Person under section 43-101.

About Beaufield:

Beaufield has approximately $8 million in working capital, no debt and a promising portfolio of gold and base metal properties all located in the provinces of Quebec and Ontario.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results and timing of exploration activities, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Depending on exploration results, the Company may at any point modify the suggested work program in this release.

A map is available at the following address: http://file.marketwire.com/release/BFD_Schefferville_Iron%20map.pdf

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Beaufield Resources Inc.
613-721-2919
613-680-1091 (FAX)
beaufield@rogers.com
www.beaufield.com
or
Hamza Thindal Capital Corporation
1-888-371-9098
1-888-371-9099 (FAX)
info@htcapitalcorp.com

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : BFD.V
ISIN : CA0743271078
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Beaufield Res. is a nickel and palladium producing company based in .

Beaufield Res. produces nickel, palladium, gold in Canada, and holds various exploration projects in Canada.

Its main asset in production is HIAWATHA GOLD MINE in Canada and its main exploration properties are CASA BERARDI QUEBEC, MAINSTREET, TROILUS / TORTIGNY, OPINACA, NORTHERN EAGLE GOLD, OPI-WEST, RAGLAN UNGAVA, LAB, TORTIGNY, LAC ROULEAU, HEMLO, LAC EVANS/STORM LAKE and MAINSTREET (LOUVICOURT TWP) in Canada.

Beaufield Res. is listed in Canada and in United States of America. Its market capitalisation is 6.6 millions as of today (US$ 5.3 millions, € 4.4 millions).

Its stock quote reached its highest recent level on May 12, 2006 at 1.27, and its lowest recent point on February 05, 2016 at 0.03.

Beaufield Res. has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of VanEck Vectors Global Alternative Energy ETF
2008 Annual report
Nominations of VanEck Vectors Global Alternative Energy ETF
6/3/2013Announces Appointment of New CEO and President
7/21/2011Peter G. White Joins Beaufield Board
3/29/2011Grant of 400,000 stock options
3/29/2011John MacLatchy Joins Beaufield Board
Project news of VanEck Vectors Global Alternative Energy ETF
7/2/2016Beaufield undertakes geophysics for more drilling at Urban
2/18/2014Inc=2E : Melkior Intersects 6=2E20 g/t Gold Over 10=2E5 Metr...
9/20/2013(Opinaca)Announces Results at the Opinaca (Eleonore) Project
12/11/2012(Tortigny)Initiates VTEM Airborne Geophysical Survey in the Vicinity o...
7/12/2011(Schefferville)Commences 2011 Schefferville Iron Exploration
6/27/2011(Tortigny)Completes Tortigny Drilling
5/27/2011(Schefferville)Starts Fieldwork for Iron at Schefferville
3/1/2011(Casa Berardi Quebec)Options its Casa Berardi Project to Actus Minerals
2/4/2011(Tortigny)Reports Assays From First Four Holes From Tortigny
Corporate news of VanEck Vectors Global Alternative Energy ETF
7/28/2016Beaufield completes $537,500 Institutional Lead Flow-Through...
7/13/2016Beaufield issues clarification on Troilus Lithium Property
7/13/2016Beaufield options Moblan area Lithium Claims to Hinterland M...
7/6/2016Beaufield drills next to Bonterra Gladiator
7/2/2016Beaufield drills Urban property
7/2/2016Beaufield expands drill program at Urban
6/21/2016Beaufield developing more drill targets in Urban
5/26/2016Beaufield Enters into an Investor Relations Agreement
4/26/2016Beaufield stakes Lithium claims at the Moblan Deposit near T...
4/25/2016April 25, 2016 - Winter Drilling Completed on the Urban Town...
1/22/2016Beaufield Grab Samples 6.4 g/t Gold, 36.1 g/t Silver, 3.1% C...
1/19/2016Beaufield Announces Date of Annual Meeting of Shareholders
1/11/2016Beaufield Grants Stock Options to New Director
1/8/2016Beaufield Announces Director Resignation and Vice President ...
12/21/2015Beaufield Grants Stock Options to New Director
10/27/2015Beaufield Appoints William Deluce to the Board
10/22/2015Beaufield Reports on Urban 2015 Discoveries
10/19/2015Beaufield Completes a Private Placement of $200,000
10/13/2015Beaufield Completes 1,693 Metres of Drilling at Urban
10/9/2015Beaufield Completes a Private Placement of $200,000
9/14/2015Beaufield Begins Drilling at Urban
7/17/2015Beaufield announces 2015 field program
4/2/2015Beaufield Resources Inc.: Geophysics Completed in Urban Town...
2/27/2015Beaufield Resources Reports Annual General Meeting Results
2/26/2015Urbana Corporation and Beaufield Resources undertake geophys...
1/23/2015Beaufield Announces Date of Annual Meeting of Shareholders
11/25/2014Urbana Corporation and Beaufield Resources Enter Into Joint ...
11/14/2014Urbana Corporation and Beaufield Resources Enter Into Joint ...
10/28/2014Beaufield Grants Stock Options
9/22/2014Beaufield Discovers New Showing Assaying 1.95% Cu, 28.2 g/t ...
9/4/2014Beaufield Resources Inc.: Geologica to Complete a NI 43-101 ...
8/14/2014Beaufield Follows Up on High Grade Sample Results
8/7/2014Beaufield Files NI 43-101 Updated Technical Report for its T...
8/1/2014Beaufield Assays 20.0 g/t Gold, 54.9 g/t Ag and 2.4% Copper ...
7/22/2014Beaufield Intersects 2.64 g/t Gold Over 11.60 Metres on Surf...
7/21/2014Beaufield Reports an Updated Resource Estimate for the Torti...
7/16/2014Beaufield Commences Summer Exploration Program at its Eleono...
6/27/2014Beaufield and Melkior advance and expand work on Launay
6/26/2014Beaufield and Melkior Advance and Expand Work on Launay
6/17/2014Beaufield Resources Inc.: Exploration at Urban Property Debu...
5/28/2014Beaufield 2014 Exploration Activities Update
5/7/2014Beaufield Expands Holdings at Urban
4/29/2014Beaufield Appoints Investment Banking Veteran to the Board
4/25/2014Beaufield Expands Launay Property
4/9/2014Beaufield Enters into an Investor Relations Agreement with M...
10/7/2013Expands Drilling Program at Urban Gold
9/12/2013Intercepts 34.7 g/t Au in Drilling at Urban
9/4/2013(Opinaca)Drills 2321 Metres at Opinaca
8/21/2013Continues to Drill at Urban Gold
7/24/2013Reports Massive Sulfides Boulder at =?ISO-8859-1?Q?=20Troilu...
7/18/2013to Begin Drilling at Urban
5/1/2013Plans $2,000,000 Exploration in 2013
3/18/2013Resumes Exploration Focus
2/19/2013Announces the Signing of an Exclusivity Agreement and Letter...
1/11/2013(Tortigny)Files NI 43-101 Technical Report for its Tortigny Resource E...
10/10/2012Announces Nomination of President and CEO
10/4/2012Closes $2 Million Private Placement with Hongkong Huaxin Pet...
4/20/2011(Tortigny)Reports Assays From Eight Holes From Tortigny
4/6/2011Continues Drilling, Expands Land Position in Key Areas and U...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (BFD.V)Other OTC (BFDRF)
0.140+26.09%0.100+11.11%
TSX-V
Prev close Open
Low High
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  - -100.00%
Volume 1 month var.
-100.00%
Produces Gold
Develops
Explores for Copper - Gold - Iron - Lead - Manganese - Molybdenum - Nickel - Platinum - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/27/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.72+0.45%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.42+0.12%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.08-0.95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.57+0.97%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.25+0.00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.47-2.31%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.10-4.76%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.