April 26, 2007
– (TSX.V: BYV)
NEWS
RELEASE
Drilling to Commence in May on Rainy
River Claim, NW Ontario
Vancouver, BC - Bayfield Ventures Corp. (TSX.V: BYV) (FWB: B4N) and Range Metals Inc. announce that the
companies will proceed with a spring 2007 reconnaissance drill program on
their 50/50 joint venture Claim Block “A” situated in the Rainy
River district, Northwestern Ontario. The property is located approximately
800 metres to the southwest, on strike, of Rainy River Resources new gold
discovery on their ODM zone and the # 17 zone.
Rainy River Ontario
Claims Map:
http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif
The
companies have completed a winter exploration program on the Claim Block
“A” property. The work program consisted of establishing a ground
grid with 50 metre line spacing, followed with a geophysical program
including a detailed total field / vertical gradient magnetometre survey and
a horizontal loop electromagnetic survey over the grid. The magnetic
data has confirmed one northeast trending structure and has identified a
second northeast trending structure with a strong relationship to the
regional airborne mag data. The new structure is located just up ice of a
previous overburden hole that showed strong anomalous gold values in previous
assaying.
In
addition to the geophysics, 5 reverse circulation drill holes totaling 150
metres were completed on the ground. These holes were designed as infill
drill holes to confirm and expand information on a previous reconnaissance
overburden drill program initiated by Nuinsco Resources in 1996. Samples from
the recent overburden drilling have been submitted for analysis and the
companies await results.
The
companies will drill 3 - 4 initial holes to test the geological settings to
determine conductive zones that may represent structures or sulfides in
bedrock. The companies are of the opinion that there is potential for lode
gold and / or gold rich volcanogenic deposits. Drilling will commence mid to
end of May.
Bayfield Ventures Corp. is
actively involved in the exploration for gold in Northwestern Ontario, and
copper-gold and coal in the South Gobi region of Mongolia. Property partners
include Goldcorp and BHP Billiton.
For
further information on Bayfield Ventures Corp. (TSX-V: BYV),
visit the Company’s web site at www.bayfieldventures.com.
ON BEHALF OF THE
BOARD OF DIRECTORS
“Don Huston”
DONALD C. HUSTON
President
Shares Issued & Outstanding
17.2 Million Shares
|