Beaufield Intersect 3.92 g/t Gold Over 13.40 Metres Near Surface at the Launay Gold Project in Quebec
13 Enero 2014 - 8:00AM
Marketwired
Beaufield Intersect 3.92 g/t Gold Over 13.40 Metres Near Surface at
the Launay Gold Project in Quebec
MONTREAL, QUEBEC--(Marketwired - Jan 13, 2014) - Beaufield
Resources Inc. ("Beaufield" or the "Company") (TSX-VENTURE:BFD) is
providing results for the first eight holes drilled, totaling 939
metres, on its Launay Gold Project, located due northwest of Val
d'Or, Quebec. Assay results for eight diamond drill holes,
LAY-11-2013 to LAY-17-2013 and LAY-19-2013, were received and
demonstrate the excellent continuity and grade of the gold
mineralization along Zone 75. The drill program is funded by the
Company per an option agreement signed with Melkior Resources Inc.
in November 2013 (please refer to press release November 7th 2013.)
Drilling is ongoing and results will be released when there are
received.
Drill highlights include:
- 26.20 metres of 1.61 g/t gold in LAY-12-2013
- 9.00 metres of 4.62 g/t gold, including 6.00 metres of 6.50 g/t
gold in LAY-14-2013
- 13.40 metres of 3.92 g/t gold, including 8.00 metres of 5.15
g/t gold in LAY-15-2013
Beaufield has drilled approximately 1,889 metres in 16 holes to
date for its 2013 fall Launay program, with assays pending for
additional 8 holes. A planned 400 metre, core length, hole is
currently being drilled to test an Induced Polarization (IP) target
and the potential deep extension of Zone 75. Gold mineralization in
the area is often associated with IP anomalies due to the presence
of pyrite.
Table 1 - Zone 75 Intercepts
Hole Number |
End of hole length (Metres) |
Azimuth (Degrees) |
Dip (Degrees) |
From (Metres) |
To (Metres) |
Interval* (Metres) |
Gold (g/t) |
LAY-11-2013 |
105 |
90 |
-50 |
--- |
--- |
--- |
NSA** |
LAY-12-2013 |
105 |
90 |
-50 |
8.55 |
13.98 |
5.43 |
1.39 |
|
|
|
|
22.30 |
48.50 |
26.20 |
1.61 |
including |
|
|
|
35.00 |
38.75 |
3.75 |
2.31 |
including |
|
|
|
40.35 |
44.25 |
3.90 |
3.00 |
including |
|
|
|
43.00 |
48.50 |
5.50 |
2.00 |
LAY-13-2013 |
126 |
90 |
-50 |
56.05 |
57.00 |
0.95 |
6.52 |
LAY-14-2013 |
105 |
90 |
-50 |
39.00 |
48.00 |
9.00 |
4.62 |
including |
|
|
|
42.00 |
48.00 |
6.00 |
6.50 |
including |
|
|
|
42.00 |
44.00 |
2.00 |
14.10 |
|
|
|
|
53.00 |
64.90 |
11.90 |
1.92 |
including |
|
|
|
57.00 |
62.00 |
5.00 |
3.28 |
including |
|
|
|
57.00 |
58.70 |
1.70 |
4.97 |
including |
|
|
|
60.70 |
62.00 |
1.30 |
5.49 |
LAY-15-2013 |
129 |
60 |
-50 |
73.60 |
87.00 |
13.40 |
3.92 |
including |
|
|
|
79.00 |
87.00 |
8.00 |
5.15 |
LAY-16-2013 |
162 |
30 |
-50 |
109.60 |
118.80 |
9.20 |
1.43 |
LAY-17-2013 |
117 |
90 |
-50 |
75.65 |
77.00 |
1.35 |
2.97 |
LAY-19-2013 |
90 |
125 |
-50 |
--- |
--- |
--- |
NSA ** |
|
|
* |
Reported drill intercepts are not true widths. |
** |
NSA -
no significant assays. |
Additional details about the Launay drilling
program
The purpose of the program was to collect new data on Zone 75 in
order to evaluate its gold mineralization and its potential. The
drilled portion of Zone 75 occurs over a strike length of at least
175 metres and outcrops over a large portion of this length due to
overburden removal carried out in 1980's. Drilling from Melkior's
2012 exploration program revealed gold intersections including 4.94
g/t gold over 12.00 metres and 2.49 g/t gold over 18.40 metres
(please refer to Melkior's press releases August 30th, 2012.)
Results from the 2013 drill program will be integrated into the
three dimensional database. The drilling program also revealed that
the gold mineralization is controlled by lithology (rock type) and
can therefore easily be tracked from hole to hole. The gold-bearing
lithology consists of white and black granite which is due to the
presence of an albite alteration (white colour) and biotite (black
colour). Locally this granite has a pinkish colour due to a weak
hematite alteration. The thickness of this granite unit varies but
is typically between 20 and 30 metres.
Quality control
Core processing included descriptive logging and systematic
sampling for analysis. The drill core was sawn in half, with
one-half delivered to a commercial laboratory and the other half
retained for future reference. Samples were submitted to ALS Chemex
Laboratories in Val d'Or, Quebec. The processed samples were
subjected to a standard fire assay with AA technique (Au-AA-23) on
a 30-gram subsample. Standards and blanks were systematically
inserted into the sample shipments as part of the sampling
protocol. For samples returning greater than ten g/t gold,
follow-up analysis using fire assay with a gravimetric finish is
completed. For specific mineralized zones where the proportion of
pyrite is high, samples were assayed using a screening analytic
method on a 1000 g subsample. Following receipt of assays, visual
analysis of mineralized intercepts is conducted, and additional
analyses may be requested to ensure the accurate representation of
the mineralized zones.
About Zone 75:
Zone 75 was discovered in 1987 by Melkior's predecessor Les
Mines Messeguay Inc. with discovery drill hole number ML-87-75,
which intersected 0.127 oz/t (4.35 g/t) gold over 69 feet (20.98
metres). Zone 75 coincides with a north-south striking magnetic
axis and dips to the west between 65 to 80 degrees. The
mineralization found at Zone 75 consists of auriferous pyrite
grains disseminated in a granitic intrusive subject to alteration
and remains open a depth.
About the Launay Gold Project:
The Launay Gold Project hosts near-surface mineralization along
a three kilometre trend, which includes Zone 75 and the Principal
Zone. The Project is located in the Abitibi Greenstone Belt and is
approximately 70 kilometres northeast of Rouyn-Noranda, 80
kilometres northwest of the town of Val D'Or, Quebec and is easily
accessible using highway 111 between Amos and LaSarre. Both rail
and power are readily available. The property consists of 83 claims
covering 63 square-kilometres.
This press release was prepared by Dr. Eric Hebert, PGeo, of
GeoVector Management Inc., qualified person under Regulation
43-101. Dr. Hebert has supervised the diamond drill program, logged
the core, designed the sampling program and reviewed the quality
control information.
About
Beaufield:
Beaufield is a mineral exploration company with its exploration
activity focused in Quebec. Beaufield is well positioned to advance
its portfolio of exploration properties and identify other
potential opportunities in the mineral exploration or development
stage.
The information set forth in this press release includes certain
forward-looking statements. Such statements are based on
assumptions exposed to major risks and uncertainties. Although
Beaufield deems the expectations reflected in these forward-looking
statements to be reasonable, the Company cannot provide any
guarantee as to the materialization of the expectations reflected
in these 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
Jens E. HansenPresident and
CEO514.842.3443514.842.3306info@beaufield.comwww.beaufield.com
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