MONTREAL, QUEBEC–(Marketwired – Feb. 22, 2016) – Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) is pleased to announce that it is increasing its Urban drilling program by 4,000 metres on its 100% owned Urban property which covers 12,357 hectares (123.57 km2) in central Quebec. This will be in addition to drilling adjacent to Urbana Corporation on the Macho Property (see December 18, 2016 news release).
On the southern portion of the Rouleau block, Beaufield has interpreted geophysics along the entire boundary surrounding the neighboring property where 3 magnetic trends are discernible. The geophysical data indicates that these trends extend on to Beaufield’s ground beyond the north, south and east boundaries.
The planned drilling will focus on this area to evaluate the potential of the structure being mineralized on the Beaufield side.
Please refer to Beaufield’s website for relevant maps or please contact Beaufield directly.
Beaufield will be attending the Prospectors and Developers Conference (PDAC) in Toronto from March 6th to March 9th, 2016. We welcome visitors to come meet management at booth #2903.
This news release has been prepared by Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield, the Qualified Person, as defined by National Instrument 43-101.
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 Corporation is actively exploring, well financed with approximately $2.5 million in cash, has no debt and has excess work credits on its properties.
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 Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation 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.
Mathieu Stephens, VP Exploration and Corporate Development