MONTREAL, QUEBEC–(Marketwired – April 4, 2016) – Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) reports that it has commissioned Geologica Groupe-Conseil Inc. (“Geologica”) of Val-d’Or (Quebec) to provide a comprehensive compilation and independent evaluation study of the Rouleau gold deposit (Zone 18) and the surrounding area on its Urban property.
The study will include all available historical geophysical, geochemical and diamond drilling data for the central portion of the Rouleau block where at least 3 gold zones have previously been identified by drilling.
The scope of work will consists of:
- Validation and verification of all the data available;
- Digitization of relevant data;
- A detailed geological interpretation (lithology, structure, mineralization);
- The production of a 3D model of the Zone 18 mineralization and geology;
- Providing target recommendations for an initial drill program (Phase 1) in order to evaluate the expansion potential of the gold mineralization on the principal gold zones.
A review of historical data for the zone 18 indicates that many drill holes have intersected gold over varying widths, some of which are presented in the following table:
|(1)||May not represent true width|
|(2)||Ministry of Energy and Natural Resources of Quebec|
Located 7 kilometres southeast of the Windfall gold deposit, the Rouleau gold mineralization (or gold zone) was originally discovered in 1987 by a Beaufield Falconbridge earn in and joint venture. Subsequent drilling mainly targeted the core of zone 18 and zone 17 located approximately 900m further west. The proximity of property boundaries at the time constrained drilling, inhibiting verification of potential of the mineralization extensions. Beaufield subsequently purchased the Falconbridge interest and acquired the adjoining properties to now own 100% of the prospective geology.
Based in Val d’Or, Quebec, Geologica Groupe-Conseil Inc., has been offering geological services to the mining and mineral exploration industries for close to 30 years. It has an extensive and deep understanding of the Abitibi geology and was chosen by Beaufield because of its expertise.
Geologica’s client list includes Integra Gold. The Geologica work has contributed significantly to one of the current big exploration successes in Quebec.
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 $3 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.
Jens E. Hansen
President and CEO
Beaufield Resources Inc.
VP Exploration and Corporate Development