Beaufield Expands Drill Program at Urban
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 06/16/16 -- Beaufield Resources Inc. ("Beaufield") (TSX VENTURE: BFD) is pleased to provide a progress report of its drill program on its 12,915 hectare, Urban property. To date, 1,169 metres has been completed during the first half June on the Macho block, including the follow-up on the Lucky 7 zone where drill hole BU-15-07 had intersected 7.86 g/t Au over 6 metres near surface (BFD news release, December 8th, 2015).
Drill core samples from the program have been sent to ALS Laboratories in Val d''Or to be assayed. A portion of the samples from the new holes contains sulfide mineralization similar to hole BU-15-07 and is to be assayed on "a rush" basis. The drill is on site to continue drilling. The mineralization coincides with a 1,400 metre long strong induced polarization (IP) anomaly identified in 2015.
Beaufield plans an expansion of exploration and drilling on its key Urban holdings. These plans are to be announced next week.
Beaufield''s flagship Urban property is centrally located within the Urban-Barry camp, on prime ground and near infrastructure and is easily accessible by road. The Urban area one of the most active gold exploration camps in Quebec with many companies operating in the area including Osisko Mining (previously Oban), Bonterra Resources, Urbana Corporation and Metanor Resources. Please refer to Beaufield''s website for a map indicating the principal stakeholders for the Urban region.
Qualified Person
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.
About Beaufield:
Beaufield is a well financed 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.
Contacts:
Jens E. Hansen
President and CEO
514.842.3443
Mathieu Stephens
VP Exploration and Corporate Development
613.721.2919
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Datum: 16.06.2016 - 14:29 Uhr
Sprache: Deutsch
News-ID 1442059
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Mining & Metals
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