Beaufield Resources Inc. : Melkior Intersects 6.20 g/t Gold Over 10.5 Metres at Launay Gold Project, Quebec
February 18 2014 - 9:00AM
Marketwired
Beaufield Resources Inc. : Melkior Intersects 6.20 g/t Gold Over
10.5 Metres at Launay Gold Project, Quebec
MONTREAL, QUEBEC--(Marketwired - Feb 18, 2014) - Beaufield
Resources Inc. ("Beaufield" or the "Corporation") (TSX-VENTURE:BFD)
is providing results for three holes drilled in December 2013 on
Zone 75, totaling 357 metres, on the Launay Gold Project. Table 1
displays the best results. The drill program is funded by the
Corporation per an option and joint venture agreement signed with
Melkior Resources Inc. ("Melkior") in November 2013 (please refer
to press release November 7th, 2013). Melkior is the operator.
The drill program began in November, 2013 (please refer to press
release November 20th, 2013) and was completed in January 2014. In
total 19 holes, comprising 2,589.6 metres, were drilled. The
results of 8 holes were released in early January 2014 (please
refer to press release January 13th, 2014). Results are pending for
five remaining holes drilled on Zone 75 and for three additional
exploration holes.
Drill highlights include:
- 6.20 g/t gold over 10.5 metres and 7.70 g/t gold over 2.85
metres (LAY-20-2013).
Table #1 - Launay December 2013 drill results
Hole Number |
End of hole length (Metres) |
Azimuth (Degrees) |
Dip (Degrees) |
From (Metres) |
To (Metres) |
|
Interval * (Metres) |
Gold (g/t) |
LAY-18-2013 |
105 |
090 |
-50 |
10.40 78.00 |
12.60 79.95 |
|
2.20 1.95 |
1.18 1.13 |
LAY-20-2013 |
132 |
090 |
-50 |
1.20 8.80 56.00 68.65 85.50 |
6.00 16.20 60.05 71.50 96.00 |
|
4.80 7.40 4.05 2.85 10.50 |
0.82 2.05 1.53 7.70 6.20 |
LAY-25-2013 |
120 |
090 |
-50 |
37.20 57.30 |
39.30 61.00 |
|
2.10 3.70 |
1.74 0.70 |
*Reported drill intercepts are not true widths.
Gold occurs in two distinct mineralization styles. Near surface,
gold is hosted in a hematized pink granite including several quartz
veinlets and a dense fracture network associated with pyrite and
sericite alteration. Gold intersected in a second zone is hosted in
a white to light pinkish-grey granite due to strong albite
alteration and weak hematization. Pyrite typically occurs as
disseminated grains (up to 5% pyrite). The albitized granite
contains higher grades indicated by 6.20 g/t gold on 10.50
metres.
Conclusion and Future Work
These encouraging results demonstrate that the mineralization is
wide and continuous. The remaining five holes are pending from the
December 2013 program and will be integrated with the historical
data. An additional three exploration holes were drilled in January
2014, results are pending. Based on the current and historical
work, additional drilling will be planned. This will include
surface channel sampling.
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 an altered granitic intrusive and remains
open at 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. The Corporation entered into an
option and joint venture agreement with Melkior where Beaufield
will earn 50% in the project by spending $1,250,000 over five
years. Beaufield will earn 10% interest for each $250,000 of
exploration expenses.
This press release was prepared by Dr. Eric Hebert, PGeo, of
GeoVector Management Inc., qualified person under National
Instrument 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 Corporation is
actively exploring, well financed, 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
CEO514.842.3443514.842.3306info@beaufield.comwww.beaufield.com