Exploring for Gold in the Rainy River and Red Lake districts of Northwestern Ontario

81m @ 5.08 g/t Gold, 28m @ 13.28 g/t Gold, 9m @ 12.88 g/t Gold, 46.6m @ 2.28 g/t Gold plus Bonanza grade Silver (up to 1760 g/t)

Free
Message: Share Issuance for Patented Claim in Rainy River District, NW Ontario
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Share Issuance for Patented Claim in Rainy River District, NW Ontario

posted on Jan 30, 2009 07:26AM
January 30, 2009
Bayfield Ventures Corp.: Share Issuance for Patented Claim in Rainy River District, NW Ontario
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2009) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that it has issued 15,000 common shares and paid the sum of $10,000 in connection with its Option Agreement dated February 1, 2007 with Leonard Strom whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in 1 patented claim block located along the eastern section of Bayfield's Claim Block "C" property, Sifton Township, Rainy River District, NW Ontario.

Rainy River Ontario Claims Map:

http://www.bayfieldventures.com/i/pd...

The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring May 29, 2009.

In order to earn a 100% interest in the property, the Company must make further cash payments of $15,000 and issue 20,000 common shares over the remaining one year term of the Agreement.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Goldcorp.

For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Donald C. Huston, President
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply