RR-BYV..
posted on
Sep 11, 2010 08:06AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
A few years ago we were kicking around Bayfield Ventures,which has claims abutting Rainy River..
Well the drill results look really good for a buy out or a mining operation..but most likely a buy out by Rainey River..
Here are the results of the latest drilling efforts and I have held BYV for a number of years..The share price is rising and looks really good.
Bayfield Correction Increases Drill Hole From 2.70 g/t Gold to 5.08 g/t Gold Over 81m in Rainy River, NW Ontario11:22AM ET on Wednesday Sep 08, 2010 by Marketwire Canada
Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") is issuing a correction to it's news release dated September 7th reporting an additional high grade gold discovery on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) gold project. Rainy River gold properties claims map: http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf Bayfield incorrectly reported yesterday that drill hole RR10-18, from 488 metres to 569 metres, returned 2.70 g/t gold over 81 metres when the news release should have stated 5.08 g/t gold over 81 metres. Except for the above, all other information is correct. Highlights:-- Another significant high grade gold discovery early in 20,000+ metre
(50+ holes) diamond drill program
-- 35.93 g/t gold over 10.0 metres within 13.28 g/t gold over 28.0 metres
intersected in hole RR10-18
-- The linear "plunge distance" between the high grade zone in the
previously reported hole, RR10-15, and that in the newly reported hole,
RR10-18, is in excess of 400 metres indicating a potential for a high
grade gold shoot of considerable length
-- The map distance between the collars of RR10-15 and RR10-18 is
approximately 125 metres; little drilling between the holes has been
done
-- 13 additional holes completed; assays pending
Friday nights close..
Loving it..
BAYFIELD VENTURES CORP | 3:59:51 PM EDT | |||||||||||||||||||||||||||||
Symbol | T | Bid | Ask | Last | Change | Volume | FSI | |||||||||||||||||||||||
BYV CA V | + | 1.20 | 1.21 | 1.21 | 0.08 (7.08%) | 1,644,245 | ||||||||||||||||||||||||
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