Mr. Jens Hansen reports
BEAUFIELD DISCOVERS NEW SHOWING ASSAYING 1.95% CU, 28.2 G/T AG, AND 0.51 G/T AU ON ELEONORE-OPINACA
Beaufield Resources Inc. has released the results from its 2014 field season on its 100-per-cent-owned Eleonore-Opinaca property. The property is located in the James Bay area, Quebec.
The property occupies a very strategic position between Goldcorp's Eleonore soon-to-be-opened world-class gold mine, which will be Quebec's largest, and Virginia's Regional property (one of Quebec's most successful explorers). Beaufield's property covers more than 77 square kilometres, is surrounded on three sides by Goldcorp's Eleonore mine property and shares a 42-kilometre-long border with Goldcorp. To the west of the Beaufield ground, Virginia is actively exploring a property which covers in excess of 700 square kilometres. Beaufield's Eleonore-Opinaca property map is available on the company website, which shows the key central location of the property.
The two-week work program consisted of prospecting and sampling in the northern portion of the property where bedrock is scarce and overburden cover is predominant. To assist with prospecting, a beep mat was used to help identify conductive bedrock and boulders which may be blanketed by the overburden.
A total of 16 grab samples (i) were collected and results are listed in the attached table. The best result is from a newly discovered outcrop that assayed 1.95 per cent copper, 28.2 grams per tonne silver and 0.51 gram per tonne gold on a peninsula known as the Snoopy area. Five other showings are located within a roughly 10-acre size area. The samples taken from these showings have assayed gold values ranging from two to 6.5 grams per tonne gold and up to 12 per cent molybdenum. Anomalous copper is also prevalent. The type of lithology and mineralization encountered, and the geological context indicate that this may be porphyry-style mineralization. This suggests, in addition to the potential for an Eleonore-type deposit on the Beaufield ground, the potential for a porphyry-style gold-copper-silver-molybdenum formation.
(i) Grab samples collected are selective in nature and are unlikely to be representative of the average grades of mineralized zones.
A boulder assaying 4.22 grams per tonne gold was also discovered farther east where no outcrops are present.
Sample Source Type Au (g/t) Silver (g/t) Copper (%)
Q113501 Boulder Grab 0.35 7.5 0.99
Q113502 Boulder Grab 0.12 2.2 0.15
Q113503 Boulder Grab 0.91 15.1 0.24
Q113504 Boulder Grab 0.13 5.1 0.17
Q113505 Boulder Grab 0.04 0.5 0.04
Q113506 Boulder Grab 4.22 2.3 0.23
Q113507 Boulder Grab 0.24 7.3 0.52
Q113508 Boulder Grab 0.75 9.9 0.43
Q113509 Boulder Grab 0.06 0.4 0.06
Q113510 Boulder Grab 0.22 3.1 0.42
Q113511 Outcrop Grab 0.76 10.1 0.57
Q113512 Outcrop Grab 0.39 6.0 0.34
Q113513 Outcrop Grab 0.27 2.0 0.18
Q113514 Outcrop Grab 0.06 1.0 0.01
Q113515 Outcrop Grab 0.51 28.2 1.95
Q113516 Outcrop Grab 0.40 5.7 0.33
A soil survey was also conducted on the northwestern portion of the property. A total of 100 B-horizon soil samples were taken and assayed. Several of the samples returned anomalous gold values, with one sample reaching 0.2 gram per tonne gold, which is a very high value for a soil sample.
In 2013, Virginia Mines conducted an induced polarization survey 450 metres west of this location and mapped an important conductive target (GM No. 67688). Two anomalous zones were outlined.
Results are currently being analyzed and compiled with existing exploration data by Beaufield geologists. Geological, geochemistry and geophysical data collected to date point to a large area of interest that warrants further exploration. Work for the property is being planned, and will include ground geophysics and additional soil sampling which could lead to potential drill targets.
Jens Hansen, Beaufield's president, states: "Beaufield's Eleonore property continues to deliver very good exploration results, and this explains why we still consider it one of the corporation's key assets. In addition, the development brought to the area by Goldcorp as part of the start of production at Eleonore has been a benefit to Beaufield, because the property is now more readily accessible and this has substantially reduced exploration costs."
Quality control
All grab samples taken in the field were bagged and sealed on location, and transported securely to ALS Chemex Laboratories in Val d'Or, Que., which is certified for ISO 9001 and ISO/IEC 17025 standards. The processed samples were submitted to a standard fire assay with AA technique (gold: AA-23) and inductively coupled plasma emission spectroscopy (ME-ICP-41) on a 30-gram subsample. Assays were also performed on lab control standards, blanks and duplicates.
Qualified persons
This news release has been prepared by Mathieu Stephens, PGeo, chief geologist, the qualified person as defined by National Instrument 43-101.
Canadian Investor Conference
Beaufield will be attending the Canadian Investor Conference in Toronto on Sept. 25 and 26. The company invites everyone to come meet its team at booth No. 701 at the Sheraton Centre. Additional details about the conference are available on the Cambridge House International website.
We seek Safe Harbor.
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