Mr. Jens Hansen of Beaufield Resources reports
BEAUFIELD ANNOUNCES 2015 FIELD PROGRAM
Beaufield Resources Inc. and Urbana Corp. have started an exploration program for the remainder of 2015. Focus will be on its Quebec group of properties with immediate emphasis on the Urban township.
Urban property -- Macho block
A work program will commence in late May on the Macho block of the Urban property, which is located 200 kilometres northeast of Val d'Or and is easily accessible by an all-weather road. The area was first recognized for its gold potential in the 1940s, when prospectors would spend the summer season prospecting the property and collecting visible gold from quartz veins at various locations.
Beaufield first acquired an interest in the Macho block in 1986. In 2014, Beaufield collected grab samples on the property which assayed values in precious and base metals. Some of these samples are listed in the attached table. Prior to this, no other work has been done on Beaufield's Macho (Urban) property over the previous 15 years, and it remains underexplored.
Urbana and Beaufield recently agreed to jointly explore and share all information on their adjacent properties. Each party retains 100-per-cent ownership of their respective properties. Beaufield is the operator for the current work program (see news release dated Nov. 14, 2014).
SELECT GOLD SHOWINGS ON THE URBAN PROPERTIES (i)
From To Au Cu Length
Property Name Type (m) (m) (g/t) (%) (m)(ii)
Drill
Beaufield QSM-5 core 53.3 54.6 18.9 N/A 1.30
Beaufield East River Grab N/A N/A 20.0 2.43 N/A
Beaufield West Grab N/A N/A 14.8 1.60 N/A
Beaufield Mound Grab N/A N/A 6.1 N/A N/A
North Drill
Urbana Farchell core 14.1 14.7 20.5 N/A 0.60
Drill
Urbana Farchell core 77.1 80.4 6.5 N/A 3.30
South Drill
Urbana Farchell core 75.1 75.4 126.3 N/A 0.30
Drill
Urbana Woods core 11.0 12.1 69.0 N/A 1.10
Drill
Urbana Roben core 17.6 19.9 30.5 N/A 2.30
South Drill
Urbana Roben core 48.1 48.4 52.3 N/A 0.30
East Drill
Urbana Farchell core 82.1 83.6 15.0 N/A 1.50
Drill
Urbana Urbana 2 core 56.6 57.6 15.0 N/A 1.00
Drill
Urbana Urbana 1 core 7.7 10.1 2.4 N/A 2.40
Drill
Urbana Lake Tico core 65.35 67.7 8.7 N/A 2.35
Notes:
(i) The data listed are taken from historical reports. The qualified
person has assumed that the collection of samples met industry
standards of the time, and has no reason to doubt the reliability of
the data and information; however, the qualified person has been
unable to verify the results.
(ii) May not necessarily represent true width.
In March, 2015, Beaufield completed a 103-line-kilometre induced polarization and magnetometer ground survey in partnership with Urbana, which holds the adjacent property. An interpretation of the data is currently under way. To date, over 90 distinct anomalies have been identified on the properties, 37 of which are considered high-priority targets due to their intensity and depth potential.
The newly acquired sampling and geophysical data are currently being analyzed alongside historical data. A follow-up ground reconnaissance program will commence in late May to verify access for an upcoming drill program. The terrain has limited rock exposure, but historical work and geophysical data suggest that overburden is relatively thin in portions of the area. Examination and reassaying of select historical drill core will also be undertaken.
Mathieu Stephens, chief geologist for Beaufield, comments: "The presence of numerous gold occurrences associated with porphyry and shear zones is indicative of a widespread mineralization system, demonstrating the area's potential for future discovery. This is emphasised by the recently completed induced polarization survey."
A drilling program on selected targets will be undertaken after the completion of the current field program.
Urban township hosts numerous gold and base metal occurrences, and is currently the focus of a significant gold program at Windfall Lake by Eagle Hill Exploration Corp. The Windfall gold deposit is on strike with the Beaufield-Urbana properties, and is located five kilometres to the northeast of the current work.
Tortigny property
Beaufield holds a 100-per-cent interest in the Tortigny property located approximately 100 kilometres northwest of the town of Chibougamau, Que., with year-round road access. On July 21, 2014, Beaufield announced the results of a National Instrument 43-101 technical report on the zinc-copper-silver-gold Tortigny project, which included a resource estimate for the high-grade polymetallic deposit. Management is evaluating the next steps for Tortigny.
New exploration will focus on specific areas identified as important targets based on airborne geophysical surveys. These areas are also known to contain mineralized boulders with a likely local source, including one boulder assaying 20 grams per tonne gold, 8 per cent copper, 50 grams per tonne silver and 1.37 per cent zinc in 2013 (July 25, 2013, news release). The field program is scheduled to begin in July, 2015, and will consist of surface verification of high-priority airborne geophysical targets.
Eleonore-Opinaca property
The 100-per-cent-owned property is strategically located on key geology between Goldcorp's new Eleonore mine and Osisko Gold Royalties holdings. Developments on the adjoining property will be monitored in order to define Beaufield's exploration program for Eleonore.
Qualified persons
This news release has been prepared by Jens E. Hansen, Eng, chief executive officer, president and a director, and Mathieu Stephens, PGeo, chief geologist, the qualified persons as defined by NI 43-101.
We seek Safe Harbor.
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