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beaufield resources inc (BFD) Details

Beaufield Resources Inc. explores and develops various mineral properties in Eastern Canada. The company explores for gold, molybdenum, zinc, copper, nickel, PGM, iron, and silver deposits. It holds 100% interests in the Opinaca property located in northern Quebec; the Urban property located to the east of the village of Lebel-sur-Quevillon, Quebec province; the Troilus-Tortigny property in northwestern Quebec; and the Schefferville property located to the northwest of the town of Schefferville, Quebec. The company is headquartered in Montreal, Canada.

beaufield resources inc (BFD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$86.6K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$100.8K
Compensation as of Fiscal Year 2013.

beaufield resources inc (BFD) Key Developments

Beaufield Resources Inc. Provides Results for a Channel Sampling Program Undertaken in June 2014

Beaufield Resources Inc. provided results for a channel sampling program undertaken in June 2014 and the remaining three holes drilled in January 2014 on Zone 75. The drilling revealed continuous mineralization hosted in a granite with a strong albite alteration; previously reported intersections include 4.04 g/t gold over 15.52 metres (hole LAY-21-2013) and 6.20 g/t gold over 10.50 metres (LAY-20-2013). Highlights include: 2.64 g/t gold over 11.60 metres (CHL-09-2014), channel sample - 5.58 g/t gold over 3.00 metres (CHL-15-2014), channel sample - 1.89 g/t gold over 14.10 metres (LAY-27-2014), drill hole - 0.86 g/t gold over 9.35 metres (LAY-26-2014), drill hole. The drill program is funded by the corporation per an option and joint venture agreement signed with Melkior Resources Inc. in November 2013. Melkior is the operator. The channels consist of gold bearing disseminated pyrite (about 2%) hosted in a strongly albitized granite. Most of the holes previously drilled on Zone 75 have intersected the albite-rich gold zone below the 50 metre level. The new surface gold intersections provide new data to add to the current database and confirmed the continuity of the mineralized zone up to the surface. The results also have shown that the mineralized zone is near vertical and affected by local faults. This information will be very important in lanning the next drilling program on the property. The results of three exploration holes drilled in January 2014 west of Zone 75, totaling 700 metres are also reported. The drilling discovered a new gold zone and also demonstrated the continuity of gold on the west part of Zone 75. Hole LAY-26-2014 was drilled 150 metres west of Zone 75 on an Induced Polarization (IP) anomaly. The IP anomaly was detected over two surveyed lines and explained in hole LAY-26-2014 by the presence disseminated pyrite (about 2%) with gold associated (0.86 g/t gold over 9.35 metres). This opens new possibilities of finding additional gold mineralization using IP as a geophysical tool elsewhere on the 3 km long property. The new zone requires follow-up. The 2 last holes (LAY-27-2014 and LAY-28-2014) were drilled to test possible western extensions of Zone 75. The holes were collared about 50 metres west of Zone 75.

Beaufield Resources Inc. Commences its Summer Exploration Program at Urban Properties, in Quebec

Beaufield Resources Inc. announced that it has commenced its summer exploration program at its 100% owned Urban properties, in Quebec. The properties cover 8,160 hectares (81.6 square kilometres) in Urban Township 120 km northeast of Val d'Or and consist of three blocks, Macho, Rouleau and Lac Kent. Beaufield's properties adjoin Eagle Hill Exploration and Metanor Resources properties. Both neighboring companies are very active in Urban. A geological team is currently performing surface exploration work on the Macho block of claims, an area that has not been explored since the 1990s. Numerous historical gold showings occur in this area, including a historical channel sample of 6.6 g/t gold over a length of 17.0 metres. Grab samples of up to 88.2 g/t and 29.48 g/t gold have been historically reported. The Corporation geologist will also visit other parts of the property to locate additional outcrops and determine what other work might need to be done. Development of the currently explored adjoining properties may influence exploration on Beaufield's Macho block.

Beaufield Resources, Inc. Announces Acquisition of 28 New Claims Adding 692.9 Hectares to its Urban Property

Beaufield Resources, Inc. reported the acquisition of 28 new claims adding 692.9 hectares to its Urban property. The company now owns 100% of the entire 8,160 hectares Urban property located approximately 190 km northeast of Val d'Or, Quebec. Of these new claims, nine were staked by map designation in an area believed to contain important regional geological structures. These structures are known to contain gold mineralization in the area. 19 other claims where purchased from an arm's length party for $3,000. The claims are located in the central portion of the Urban-Barry greentstone belt. One group of claims is located only 1.6 kilometres from the center of Eagle Hill Exploration's Windfall gold deposit. The other group of claims is located four kilometres along strike from the same deposit. The Urban area has been the focus of increased gold exploration activity by Beaufield and its neighbours. Metanor Resources Inc. owns the Barry mine and Eagle Hill Exploration Corp. has recently announced a 43-101 compliant resource estimate on the expanding Windfall gold property which adjoins Beaufield's ground.


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