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beaufield resources inc (BFD) Snapshot

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08/21/13 - C$0.13
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Market Cap
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111.3M
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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. Reports Drilling Results on the Launay Gold Project in Québec

Beaufield Resources Inc. provided results for five holes drilled in December 2013 on Zone 75, totaling 594 metres, on the Launay Gold Project in Québec. The main objective of the drill program is to determine a near-surface resource on Zone 75. The drilling continues to demonstrate the continuity of gold mineralization at Zone 75. Gold occurs in two distinct mineralization styles. Near surface, gold is hosted in a hematized pink granite including several quartz veinlets and a dense fracture network associated with pyrite and sericite alteration. Gold intersected in a second zone is hosted in a white to light pinkish-grey granite due to strong albite alteration and weak hematization. Pyrite typically occurs as disseminated grains. The albitized granite contains higher grades as indicated by 6.20 g/t gold on 10.50 metres, hole LAY-20-2013. The present drill program began in November 2013 and was completed in January 2014. In total 19 holes, comprising 2589.6 metres, were drilled. The results from 11 holes were released in January and February 2014. Three exploration holes are still pending and will be released when the results are compiled. The 3 holes were drilled to test an Induced Polarization (IP) target and possible extensions of Zone 75. Gold mineralization in the area is typically associated with IP anomalies due to the presence of pyrite. Several mineralized intersections from the drilling program are open and additional sampling is planned for this spring as well as some surface channels to link mineralization on surface to the main mineralized zone intersected by the drilling.

Beaufield Resources Drills 5.24% Cu and 8.73% Zn over 16 Metres at Tortigny

Beaufield Resources Inc. reported drilling results from two new holes on its 100% owned Tortigny copper-zinc-silver-gold deposit. The project is located on an all-weather road approximately 100 kilometres north of the town of Chibougamau, Quebec. Beaufield has recently completed a 10 hole drilling program totaling 2,203 metres on the property including 1,010 metres in the deposit area. Two holes were drilled in the north limb of the Tortigny deposit to explore a portion of the Tortigny structure not previously drilled. The holes were recommended by Micon International Ltd. which is currently preparing an updated independent National Instrument ("NI") 43-101 resource calculation on Tortigny. A number of high grade sections from these are presently being re-assayed for confirmation for inclusion in the updated 43-101. The re-assay results will be released when available. Hole To-13-02 confirms the high grade nature of the hinge portion of the deposit. Narrower and lower grade stringers on either side of the high grade core offers possibilities for important mineralization to be explored beyond the core. Hole To-13-01 was drilled to intersect the deposit below any previous drilling at this location. It intersected 2.76 metres of 1.37% copper, 1.93% zinc, 34.15 g/t silver and 0.24 g/t gold. Evaluation and advancement of the Tortigny project will continue with down hole geophysics and drilling to expand the resource. The environment is highly prospective for expansion and locating more base metal deposits. Based on the calculation the deposit contains total measured and indicated resources of 845,000 tonnes grading 2.01% Copper, 4.29% Zinc, 55.29 g/t Silver and 0.39 g/t Gold. An updated 43-101 resource calculation is scheduled for completion in three months. Core processing included descriptive logging and systematic sampling for analysis. Every sampled interval was split in half with a core splitter or cut with a diamond blade saw. Half of any sampled core was left in the core box for future reference and the remaining half was bagged and sealed and sent to a commercial laboratory. Quality control samples (duplicate, blanks and standards) were systematically inserted in the sequence. Assays are performed at ALS CHEMEX Laboratories in Val d'Or, Quebec which is certified for ISO9001 and ISO/IEC 17025 standards. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample.

Beaufield Resources, Inc. Provides Drilling Update on Launay Gold Project

Beaufield Resources, Inc. is providing results for three holes drilled in December 2013 on Zone 75, totaling 357 metres, on the Launay Gold Project. The drill program began in November, 2013 and was completed in January 2014. In total 19 holes, comprising 2,589.6 metres, were drilled. The results of 8 holes were released in early January 2014. Results are pending for five remaining holes drilled on Zone 75 and for three additional exploration holes. Gold occurs in two distinct mineralization styles. Near surface, gold is hosted in a hematized pink granite including several quartz veinlets and a dense fracture network associated with pyrite and sericite alteration. Gold intersected in a second zone is hosted in a white to light pinkish-grey granite due to strong albite alteration and weak hematization. Pyrite typically occurs as disseminated grains (up to 5% pyrite). The albitized granite contains higher grades indicated by 6.20 g/t gold on 10.50 metres.

 

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