Re: $7.54 close
in response to
by
posted on
Sep 07, 2010 04:17PM
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
BYV is the current catalyst driving this stock. they closed up 54% closing at $1.22 after a halt on tremendous drill results. Everyone knows that RR is going to have to buy them out so good results on either side of the line raises the price of the other deposit.
http://finance.yahoo.com/news/Bayfield-Drills-3593-GT-Au-ccn-3366068984.html?x=0&.v=1
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2010) - Bayfield Ventures Corp. (TSX VENTURE:BYV - News; FRANKFURT:B4N - News; the "Company") is pleased to announce 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 - News) gold project.
Rainy River gold properties claims map: http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf
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