BFD part of Emerging Gold District

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BFD Beaufield  Resources has demonstrated little exploration in relation to its neighbours in the windfall district.

It is relying heavily on its proximity to the gold found by its neighbours.

The heavy strategic investment through shares by OSK suggests it is ensuring it has an option to take BFD into its fold as it wishes and controlling its destiny in the meantime.

It is basically in a holding pattern, and OSK will release an updated resource estimate in may (which will not include some of its latest results from its Lynx deposit).

 

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  • Edit

    BFD is basically under the wing of OSK after the huge strategic investment.

    Here is a portion of the January news from BFD moving forward 2018.

    Hope it helps...

    Beaufield provides update for its 2018 Planned Exploration Activities
     

     

    MONTREAL, January 16, 2018 – Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE: BFD) is pleased to acknowledge that Osisko Mining increased their ownership in the Corporation to approximately 27%, by way of a share purchase agreement transaction of 16,923,500 shares (January 10, 2018 Osisko Mining news release). Beaufield considers Osisko’s purchase an indication of their continued support in the future exploration potential of the properties within the portfolio.

    Following a review of the exploration results from the 2017 summer program at its Urban district properties, Beaufield has decided to defer the previously announced 7,500 metre drill winter program on its 100% owned Rouleau property (December 8, 2017 news release). The Corporation has identified several targets generated from compilation of historic data and the 2017 VTEM survey that require follow-up surface exploration prior to drill testing.

    Additionally, recent results reported by Osisko Mining on the neighboring Windfall Lake property indicates gold mineralization within the Lynx corridor to be within 500 metres from the property boundary but at core depths in excess of 900 metres. Based on Beaufield’s current review of these results, we now believe it is best to await further news confirming that the mineralized trend extends toward Beaufield’s property prior to conducting any drilling on this target.

    To the south, near the property margin, Beaufield drill tested a gold-till anomaly along the projected northeast trend of Bonterra Resources’ Gladiator deposit.  Beaufield completed fourteen (14) holes over an area measuring approximately 500 by 1500 metres with limited success. The best intercepts included hole BRS-17-06 that returned 7.48 g/t gold over a 2.58 metre core interval and hole BRS-17-10 that intersected 6.3 g/t gold over a core interval of 5.5 metres (December 8, 2017 news release).

    Finally, on September 27, 2017, Beaufield engaged Geologica Groupe-Conseil Inc. (“Geologica”) to prepare a National Instrument (“NI”) 43-101 technical report presenting a comprehensive summary of the exploration history on the Rouleau claim block.  This work is anticipated to be completed during the first calendar quarter of 2018.

    “The decision to defer drilling at Rouleau was not easy, but we believe that it is prudent to reassess the geological merit and exploration potential of our entire portfolio prior to maximize the risk-reward benefit of our work,” stated Ron Stewart President and CEO of Beaufield.

    In addition to its 100% held Urban district properties, Beaufield’s portfolio is comprised of four separate properties that justify further consideration. The Corporation has planned a comprehensive technical review of its properties starting with the Launay and Tortigny projects.

    At the Launay property, 100% owned and located 90 km northwest of Val D’Or, Quebec, over 40,000 metres of drilling has been completed outlining two main gold zones. Gold mineralization has been defined by historical work over a 3 kilometre trend on the property. In 2013, a drill program on one of these zones identified wide intersections of gold mineralization located near surface:

    3.92 g/t gold over 13.40 metres in hole LAY-15-2013 (January 13th, 2014 Melkior’s news release)
    6.20 g/t Gold over 10.50 metres in hole LAY-20-2013 (February 18th, 2014 Melkior’s news release)
    4.04 g/t gold over 15.52 metres in hole LAY-21-2013 (March 18th, 2014 Melkior’s news release).

    The gold zones are coincident with a north-south striking magnetic axis dipping to the west between 65 to 80 degrees. The mineralization consists of auriferous pyrite grains disseminated in an altered granitic intrusive and within quartz-carbonate veins.

    The Corporation intends on incorporating a three-dimensional geologic model to identify possible follow-up drill targets along the 3 km system strike length.

    At its Tortigny property, little work has been conducted since the 2014 release of a NI 43-101 resource on the Tortigny deposit.  Micon International Limited (“Micon”) estimated a measured plus indicated resources of 1,098,000 tonnes grading 1.78% Cu, 3.65% Zn, 48.5 g/t Ag, 0.35 g/t Au along with inferred resources of 99,000 tonnes grading 1.19% Cu, 1.23% Zn, 12.45 g/t Ag and <0.1 g/t Au (July 21, 2014 news release).  The resource was based on 135 drill holes totaling 34,581 metres of diamond drill core.

    Beaufield believes there is excellent potential for additional volcanogenic massive sulphide discoveries in the district.  A full compilation of the historic exploration data will be completed aimed at prioritizing targets for follow-up commencing later this year.  The Tortigny property is 100% owned by Beaufield approximately 100 kilometres north of Chibougamau, Quebec.

     

  • Edit

    Baystreetwonder, OSK is coming out with an updated resource estimate in may, followed by a PEA in June.

    Both BTR and MTO will release an updated resource estimate later in the year...

  • Edit

    And yes, Eric Sprott is heavily involved in the area through investments and financing...That is why billionaires get to have a say when the plan is being put together....and not just for each company plan, but how things will play out in the emerging gold district...

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    OSK operating budget for this year is roughly, $100 million, most of which is being used in windfall area...

    BTR, aggressive drilling this year.

    MTO even more so....

    Billionaires spend $$$$$ to make more $$$$$$$$$$$$

    The gold bull is around the corner.

    Watch for price of gold way up 3 weeks after the fed meeting...

    then we can see the miners move up...

    Tillerson out.

    new secretary of state military man background...tops at westpoint...cia chief......

    lots of generals advising trump...what do you really see awaiting North Korea and possible upcoming talks...does anyone really believe North Korea will back down?   really??

    If Iran deal is torn up, do you not believe North Korea notices?

    bloody nose off the table?  certainly not at this point...anything possible.

    Debt is giant air balloon ready to  burst...

    Putin critic found dead in England today from unkwown causes.

    Former Russian spy and daughter still recovering from nerve agent...cleanup of area with Hazmat suits...

    Last week Putin announces new class of nuclear weapon which cannot be brought down...

    gold price medium to long term...$1400 $1480  $1600 $1800...

    each $50 incremental jump over earnings is huge profit change in miners...

    Urban Windfall new gold mining district to be proven up...in friendly Canada mining  jurisdiction...

  • Edit

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1205-tsx-venture/bfd/45249-beaufield-announces-corporate-update-grants-stock-options-to-new-directors.html?utm_source=newsletter_304&utm_medium=email&utm_campaign=junior-mining-news-for-april-16-2018