We cannot be blamed if you find any other article resembling the matter we have written here about River Geology. What we have done here is our copyright material!

Bayfield Ventures (TSXV: BYV) Upbeat on Rainy River Project

As Ive noted for some time, you can tell a lot about Bayfield Ventures (TSXV: BYV) by having a look at Rainy River Resources work next door. Bayfield owns some important concessions, including Blocks A, B and C, in and around Rainy Rivers major gold discovery zone. That discovery zone brought Rainy River to the forefront of the junior exploration scene last January, when step-out drilling from an area with no previous drilling assayed 5.42 grams per tonne gold over 43 metres with a core interval of 17.67 g/t Au over 9.5 metres. When Rainy River announced the results in November last year, the companys stock rocked from $2.87 to $4.85 in less than a week. Now Bayfield is hoping that its own drill results, which are expected sometime before December this year, will tap into some of the same mineralized trend. Don Myers, who is a director at Bayfield with 20-years experience in pubco management and corporate communications, says both Bayfield and its investors are pleased with progress on the ground at Rainy River. "Were constantly sending off assays to the labs, but because we make it our policy to release all our results together we havent been able to release any yet. Its obvious were more than satisfied were still aggressively seeking land in the area, were planning more drill holes." If and when Bayfield does pick up new land in the area, they wont be the only ones doing so. In August, Rainy River reported an option agreement for a 100% interest in an additional 1,570 acres of farmland in the Sifton, Richardson and Tait townships in the Rainy River district in Northwestern Ontario. Myers told me, "Rainy River Resources is on a major land acquisition their last six or so news releases show that theyre acquiring more land, theyre surrounding more of our properties than just the B Block after their Canaccord Capital financing theyve been acquiring much more land in the area. This means theyve got lots of money to continue drilling and purchasing." I have a feeling Bayfield has something similar coming up in the near future: With all the drilling activity going on, the incredible results coming out of RR.V, land purchasing, this Rainy River area is really on fire. As well, Bayfield has been drilling all summer and has finished ten drill holes of the present drill program. "Nows a great time for us," Myers says. "Were still awaiting assay results, but weve got three blocks of land to drill. On the B Block weve drilled five holes. Weve drilled five holes on the A Block. Now were going back to the B Block and do two more holes there, then the C Block for two or three more. Thatll wrap up the drill program, and then youre looking at typically four to six weeks for results." Myers says that Bayfield has a policy of announcing results of drill programs en masse, rather than in spurts, which tend to give investors a skewed idea of progress. "Our policy has always been to announce all the results together, not partial results. So youre looking at another two months for results."
Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www.resourcex.com
Article Source: http://www.ArticleBiz.com

Golf Courses USA | Pocket PC | Airport Directory USA | US Colleges Directory | Golf and Las Vegas | GPS Systems | Golf Carts | Polo Golf Shirts | Camcorders | Golf Tournaments

We hope that after reading about River Geology, you get a good impression about River Geology. It is the final impression of an article that counts.