Beaufield Resources Inc. ("Beaufield" or the "Company") is pleased to announces that it has commenced a high-resolution, helicopter-borne, magnetometer survey over its 100% owned Opinaca property, located 320 km north of Matagami, James Bay, Québec.
The survey will cover the northern portion of the property where numerous gold showings have been identified by surface exploration (see figure 1: http://media3.marketwire.com/docs/goldcorp1205.pdf). The area to be surveyed is located 6 kilometres away from Goldcorp's Éléonore project and consists of the same geological formations that host the gold deposit.
The data garnered from the survey will aid regional geological and structural interpretation as well as to identify extensions to previously-identified mineralization. It is believed that gold mineralization in the area is structurally controlled, and hence the survey will provide key information for future drilling programs.
The survey instrumentation is a Colibri magnetic gradiometer system provided by NovaTEM Inc. The survey specifications are for flight lines at 50 metres spacing covering an approximate area 4.5 kilometres wide and 18 kilometres long, totalling 1550 line-km.
The area surveyed will include the Vortex Zone, a diopside-tourmaline alteration and replacement zone mineralized in arsenopyrite, very similar to the East-Roberto Zone of Goldcorp's Éléonore deposit. During the summers of 2009 and 2010, 54 grab samples taken from the Vortex alteration Zone returned values up to 19,0 g/t Au. Coverage with high resolution magnetic of all the known gold occurrences will optimize future drilling and help identify additional targets with similar magnetic characteristics
The Opinaca property is immediately adjacent to the Éléonore gold project which is scheduled for gold production in late 2014, with life-of-mine gold production expected to average at least 600,000 ounces of gold per year over an approximate 15-year mine life (Goldcorp news release November 14, 2011).
Beaufield management believes that the newly created infrastructure nearby (all weather year round road and hydroelectric powerline) will benefit its ongoing exploration efforts in the area.
This news release has been prepared by David Rivard, P.Geo., Vice-President Exploration of Beaufield, Qualified Person under section 43-101.