MONTREAL, QUEBEC--(Marketwired - Aug. 7, 2014) - Beaufield Resources Inc. ("Beaufield" or the "Corporation") (TSX VENTURE:BFD) announces that it has filed today a technical report entitled "Technical Report for the Tortigny Polymetallic Project Southern James Bay Municipality Quebec, Canada" (the "Technical Report") and dated July 15, 2014 in support of the July 21, 2014 press release which included an updated resource estimate for the Tortigny high grade polymetallic deposit. The Technical Report was prepared in compliance with National Instrument 43-101.
The Tortigny deposit is 100% owned by Beaufield and located on an all-weather road approximately 100 kilometres north of Chibougamau, Quebec and near key infrastructure. The Technical Report, based on 34,581 metres of drilling and 7,273 metres of sampling was completed by Micon International Limited ("Micon"), an independent consulting company, based in Toronto, Canada.
As of June 2, 2014 the updated mineral resource for the Tortigny deposit is estimated to contain:
- Measured plus Indicated Resources of 1,098,000 tonnes grading 1.78% Cu, 3.65% Zn, 48.51 g/t Ag, 0.35 g/t Au;
- Measured Resources of 550,000 tonnes grading 2.3% copper (Cu), 4.23% zinc (Zn), 59.99 g/t silver (Ag) 0.43 g/t gold (Au);
- Indicated Resources of 548,000 tonnes grading 1.18% Cu, 3.09% Zn, 36.19 g/t Ag, 0.25 g/t Au; and
- Inferred Resources of 99,000 tonnes grading 1.19% Cu, 1.23% Zn, 12.45 g/t Ag and <0.1 g/t Au.
The Technical Report was prepared by Tania Ilieva, P.Geo, Stefan Kruse, P.Geo, and Bogdan Damjanović, P. Eng., independent Qualified Persons at Micon International Limited.
The technical report is available on SEDAR at www.sedar.com and on Beaufield's website at www.beaufield.com.
This news release has been prepared by Mathieu Stephens, P.Geo, Chief Geologist of Beaufield, a Qualified Person under section 43-101.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.