Beaufield Resources Intersects 147 Metres of 34% Iron in

Beaufield Resources Intersects 147 Metres of 34% Iron in
Schefferville 
MONTREAL, QUEBEC -- (Marketwire) -- 11/20/12 -- Beaufield Resources
Inc. ("Beaufield" or the "Company") (TSX VENTURE:BFD) is pleased to
announce the results from its exploration drill program on its 100%
owned Schefferville property, located near the town of Schefferville,
Quebec. A total of 22 sub-vertical holes were drilled totalling 2,147
metres, testing 6 different areas over a strike of 42 km. Of these 22
holes, 21 intercepted iron mineralization, confirming the presence of
high grade iron throughout the property.  
Highlights include: 


 
--  Hole SC-12-16 intersected 147 metres of 34% Iron. 
--  Hole SC-12-11 returned assays of 43.75% Iron over 76.5 metres including
    18 metres over 52.22% Iron. 
--  12 out of 22 holes were terminated within mineralized zones, open at
    depth. 
--  21 holes intercepted the Sokoman Iron formation with excellent widths. 
--  Of the 20 targets identified with Airborne Geophysics 11 were drill
    tested and 9 targets remain to be tested. 
--  Presence of enriched iron identified over a 42 km trend. 
--  Hematite-rich iron formations with low impurities 
--  Property is near existing infrastructure. 

 
The exploration drilling focused on 6 different areas defined with an
airborne gravity and high resolution magnetic survey. 21 holes out of
22 intersected iron mineralization returning an average total iron
value over 30%. Twelve holes are still open at depth and were
terminated within mineralization. Iron values were determined by
X-ray fluorescence (XRF) major element analysis. 
Drill Results: 
Table 1 provides the average total Iron content and the Phosphorus
values for each hole (refer to figure 1-Drill hole location plan).
Note: a low Phosphorus value is considered very favourable in iron
ore as it a deleterious substance in steel manufacturing. 


 
----------------------------------------------------------------------------
                           To   Interval        Fe     P                DTWR
Hole          From (m)    (m)        (m)       (%)   (%)                 (%)
----------------------------------------------------------------------------
SC-12-01            11     15          4     35.92  0.09                0.20
     
               27     51         24     31.05  0.07                0.04
Including           30   46.5       16.5     34.06                          
----------------------------------------------------------------------------
SC-12-02(i)         93    146         53     34.04  0.03                8.25
Including          126    134          8     37.94                          
----------------------------------------------------------------------------
SC-12-03            15    165        150     30.81  0.04                5.47
Including          132    144         12     43.22                          
----------------------------------------------------------------------------
SC-12-04           1.3    108      106.7     36.04  0.03                3.74
Including           69     96         27     40.42                          
----------------------------------------------------------------------------
SC-12-05             3     27         24     32.99  0.04     less than 0.01
Including            3     18         15     41.31                          
----------------------------------------------------------------------------
SC-12-06           1.5     82       80.5     39.16  0.03                7.78
Including           43     72         29      45.5                          
----------------------------------------------------------------------------
SC-12-07            17    144        127     36.11  0.03                6.31
Including          114    138         24     45.43                          
----------------------------------------------------------------------------
SC-12-08           4.5  103.5         99     38.66  0.03                0.60
Including           65   91.5       26.5     46.32                          
----------------------------------------------------------------------------
SC-12-09(i)       19.5    108       88.5     35.53  0.02                4.78
Including         94.5    108       13.5     39.74                          
----------------------------------------------------------------------------
SC-12-11            15   91.5       76.5     43.75  0.02                0.02
Including           48     66         18     52.22                          
----------------------------------------------------------------------------
SC-12-12(i)         15     49         34 34.67(ii)  0.02                1.71
----------------------------------------------------------------------------
SC-12-13(i)         12   37.5       25.5 32.02(ii)  0.03               32.07
----------------------------------------------------------------------------
SC-12-14(i)         48   58.4       10.4     26.46  0.02               24.35
----------------------------------------------------------------------------
SC-12-15(i)          3     78         75     32.79  0.01               14.72
Including            3   13.5       10.5     39.66                          
----------------------------------------------------------------------------
SC-12-16            12    159        147     34.24  0.03               20.29
Including          135    159         24     40.05                          
----------------------------------------------------------------------------
SC-12-17(i)       14.8     66       51.2     32.75  0.02               15.78
Including           42     66         24     34.55                          
----------------------------------------------------------------------------
SC-12-18(i)          2   78.5       76.5     23.29  0.10                5.62
Including           60   78.5       18.5     33.31                          
----------------------------------------------------------------------------
SC-12-19(i)       2.75     54      51.25     31.23  0.02               27.10
Including         28.5     45       16.5     34.27                          
SC-12-19(i)         96  121.2       25.2     34.54  0.03               41.32
Including        100.5  121.2       20.7     35.26                          
----------------------------------------------------------------------------
SC-12-20(i)         24     54         30     29.68  0.02               16.35
Including           42     51          9     34.17                          
----------------------------------------------------------------------------
SC-12-21(i)         30   45.5       15.5     29.01  0.07               31.07
Including           33     42          9     30.91  0.02                    
----------------------------------------------------------------------------
SC-12-22(i)        2.9     48       45.1     37.19  0.01                0.62
Including          2.9     18       15.1     40.88  0.01                    
----------------------------------------------------------------------------

 
(i) hole terminated within mineralization 
SC-12-10 did not return any significant iron values. 
True widths of the reported intercepts above vary depending on the
angle of the individual drill holes and are estimated to be between
80% and 100% of the reported core interval. Values obtained in hole
SC-12-12 and SC-12-13 are approximate ((ii)), in these holes only 26%
and 53% respectively of the intervals were sampled and assayed. The
remaining core is still available in Schefferville and will be
sampled as part of 
a follow-up drill program. The values obtained
were averaged because of their consistency. Most holes are hematite
rich with a low phosphorus (P) level. Five holes are magnetite rich
with a Calculated Davis Tube Weight Recovery (DTWR) higher than 20%.
DTWR is a laboratory measure of the magnetite content of iron ore.
Hole SC-12-16 with 34.24% iron over 147 metres represents the best
intersection and the highest grade (52.22% iron over 18 metres) was
obtained in hole SC-12-11. 
Hole SC-12-01 drilled in the southeastern part of the property
intersected a very altered, hematite rich, iron formation. The
intense alteration is responsible for the poor recovery and 12 metres
of missing core from 15m to 27m. The important alteration may be
indicative of the presence of direct shipping ore (DSO). More work
with reverse circulation drilling technique is required to properly
explore the area due to the high core loss associated with diamond
drilling in DSO type mineralization. 
The Northwestern part of the property was drill tested with only a
single hole. Hole SC-12-22 returned 37.19% iron over 45.10 metres
shows high potential. The Company has planned to drill 5 additional
holes in this area as part of the next drill campaign. 
President and CEO, Kevin Weston states; "These drill results surpass
our expectations as they are indicative that the property hosts
enriched iron formations with substantial widths throughout our claim
holdings. Beaufield is anxious to return to Schefferville to follow
up on these results and the remaining 9 targets interpreted from the
airborne gravity and high resolution magnetic survey. Of the untested
targets, we consider 3 of them to be the best anomalies on the
property and may require reverse circulation drilling to be properly
tested."  
Beaufield's 38,370 hectare property is strategically located in the
middle of the Schefferville Mining camp and borders Tata Steel,
Labrador Iron Mines, New Millenium Iron and Century Iron ground. The
property is known to host a substantial portion of the Sokoman
Geological iron formation and it is an area of developing DSO iron
mines and has access to significant infrastructure. Roads constructed
by the IOCC during its previous mining operations run the length of
the property hence facilitating access and a new railway is to be
built in close proximity to Beaufield's property. 2 processing DSO
plants are now operational within 10 kilometres of Beaufield's
property. A map of the area is available in figure 2. 
With approximately $8 million in working capital, including $2
million in flow-through financing to be dedicated for exploration by
the end of 2013, Beaufield is well positioned to advance its
excellent portfolio of properties and identify other potential
opportunities in the mineral exploration or development stage that we
can add value to on behalf of our shareholders. 
Quality Assurance / Quality Control 
Core processing included descriptive logging and systematic sampling
for analysis. The drill core was completely cut in half, with one
half sent to a commercial laboratory and the other half retained for
future reference. Total iron analysis was performed using X-ray
fluorescence (XRF) and the magnetic component was determined using
the Davis Tube method. This program includes the systematic addition
of blank samples and certified standards to each batch sample sent
for analysis at commercial laboratories. Blank samples are used to
check for possible contamination in laboratories while certified
standards determine the analytical accuracy and precision. Drill core
samples from the drilling program were assayed at SGS Canada Inc., in
Lakefield, Ontario. 
This news release has been prepared by David Rivard, P.Geo.,
Vice-President Exploration of Beaufield, the Qualified Person under
section 43-101. 
About Beaufield: 
Beaufield is a mineral exploration company with its exploration
activity focused on Quebec. 
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 Company cannot provide any guarantee as to the
materialization of the expectations reflected in these
forward-looking statements. The Company 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. Depending on
exploration results and available financing, the Company may at any
point modify the suggested future work program. 
Figures are available at the following address:
http://media3.marketwire.com/docs/bfd1119.pdf 
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. 
Contacts:
Kevin Weston
President
514.842.3443
514.842.3306 (FAX)
kevinw@beaufield.com
www.beaufield.com
 
 
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