Beaufield Plans $2,000,000 Exploration in 2013

Beaufield Plans $2,000,000 Exploration in 2013 
MONTREAL, QUEBEC -- (Marketwired) -- 05/01/13 -- Beaufield Resources
Inc. ("Beaufield" or the "Company") (TSX VENTURE:BFD) is pleased to
announce its exploration program for the remainder of 2013 with a
budget of a minimum of $2,000,000. In addition to the exploration
budget Beaufield has a working capital that totals approximately
$4,500,000. The summer program will be active and productive
representing optimum capital utilization in the current market. 
Opinaca Property: Budget $980,000 
Beaufield has completed an analysis of all previous data which has
been accomplished in house and via consultants. 
A series of drill targets have been prepared based on positive
surface gold sampling, previous drilling, Induced Polarization
anomalies, structural complexity and geology similar to Goldcorp's
Eleonore. Surface sampling on the property has uncovered an area with
many gold showings and with alterations similar to those found in the
Eleonore deposit.  
The Beaufield Opinaca property shares a long boundary and common
geology with Goldcorp's Eleonore property which is scheduled for
600,000 oz gold production per year starting in 2014. This follows an
investment of approximately $1.4 billion. The expanding gold camp is
being referred to as "the new Red Lake". Access to the property has
greatly improved this year with the completion of the road that leads
to the mine and will facilitate exploration, logistics and reduce
operational costs for Beaufield. 
The drill program is planned to total approximately 2,500 metres and
is planned for July 2013 when weather conditions will be ideal. 
Beaufield holds a 100% interest. The property is located within the
Opinaca reservoir area, approximately 320 kilometres north of the
town of Matagami in the James Bay area, northern Quebec 
Tortigny Property: Budget $200,000 
The Tortigny Base Metal deposit was enhanced by recent Beaufield
work. The list below compares the numbers: 


 
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                                   Total                                    
Company           Year   43-101     tons      %Cu     % Zn   g/t Ag   g/t Au
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Noranda           1997       No  489,800     2.12     6.15    60.08     0.31
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Beaufield/SGS     2013      Yes  845,000     2.01     4.29    55.29     0.39
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In January 2013, Beaufield received the final National Instrument
43-101 ("NI 43-101") compliant Technical Report entitled "Technical
Report on the Tortigny Deposit Mineral Resource Estimate" (the
"Technical Report"). 
An analysis of the report and data surrounding the Tortigny deposit
is currently underway. Beaufield geologists believe that other
deposits could be located in the vicinity of Tortigny, as volcanic
massive sulfides deposits typically occur as clusters. New
exploration will also focus on locating the source of several base
metal boulders in the southern portion on the project. Boulders of
this nature are commonly close to the actual source. One large
boulder assayed 3.0% Cu, 2.7% Zn, 8 g/t Au and 30 g/t Ag and another
assayed 0.1% Cu, 15.6% Zn, 0.3 g/t Au, and 15.8 g/t Ag.  
Beaufield has planned whole rock geochemical studies combined with a
thorough lithological and structural interpretation to allow a better
understanding of the geological setting of the deposit. Also the
potential hydrothermal alteration signature, base on geochemical
analysis, will be developed in order identify massive sulfide systems
in the area. The field program is scheduled to begin in June. 
Beaufield holds a 100% interest in the-Tortigny property located
approximately 100 kilometres northwest of the town of Chibougamau,
Quebec with year-round road access. A significant attraction of the
property is the Tortigny base metal deposit discovered in the 1990's
by Noranda Inc., the predecessor of Falconbridge and Xstrata. 
Schefferville Property: Budget $30,000 
Beaufield's Schefferville iron property covers 40,100 hectares in the
centre of the rapidly developing Schefferville iron camp in Quebec.
Beaufield is surrounded by Tata Steel Minerals, New Millennium Iron,
Labrador Iron Mines and Century Iron Mines. 30% of Beaufield's
holdings is within 15 kilometres of Tata's new $800 million Direct
Shipping Ore ("DSO") plant and adjacent to the Labrador Iron Plant. 
Beaufield's fieldwork and 2012 drilling totalling 2,147 metres
demonstrated the presence of DSO and Taconite at a number of
locations. 
Beaufield plans to engage a Schefferville geologist to review all old
IOC (Iron Ore Company) drill data on its property to be integrated
with the 2012 drilling to understand the DSO potential. Over 150
holes were drilled by IOC on what is now Beaufield's claims during
the period 1940 to 1970. The substantial IOC work further confirms
the property's potential. Beaufield will continue to work with SRK
Consulting of Toronto which previously completed the Independant
Technical report on the Schefferville property. SRK is currently
reviewing data from 2012 drilling program and will also assist with
further work recommendations for the property.  
In an area where infrastructure is key, Beaufield holds a prime
position. Beaufield is unique in the area by owning 100% of its
properties with no third party payments. It is likely that the
Schefferville budget will be expanded.  
About Beaufield: 
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 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.  
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:
Jens E. Hansen, Interim President and CEO
514.842.3443
514.842.3306 (FAX)
info@beaufield.com
www.beaufield.com
 
 
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