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Bayfield intersects 1,414.55 grams per tonne silver over 1.10 metres at Rainy River

Bayfield Ventures (CVE:BYV) Tuesday announced additional significant silver intercepts on its 100%-owned Burns Block property in the Rainy River District of north-western Ontario.

Shares were up 3.92% at 53 cents as at 11.23 am EDT.

Of the intercepts, the company encountered 1,414.55 grams per tonne (g/t) silver over 1.10m in hole RR10-52, occuring with previously reported 89.95 g/t gold. At north fence hole RR10-43 the company found 35.35 g/t silver over 14.0m and at central fence hole RR11-7 it encountered 11.90 g/t silver over 23.4m. Gold and silver assays are pending for 37 recently completed holes at Burns Block.

The company said that silver mineralization is an important part of the precious metal mineralization being delineated at the Burns Block property. Locally, silver values are very high and will likely add significant value to the project.

The Burns Block is situated adjacent to the east and on strike to Rainy River Resources' (CVE:RR) multi-million ounce gold deposit. Rainy River's latest NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 g/t gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 g/t gold.

Bayfield said it has restarted the drilling of the Burns Block following a three week shutdown to allow assay data to catch up with the drilling program. In addition, surface sampling of outcrops in the northeast portion of the property is being done to help define the trend of newly discovered, near surface gold/silver mineralization.