Bayfield drills 79.50m of 8.66 g/t gold and 57.67 g/t silver including 11.2m of 60.05 g/t gold and 362.96 g/t silver at Rainy River, NW Ontario

Highlights:

• Initial results from Far North Fence Drilling include 79.50m of 8.66 g/t Au and 57.67 g/t Ag (starting at a down hole depth of 15.5m) including a bonanza grade zone of 11.20m of 60.05 g/t Au and 362.96 g/t Ag in hole RR11-71 (see chart below).

• This new bonanza grade intercept in hole RR11-71 falls within the up-plunge projection of the modeled mineralized shoot. The total linear plunge distance between the bonanza grade zones in holes RR10-18 and RR11-71 is approximately 600m.

• The new drill fence, known as the Far North Fence, is an east-west exploratory fence that has been established in a position 60m north of the existing North Fence. The purpose of the new fence is to test the near surface portion of the mineralized zone that has only partially been delineated on the Burns Block to date.

• The second Far North Fence drill hole returned 43.8m of 1.02 g/t Au and 28.15 g/t Ag including 9.0m of 3.25 g/t Au and 96.34 g/t Ag in hole RR11-70.

• Additional drilling to the west and east along the new Far North Fence is progressing rapidly while the other two drill rigs continue to expand the South, Central and North Fences.

• Assays are pending for fifteen additional holes.

Discussion of Results from Hole RR11-71:

The Far North Fence has been planned for several months and represents an aggressive drill exploration program focused in the near surface, up-dip portion of the partially delineated gold-silver mineralized zone at the Burns Block. The position of the high grade gold and silver zones discovered by Bayfield last year in holes RR10-15 and RR10-18 strongly suggested that the rich mineralization was confined to a SSW plunging shoot of very similar geometry to other high grade zones roughly outlined by Rainy River Resources to the west of the Burns Block. Previously released hole RR10-18 intersected 35.93 g/t Au and 359.65 g/t Ag over 10.0 metres while hole RR10-15 intersected 12.88 g/t Au and 39.26 g/t Ag over 9.0 metres.

The new bonanza grade intercept in hole RR11-71 falls within the up-plunge projection of the modeled mineralized gold-silver shoot on the western portion of the property thereby expanding the known high grade zone to the northeast. The total linear plunge distance between the bonanza grade zones in RR10-18 and RR11-71 is approximately 600 metres. The continuity of mineralization within this shoot has been difficult to establish but continued success strongly supports the presence of a discrete structural zone which hosts significant high grade gold-silver mineralization in a SSW-NNE orientation.

Updated Burns Block drilling exploration map: http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg.

The new high grade intercept in hole RR11-71 lies within a broad halo of sub-gram level to multi-gram level gold and silver mineralization that is contained within the well-established west-east trending zone of strong foliation, sericite alteration, locally intense deformation and highly variable pyrite mineralization. This pattern of high grade zones lying within lower grade mineralized halos has been seen at the Burns Block many times during the continuing exploration and delineation drill program.

Gold and silver assays from the wide mineralized interval in hole RR11-71 are presented in summary form in the table below. The true width of the zone in RR11-71 is estimated to be approximately 70%-80% of the listed down hole interval lengths.

Read the full news release here. Image of drill rods is from Bayfield Ventures.