VANCOUVER, British Columbia, Oct. 25, 2004 (PRIMEZONE) -- Bayfield Ventures Corp. (TSX Venture Exchange:BYV) announces that it has contracted a geological consulting company to implement a two phase mineral exploration and geological survey of its 100% owned Hanbogd-2 and Navtgar Uul Licensed Fields that are located in the south central area of the Galba Gobi region of Mongolia. Mine-Info Mineral Consulting of UlaanBaatar, Mongolia, will commence immediately with an exploration program that will consist of an initial reconnaissance survey and will involve the compilation and assessing data of earlier established mineralization points, geochemical and geophysical anomalies. This initial stage of exploration will allow for the identifying of mineralized features in selected areas of the mineral licenses. Localized geological surveys will then be conducted on the areas, differentiated as geologically attractive in terms of the mineral features exhibited. This will consist of detailed mapping, in-depth sampling (rock and geochem) and assaying, and prospecting. A program of establishment of grids, geochemistry (soils and stream sediment), and geophysical surveys will then follow.
The licensed area of the Hanbogd-2 (No. 6860) is located in the eastern part of the Hanbogd Mountains, and the central part of Galba Gobi. The Licensed area of the Navtgar Uul (No. 6861) is situated in the territory of Nomgon and Bayan Ovoo. Both properties are in the Gobi region approximately 650 km south of the capital UlaanBaatar, Mongolia. Bayfield holds licenses to approximately 300,000 hectares (750,000 acres) in the South Gobi region. The Hanbogd-2 license is geologically situated about 60 km to the east of Ivanhoe Mine's Oyu Tolgoi /Turquoise Hill base metal and gold discovery in the South Gobi Region of Mongolia. This license is adjacent to Ivanhoe land holdings to the north. The Navtgar Uul license is located about 100 km to the west of Ivanhoe's Oyu Tolgoi discovery. Ivanhoe held land is adjacent to this property to the north and east.
Click Here For Map: http://www.bayfieldventures.com/projects/maps/mongolia.jpg
The Company also holds a 49% interest in the Baird Township property located in the central Red Lake area of northwestern Ontario. The Baird property, adjacent to the Claude Resources / Placer Dome property to the south, is currently under option to Placer Dome. Placer Dome has funded 2 drill programs, totaling 18,000 feet, on this project in the last 18 months.
In the Raglan region of Northern Quebec, Bayfield holds a 100% interest in the 25,000 acres Lac Letendre property adjacent to the Raglan Nickel-Copper Mine owned by Falconbridge Ltd.
Additional information on these projects can be found at www.bayfieldventures.com.
BAYFIELD VENTURES CORP. is actively involved in the acquisition, exploration and development of precious and base metal properties in the Red Lake region of Ontario and Raglan region of Northern Quebec, Canada, and in the South Gobi region of Mongolia.
ON BEHALF OF THE BOARD DONALD G. MYERS Director For further information contact me at: Bayfield Ventures Corp. Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@bayfieldventures.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.