VANCOUVER, British Columbia, May 2, 2007 (PRIME NEWSWIRE) -- Bayfield Ventures Corp. (TSX-V:BYV) (Frankfurt:B4N) announces the successful completion of its winter exploration program on its Block "B" project in the Rainy River area, northwestern Ontario. The Block "B" property is located in Richardson Township adjacent to the immediate east of Rainy River Resources new gold discovery area including the ODM zone, No. 17 zone and the 433 zone.
Rainy River Ontario Claims Map:
http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif
A ground grid totaling 38 km was established on the property and was covered with a horizontal loop electromagnetic survey and a magnetometer survey. The property was surveyed in a tight grid fashion with lines at 50 metre intervals to allow the Company to collect the maximum of geophysical data as needed to establish a detailed diamond drill program for spring / summer 2007.
The magnetic survey data clearly demonstrates the location and trend of a mafic/ultramafic geological unit known to exist on the Block "B" property. More importantly, the magnetic data delineates several cross cutting faults that offset or displace the mafic/ultramafic rocks here. Several moderate to strong bedrock conductors have also been identified with the horizontal loop electromagnetic survey. These important conductors correspond to areas of faulting and the margins of the mafic/ultramafic unit.
Claim Block "B" Magnetic Survey Data:
http://www.bayfieldventures.com/i/maps/BYV-RR-B-MagSurveyData.gif
The Company has also just completed an overburden drill program on the Block "B" project, with tills sampled at 13 drill sites on the property using a reverse circulation drill. Average depth of samples taken on the "B" Block is approximately 25 metres below surface. Twenty till samples were taken with 6 till samples assaying from 150 ppb gold to in excess of 32,000 ppb gold have been identified by Overburden Drilling Management Ltd Laboratory. These samples are located just down ice from two of the strong conductors identified on Block "B" and appear related to a north-northeast trending crosscutting structure.
Claim Block "B" Overburden Drill Holes with Gold Assays:
http://www.bayfieldventures.com/i/maps/BYV-RR-B-ppm-au.gif
Bayfield Ventures believes that the coincidence of geological structure, bedrock conductivity, and strongly anomalous gold in till suggest these targets have very high potential to host gold mineralization. The Company is of the opinion that the moderate to strong conductors associated with the mafic/ultramafic rocks are similar to the No. 433 zone and the No. 17 zone on the adjoining Rainy River Resources property.
A drill program consisting of 5 - 6 holes is planned as an initial test of both the structural and conductive settings on the property. The drill program will commence end of May, 2007.
Bayfield Ventures Corp. is actively involved in the exploration for gold in northwestern Ontario and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.
For further information on Bayfield Ventures Corp. (TSX-V:BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Don Myers"
DONALD G. MYERS
Director
The TSX Venture and Frankfurt stock exchanges have not reviewed and do 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 and Exchange Commission.