Saturday 25th March 2017

Resource Clips


Posts tagged ‘Beaufield Resources Inc (BFD)’

BonTerra Resources closes $14-million bought deal to fund Windfall Lake-area drilling

March 2nd, 2017

by Greg Klein | March 2, 2017

Clearly Osisko Mining’s (TSX:OSK) not the only company attracting money to the region. BonTerra Resources’ (TSXV:BTR) private placement began with a $6-million offer early last month that was raised three times to close March 2 at $13.97 million. That’s not including a non-brokered $1.02 million expected to close mid-month.

BonTerra Resources closes $14-million bought deal to fund Windfall-area drilling

A fresh financing supports BonTerra’s quest for high-grade gold.

The news follows $82 million in financings that Osisko closed on February 28. BonTerra’s Gladiator project sits about six kilometres south of Windfall Lake, where Osisko’s high-grade gold has attracted a busy area play to the Abitibi’s Urban Barry greenstone belt. Among other companies in the area, Beaufield Resources TSXV:BFD closed a $6-million bought deal a week earlier.

Acting as lead underwriter for BonTerra was Sprott Capital Partners, a division of Sprott Private Wealth LP. Eric Sprott invested $3.89 million, raising his stake in BonTerra from 0.3% to about 10.3%.

Assays reported last month from Gladiator reached as high as 16.8 g/t gold over 3.8 metres, which followed a standout of 15.7 g/t over 8.5 metres released two days earlier. The company hopes to connect zones across a 1.2-kilometre potential strike and update the resource. The 2012 inferred category came to 905,000 tonnes averaging 9.37 g/t for 273,000 gold ounces at a 4 g/t cutoff. The deposit remains open in all directions.

BonTerra’s Larder Lake project in Ontario features two historic, non-43-101 resources: Bear Lake with 683,000 gold ounces inferred, and Cheminis with 43,800 gold ounces indicated and 233,400 ounces inferred. Larder Lake has a 43-101 underway, incorporating another 25,000 metres of drilling.

Read more about BonTerra Resources.

Beaufield reports Quebec Assays of 115.97 g/t Silver, 0.94 g/t Gold over 14m

April 21st, 2011

Beaufield Resources Inc TSXV:BFD announced results from the Tortigny area of its Troilus Property in Quebec. Assays include 96 g/t silver and 3.99% copper over 6.7 metres, 0.94 g/t gold, 115.97 g/t silver and 4.44% copper over 14 metres, 70.42 g/t silver and 2.82% copper over 3.8 metres, 0.94 g/t gold over 4.3 metres, 70.87 g/t silver and 2.17% copper over 22 metres, 0.63 g/t gold, 99.82 g/t silver and 3.28% copper over 14.3 metres, 124.09 g/t silver and 5.37% copper over 4.1 metres, 0.72 g/t gold, 134.55 g/t silver and 5.17% copper over 39.4 metres, 0.78 g/t gold, 66.43 g/t silver and 2.32% copper over 18.5 metres.

One diamond drill is still on site at Tortigny and will be ready to drill test new geophysical targets in the following weeks.

View Company Profile

Contact:
Beaufield Resources Inc
613.721.2919

by Ted Niles

Beaufield reports Quebec Assays up to 1.04 g/t Gold, 89.14 g/t Silver over 13.8m

February 7th, 2011

Beaufield Resources Inc TSXV:BFD announced assay results from the Tortigny area of its Troilus Property in Quebec. Highlights include 1.04 g/t gold and 89.14 g/t silver over 13.8 metres, 0.47 g/t gold and 58.97 g/t silver over 25.3 metres (including 2.74 g/t gold and 230.1 g/t silver over 3.1 metres), 0.55 g/t gold and 72.31 g/t silver over 37.7 metres, and 1 g/t gold and 129.39 g/t silver over 11.5 metres (including 2.96 g/t gold and 233.48 g/t silver over 1.5 metres.

Tortigny hosts a copper-zinc-silver deposit with a historic, non-NI 43-101 compliant mineral resource estimate of 489,900 tons at 2.21% copper, 6.15% zinc, 61.08 g/t silver and 0.31 g/t gold.

View Company Profile

Contact:
Beaufield Resources Inc
613.721.2919

by Ted Niles