Dear Alphastox Subscribers,
I wanted to profile Beaufield Resources (TSXV:BFD) here on Alphastox because I think the company could be set for a positive year. Although it is still a little too early for me to take it on and introduce it to my network, I do think it is a good one to keep on the radar screen and watch the company grow. The company has diversified properties with exposure to gold, base metals, and iron, all located in eastern Canada. The company is focused on building shareholder wealth by acquiring, exploring and developing high-quality exploration prospects resulting in discovery. Management is working hard towards adding real value for its shareholders and once I feel it is ready to be showcased to my subscribers, I will take it on as a client- so definitely stay tuned! Here is brief overview of the company and I encourage all of you to take a look at their website here for more information.
Mathieu Stephens, Senior Geologist with Beaufield Resources (BFD.V) talks with Resources Investing News. I highly encourage everyone to take a look at the video here:
Beaufield Resources (BFD.V) has four main assets:
High-grade base and precious metal deposit located near surface
Located 1.5km from all weather and maintained road
43-101 compliant resource calculation completed
Updated resource calculation underway (ETA July 2014)
Large land package prospective for further discoveries
100% owned with no royalties
Metals of Interest:
The Project is located in the active Abitibi Greenstone belt approximately 70 kilometres northeast of Rouyn-Noranda and 80 kilometres northwest of Val d’Or. It is accessible via highway 111, 35 kilometres west of Amos where all accommodations, supplies and services are available. Power and rail lines cross the property. The property consists of 136 claims or 56 square kilometres and adjoins Royal Nickel’s Dumont Nickel property. The gold occurs in altered, mineralized granite which has been traced for at least 3 kilometres. Two zones have seen limited near surface drilling namely Zone 75 and the Principal Zone. The area remains to be fully explored along strike and at depth. There is potential for a significant open pit gold resource.
Beaufield has an option for 50% and only 10% was earned. Under the terms of an option and joint-venture agreement signed in November 2013, Beaufield has the option to earn an interest of up to 50% in the Launay gold project by incurring exploration expenditures aggregating $1,250,000 over five years, Beaufield will earn 10% interest for each $250,000 of exploration expenses. To date Beaufield has earned a 10% interest.Melkior is the operator on the project.
Beaufield considers the Launay property to have significant potential for a large tonnage gold deposit in an area with excellent infrastructure. Recent drilling by Beaufield-Melkior in 2013 and 2014 on Zone 75 has revealed wide near surface gold mineralized intersections:
Stock Structure (As of February 28th, 2014)
Shares Outstanding: 111,281,519
For more information on Beaufiled Resources (TSXV:BFD) , please do not hesitate to get in touch with me anytime at firstname.lastname@example.org. I look forward to hearing from you.
Dislcosure: Transcend Resource Group has been paid a fee for advertising Beaufield Resources on Alphastox.com