Beaufield Resources (BFD-V) Aug 12, '16 is pleased to report it has acquired 139 new claims totaling 7,284 hectares in Baie James, Quebec. The claims are located along the interpreted extension of the Eleonore-Cheechoo gold corridor, approximately 40 kilometres southeast of the Sirios (SOI-V) Cheechoo project.The majority of the 100% owned claims were acquired by map staking and 13 of the claims where purchased from vendors for an amount of $20,000 in cash, and are subject to a net smelter return of 2%. Several gold occurrences have been identified on the property but data indicates that the property has never been drilled.
Companies actively exploring the area, include Osisko, Midland Exploration and Sirios Resources as indicated on the adjoined map: http://media3.marketwire.com/docs/eleonore%20map.pdf.
Qualified Person
This news release has been prepared by Mathieu Stephens, P.Geo., Vice President of Exploration and Corporate Development for Beaufield, the Qualified Person, as defined by National Instrument 43-101.
About Beaufield:
Beaufield is a well financed mineral exploration company currently drilling in Urban and with its exploration activity focused in Quebec. Please refer to Beaufield's website to view the company's properties in Urban, Eleonore-Opinaca, Troilus and elsewhere. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.
Jens E. Hansen
President and CEO
514.842.3443
Mathieu Stephens
VP Exploration and Corporate Development
613.721.2919
info@beaufield.com
www.beaufield.com
Investor Relations Europe
Kai Hoffmann, Soar Financial Partners
+49 69 175 54832 0
bfd@soarfinancial.com
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