GOLD: Beaufield expands Urban drilling, adds more property

QUEBEC – Beaufield Resources of Montreal is encouraged by the results of the winter program at its Urban property, adjacent to Osisko’s Windfall project. The assays may not be bonanza grade – 0.54 g/t gold over 4.00 metres, 0.16 g/t over 2.00 metres, and others less than 0.5 g/t over a metre – but they are from depths of less than 200 metres below surface. [caption id="attachment_1003718535" align="alignright" width="300"] Beaufield’s Windfall East acquisition. Credit: Beaufield Resources.[/caption] Beaufield announced its intention to expand drilling at Urban with another 10,000 metres planned over the next three months. A high definition, airborne electromagnetic survey will also be flown over parts of the property. Beaufield has also acquired a 100% interest in the Windfall East property from Alto Ventures. The 299-hectare plot also adjoins the Windfall property.  Beaufield will pay Alto $300,000 in cash and issue 2.75 million shares to Alto. Beaufield will also subscribe to 2.9 million shares of Alto at $0.12 per share for proceeds of $350,000. Alto will retain a 1% net smelter royalty with a buyback provision for 0.5% of the NSR by Beaufield for $1 million. Visit www.Beaufield.com for maps of various gold projects in the Urban-Windfall gold district.