MONTREAL, QUEBEC–(Marketwired – April 26, 2016) – Beaufield Resources Inc. (“Beaufield”) (TSX VENTURE:BFD) has staked 76 additional claims totaling 4,142 hectares for potential lithium on its western boundary at Troilus, Quebec. Beaufield’s current claims, which it has held for more than 10 years, surround the Moblan Lithium deposit (14.25 Million Tonnes of 1.41% LiO2) owned by Soquem Inc and Perilya Limited. Moblan is located 2.5 kilometres west of Beaufield’s 100% owned Tortigny copper-zinc-silver-gold deposit and the property is intersected by the Route du Nord, which is the main road that leads to Nemaska Lithium Inc’s Wabouchi project. A map indicating the additional claims staked is available at the following link:
Previous geological work by Beaufield in the area identified several pegmatite dykes with lithium bearing minerals such as Spodumene and Lepidolite on Beaufield’s claims. Beaufield’s focus at that time was for base metals, and the lithium bearing structures were not followed up. With significant recent activity in the nearby Wabouchi area and the potential of Moblan, a detailed examination of Beaufield’s holdings is warranted. A field program will be undertaken in June to assess the lithium occurrences on the property.
In addition to the lithium occurrences that are located on Beaufield’s property, several of Moblan’s lithium occurrences are located within 50 metres of Beaufield’s boundary as indicated on the map (available at the following address : http://media3.marketwire.com/docs/1052088_Troilus_Lithium_Map.pdf).
Jens Hansen President and CEO of Beaufield, stated: “We are pleased to take advantage of this new opportunity, which is easily accessible given the area’s excellent infrastructure. Beaufield’s main focus however remains Urban where drilling is scheduled for May. A summer work program on the Eleonore property, which adjoins Goldcorp’s new mine, is under consideration. We are closely monitoring the recent exploration success that Sirios Resources Inc. has had on its nearby Cheechoo property.”
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.
Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed with approximately $3 million in cash, has no debt and has excess work credits on its properties.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.