Thursday, October 21, 2010

BYV NEWS CAUSES SELL-OFF

Panicked investors headed for the exits today on drilling news.

October 21, 2010
Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce significant near-surface drill results well north of previously released holes, in an area known as the North Gold Zone, on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) multi-million ounce gold deposit. Rainy River Resources' NI 43-101 compliant resource included 2.37 million ounces of gold at 1.3 g/t in the indicated category and 2.66 million ounces of gold at 1.2 g/t in the inferred category.

Price Change % Change Volume Day High/Low 52 Week High/Low
1.01  -0.12 -10.62% 1,615,511 1.01/0.93 1.38/0.11

Check out the companies web site for the full story.

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