Franklin River Cruises

Bayfield Ventures Cruises Wake Rainy River Resources "
By Rob Staianno
June 25, 2007

What Rainy River Resources (TSX VENTURE: RR) is in the district of Rainy River, near Kenora, Ontario, so its junior counterpart, Bayfield Ventures (TSX.V: GVA) also. Rainy River property; Bayfield's too. In fact, Bayfield, who owns three properties claim blocks A, B and C, the boundaries Rainy River Resources (RR) on their properties is limited, and adjacent properties on RR's far south and southwest as well. Bayfield Properties are ¾ of a mile from where RR is currently drilling - a stone in geologic terms.

Bayfield has something else in common with RR is geology. Bayfield President Don Huston explains: "We are at each end of them on strike. We are in the greenstone belt along major volcanic. We are delivering on what we think are very similar structures that Rainy River Resources and their precursors, Nuinsco has seen. So we think we have the opportunity, provided that they do. "

Possibility in this case also potentially strike the drilling results identical or similar to RR. For HR, this resulted in the doubling of prices of the company at more than $ 5 per share of approximately 12 months.

Bayfield began its exploration program on its current ownership claim in the spring and block B has been using the same methodology as RR used in the discovery of the ore body on the adjacent property. Huston said, "The drilling of deaths that we have done is the same methodology used by Rainy River Resources and Nuinsco before them over the last 8 years of development in search of their discovery of what they call their area 17 or MDGs in the area. "

Bayfield moving a diamond drill on the claim block A, B and C at times this summer shortly after the July 1 long weekend. The company plans a program of 10,000 m to 12,000 m consists of 12-14 holes, going after targets set in the winter exploration program.

Why imitate Rainy River? RR Press Release May 29 reported assay results from its ODM Zone, which includes highlights of 55.7 million grading 4.01 g / t gold, 27.8 g of 7.2 M / t gold. On 17 May, RR reported the results of analysis of 28.9 million of 5.19 g / t gold from the area of the MDGs. Previously, December 4, 2006, the company has 9m of 81.52 g / t gold. The upward pressure on these results, and the RR large property in the area, had a market capitalization of RR is clear, compare the market cap RR $ 225 million with a market capitalization of Bayfield less than $ 10 million.

Before RR, Nuinsco has exploration concessions. RR site explains the potential value of the property as described by a geologist Nuinsco. "In 1998, then under contract for Nuinsco, Dr. Lorne Ayers, a noted volcanologist and Dr. James Franklin, a former head of the Geological Survey of Canada found that 6 square kilometers of gold anomaly has been associated with a structure and Caldera polymetallic mineralization that was deposited as rich in gold, VMS deposits in shallow water. In addition, Dr. Franklin noted that, geochemically and geologically the Caldera structure was similar to the Bousquet, Noranda and Sturgeon Lake deposits. Although regarded as deposits of base metals, Noranda and deposits area Bousquet collectively host over 25 million ounces of gold. Deposits Bousquet region alone have a metal value gross more than $ 30 billion. "

An initial resource estimate on the property is RR expected shortly with the expected 2 million ounces of gold. Based on a gold price of U.S. $ 150/oz, which is well below current spot price of gold fluctuates around U.S. $ 650/oz, RR shares have a target value of $ 7.00 .

So far, Bayfield faces the calm waters they expected.