Promising results for BHP, Bayfield in Mongolia

BHP Billiton has identified four prospective coal targets from its exploration work at partner Bayfield Ventures’ Navtgar Uul Property in the South Gobi region of Mongolia.
Promising results for BHP, Bayfield in Mongolia Promising results for BHP, Bayfield in Mongolia Promising results for BHP, Bayfield in Mongolia Promising results for BHP, Bayfield in Mongolia Promising results for BHP, Bayfield in Mongolia

Courtesy Bayfield Ventures Corp.

Angie Tomlinson

Bayfield recently received a preliminary report on reconnaissance field operations on its mineral licences under option to BHP Billiton, which according to Bayfield showed “at least four targets warranting further follow-up”

In June 2005, BHP Billiton signed an option agreement to earn a 51% interest in all three of Bayfield's Mongolian properties. BHP Billiton started its exploration program in October 2005.

BHP Billiton can earn a 51% interest in Bayfield's Mongolian properties by incurring $US1.25 million exploration expenditures on the properties before the end of 2007.

The 105,407ha Navtgar Uul property is about 50km southwest of the largest coal deposit in Asia, the Tavan Tolgoi coking coal deposit (5 billion tonnes estimated), and south of the recently announced coal discovery by QGX on their Baruun Naran licence.

BHP is currently conducting a Falcon airborne geophysical program over Navtgar Uul, which will be used together with a remote sensing study and ground geological mapping to outline drilling targets.

A Falcon airborne survey is also planned over the Hurmen Uul licence, a second property held by Bayfield and also under option to BHP Billiton. The survey will be completed by early spring 2006.

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