Bayfield Ventures Corp. (CVE: BYV) (OTC: BYVVF) revealed Thursday additional assay results from its Burns Block gold-silver project in northwestern Ontario, which the company says show continuity of high grade mineralization. 

Bayfield Ventures' (CVE:BYV) flagship Burns Block property is located in the infrastructure-rich, mining friendly jurisdiction of northwestern Ontario – in an area that makes the company a potential takeover target.

Bayfield’s CEO, Jim Pettit, told Proactiveinvestors that the Burns Block is basically a rectangular block in the middle of Rainy River's property, and since 2010, Bayfield has completed about 70,000 metres of diamond drilling from the western border heading east, and is budgeted for another 30,000 metres of drilling in 2012.

Bayfield has launched a major drilling campaign at its 100% owned Burns Block Property, which sits on the eastern perimeter of the conceptual open pit proposed by Rainy River Resources. 

The new DFS for Aureus's New Liberty gold mine in Liberia has increased the net present value of the asset, and points to lower operating costs and improved proven plus probable reserves.

Amid declining gold prices, several miners are struggling to keep costs down, but Sacre-Coeur Minerals (CVE:SCM) (OTC:SCRMF) is not one of them. The company boasts all-in cash production costs of less than $500 an ounce at its alluvial/elluvial operations in Guyana. 

Sunridge Gold Corp. (CVE:SGC)(OTCQX:SGCNF) has done exactly what it set out to do last year in releasing a feasibility study for its Asmara project in Eritrea that minimizes the capital exposure in a challenging time for Canadian juniors, with the company now having a plan to start initial production almost one year earlier than the preliminary report. 

Jennings Capital analyst Dan Hrushewsky has highlighted what he called Asanko Gold's (TSE:AKG) "good project economics" at the Esaase gold project in Ghana, saying the company ranks first of all Canadian gold companies on its radar in terms of cash as a percentage of market cap. 

Gold, silver and antimony miner Mandalay Resources (TSE:MND) has issued a strong message of intent with a promise to pay 6% of net future revenues in dividends. Mandalay announced a dividend for the quarter of C$0.769 in line with this new policy.