QUESNEL, BC, Jan. 12 /PRNewswire/ - Richfield
Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is
pleased to report drill results for five diamond drill holes on the
on 100% Richfield owned ground Blackwater Gold Project
approximately 100 km south of Vanderhoof, BC.
Drill hole BW 103 was collared near the western
edge of the gold zone, 73 m southwest of BW 68 (227 metres of 1.51
g/t Au including 66 metres of 3.65 g/t- NR July 26, 2010) and 157
metres southeast of drill hole BW 71 (BW 71 averaged 281.8 metres @
1.40 g/t Au, including 31 metres of 5.01 g/t Au- NR Sept 2,
2010). Assay results, shown in the chart below, confirm an
extension of the gold system in this area as well discovery of a
second higher grade zone at
depth.
The remaining drill holes BW 98, BW - 99 and BW
102, fence off the western boundary of the gold zone.
DDH |
From (m) |
To (m) |
Intvl (m) |
Au g/t |
Ag g/t |
BW 103 |
40 |
262 |
222 |
1.23 |
5.5 |
incl |
135 |
254 |
119 |
1.85 |
7.5 |
BW 103 |
332 |
362 |
30 |
2.52 |
12.3 |
BW 102 |
185 |
328 |
143 |
0.58 |
1.48 |
incl |
291 |
328 |
37 |
1.24 |
9.8 |
BW 99 |
17 |
137 |
120 |
0.31 |
6 |
incl |
127 |
137 |
10 |
1.26 |
12.7 |
BW 99 |
172 |
195 |
23 |
0.37 |
1.4 |
BW 98 |
183 |
205 |
22 |
0.56 |
4.2 |
BW 98 |
130 |
162 |
32 |
0.59 |
3.7 |
Exploration drilling in BW 100, testing a
chargeability anomaly, about 1500 metres south of the centre of
mineralization did not intersect gold mineralization. BW 101
was drilled for a water well to supply the drilling through the
winter.
Results for thirteen remaining holes will be
released as they are received. The next phase of drilling will
commence in late January 2011.
Drill map and strip logs for individual holes
reported herein will be posted on the company website.
http://www.richfieldventures.ca/s/Blackwater.asp?ReportID=379109
Also see drilling results at
http://www.corebox.net/properties/blackwater/index.php?deposit=510
Widths reported are drill widths; true widths are unknown. Assays
are uncut, length-weighted average values.
Quality Assurance
Richfield has implemented a rigorous quality
assurance/quality control program at the Blackwater property using
best industry practice and supervised by Dirk Tempelman-Kluit. The
program includes chain of custody of samples from drill to
laboratory. Drill core is sawn in half at the property and for each
sample half of the core from one metre intervals is placed in
plastic bags and sealed. The remainder is retained in core boxes
stored at the project camp.
A standard sample, a blank sample, or a
duplicate sample is inserted into the sample stream every tenth
sample. Three certified ore assay laboratory standards are used in
the program, and are supplied by CDN Resource Laboratories Ltd., an
independent laboratory located in Langley, BC. Samples including
the blanks, standards and duplicates, are shipped by bonded courier
to Eco Tech Stewart Group Laboratories in Kamloops, BC, an
internationally recognized analytical services provider. Rejects
selected at random are sent to Acme Labs of Vancouver, BC for check
assays. In total 244 quality control samples (14.3 % of all 1707
samples) were analyzed. Richfield detected no significant QA/QC
issues during review of the data.
The scientific and technical information
contained in this news release was prepared under the supervision
of Dirk Tempelman-Kluit Ph.D, FGAC, VP Exploration for Richfield
Ventures Corp, and has been reviewed by Rob Pease P.Geo., who is a
"Qualified Person" as defined under National Instrument 43-101.
About Richfield Ventures Corp.
Richfield Ventures Corp. is a public mineral
exploration company trading on the TSX Venture Exchange under the
symbol RVC. Richfield has been actively acquiring and exploring
mineral tenures in the Quesnel Trough and Nechako Plateau regions
of British Columbia.
On behalf of the Board of Directors of Richfield
Ventures Corp.
"Peter Bernier"
Peter Bernier, President
Certain statements in this press release may be considered
forward-looking information, including those relating to the
"expectations", "intentions" or "plans" of the Company. Such
information involves known and unknown risks, uncertainties and
other factors -- including the approvals of regulators,
availability of funds, the results of financing and exploration
activities, the interpretation of drilling results and other
geological data, project cost overruns or unanticipated costs and
expenses and other risks identified by the Company in its public
securities filings -- that may cause actual events to differ
materially from current expectations. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Richfield Ventures Corp.
Copyright . 12 PR Newswire