Richfield Ventures Corp. Extends Blackwater Southward with BW 97
14.12.2010 | CNW
QUESNEL, BC, Dec. 14 /CNW/ - Richfield Ventures Corp. (TSX.V: RVC) ("Richfield" or the "Company") is pleased to report drill results for five diamond drill holes on the Blackwater Gold Project approximately 100 km south of Vanderhoof, BC.The five holes are collared over a distance about 1000 metres west to east on the 100% owned part of the Blackwater Gold Project. All holes returned anomalous gold values to depths in excess of 300 metres. Holes are targeted to explore and delineate the bulk gold deposit developing at the Blackwater Gold Project.
DDH From
(m) To (m) Intvl (m) Au g/t Ag g/t
BW 93 149 181 32 0.61 1.1
BW 94 3.05 21 17.95 3.86 9.5
incl 19 21 2 30.82 54.0
BW 94 42 52 10 0.53 0.9
BW 94 164 173 9 2.27 1.1
BW 94 329 346.86 17.86 0.65 2.9
BW 95 105 139 34 0.82 1.8
incl 105 116 11 1.71 2.3
and incl 124 133 9 0.64 2.3
BW 95 194 219 25 0.94 2.1
BW 97 3 53 50 0.86 5.4
BW 97 74 195 121 0.84 5.4
incl 106 119 13 2.19 11.9
BW 97 253 260 7 1.18 3.4
BW 97 returned good gold values from surface to about 200 metres deep, with scattered gold mineralization deeper in the hole. BW 97 is south of mineralization known to date and extends the mineralized zone southwest. It leaves open possibility of further extension.
BW 93 and 94 are 50 m apart and about 150 metres west of BW 97. Both holes returned gold in narrow ore grade intervals over much of their depth, but both are less strongly mineralized than elsewhere. The holes define lower grade mineralization within the larger mineralized zone.
BW 95, southwest of the mineralized zone, returned mineralized intersections between 100 and 240 metres deep. As with BW 53, an earlier hole drilled in this area, it suggests mineralization may weaken in this direction.
BW 96 is north of known mineralization in the Jarrit claim. Between 220 and 340 m deep gold values are anomalous; the rocks are strongly silicified reflecting the alteration associated with the Blackwater deposit.
Peter Bernier, President and CEO observed "We are encouraged by the 170 metres of near 1 g/t material in BW 97. It extends the zone southward and leaves space for expansion there. These latest five drill holes show that we continue drilling within the gold system."
Upon completion of BW 115 and 116 in mid-December, Richfield will be breaking for the holidays until late January. Results for the remaining 19 holes will be released as they are received.
Drill map, sections and strip logs for individual holes reported herein will be posted on the company website.
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 246 quality control samples (12.8 % of all 1918 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 Nechako Plateau region of British Columbia.
On behalf of the Board of Directors of Richfield Ventures Corp.
"Peter Bernier"
Peter Bernier, President
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.
Certain statements in this press release may be considered forward-looking information, which, in many cases, can be identified by use of words such as "may", "will", "expect", or "plan". Such information involves known and unknown risks, uncertainties and other factors -- including the 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 -- 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, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information:
Peter Bernier, President
Richfield Ventures Corp.
101-242 Reid Street
Quesnel, BC V2J2M2
Toll Free 1-877-992-6644
Phone: (250) 992-6644
Fax: (250) 992-6643
pete@richfieldventures.ca
www.richfieldventures.ca