QUESNEL, BC,
Nov. 23 /PRNewswire/ - Richfield
Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is
pleased to report drill results for four diamond drill holes on its
Blackwater Gold Project approximately 100 km south of Vanderhoof, BC.
BW 91 returned very positive results. The top of
the hole cut 171 metres grading 3.13 g/t Au. This hole is 50 metres
south of BW 87 (115 metres @ 2.59 g/t Au including 57 metres of
4.79 g/t Au - see NR Nov 2, 2010). It
demonstrates southward continuity of the near-surface
mineralization between the two holes and leaves open the
possibility of further southward extension. BW 89, 91 and 92 are
all on 100% Richfield owned ground and are about 300 metres
west-northwest of BW 90.
BW 90, drilled 100 m east of BW 74 (231.96
metres of 0.75 g/t Au - see NR Sept 2,
2010) intersected 148 metres of 1.77 g/t Au. The hole also
intersected 39 metres of 3.06 g/t Au near the bottom. This hole is
on the Jarrit claim, where Richfield can earn a 100% interest. It
expands the mineralized zone at least 100 metres to the east and
remains open in that direction.
BW 89 intersected 35 metres of 0.82 g/t and 49
metres of 0.88 g/t in the upper 110 metres. Anomalous gold values
continue to the bottom near 400 metres.
BW 92 has gold mineralization throughout with
values in four broad zones from the bedrock-overburden contact to
315 metres.
DDH |
From (m) |
To (m) |
Intvl (m) |
Au g/t |
Ag g/t |
BW 89 |
10 |
45 |
35 |
0.82 |
6.7 |
BW 89 |
61 |
110 |
49 |
0.88 |
3.7 |
BW 90 |
71 |
219 |
148 |
1.77 |
8.5 |
INCL |
136 |
141 |
5 |
7.70 |
6.1 |
and incl |
148 |
172 |
24 |
2.40 |
9.7 |
and incl |
172 |
185 |
13 |
6.24 |
22.7 |
BW 90 |
253 |
292 |
39 |
3.06 |
8.2 |
BW 91 |
8 |
179 |
171 |
3.15 |
10.8 |
incl |
17 |
24 |
7 |
22.62 |
80.0 |
and incl |
66 |
76 |
10 |
5.29 |
20.0 |
and incl |
96 |
113 |
17 |
9.00 |
9.7 |
BW 91 |
293 |
319 |
26 |
0.71 |
63.1 |
BW 91 |
440 |
452 |
12 |
0.65 |
1.1 |
BW 92 |
31 |
52 |
21 |
0.79 |
12.4 |
BW 92 |
107 |
126 |
19 |
0.9 |
13.9 |
BW 92 |
214 |
243 |
29 |
1.01 |
4.8 |
BW 92 |
263 |
315 |
52 |
0.42 |
3.1 |
Peter Bernier,
President and CEO observed "We are thrilled by these latest
results, with 171 metres of 3.13 g/t Au BW 91 is one of our best
intersections to date and BW 90 extends the zone to the east
leaving it open in that direction."
Richfield is well-funded and plans to continue
drilling with two rigs to mid-December. Drilling will resume in
January. Holes will be targeted to further explore and
delineate the bulk gold deposit which is developing at the
Blackwater Gold Project.
Drill map, sections and strip logs for
individual holes 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 212 quality control samples (3 % of all 1639 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.
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.
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 . 23 PR Newswire