Richfield Goes for Gold at G-South
VANCOUVER, April 30 /PRNewswire-FirstCall/ — Richfield Ventures Corp. (TSX-V: RVC) is pleased to announce that a diamond drill is being mobilized to its 100% owned G-South Discovery zone Gold Property.
The G-South Discovery zone is located in the Quesnel Trough of central B.C. The property has been the focus for much historic work that targeted a variety of relatively narrow gold-bearing massive sulphide veins hosted by Nicola Group volcanic rocks. Percussion drilling during the 1980′s yielded a number of intersections between 0.5 and 1.0 meter which typically yielded between 0.1 and 0.3 oz/t. They ranged as high as 1.22 oz/t over a drill width of 0.9 meters and 0.22 oz/t over 4.6 m drill width (Newton, 1988). Diamond drilling on the property during the same period also yielded many encouraging intersections, including 0.438 oz/t over 0.6 m drill width and 0.828 oz/t over drill width of 0.7 meters (Kowalchuk and Mathison (1987). None of the drilling at G-South was much deeper than 100m below surface. G-south has a published “drill indicated” reserve of 45,355 tonnes grading 10.2 g/t gold (Newton 1988). RVC plans an initial phase of 3000 m of diamond drilling to test the G-South targets at depth.
In other news, Richfield has just received the latest assay results from drilling on its 100% owned Mouse Mountain property. Mouse Mountain, RVC’s most advanced property, also lies within the Quesnel Trough; it is an alkalic porphyry copper-gold prospect similar to the nearby Mount Polley Mine of Imperial Metals. Phase 1 drilling at Mouse Mountain was completed in February 2008, and intersected intensely altered alkali intrusive rocks. The most significant mineralization intersected in the program occurs in three drill holes that were drilled within an area of about 10 hectares, and to depths of approximately 250 meters below surface. One of the holes (reported December 21 2007 “Richfield reports first assay results from Mouse Mountain drilling”) intersected approximately 0.1% copper and 0.1 gm/t gold in two intervals of approximately one hundred metres each. Similar copper grades were encountered in the two other holes over drill widths of approximately 179m and 119m. The zone remains open to the north and west and will be the focus of 3000 metres of phase 2 drilling at Mouse Mountain. Dr. Dirk Tempelman-Kluit, VP of Exploration for Richfield is compiling and interpreting the data and, in conjunction with RVC’s technical advisory board, is developing plans for the Phase 2 drilling, expected to commence summer 2008.
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Peter Bernier, President and CEO of Richfield Ventures states that: “The Rainbow zone at the Mouse Mountain Property has all the hallmarks of an alkalic porphyry copper-gold system, only the full extent and grade of the mineralization remains to be determined.”
In addition to work at the G-south and Mouse Mountain properties, Richfield has filed permits for trenching and drilling at the Moustique Molybdenum property, the Chubby Bear Ag-Cu-Mo property, and the Ahbau Lake Zinc property, all within RVC’s extensive Quesnel Trough holdings.
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 region of British Columbia over the last three years and holds a 100% interest in mineral tenures in the Quesnel Trough covering approximately 90,000 hectares and holds option to explore a further 12,000 hectares in the area.
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. a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Certain statements in this press release may be considered forward-looking information, including those relating to “plans” of the company. 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 to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
On behalf of the Board of Directors of Richfield Ventures Corp. “Peter Bernier” Peter Bernier, President THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.
CONTACT: Peter Bernier, President, Richfield Ventures Corp., 331 Reid Street, Quesnel, BC, V2J 2M5, Toll Free 1-877-992-6644, Phone: (250) 992-6644, Fax: (250) 992-6643, http://www.richfieldventures.ca/, pete@richfieldventures.ca; Ryan Glasser, Investor Relations, Richfield Ventures Corp., 1201, 1166 Alberni Street, Vancouver, BC, V6E 3Z3, Phone: (604) 801-6625, Mobile: (778) 899-6625, Fax: (604) 687-4770, http://www.richfieldventures.ca/, ir@richfieldventures.ca
Richfield Ventures Corp.
CONTACT: Peter Bernier, President, Richfield Ventures Corp., 331 ReidStreet, Quesnel, BC, V2J 2M5, Toll Free 1-877-992-6644, Phone: (250) 992-6644,Fax: (250) 992-6643, http://www.richfieldventures.ca/, pete@richfieldventures.ca; RyanGlasser, Investor Relations, Richfield Ventures Corp., 1201, 1166 AlberniStreet, Vancouver, BC, V6E 3Z3, Phone: (604) 801-6625, Mobile: (778) 899-6625,Fax: (604) 687-4770, http://www.richfieldventures.ca/, ir@richfieldventures.ca