Quantcast

Richfield drills 72 m @ 1.69 g/t Au; 183 m @ 1.03 g/t Au; 206 m @ 1.56 g/t Au; 72 m @1.3 g/t Au; 91 m @ 1.07 g/t Au

February 8, 2011

QUESNEL, BC, Feb. 8 /PRNewswire/ – Richfield Ventures Corp. (TSX.V:RVC)
(“Richfield” or the “Company”) is pleased to report drill results for
the last seven holes drilled in 2010 on its 100% owned Blackwater Gold
Project. The project is approximately 100 km south of Vanderhoof, BC.

Peter Bernier, RVC president comments “With all 2010 drill results now
available including the 100 metre eastward extension in BW 112, a one
kilometre mineralized zone from east to west is defined.”

BW 116 intersected four mineralized intervals totaling 170 metres. One
12 metre section averages 7.73 g/t Au; a second section of 23 metres
averages 2.20 g/t Au with 156.8 g/t Ag.

BW 115 also intersected gold; 13 metres averages 4.54 g/t Au and 16
metres averages 3.13 g/t Au. The five holes are on a west-east line and
350 metres apart in central parts of mineralization. From west to east
the order is BW 114, BW 113, BW 111, BW 116 and BW 115.

BW 114 intersected 206 metres grading 1.56 g/t Au including 14 metres of
11.49 g/t Au.

BW 113 cut 183 metres grading 1.03 g/t Au. This includes four metres of
16.62 g/t Au. A 19 metre section near the bottom of this hole averages
4.30 g/t Au.

BW 112 was drilled well east of known mineralization, some 100 metres
east of BW 90 (BW 90 cut 148 metres of 1.77 g/t Au with 39 metres of
3.06 g/t Au near the bottom – see NR Nov 23, 2010). BW 112 intersected
gold values in the upper 150 metres with mineralization beginning
directly below overburden. The best long section averages 2.74 g/t Au
for a drill length of 39 metres.

BW 110 was drilled 150 metres south of the line of holes mentioned above
and 50 metres north of BW 69. It cut 54 metres of 0.46 g/t Au
immediately beneath overburden with another 18 metres grading 1.04 g/t
Au deeper in the hole.

Drilling for the 2011 season resumed in late January with two drills.
Richfield’s board has approved a $15M budget for 2011 to include 30,000
metres of drilling. In addition Richfield has engaged a team of
consultants to complete a Preliminary Economic Assessment (PEA) planned
for fall 2011.

DDH  From (m)   To (m)   Intvl (m) Au g/t   Ag g/t  
BW 116    6 97 91 1.07 7.8
incl 81 96 15 3.08 15.9
BW 116 116 128 12 7.73 8.3
BW 116 167 180 13 0.98 3.5
BW 116 188 218 30 2.89 10.0
incl 204 206 2 13.09 17.4
BW 116 277 300 23 2.20 156.8
BW 115 100 172 72 1.30 6.8
incl 151 164 13 4.54 6.8
BW 115 254 273 19 0.77 2.8
BW 115 290 306 16 3.13 5.3
BW 114 6 212 206 1.56 4.2
incl 6 37 31 2.60 13.3
and incl 126 140 14 11.49 5.4
BW 114 282 314 32 0.53 2.6
BW 114 373 382.52 9.52 0.85 4.2
BW 113 23 206 183 1.03 7.0
incl 47 51 4 16.62 22.6
BW 113 341 360 19 4.30 10.7
BW 112 86 129 43 0.45 5.3
BW 112 142 181 39 2.74 10.7
BW 112 194 214 20 0.63 4.0
BW 112 224 241 17 0.35 1.0
BW 111 22 26 4 1.17 13.2
BW 111 43 62 19 0.62 14.1
BW 111 74 96 22 0.41 4.1
BW 111 155 168 13 0.62 3.3
BW 111 202 234 32 0.67 2.7
BW 110 3 57 54 0.46 6.1
BW 110 137 155 18 1.04 4.7

Drill map and strip logs for individual holes reported here 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 342 quality control samples
(14.4 % of all 2372 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.

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.


Source: newswire



comments powered by Disqus