Richfield continues to demonstrate continuity of gold mineralization at Blackwater Gold Project, B.C.
QUESNEL, BC, June 22 /PRNewswire-FirstCall/ - Richfield Ventures Corp. (TSX-V:RVC) ("Richfield" or "the Company") is pleased to announce assay results for a fourth diamond drill hole from its planned 70 hole, 25,000 metre, drill program on the Blackwater Gold Project in the Nechako Plateau of Central BC. BW 63 was collared on mineral claims optioned by Richfield from Silver Quest Resources Limited. Richfield will earn 75% interest in this property (NR March 23, 2009).
BW 63 is a vertical hole collared 88 metres west-northwest of BW 59, (historical intersection of 361 metres of 1.25 grams/tonne (g/t) Au within 455 metres of 1.03 g/t Au (see NR May 6, 2010)). BW 63 intersected a substantial interval of consistently mineralized rock with gold values from bedrock at 3.05 metres to 366 metres.
The mineralized section in BW 63 averages 0.76 g/t Au over 312 metres between 34 and 346 metres down hole. Within this 312 metre interval are four higher grade intervals averaging between 0.93 and 1.52 g/t gold, as shown in the table below. The highest one metre interval assayed 22.4 g/t Au (between 208 and 209 metres).
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DDH From To Metres Gold (g/t)
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BW 63 34 346 312 0.76
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including 34 72 38 0.93
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and 121 153 32 1.03
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and 206 230 24 1.52
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and 275 346 71 0.94
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The 312 metre interval includes 3 metres (between 153 and 156 metres) for which core recovery was between 10 and 15%; the assay result for these three metres is not included in the calculation.
Results from this drill hole combined with results for the earlier three holes drilled this season (NR June 5, 2010) demonstrate continuity of the mineralized system and continues to show the strong lateral extent of gold mineralization; its lateral limits remain to be determined.
The company has completed two further drill holes for which assay results are pending. BW 64 was drilled eastward at a 50 degree dip from the collar of BW 46 drilled last season, which intersected 207.25 meters averaging 1.06 g/t Au (NR September 21, 2009). The hole is targeted on a chargeability anomaly identified in a recently completed IP survey. It is collared on mineral claims optioned from private parties in which Richfield will earn 100% interest.
BW 65 drilled northwest from the same setup as BW 64 at a 50 degree dip. It drilled toward BW 59 some 264 meters to the northwest and aims to test gold continuity with BW 59.
A third hole is currently drilling southward at a 60 degree dip to test a chargeability anomaly defined in the recently completed IP survey. It is collared 143 metres southwest of BW 48 (1.26 g/t Au over 148 meters (NR September 29, 2009)).
Exploration and forestry permits have now been received that extend the exploration program to December 31, 2012 and will allow exploration and resource drilling beyond the current area of approval. Approval was also received to upgrade the access road and construct a new all-season, 36-person trailer camp. The camp site has been cleared of trees and plans are underway to mobilize a recently purchased industrial trailer camp to site; along with construction of required potable water and septic systems. Road upgrades, including a recently completed re-alignment section, will simplify regular access of heavy equipment including a second drill scheduled to arrive on the property in mid-July. The second rig will commence resource definition drilling in the area of known mineralization, on a regular 50 m grid.
Peter Bernier, President and CEO commented "Drill results this season continue to show consistent gold mineralization over long intervals. Every hole drilled so far this season has cut anomalous or better gold values for lengths on the order of one hundred to three hundred metres and mineralization continues open along strike. These results are great news for the company and its shareholders."
Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values. See drill map on the company website. http://www.richfieldventures.ca/s/Blackwater.asp?ReportID=379109
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 are 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, 192 quality control samples (15 % of all 1113 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 Ken MacDonald P.Geo., who is an independent "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
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.
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.
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