Richfield Drills 205 Metres of 2.04 g/t Au Including 81 Metres of 4.33 g/t Au
By Richfield Ventures Corp, PRNEMonday, January 24, 2011
QUESNEL, British Columbia, January 25, 2011 - Richfield Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is
pleased to report drill results for six diamond drill holes on the 100%
Richfield owned Blackwater Gold Project approximately 100 km south of
Vanderhoof, BC.
BW 106 returned encouraging results of 205 metres of 2.04 g/t Au
including 81 metres of 4.33 g/t Au. It is 70 metres northeast of BW 76 (90
metres (at) 3.02g/t Au- NR Sept 28, 2010) and 111 metres northeast of BW 78
(59 metres (at) 2.11g/t Au- NR Sept 28, 2010). Together the three holes
outline an area of about 7000 square metres of near-surface high grade.
BW 107 intersects significant gold values and extends mineralization
southward a further 100 metres. BW 107 is about 100 metres south of BW 97
which intersected 121 metres (at) 0.84 g/t Au (NR Dec 12, 2010).
BW 109 returned 30 metres of 3.99 g/t Au and other mineralized sections.
It is 100 metres west of BW 91 (171 metres of 3.13 g/t Au- NR Nov 23, 2010).
BW 105 and BW 108 each have four sections of mineralization throughout
their length.
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DDH From (m) To (m) Intvl (m) Au g/t Ag g/t
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BW 105 35 84 49 0.39 2.8
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BW 105 120 148 28 0.4 2.6
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BW 105 221 237 16 0.41 3.8
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BW 105 332 387 55 0.38 1.8
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BW 106 42 247 205 2.04 11.4
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Incl 42 123 81 4.33 21.4
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and incl 114 123 9 24.91 67.3
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BW 107 87 347 260 0.59 3.2
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Incl 140 170 30 1.00 6.1
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and incl 242 279 37 1.07 3.1
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BW 108 45 58 13 0.84 7.9
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BW 108 66 86 20 1.76 10.6
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BW 108 141 152 11 0.82 2.3
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BW 108 177 212 35 1.11 4.1
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BW 108 251 267 16 0.70 3.7
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BW 109 63 105 42 0.64 3.6
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BW 109 127 157 30 3.99 5.5
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BW 109 188 199 11 0.48 1.1
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Results for seven holes completed before the end of 2010 will be released
shortly as they are received. Drilling will resume next week.
Drill map and strip logs for individual holes reported herein will be
posted on the company website.
Also see drilling results at
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 334 quality control
samples (14.2 % of all 2351 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 Quesnel Trough and Nechako
Plateau regions 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 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.
For further information: Peter Bernier, President & CEO, Richfield
Ventures Corp., 101-242 Reid Street, Quesnel, BC, V2J 2M2, Toll Free:
+1-877-992-6644, pete(at)richfieldventures.ca,
www.richfieldventures.ca
For further information: Peter Bernier, President & CEO, Richfield Ventures Corp., 101-242 Reid Street, Quesnel, BC, V2J 2M2, Toll Free: +1-877-992-6644, pete(at)richfieldventures.ca
