QUESNEL, BC, June 8 /CNW/ - Richfield Ventures Corp. (TSX.V:RVC) "Richfield" or the "Company" is pleased to announce additional drill results from the Blackwater gold project in the Nechako Basin in central British Columbia, Canada. Four HQ size holes have been completed out of the planned 70 hole, 25,000 metre program. All four holes were collared on mineral claims optioned by Richfield from Silver Quest Resources Limited. Richfield will earn 75% interest in this property (NR March 23, 2009). Results have been received for three holes, all of which intersected gold values over substantial intervals.
Widths reported are drill widths; true widths are unknown. All assays are uncut, length-weighted average values.
BW 62 was vertical hole collared 117 metres northeast of BW 59 (historical intersection grading 361 metres of 1.25 g/t Au within 455 metres of 1.03 g/t Au (see NR May 6, 2010)). BW 62 encountered 175 metres averaging 0.88 g/t Au between 54 and 229 metres deep. Within this are 123 metres of 1.09 g/t gold at a downhole depth of 102 metres to 225 metres, including 2.09 g/t gold over 38 metres from 149 metres to 187 metres. The highest gold sample assayed 21.6 g/t Au in a one metre interval from 149 metres to 150 metres. BW 62 intersected siliceous breccia with lapilli tuff for its entire 366.98 metre length. See drill map on the company website.
BW 60, a vertical hole, was drilled 73 metres east of BW 59. Between 57 and 326 metres downhole depth the hole averages 0.40 g/t Au with 1.12 g/t Au between 154 to 176 meters.
BW 61 was a 50 degree angle hole collared 117 metres northeast of BW 59 and drilled northeast toward the Gold Zone, the same location as BW 62. The hole intersected anomalous gold values for 245 metres between 52 and 297 metres, averaging 0.41 g/t Au.
BW 63 is complete and assays are pending. The hole was drilled vertically 88 metres west-northwest of BW 59 to 447.14 metres depth and 79 meters northeast of historical drill hole BW 48 (1.26 g/t Au over 148 meters (NR September 29, 2009)), intersecting breccia and silicified lapilli tuff with sphalerite and pyrite for most of the hole.
BW 64 has been started and is drilling eastward at 50 degrees dip from the collar of BW 46 drilled last season (207.25 meters @ 1.06 g/t Au (NR September 21, 2009)). The hole is targeted on a new IP 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.
Intent is to complete regional drilling to define the limits of 5 defined IP anomalies that appear to be associated with gold mineralization. Richfield has received the permit to improve road access to the property and to clear an area for a new 45 person camp which will allow for mobilization of a second drill to begin 43-101 compliant resource drilling.
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, 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.
For further information: For further information: Peter Bernier, President, Richfield Ventures Corp., 101-242 Reid Street, Quesnel, BC, V2J 2M2, Toll Free 1-877-992-6644, Phone: (250) 992-6644, Fax: (250) 992-6643, email@example.com, www.richfieldventures.ca