QUESNEL, BC, May 6 /CNW/ - Richfield Ventures Corp. (TSX.V:RVC) "Richfield" or the "Company" is pleased to announce completion of BW 59. Drilling last October ended at 336.19 metres and averaged 1.25 g/t Au (see news release dated January 5th 2010).
The vertical hole has now been deepened to 588.87 metres and assay results have been received from the lab. Gold values continue beneath where the hole was terminated last season. The 1.25 g/t average gold intersection extends a further 36 metres for a total of 361 metres (between 7 m and 368 metres). Anomalous gold values continue deeper. Between 7 and 462 metres the hole averages 1.03 g/t Au and 4.3 g/t Ag (an interval of 455 metres).
A 6 metre interval between 353 and 359 metres, averages 5.16 g/t Au and 44.8 g/t Ag. Between 336.19 and 380 metres is a 43.81 metre section which averages 0.97 g/t Au and 10.3 g/t Ag.
Deeper in the hole are 55 metres which average 0.24 g/t Au between 407 and 462 metres. The lowest 126.87 metres of the hole (between 462 metres and 558 metres) averages 0.02 g/t Au.
Silver averages 4.3 g/t for the top 430 metres of the hole between 7 and 437 metres depth. Copper averages 491 ppm between 208 and 510 metres.
The hole provides new information about geology and metal zoning at depth. The rocks continue to be strongly silicified and brecciated to the bottom of the hole with disseminated sulphide throughout particularly pyrite, sphalerite and galena. Silver and copper correlate well with gold in this hole unlike in most earlier holes. Lead and zinc are elevated in the bottom of the hole where galena was noted in core between 550 and 580 metres. The hole was terminated at 588.87 metres deep because ground conditions slowed drill progress unacceptably.
Widths reported are drill widths; true widths are unknown. All assays are uncut, length-weighted average values.
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. A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Standards samples are supplied by an independent laboratory. Samples including the blanks, standards and duplicates, are shipped by courier to Eco Tech Stewart Group Laboratories in Kamloops, BC. Rejects selected at random are sent to Acme Labs of Vancouver for check assays.
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 Lindsay Bottomer 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 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, firstname.lastname@example.org, www.richfieldventures.ca