Richfield drills 205 metres of 2.04 g/t Au including 81 metres of 4.33 g/t Au

QUESNEL, BC, Jan. 25 /CNW/ - 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 @ 3.02g/t Au- NR Sept 28, 2010) and 111 metres northeast of BW 78 (59 metres @ 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 @ 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.

    <<
    -------------------------------------------------------------------------
    DDH             From (m)   To (m)     Intvl (m)    Au g/t       Ag g/t
    -------------------------------------------------------------------------
    BW 105          35         84         49           0.39         2.8
    -------------------------------------------------------------------------
    BW 105          120        148        28           0.4          2.6
    -------------------------------------------------------------------------
    BW 105          221        237        16           0.41         3.8
    -------------------------------------------------------------------------
    BW 105          332        387        55           0.38         1.8
    -------------------------------------------------------------------------
    BW 106          42         247        205          2.04         11.4
    -------------------------------------------------------------------------
    Incl            42         123        81           4.33         21.4
    -------------------------------------------------------------------------
    and incl        114        123        9            24.91        67.3
    -------------------------------------------------------------------------
    BW 107          87         347        260          0.59         3.2
    -------------------------------------------------------------------------
    Incl            140        170        30           1.00         6.1
    -------------------------------------------------------------------------
    and incl        242        279        37           1.07         3.1
    -------------------------------------------------------------------------
    BW 108          45         58         13           0.84         7.9
    -------------------------------------------------------------------------
    BW 108          66         86         20           1.76         10.6
    -------------------------------------------------------------------------
    BW 108          141        152        11           0.82         2.3
    -------------------------------------------------------------------------
    BW 108          177        212        35           1.11         4.1
    -------------------------------------------------------------------------
    BW 108          251        267        16           0.70         3.7
    -------------------------------------------------------------------------
    BW 109          63         105        42           0.64         3.6
    -------------------------------------------------------------------------
    BW 109          127        157        30           3.99         5.5
    -------------------------------------------------------------------------
    BW 109          188        199        11           0.48         1.1
    -------------------------------------------------------------------------
    >>

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 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 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.

SOURCE Richfield Ventures Corp.

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@richfieldventures.ca, www.richfieldventures.ca

Profil de l'entreprise

Richfield Ventures Corp.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.