QUESNEL, BC, Sept. 29 /CNW/ - Peter Bernier, President and CEO of
Richfield Ventures Corp. (TSX-V:RVC) is pleased to provide an update on
results from drilling undertaken in early summer at its G-South gold prospect,
which forms part of the 80,000 hectare Quesnel Trough Property, located east
of Quesnel, B.C. Canada.
Richfield completed an initial drill program consisting of four diamond
drill holes totaling 1818 meters. Drilling of the G-South property aimed to
test for mineralization associated with gold-bearing massive sulphide veins
reported in past work. The G-South prospect has a number of narrow,
discontinuous (1 to 2 m wide) massive sulphide veins with gold values to 1.5
oz/ton and base metal values. Geological logging of the 4 new holes indicate
that all cut a sequence of augite basalt and augite basalt breccia, as well as
encountering several narrow massive sulphide veins. Drill core from the four
holes was analyzed for its base metal content by portable XRF analyzer as the
drilling progressed. Analyses were made every 10 cm along the core. Immediate
analysis allowed more responsive planning for subsequent holes than standard
sampling and waiting for lab assay results. Interesting values of copper, and
zinc were noted where the sulphide veins were intersected.
Sections with significant base metal values as determined with the
analyzer, were sampled and sent for laboratory analysis for gold and platinum
group elements. These fire assay results have now been received from Eco-tech
Laboratories Ltd. in Kamloops and integrated with earlier data. Elevated gold
was seen in narrow sections from two holes in the new data; none are
significant. For example from one hole, GS 08-02, 216 samples of two meter
sections each were taken. Five returned values of 1 gm/t gold or higher; the
highest returned 4.62 gm/t Au.
It is encouraging that the two holes (GS 08-03 and 04) drilled southward
toward the intrusive did cut magnetic intrusives in the bottom of the hole,
but the spatial and genetic connection between the veins and this intrusive
was not established. The company is considering how best to test this
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. a "qualified person" under National
Instrument 43-101 Standards of Disclosure for Mineral Projects.
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 region of
British Columbia over the last three years and holds a 100% interest in
mineral tenures in the Quesnel Trough covering approximately 200,000 acres.
Richfield has recently added 2 additional properties outside of their Quesnel
Trough project, the Morris Mine property located in West Central BC near the
Tatlayoko Lake area and the Echo Property known as "Trapper Lake" located
43 km North West of the Golden Bear Gold Mine.
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.
On behalf of the Board of Directors of Richfield Ventures Corp.
Peter Bernier, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.
For further information:
For further information: Peter Bernier, President, Richfield Ventures
Corp., 242 Reid Street Quesnel, BC, V2J 2M5, Toll Free: 1-877-992-6644, Phone:
(250) 992-6644, Fax: (250) 992-6643, www.richfieldventures.ca,
firstname.lastname@example.org; Ryan Glasser, Investor Relations, Richfield
Ventures Corp., 1201, 1166 Alberni Street, Vancouver, BC, V6E 3Z3, Phone:
(604) 801-6625, Mobile: (778) 899-6625, Fax: (604) 687-4770,