Richfield Reports Initial Drill Holes On 100% Owned Portion of Blackwater -
Gold Project - British Columbia
Including 32 metres @ 5.46 g/t gold, within 260 metres @ 1.57 g/t gold and 65 metres @ 3.65 g/t gold within 168 metres @ 1.82 g/t gold
QUESNEL, BC, July 26 /CNW/ - Richfield Ventures Corp. ("RVC" or the "Company") (TSXV:RVC) is pleased to announce the results for the first five drill holes from the 2010 exploration drill program at its wholly owned portion of the Blackwater Gold Project, BC (NR July 22, 2010).
The holes were drilled from two collar locations about 405 metres apart. Two holes, BW 64 and 65 were drilled from the collar of previously released hole BW 46 (207.25 metres @ 1.06 g/t Au, NR September 21, 2009). Three holes, BW 66, 67 and 68, were drilled from a location 405 metres to the west, roughly 143 metres southwest of previously release hole BW 48 (1.26 g/t Au over 148 metres: NR September 29, 2009).
BW 64 intersected gold mineralization from the collar to near the bottom of the hole with good continuity of gold values. From bedrock to 267 metres the hole averages 1.57 g/t gold including a 32 metre interval of 5.46 g/t gold between 212 to 244 metres. As with earlier holes gold values appear to be independent of rock type.
BW 65, was drilled northwest at -50 degrees from the same collar towards previously released hole BW 59 (361 metres of 1.25 g/t Au within 455 metres of 1.03 g/t Au; see NR May 6, 2010). BW 65 graded 0.88 g/t gold over 198 metres; including 25.6 metres of 2.24 g/t gold.
BW 66 was drilled to the south testing a chargeability anomaly defined in the 2010 induced polarization geophysical survey. Gold values are highest in the silicified breccia section at the top of the hole where a 38 metre interval averages 1.34 g/t Au.
BW 67 drilled eastward at -50 degrees to a depth of 378.69 metres intersected a 37 metre interval averaging 1.04 g/t gold.
The third hole from this collar, BW 68, was drilled vertically to a depth of 431.44 metres and intersected 227 metres of 1.51 g/t gold between 22 and 249 metres, with a high grade interval of 66 metres grading 3.65 g/t gold.
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From(m) To (m) Interval(m) Gold g/t Silver g/t
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BW 64 6.71 267 260.29 1.57 6.7
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including 28 48 20 2.42 9.4
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and 212 244 32 5.46 8.8
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BW 65 37 235 198 0.88 6.2
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including 57 82.6 25.6 2.24 17.9
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and 84.12 90.53 6.41 4.44 9.5
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BW 66 20 283 263 0.44 2.4
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including 54 92 38 1.34 3.5
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and 88 92 4 4.39 4.1
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BW 67 8 204 196 0.41 2.5
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including 147 184 37 1.04 3.7
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BW 68 22 249 227 1.51 5.7
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including 22 190 168 1.82 6.7
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and 62 128 66 3.65 11.7
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and 52 153 101 2.64 9
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The drill results demonstrate continuity of grade and expand the size of the mineralized area, enlarging it to the east and south from the Dave Zone.
Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values. See drill map on the company website. http://www.richfieldventures.ca/s/Blackwater.asp?ReportID=379109
A three dimensional display of these and earlier drill results is posted on http://www.corebox.net/properties/blackwater/
Work Program
Drilling on the 100% owned portion of the Blackwater Gold Project is ongoing, with 25 additional holes planned in this expanded discovery area. A second drill is being mobilized to site, with an anticipated start up date in early August. The project can be worked year round, and the camp is being upgraded to an all season base to facilitate the increased drill program.
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. Five 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. Some 15% of all samples were reanalyzed for check assay. Richfield has not detected 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 Lindsay Bottomer 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"
Peter Bernier, President
Certain statements in this press release may be considered forward-looking information, which, in many cases, can be identified by use of words such as "may", "will", "expect", or "plan". 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, except to the extent required by law, 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, 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 protected], www.richfieldventures.ca
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