SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mining News of Note

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LoneClone who wrote (72423)12/14/2010 12:22:10 PM
From: LoneClone  Read Replies (1) of 193231
 
Richfield Extends Blackwater Southward with BW 97

finance.yahoo.com

Press Release Source: Richfield Ventures Corp. On Tuesday December 14, 2010, 8:30 am EST

QUESNEL, BC, Dec. 14 /CNW/ - Richfield Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is pleased to report drill results for five diamond drill holes on the Blackwater Gold Project approximately 100 km south of Vanderhoof, BC.

The five holes are collared over a distance about 1000 metres west to east on the 100% owned part of the Blackwater Gold Project. All holes returned anomalous gold values to depths in excess of 300 metres. Holes are targeted to explore and delineate the bulk gold deposit developing at the Blackwater Gold Project.


<<

________________________________________________
|DDH |From (m)|To (m)|Intvl (m)|Au g/t|Ag g/t|
|________|________|______|_________|______|______|
|BW 93 | 149| 181| 32| 0.61| 1.1|
|________|________|______|_________|______|______|
|BW 94 | 3.05| 21| 17.95| 3.86| 9.5|
|________|________|______|_________|______|______|
|incl | 19| 21| 2| 30.82| 54.0|
|________|________|______|_________|______|______|
|BW 94 | 42| 52| 10| 0.53| 0.9|
|________|________|______|_________|______|______|
|BW 94 | 164| 173| 9| 2.27| 1.1|
|________|________|______|_________|______|______|
|BW 94 | 329|346.86| 17.86| 0.65| 2.9|
|________|________|______|_________|______|______|
|BW 95 | 105| 139| 34| 0.82| 1.8|
|________|________|______|_________|______|______|
|incl | 105| 116| 11| 1.71| 2.3|
|________|________|______|_________|______|______|
|and incl| 124| 133| 9| 0.64| 2.3|
|________|________|______|_________|______|______|
|BW 95 | 194| 219| 25| 0.94| 2.1|
|________|________|______|_________|______|______|
|BW 97 | 3| 53| 50| 0.86| 5.4|
|________|________|______|_________|______|______|
|BW 97 | 74| 195| 121| 0.84| 5.4|
|________|________|______|_________|______|______|
|incl | 106| 119| 13| 2.19| 11.9|
|________|________|______|_________|______|______|
|BW 97 | 253| 260| 7| 1.18| 3.4|
|________|________|______|_________|______|______|

>>
BW 97 returned good gold values from surface to about 200 metres deep,
with scattered gold mineralization deeper in the hole. BW 97 is south of
mineralization known to date and extends the mineralized zone southwest. It
leaves open possibility of further extension.
BW 93 and 94 are 50 m apart and about 150 metres west of BW 97. Both
holes returned gold in narrow ore grade intervals over much of their depth,
but both are less strongly mineralized than elsewhere. The holes define lower
grade mineralization within the larger mineralized zone.
BW 95, southwest of the mineralized zone, returned mineralized
intersections between 100 and 240 metres deep. As with BW 53, an earlier hole
drilled in this area, it suggests mineralization may weaken in this direction.
BW 96 is north of known mineralization in the Jarrit claim. Between 220
and 340 m deep gold values are anomalous; the rocks are strongly silicified
reflecting the alteration associated with the Blackwater deposit.
Peter Bernier, President and CEO observed "We are encouraged by the 170
metres of near 1 g/t material in BW 97. It extends the zone southward and
leaves space for expansion there. These latest five drill holes show that we
continue drilling within the gold system."
Upon completion of BW 115 and 116 in mid-December, Richfield will be
breaking for the holidays until late January. Results for the remaining 19
holes will be released as they are received.
Drill map, sections and strip logs for individual holes reported herein
will be posted on the company website.
Also see drilling results at
corebox.net 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 246 quality control
samples (12.8 % of all 1918 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 Nechako Plateau region of
British Columbia.
On behalf of the Board of Directors of Richfield Ventures Corp.
"Peter Bernier" Peter Bernier, President
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.
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.

To view this news release in HTML formatting, please use the following URL:
newswire.ca


For further information

<< Peter Bernier, President Toll Free 1-877-992-6644 Phone: Richfield Ventures Corp. (250) 992-6644 Fax: (250) 101-242 Reid Street Quesnel, 992-6643 BC V2J 2M2 pete@richfieldventures.ca www.richfieldventures.ca >>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext