Phase II Drilling at Rainbow Intersects 236 metres of Copper-Gold Mineralization
Monday December 8, 2:06 pm ET
biz.yahoo.com
RVC ~ TSX.V
QUESNEL, BC, Dec. 8 /CNW/ - Richfield Ventures Corp is pleased to release results from the four Phase II diamond drill holes of its 2008 exploration program recently completed on the Mouse Mountain property. The four holes totaled 1,075 metres.
Two holes aimed to test the continuity of the Rainbow zone to the northwest and south. Both intersected monzonite and diorite and related breccias, but neither cut significant mineralization. Another hole aimed to test a geophysical target consisting of a strong positive aeromagnetic anomaly coincident with a strong K/Th radiometric response. This hole intersected basalt and breccia without mineralization.
The last hole RVC 08-19 was sited to test the Rainbow Zone mineralization at depth and was drilled vertically near the centre of the zone. It intersected 236 metres of strong mineralization averaging 0.12% Cu from 192 to 428 m. Within this, a 20 metre interval from 398 to 418 m averaged 0.36% Cu, with a peak value of 0.66% Cu over 2 metres. Gold values are also anomalous and average 0.051 g/t for the 236 metre interval.
The drilling shows that Rainbow mineralization, which covers approx. 55,000 square metres at surface, expands to about three times that area at depth. It can be traced to at least 350 m depth, and remains open to depth. Roughly 30 million cubic metres of structurally prepared, strongly altered monzonite, monzonite breccia and diorite with strongly anomalous copper-gold values is present.
Ouside of the Rainbow Zone, the remaining Phase I and II holes tested a number of discrete geophysical targets, none of which correlate with significant mineralization.
"The Mouse Mountain property represents a significant copper-gold concentration in the heart of the Quesnel Trough close to all services. The current drill program confirms that copper-gold mineralization within the Rainbow has substantial size. What we have found so far is in line with expectations based on other deposits in Quesnel Trough and bears out the geological model of an alkalic copper-gold occurrence," commented Peter Bernier, President & CEO of Richfield.
All drill core was logged and sawed in half lengthwise. It was sampled in two metre intervals and samples were analyzed by Eco Tech Labs. Standard quality control measures were used; this involved randomly inserting a duplicate sample, a certified standard (Cu/Au/Mo) or a blank into the sample stream with every 10 samples. Duplicate samples were analyzed by Acme Labs. Examination of the duplicate, blank and standard results give confidence that assay results are accurate and representative.
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 Quesnel Trough region of British Columbia and holds a 100% interest in mineral tenures in the Quesnel Trough covering approximately 63,700 hectares.
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"
Peter Bernier, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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, pete@richfieldventures.ca
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, ir@richfieldventures.ca
Source: Richfield Ventures Corp. |
