Post by
askretka on Jan 28, 2021 7:05pm
Some info on Blackwater project
hares in Richfield Ventures (CVE:RVC) were on the move again today, adding to an impressive run through 2010 and continuing into 2011. Results from the last seven drill holes completed in 2010 on the companys Blackwater Gold Project (Blackwater) were behind additional investor interest. Drilling highlights were aplenty, including four mineralized zones totaling 170 meters in drill hole 116. Of the four zones, the most noteworthy was one 12 meter section averaging 7.73 grams per tonne gold, while a second 23 meter zone returned 2.2 grams per tonne gold and 156 grams per tonne silver. Several other holes reported highly promising intersects, including 13 meters averaging 4.54 grams per tonne gold in hole 115, 14 meters averaging 11.49 grams per tonne gold in hole 114 and 19 meters averaging 4.3 grams per tonne gold in hole 113. Many of the higher grade zones highlighted were within much thicker zones of mineralization. "With all 2010 drill results now available including the 100 metre eastward extension in BW 112, a one kilometre mineralized zone from east to west is defined, Peter Bernier, President of Richfield noted to shareholders. Richfield is planning to drill an additional 30,000 meters in 2011 and has set a budget of CAD$15 million, which includes a Preliminary Economic Assessment (PEA) due to be completed during the year. Shares in the junior gold explorer opened at a 52 week high of $5.49 per share, and have risen by a factor of five in the past 7 months.
Comment by
Goaweigh on Jan 28, 2021 7:26pm
Fascinating bit of info, particularly the name Peter Bernier. Came across that name after I started buying PGX awhile ago. Worth a look but as far as structure is concerned it's the antithesis of this....tighter than tight. You have to work to buy any. Thanks for the info.