RVC UpdateRemark: These new drill holes are still on the south side of RVC's Blackwater Project. Map: https://www.richfieldventures.ca/i/maps/RVC-DDH-completed-to-July-15-2010.jpg.
Richfield Adds Second Drill to the Blackwater Gold Project to Expand on Recent Encouraging Results
8/17/2010 8:30 AM - Canada NewsWire
QUESNEL, BC, Aug. 17, 2010 (Canada NewsWire via COMTEX News Network) --
RichfieldVentures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is pleased toannounce that a second drill has begun drilling on its 100% ownedportion of the Blackwater Gold Project.
The second drill on BW 74was collared 200m east of previously drilled BW64 ((267 metres of 1.57g/t Au, including 32 metres of 5.46 g/t Aug. (see NR July 26, 2010)).The drill is testing southeastward gold continuity on the 100% ownedportion of the project.
The first drill has drilled four holes(BW 70, 71, 72, 73) on a grid with 50 metre centres west of BW68 (227metres of 1.51 g/t Au including 66 metres of 3.65 g/t (see NR July 26,2010)) to test the westerly extent of mineralization on its 100% ownedportion of the Blackwater Gold Project. It is currently drilling BW 75some 50 metres east of BW 68. The first drill is 559 metres west of thesecond.
Both drills continue to intersect similar hydrofracturedsilicified lapilli tuff and breccia as seen in other holes. Assays arepending for BW 69 through BW 73 and Richfield expects to release resultsfor these next 5 holes the week of August 31, 2010.
See drill map on the company website https://www.richfieldventures.ca/s/Blackwater.asp?ReportID=379109.
The holes are being drilled vertically to a depth of 300 - 400 metres.
Work Program
Drillingon the 100% owned portion of the Blackwater Gold Project is ongoing,with 25 additional holes planned in this expanded discovery area. Thecamp has been upgraded to an all season base and will be sufficient toadd a third drill when needed. The project can now continue to operateyear round.
About Richfield Ventures Corp.
RichfieldVentures Corp. is a public mineral exploration company trading on theTSX Venture Exchange under the symbol RVC. Richfield has been activelyacquiring and exploring mineral tenures in the Nechako Plateau region ofBritish Columbia.
On behalf of the Board of Directors of Richfield Ventures Corp.
"Peter Bernier"
Peter Bernier, President
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
SOURCE: Richfield Ventures Corp.
PeterBernier, 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, pete@richfieldventures.ca, www.richfieldventures.ca