RVC UpdateNOTE: These assays are from the south-side of the Blackwater Project, not from SQI's Davidson property (See:
https://www.richfieldventures.ca/i/maps/DrillingtoAug312010.pdf ). We will see new assays from the Davidson property in the coming months though.
Guy
Richfield Drills 281.8 metres @ 1.40 g/tAu, including 31 metres of 5.01 g/t Au Extends Blackwater Bulk TonnageGold Discovery to the East and West
9/2/2010 8:30 AM - Canada NewsWire
QUESNEL, BC, Sep. 2, 2010 (Canada NewsWire via COMTEX News Network) --
RichfieldVentures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is pleased toreport drill results for six more diamond drill holes on the 100% ownedportion of its Blackwater Gold Project located approximately 100 kmsouth of Vanderhoof, BC.
The drilling targeted projectedextensions west of the known mineralization in previously released drillhole BW 68 (227 metres of 1.51 g/t Au including 66 metres of 3.65 g/t-see NR July 26, 2010). It also tested extensions to the east and southof previously reported drill hole BW 64 (267 metres of 1.57 g/t Au,including 32 metres of 5.46 g/t Au -see NR July 26, 2010). Four holesare reported west of BW 68 and two east and south of BW 64 as follows.
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Distance to BW
DDH 68 From(m) To(m) Intvl(m) Au g/t Ag g/t
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BW 68 0 22 249 227 1.51 5.7
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BW 73 150 m west 195 363 168 0.67 4.1
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& incl 150 m west 56 142 86 0.79 2.4
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BW 72 100 m west 28.85 362.58 333.73 0.46 3.3
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& incl 100 m west 279 362 83 0.82 5.8
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BW 71 192 m west 23.2 305 281.8 1.41 3.6
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& incl 192 m west 78 140 62 2.24 2.1
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& incl 192 m west 252 283 31 5.01 13.8
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BW 70 236 m west 189 289.86 100.86 0.83 1.2
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Distance to BW
DDH 64 From(m) To(m) Intvl(m) Au g/t Ag g/t
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BW 64 0 6.71 267 260.29 1.57 6.7
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BW 74 208 m east 29.56 261.52 231.96 0.75 5.4
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incl 208 m east 143 225 82 1.90 8
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and incl 208 m east 163 225 62 1.71 9.7
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and incl 208 m east 143 144 1 47.4 15.3
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BW 69 148m south 165 212 47 0.75 5.3
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including 148m south 168 173 5 2.49 6.5
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>>
Diamonddrilling has now confirmed significant widths of 1 g/t gold or betterin three zones, the Gold, Richfield and Quest Zones. The three zones arelocated relatively close together and further work may show that theyare parts of one large system.
The Gold Zone, in the northeastmeasures 250 metres by 300 metres; it is open to the south andnorthwest. Significant drill holes in this zone include BW 42, BW 43 andhistoric hole DAV 11.
The Richfield Zone, some 650 metres by 400metres, is open to the south, southwest and east. Significant drillholes include BW 59, BW 63, BW 46, BW 64, BW 74, BW 48, BW 65, BW 57, BW47, and BW 68.
The Quest Zone covers an area of 300 metres by250 metres open on the north and south with several significant holesincluding BW 70, 71, 72 and historic holes DAV 05-02 and DAV 06-06.
Resultsshow that mineralization extends at least 840 metres from BW 70 in thewest to BW 74 in the east. Drilling continues to test the extent of thesystem.
Peter Bernier, President and CEO states "We are verypleased at our continued success in extending the limits of this largebulk tonnage gold system. The deposit represents a new style of goldmineralization in Canada and we are excited about its potential."
Seedrill map and striplogs for individual holes on the company website.https://www.richfieldventures.ca/s/Blackwater.asp?ReportID=379109
Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values.
Quality Assurance
Richfieldhas implemented a rigorous quality assurance/quality control program atthe Blackwater property using best industry practice and supervised byDirk Tempelman-Kluit. The program includes chain of custody of samplesfrom drill to laboratory. Drill core is sawn in half at the property andfor each sample half of the core from one metre intervals is placed inplastic bags and sealed. The remainder is retained in core boxes storedat the project camp.
A standard sample, a blank sample, or aduplicate 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 independentlaboratory located in Langley, BC. Samples including the blanks,standards and duplicates, are shipped by bonded courier to Eco TechStewart Group Laboratories in Kamloops, BC, an internationallyrecognized analytical services provider. Rejects selected at random aresent to Acme Labs of Vancouver, BC for check assays. In total, 259quality control samples (15 % of all 1784 samples) were analyzed.Richfield detected no significant QA/QC issues during review of thedata.
The scientific and technical information contained in thisnews release was prepared under the supervision of Dirk Tempelman-KluitPh.D, FGAC, VP Exploration for Richfield Ventures Corp, and has beenreviewed by Lindsay Bottomer P.Geo., who is a "Qualified Person" asdefined under National Instrument 43-101.
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