| September 25, 2009 Richfield expands first phase drill program and stakes additional ground on the Blackwater Project | |
| September 25, 2009: Quesnel, BC, Canada: Richfield Ventures Corp. (TSX-V:RVC) "Richfield" or "the Company") is pleased to announce that it is expanding its first phase drill program on the Blackwater properties in central BC. This is based on very encouraging assay results from the first five diamond drillholes and geological interpretation of drill core from all the holes. The first phase consisted of 15 holes which have now been completed. Results from the first five holes have been reported (NRs September 16 and 22nd) and samples from all the remaining holes are either at the assay laboratory or in transit. Results will be reported when received. The drill and all infrastructure remain on site and drilling will recommence upon receipt of approval of the amendment to the original drilling permit. This is expected to occur in early October. A bulk gold model is considered appropriate for the mineralization. Assay results from holes drilled in the current program and from historic holes demonstrate continuity of gold mineralization over hundreds of metres at potentially mineable grades. Geologically the gold mineralization is hosted in highly siliceous and argillically altered breccia and microbreccia derived from felsic volcanic or subvolcanic rocks. A sulphide bearing rhyolite intrusion or dome is considered the likely source of the alteration and mineralization. Breccia formed in two or more superposed stages, which followed each other closely and which are each accompanied by silicification and alteration. Sulphide minerals, mainly pyrite, sphalerite and galena occur throughout the silicified rocks and are found in fractures and disseminated between breccia fragments. Sulphides were evidently introduced with brecciation and silicification. Gold and silver are thought to have accompanied silicification and brecciation and the introduction of sulphides. Based on current drill data the brecciated rocks may cover an area of up to 45 hectares and are generally between 100 to 200 metres thick. Richfield has acquired an additional 13,476 hectares of mineral tenure (100% interest) around the existing Davidson and Dave optioned properties. Both properties are under option to Richfield, which may acquire a 75% interest in the Davidson property from Silver Quest Resources, 892 hectares (NR March 23/09) and a 100% interest in the Dave property from private parties 582 hectares. (NR May 12/09) This brings Richfield's total holdings in the area to 14,950 hectares. The scientific and technical information contained in this news release was prepared under the supervision of Dirk Templeman-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 and Nechako Plateau regions of British Columbia. On behalf of the Board of Directors of Richfield Ventures Corp. "Peter Bernier" Peter Bernier, President For further information contact: 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 www.richfieldventures.ca 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.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. | |
