| March 30, 2010 Richfield Ventures Corp. Receives Drilling Permit for the "Blackwater" Gold Project, B.C. -- Drilling to recommence in early April | |
| Richfield Ventures Corp. Receives Drilling Permit for the "Blackwater" Gold Project, B.C. -- Drilling to recommence in early April March 30, 2010 - Quesnel, BC: Richfield Ventures Corp. (TSX.V:RVC) "Richfield" or the "Company" is pleased to announce that it has received a drilling permit for the first stage (Phase 1) of its planned 2010 drill program on the Blackwater Davidson bulk tonnage gold discovery located south of Vanderhoof, B.C. The first drill will be mobilized on or about April 6th 2010. The 17 km access road to the property from the main Kluskus logging road has been cleared of snow and the camp from last season has been reestablished. The first drill hole will deepen the final hole drilled last season, hole BW 59 (on optioned ground from Silver Quest Resources Limited - NR March 23, 2009), which averaged 1.25g/t Au over 329 metres and it ended in 5 metres of 9 g/t Au (see news release dated January 5th 2010). Previous holes are mostly angle holes between 100 and 200 metres deep and a significant number of these holes ended in gold mineralization. The Phase 1 drilling plan comprises approximately 10,000 metres of core drilling (20 holes) to test for possible extensions of the mineralization to the northwest, southwest, south and east of the deep discovery hole. These holes will be drilled vertically to depths of 500 to 600 metres from surface. Richfield has acquired a 30-man camp suitable for year-round work. A permit for this camp has been submitted and when received the camp will be moved on site. This will allow the company to service multiple drills and explore on a year round basis. A second stage (Phase 2) drill program is also planned to include 15,000 metres of systematic drilling on 50 metre spaced centres to establish a 43-101 compliant resource. This program will begin after the camp has been set up in late May 2010 and is expected to be completed by Q4 2010. A first phase of metallurgical test work will be undertaken by Inspectorate America Corp. located in Richmond, British Columbia. Richfield Ventures Corp. is also pleased to announce that it has retained Axemen Resource Capital Ltd. as a financial consultant. Axemen Resource Capital Ltd. is a Vancouver-based Exempt Market Dealer focused on advising and financing junior mining exploration and development companies. 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 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. 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 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. | |
