http://www.theaureport.com/cs/user/pub/co/804
DESCRIPTION: Richfield Ventures Corp. is a junior mining company exploring for gold in British Columbia's Nechako Plateau at its Blackwater project. Diamond drill results of its phase I program have been encouraging with significant gold intersections in eight holes so far. The phase one program has been expanded to test to greater depth and confirm continuity. Richfield is led by an experienced management and geological team. They are systematically exploring to discover a world-class bulk tonnage gold deposit.
WEBSITE: http://www.richfieldventures.ca/s/Home.asp
The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.
"Richfield has recently released gold assays on selective drill holes targeting intrusive/breccia-related gold mineralization in Hazelton group rocks in BC. Last week, the company released one additional result from its initial 13-hole program at Blackwater. Drill hole BW57 returned 1.02 g/t Au and 8.2 g/t Ag over a length of 133.7 meters. BW57 was collared at the same location as BW46, a vertical hole that returned 1.06 g/t Au and 5.0 g/t Ag over 215.5 meters. Mineralization in both holes begins near surface below a veneer of overburden. In addition, this collar location is in the SW area of an IP chargeability high and resistivity low that the company believes is related respectively to pyrite and silicification. BW57 was drilled to the west at -50 degrees. Assay results from drill holes BW58 and BW59, all within the core of the IP anomaly remain outstanding.
The Blackwater project includes the Dave and Davidson properties which adjoin one another. The Davidson property is a joint venture with Silver Quest Resources (Richfield earning 75%) and Richfield has an option to earn 100% of the Dave property (subject to 2.5% NSR).
The Davidson property was initially systematically explored by Granges Exploration starting in 1973. Geochemical and geophysical targets were tested by about 2,000 metres of RC and diamond drilling. Silver Quest drilled seven holes in 2006. Drilling identified three separate zones of mineralization (Silver, New and Gold zones). The main target in the current program at Blackwater is a large roughly 600 by 400 meter IP resistivity anomaly that transects the Dave and Davidson border. A more subtle halo of the IP anomaly is also related to elevated Au, Ag and Zn mineralization. The recent consolidation of the area has opened the o
