RICHFIELD VENTURES

RICHFIELD VENTURES CORP - RVC:TSX-V 6.78 +0.78 +13.00% Richfield Reports 1.83 Million oz Contained Gold in Preliminary Indicated Resource Estimate at Blackwater, Additional 2.34 Million oz Contained Gold in Inferred 3/2/2011 8:00 AM - Canada NewsWire QUESNEL, BC, Mar 2, 2011 (Canada NewsWire via COMTEX News Network) -- Richfield Ventures Corp. (TSXV: RVC) ("Richfield" or the "Company") is pleased to announce the first National Instrument 43-101 compliant resource estimate for its Blackwater Gold Project, located 100 km south of Vanderhoof in central British Columbia, Canada. Geosim Services Inc. of Vancouver, Canada ("Geosim"), independent resource estimation consultant for Richfield, has prepared and authorized the release of these estimates. At a base case cut-off grade of 0.40 g/t Au, the estimated global Indicated resource is 53.46 million tonnes at an average grade of 1.06 g/t Au containing 1.83 million ounces gold, with an additional 75.45 million tonnes at an average grade of 0.96 g/t Au containing 2.34 million ounces gold in the Inferred category. The table below summarizes the Geosim resource estimates at selected cut-off grades: Blackwater Deposit - Indicated and Inferred Resource Estimates << ------------------------------------------------------------------------- Indicated Inferred ------------------------------------------------------------------------- Grade Contained Grade Contained Cut-off Tonnes -------------- Au M Tonnes -------------- Au M g/t Au 000's Au g/t Ag g/t oz 000's Au g/t Ag g/t oz ------------------------------------------------------------------------- 0.3 54,136 1.06 5.6 1.84 78,653 0.94 4.0 2.38 ------------------------------------------------------------------------- 0.4 53,460 1.06 5.6 1.83 75,452 0.96 4.0 2.34 ------------------------------------------------------------------------- 0.5 49,914 1.11 5.7 1.78 68,001 1.02 4.2 2.23 ------------------------------------------------------------------------- >> The land tenures covering the Blackwater gold deposit are divided by a property boundary. The Dave and Jarrit properties comprising the southern portion of the Blackwater Gold Project, are owned 100% by Richfield. The Davidson property covering the northern portion of the Blackwater Gold Project is subject to a 75/25 joint venture between Richfield (75% and operator) and Silver Quest Resources Ltd. (25%) (TSXV: SQI)("Silver Quest"). The resource estimates by property are summarized in the table below. The recent more closely spaced drilling has been focused on the southern 100% owned Dave and Jarrit properties and consequently a much higher portion of resources are in the indicated category, as compared to the Davidson property to the North. Blackwater Deposit - Resource Estimates by Property at 0.4 g/t Au Cut-off grade << ------------------------------------------------------------------------- Property Indicated Inferred --------------------------------------------------------------- Grade Contained Grade Contained Tonnes -------------- Au M Tonnes -------------- Au M 000's Au g/t Ag g/t oz 000's Au g/t Ag g/t oz ------------------------------------------------------------------------- Total Black- water 53,460 1.06 5.6 1.83 75,452 0.96 4.0 2.34 ------------------------------------------------------------------------- Dave and Jarrit (100% Rich- field) 53,128 1.07 5.6 1.82 29,183 1.04 5.5 0.98 ------------------------------------------------------------------------- Davidson (75% Richfield, 25% Silver Quest 331 0.92 5.0 0.01 46,269 0.92 3.1 1.36 ------------------------------------------------------------------------- Total Rich- field 53,377 1.06 5.6 1.83 63,885 0.97 4.2 2.00 ------------------------------------------------------------------------- >> Peter Bernier, President of Richfield, commented; "We are thrilled with this initial resource estimate for our Blackwater Gold Project. We believe this establishes Blackwater as one of the most important new gold discoveries in Canada. As the gold mineralization remains essentially open in all directions, we look forward in 2011 to continuing to explore the extent of the mineralization laterally and to depth with aggressive drilling campaigns on both the 100% owned southern portion of the property and with our joint venture partner Silver Quest on the northern portion." Richfield has commenced and plans to complete a 30,000 metre diamond drill program at Blackwater in 2011. Gold mineralization at Blackwater could be considered as a bulk tonnage low sulphidation epithermal type of deposit. It is hosted within a series of near surface altered, fractured and silicified volcaniclastic rocks and gold appears to be associated with fine-grained disseminated and fracture-filling pyrite and sphalerite. The resource estimates have been made utilizing analytical and lithologic data from 77 core holes (25,263 m) to develop a resource model. Only assays received since 2005 were used for grade interpolation. Resource estimation was constrained by 3-dimensional solid models developed from geological and analytical data. Grade estimation was carried out by ordinary kriging using 5 metre downhole drill composites. Gold grades were capped at 15 g/t and Silver grades at 50 g/t prior to compositing. The mineral resource was also constrained by an optimized pit shell using a gold price of $1,000 per ounce. Block dimensions were 10 by 10 by 10 metres. The density values assigned to the main lithologies were based on 5,748 bulk density measurements of drill core. A graphic of nested grade shells is available at http://files.newswire.ca/710/Blackwater.doc and provides a reference for the location and lateral extent of the resource estimate, and its relationship to the property boundaries. The grade shell colour shades provide an approximate distribution of the relative grades of the deposit. Initial metallurgical test work has indicated an average of 92% gold recovery using conventional whole ore direct cyanidation (see NR Nov 22, 2010). The Company has contracted a series of consultants to prepare a preliminary economic assessment (PEA), planned for completion in Q4 of 2011. This study will consider the potential for a large-scale open pit mine and ore processing facility. With a current cash balance of $17.2 million the company is well funded to undertake the planned 2011 drilling and the PEA study. The resource estimate and other scientific and technical information contained in this news release were prepared by or under the supervision of Mr. Ronald Simpson, P. Geo, President of Geosim Services Inc., an independent "qualified person" under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The NI 43-101 technical report in respect of the resource estimate disclosed herein will be filed on SEDAR within 45 days of the date of this news release. 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 Cautionary Notes Concerning Estimates of Mineral Resources: This news release uses the terms indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that the Blackwater mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Assessment as defined under NI 43-101. Readers are cautioned not to assume that that further work will lead to mineral reserves that can be mined economically. Certain statements in this press release may be considered forward-looking information, including those relating to the "expectations", "intentions" or "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the approvals of regulators, 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 identified by the Company in its public securities filings -- 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. SOURCE: Richfield Ventures Corp. Peter Bernier, President & CEO, Richfield Ventures Corp., 101-242 Reid Street, Quesnel, BC, V2J 2M2, Toll Free: 1-877-992-6644, pete@richfieldventures.ca, www.richfieldventures.ca Copyright (C) 2011 CNW Group. All rights reserved. << Previous | Next >> Quotes delayed at least 20 minutes for NYSE/AMEX, 15 minutes for other exchanges. © 2011 Stockhouse Inc.Terms & Conditions. Privacy Policy. News provided by Comtex. Add RVC to Portfolio

Bei GCU und RVC dürfte mann sich die nächsten Tage auf Gewinne einstellen. Bei RVC kommt laut Presentation im Feb. eine Resourcenschätzung.

http://www.richfieldventures.ca/i/pdf/BlackwaterPresentation.pdf

Richfield drills 205 metres of 2.04 g/t Au including 81 metres of 4.33 g/t Au 1/25/2011 8:30 AM - PR Newswire Klar bei gutem Edelmetallumfeld gäbe es 20% plus, aber derzeit befinden wir uns in einer Korrekturphase die uns im schlimmsten Fall Richtung 1250$ beim Gold und 20$ beim Silber führen könnte. QUESNEL, BC, Jan 25, 2011 /PRNewswire via COMTEX News Network/ -- Richfield Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is pleased to report drill results for six diamond drill holes on the 100% Richfield owned Blackwater Gold Project approximately 100 km south of Vanderhoof, BC. BW 106 returned encouraging results of 205 metres of 2.04 g/t Au including 81 metres of 4.33 g/t Au. It is 70 metres northeast of BW 76 (90 metres @ 3.02g/t Au- NR Sept 28, 2010) and 111 metres northeast of BW 78 (59 metres @ 2.11g/t Au- NR Sept 28, 2010). Together the three holes outline an area of about 7000 square metres of near-surface high grade. BW 107 intersects significant gold values and extends mineralization southward a further 100 metres. BW 107 is about 100 metres south of BW 97 which intersected 121 metres @ 0.84 g/t Au (NR Dec 12, 2010). BW 109 returned 30 metres of 3.99 g/t Au and other mineralized sections. It is 100 metres west of BW 91 (171 metres of 3.13 g/t Au- NR Nov 23, 2010). BW 105 and BW 108 each have four sections of mineralization throughout their length. ------------------------------------------------------------------------- DDH From (m) To (m) Intvl (m) Au g/t Ag g/t ------------------------------------------------------------------------- BW 105 35 84 49 0.39 2.8 ------------------------------------------------------------------------- BW 105 120 148 28 0.4 2.6 ------------------------------------------------------------------------- BW 105 221 237 16 0.41 3.8 ------------------------------------------------------------------------- BW 105 332 387 55 0.38 1.8 ------------------------------------------------------------------------- BW 106 42 247 205 2.04 11.4 ------------------------------------------------------------------------- Incl 42 123 81 4.33 21.4 ------------------------------------------------------------------------- and incl 114 123 9 24.91 67.3 ------------------------------------------------------------------------- BW 107 87 347 260 0.59 3.2 ------------------------------------------------------------------------- Incl 140 170 30 1.00 6.1 ------------------------------------------------------------------------- and incl 242 279 37 1.07 3.1 ------------------------------------------------------------------------- BW 108 45 58 13 0.84 7.9 ------------------------------------------------------------------------- BW 108 66 86 20 1.76 10.6 ------------------------------------------------------------------------- BW 108 141 152 11 0.82 2.3 ------------------------------------------------------------------------- BW 108 177 212 35 1.11 4.1 ------------------------------------------------------------------------- BW 108 251 267 16 0.70 3.7 ------------------------------------------------------------------------- BW 109 63 105 42 0.64 3.6 ------------------------------------------------------------------------- BW 109 127 157 30 3.99 5.5 ------------------------------------------------------------------------- BW 109 188 199 11 0.48 1.1 ------------------------------------------------------------------------- Results for seven holes completed before the end of 2010 will be released shortly as they are received. Drilling will resume next week. Drill map and strip logs for individual holes reported herein will be posted on the company website. Also see drilling results at http://www.corebox.net/properties/blackwater/index.php?deposit=510 Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values. Quality Assurance Richfield has implemented a rigorous quality assurance/quality control program at the Blackwater property using best industry practice and supervised by Dirk Tempelman-Kluit. The program includes chain of custody of samples from drill to laboratory. Drill core is sawn in half at the property and for each sample half of the core from one metre intervals is placed in plastic bags and sealed. The remainder is retained in core boxes stored at the project camp. A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Three certified ore assay laboratory standards are used in the program, and are supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, BC. Samples including the blanks, standards and duplicates, are shipped by bonded courier to Eco Tech Stewart Group Laboratories in Kamloops, BC, an internationally recognized analytical services provider. Rejects selected at random are sent to Acme Labs of Vancouver, BC for check assays. In total 334 quality control samples (14.2 % of all 2351 samples) were analyzed. Richfield detected no significant QA/QC issues during review of the data. 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 Rob Pease 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 Certain statements in this press release may be considered forward-looking information, including those relating to the "expectations", "intentions" or "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the approvals of regulators, 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 identified by the Company in its public securities filings -- 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. SOURCE Richfield Ventures Corp. Copyright (C) 2011 PR Newswire. All rights reserved