Published:
Richfield releases Phase 1 Mouse Mountain results and commences drilling at G-South Gold target
VANCOUVER, May 16 /PRNewswire-FirstCall/ - Richfield Ventures Corp.
(TSX-V: RVC) announces that it has received and evaluated assay results for
all 15 drill holes (5544m) of the phase 1 drilling at Mouse Mountain.
Interesting results were obtained from the phase 1 drill program at the
Mouse Mountain copper-gold property. Five of the nine holes on the Rainbow
Zone returned copper intersections on the order of 0.1% over down-hole widths
on the order of 100 meters accompanied by anomalous gold values. The overall
grade of the Rainbow zone appears to be around 0.1% copper equivalent. The
additional six holes drilled in Phase 1 tested various geophysical anomalies.
No significant zones of mineralization were intersected.
On the basis of the results from the Phase 1 work, Richfield has resolved
to focus on the drilling of the G-South gold target and to postpone the Phase
2 drilling at Mouse Mountain till a later date.
Richfield aims to complete a 3000 meter drill program on the G-South
target which is designed to verify and extend gold mineralization indicated
from work by previous operators. (See News Release of April 30th 2008 or visit
www.richfieldventures.ca for more information).
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 region of
British Columbia over the last three years and holds a 100% interest in
mineral tenures in the Quesnel Trough covering approximately 90,000 hectares
and holds option to explore a further 12,000 hectares in the area. In addition
Richfield has optioned mineral properties in westernBritish Columbia near the
Trapper Lake and Tatlayoko lake regions.
The scientific and technical information contained in this news release
was prepared under the supervision of Charles Greig, M.Sc. P.Geo., the
company's "qualified person" under National Instrument 43-101 Standards of
Disclosure for Mineral Projects.
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.
On behalf of the Board of Directors of Richfield Ventures Corp.
"Peter Bernier"
Peter Bernier, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.
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, www.richfieldventures.ca, pete@richfieldventures.ca; Ryan
Glasser, Investor Relations, Richfield Ventures Corp., 1201, 1166 Alberni
Street,Vancouver, BC, V6E 3Z3, Phone: (604) 801-6625, Mobile: (778) 899-6625,
Fax: (604) 687-4770, www.richfieldventures.ca, ir@richfieldventures.ca
SOURCE Richfield Ventures Corp.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily News
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