The final two holes from Richfield Ventures (RVC-V) 2009 drill program at the Blackwater project near Vanderhoof, BC, were mineralized consistently from top to bottom, the company reports.
Hole 59 averaged 1.25 grams gold per tonne and 3.5 grams silver over 329.2 metres, starting from 7 metres depth.
Smaller intercepts included within that hole include 13 metres grading 3.17 grams gold and 1.2 grams silver between 121-134 metres depth and 5.2 metres grading 9.1 grams gold per tonne and 45 grams silver between 331 and 336.2 metres depth.
Richfield says there were also several short, higher-grade intercepts such as 1 metre grading 132 grams gold per tonne at 248-249 metres depth.
Hole 59 was a vertical hole that intersected siliceous breccia with a few small intervals of chloritized andesite and lapilli tuff with gold values from top to bottom.
In the other hole, 58, the intercepts weren’t as long or as impressive. There was a 20-metre interval grading 0.41 gram gold per tonne and 2.3 grams silver between 204-224 metres depth.
From 241-260.6 metres depth was 19.6 metres grading 0.81 gram gold per tonne and 2.1 grams silver, including 4 metres grading 1.79 grams gold per tonne.
This hole intersected mainly massive andesite with lapilli tuff towards the base of the whole. The best gold values were in the lapilli tuff.
Richfield optioned the Blackwater-Davidson project from Silver Quest Resources in March 2009 and began drilling last June after compiling old drill data from the several previous exploration companies.
The program consisted of 15 holes spread over 2,500 meters.
Richfield shares were up nearly 5% today, or 7¢, to $1.62 apiece on a trading volume of 977,000 shares.
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