Richfield Ventures Corp.

"Recent exploration drilling on the company's Blackwater gold property has returned encouraging gold mineralization. Richfield is led by Pete Bernier, President and CEO. RVC is a Canaccord Adams 2010 Watch List company.

The company has released assay results from drill holes BW58 and BW59, the last two holes drilled in the 2009 program at Blackwater, both of which were collared within the core of the IP anomaly. BW 59 returned an impressive average of 1.25 g/t Au over a sampled length of 329.2 meters. Several higher grade, one meter samples were intersected including: 132 g/t Au (247 to 248 meters), 42.5 g/t Au (331 to 332 meters) and 17.8 g/t Au (215 to 216 meters).

The company describes BW 59 intersecting siliceous breccia with small intervals of chloritized andesite and lapilli tuff. BW 58 collared about 250 m to the southwest of BW 59 did not intersect siliceous breccia and was largely within andesites and lapilli tuffs. The best gold values occurred near the end of the hole in the lapilli tuffs, where 19.6 meters averaged 0.81 g/t Au.

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 meters 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.

On 11 January 2010, 6.3 million shares of Richfield come free trading and 4.9 million warrants at $0.17–0.22 (in the money) are exercisable, related to a September 2009 private placement."
    -WENDELL ZERB,   CANACCORD ADAMS (01/12/10)

"In Q4/09, Richfield released gold assays from its 18-hole program (expanded from 13-holes) at the Blackwater project in north-central BC, targeting intrusive/breccia-related gold mineralization in Hazelton group rocks. These results included, drill hole BW57, which returned 1.02 g/t Au and 8.2 g/t Ag over a length of 133.7 metres. 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 southwest area of an IP chargeability high and resistivity low that the company believes are related respectively to pyrite and silicification. BW57 was drilled to the west at -50 degrees. Assay results from drill holes BW58 and BW59, both within the core of the IP anomaly, remain outstanding and are expected in early January.

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).

. . .On 11 January 2010, 6.3 million shares of Richfield come free trading and 4.9 million warrants at $0.17–0.22 (in the money) are exercisable, related to a September 2009 private placement."
    -   Junior Mining Weekly (12/23/09)

"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 opportunity to fully test this target.

The company has expanded the current drill program with the intention to confirm continuity and mineralization to depth. Assay results from two holes of the original 13-hole program remain outstanding."
    -WENDELL ZERB, B.SC., P. GEOL.,   CANACCORD ADAMS (11/11/09)

TGR: And when the market turns up again, investors can be ready and knowledgeable about which juniors are likely to bounce back first. So what are some of the companies that should be coming out with some good news and perhaps some stock appreciation?

VG: My poster boy is Richfield Ventures Corp. (TSX-V: RVC). Anyone who took my recommendation certainly did well because the company not only put out some stellar results, but went from 12 cents to $1.88 in a matter of maybe two-and-a-half months. When I first recommended the company, I think the market cap wasn't even $1 million, so they were certainly a junior at the time. Not every company's going to behave this way, but out of the 15 holes Richfield Ventures drilled, 14 holes had mineralization. That's a success rate of 97%. Very, very good. And half to two-thirds of those were slamming out-of-the-ballpark type results—huge results. Their footprint could host easily 2 million ounces of gold. That is fantastic for a company with all of 14 million shares out. That's a company that still has a lot of legs to it. Next year they're thinking about definition drilling and doing some more exploratory work to the south because they haven't really touched the south part of the property yet. The beauty about this project is that it's road accessible; you can get on there in your car.
    -   The Gold Report Interview with Victor Goncalves (11/06/09)

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