Richfield's Blackwater Project

MICHAEL FOWLER, Loewen, Ondaatje, McCutcheon Limited (04/20/2010)
"Richfield extends a drill hole in high-grade zone at Blackwater—positive: The company announced that it will extend hole BW59 to 700 meters so as to follow up a deep intersection of 5 meters of 9 grams per ton at the bottom of the hole at 329 meters. The hole is now at 509 meters and the company reports similar geological observed characteristics to the upper levels, which reported 329 meters of 1.25 grams per ton. We maintain our Speculative Buy recommendation on Richfield Ventures with a $3.19 target."

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