Thursday 15th November 2018

Resource Clips

Richfield Ventures Director/VP Exploration Dirk Tempelman-Kluit on gold assays of 1.04 g/t over 171 m

“About a year ago, we optioned the property—on the north side from Silver Quest Resources and on the south side from private parties—because the deposit straddles both of these properties. This was a key move for us. The other key move was to think of this as a bulk gold deposit rather than as a narrow, structurally controlled vein deposit. Our aim is to establish an NI 43-101 compliant resource with as much well-defined as possible. When we took over the property there was about 7,000 metres of drilling, and we are now at three or four times that. But we’re still only in the 20-kilometre range of drilling, which really is just scratching the surface to define a substantial deposit.

“The results are consistent with our expectations. Three of the holes were good and three less so. The latter, however, are not dead holes. They showed that the system is there. We’re defining a zone of internal dilution in the ultimate pit that we see happening there, and those holes are not defining the end of mineralization. What we are happy about with the three good holes is that they expand the area to the southeast substantially. It’s still open, and we didn’t think that it would necessarily go so far. So we’re quite happy.

“We’ve fulfilled all the option requirements on both the southern and northern parts. But progress on the northern part awaits either buying Silver Quest out or doing a joint venture with them. We’ll be drilling through the winter with two drills—by spring we might put another drill in there—and people can look forward to a project that has news flow all winter, which isn’t the case with many other projects.”

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