Richfield Ventures (RVC, TSX-V)

This stock is struggling to find its footing and get back on track but some progress was made this week as Richfield jumped 12 cents to $1.14…the stock found strong support, as expected, right at its rising 300-day moving average just under $1.00…technically,

it’s likely to form a base around current levels for a little while longer…we remain very bullish on the prospects for Richfield, though, as it continues to drill its Blackwater Gold Project in central British Columbia…the 25,000 metre drill program that started in April has proceeded slowly and limited initial results have been okay but well short of

spectacular…the company has received approval for a second rig (permits come from the B.C. government and that can often be a frustrating process) and this should help get the drill program going at a better speed…there’s every reason to expect some more outstanding drill results from Blackwater over the summer…

it has all the potential to be a world class bulk tonnage deposit…