ONTARIO – Richmond Minerals of Toronto has signed a memorandum of understanding with the Brunswick House, Flying Post and Chapleau Cree First Nations regarding the Swayze gold project in Raney and Rollo townships near Chapleau. The MOU sets out the parameters upon which the parties will create a relationship based on mutual respect and co-operation.
Richmond says the contribution of local communities to the Swayze knowledge base will be invaluable in creating a socially responsible exploration program. The three communities will also have the opportunity to participate in the benefits of the project through training, ongoing communications, and business development.
Richmond holds a 50% interest in a central block of 35 claims and 100% interest in the surrounding block of 119 claims in the Swayze Greenstone Belt. Gold bearing veins were discovered on the property in 1932, but little more work was carried out until 1982. A diamond drill program was done in 1989, and 11 of the 13 holes intersected broad zones of gold mineralization.
More information is available at RichmondMinerals.com.