ONTARIO – Montreal-based Richmont Mines has a new inferred resource number – 771,000 oz Au in 2.3 million tonnes grading 10.53 g/t Au – for its Island Gold Deep project. The Island Gold mine is a producing underground mine 50 km northeast of Wawa.
The inferred resource includes the new C zone. The 771,000 contained oz represent a 52% increase from the 508,000 oz established in January 2013.
Richmont has included new drill results (all cut grades over true widths) in the revised resource including 21.27 g/t Au over 6.78 metres, 6.52 g/t over 13.60 metres, 19.13 g/t over 7.66 metres, and 31.17 g/t over 2.26 metres. Other equally good results were not included: 10.32 g/t over 3.50 metres, 9.78 g/t over 6.67 metres, 20.74 g/t over 4.75 metres, and 5.84 g/t over 12.51 metres.
The company is currently extending the ramp at depth to provide access to the deep mineralization. Active mining areas currently extend to 400 metres below surface.
More information is available at Richmont-Mines.com or click here to examine a composite longitudinal section of the Deep C zone.