Canadian Mining Journal

News

GOLD: Richmont drilling hits 33 g/t near Island Gold mine



ONTARIO – Richmont Mines of Toronto continues to cut excellent intersections at its Island Gold gold mine 85 km northeast of Wawa. Lateral near-mine drilling returned 33.32 g/t over 2.60 metres and 9.99 g/t over 6.65 metres. Deep drilling intersected 18.03 g/t Au over 5.70 metres.

Lateral drilling confirmed that the Island Gold mineralized structure extends to the east of the main deposit area above the 1,000-metre level. The vertical potential of the previously identified resources in the Extension 1 and 2 blocks is also being tested.

Deep directional drilling is examining the down plunge extension of the deposit between the 860 and 1,500-metre levels. Follow-up drilling is also being done on a single deep hole that intersected 19.87 g/t Au over 3.93 metres at a depth of 1,200 metres. Another rig has been bought to the site to drill targets to the west of the first dike that marks the limit between the Main zone and Extension 1 areas.

Richmont has also completed a regional surface drilling program near the former Kremzar gold mine. Deep drilling confirmed the extension of the mineralized quartz veins at depth and a new gold zone at a depth of about 600 metres. The new zone returned 9.71 g/t Au over 8.00 metres, including 20.76 g/t over 3.32 metres.

Details of the recent drilling results are available at www.Richmont-Mines.com.