Richmond Minerals Provides Update for Ridley Lake Project

Richmond Minerals (TSXV:RMD) has provided an update for its Ridley Lake Gold project in the west central area of the Swayze Greenstone.
As quoted in the press release:

In November 2016 the Company completed a Spectral Induced Polarization (IP)/Resistivity survey to expand to depth the earlier IP survey completed in July 2015 on Richmond’s 100% owned Aguara East claims. As reported in July 2015, IP and Magnetic surveys were successful in identifying a well-defined IP anomaly characterized by high chargeability and resistivity and a prominent coincidental magnetic anomaly (the “Aguara East anomaly”), having a northeast orientation and a strike length in excess of 825 meters.
Modelling of the data obtained from the July 2015 and November 2016 combined surveys has identified multiple targets at vertical depths down to the latest IP survey limit of approximately 200 meters. These deeper model targets are observed below Phase II drill holes RS-16-20 (which returned an intersection of 1.26 grams per ton gold over 33 meters including 4.11 grams per ton gold over 7 meters) and RS-16-22 and may indicate stronger pyrite mineralization (and possibly gold mineralization) with increasing depth in this area of the Aguara East Anomaly. On Section 0, a very strong chargeability zone was identified beneath Phase I drill holes RS-16-14 and 15 that appears to extend beneath the IP survey’s maximum penetration depth of 200 meters.  In addition, a deep strong chargeability anomaly is also observed in the model along  Section 3+75 meters east.  It was also noted that Phase II drill holes RS-16-23 and 24 were drilled along the edge of these new deeper targets. Consequently a Phase III round of drilling with holes collared at 2+00 meters north is warranted.

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