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Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) announced additional drill results from Island Gold Deep. Highlights include 20.64 g/t Au over 3.40 metres, 17.48 g/t Au over 3.32 metres, 17.53 g/t Au over 3.06 metres, 13.64 g/t Au over 9.62 metres and 10.04 g/t Au over 6.20 metres in presently undefined zones. The Company also announced that the 43-101 technical report for the Island Gold Deep Mineral Resource estimate published February 25, 2013, has been filed on SEDAR.
As quoted in the press release:
Highlights:
• C Zone unpublished drill results included in the January 2013 Island Gold Deep C Zone Mineral Resource estimate include (all cut grades over true widths): 36.91 g/t Au over 2.05 metres, 20.06 g/t Au over 4.48 metres, 15.50 g/t Au over 5.25 metres, 6.94 g/t Au over 11.87 metres, and 25.73 g/t Au over 2.02 metres;
• New C Zone drill results not incorporated in the resource include (all cut grades over true widths): 7.94 g/t Au over 5.75 metres, 7.28 g/t Au over 8.90 metres and 9.41 g/t Au over 2.73 metres;
• Additional new drill results include (all cut grades over true widths): 20.64 g/t Au over 3.40 metres, 17.48 g/t Au over 3.32 metres, 17.53 g/t Au over 3.06 metres, 13.64 g/t Au over 9.62 metres and 10.04 g/t Au over 6.20 metres in presently undefined zones, which are sub-parallel to the C Zone (referred to as “X” Zone);
• A 43-101 technical report for the C Zone Inferred Mineral Resource estimate as of January 25, 2013, and published on February 25, 2013 (Island Gold Deep project), has been filed on SEDAR (www.sedar.com);
• There are currently 3 drill rigs active on the Island Gold Deep project from underground drill stations.
Richmont Mines President and CEO Paul Carmel said:
We are very pleased with the continued strong drill results at depth at Island Gold, as they reaffirm our confidence in the long-term potential to increase the mine life of this operation. We have not defined the limits of the various zones, and our goal is to expand this project’s existing inferred Mineral Resource of 508,000 gold ounces at a grade of 10.73 g/t Au, released in February.
Click here to read the Richmont Mines Inc. (TSX:RIC,NYSEMKT:RIC) press release
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