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Richmond Minerals Inc.
Summary
| Project: | Ridley Lake | |
|---|---|---|
| Deposit: | Ridley Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-10-2017: Richmond Minerals Inc. announces an Exploration/Drilling Update report for its Ridley Lake deposit at the Ridley Lake project. Drilling results incl. 136m @ 0.31g/t Au from 133m. TORONTO, Oct. 18, 2017 /CNW/ - Richmond Minerals Inc. (TSX-V: RM | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Hawkins (Internal) | |
| ABSTRACT: | TORONTO, Oct. 18, 2017 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) ("Richmond" orthe "Company") is pleased to announce Phase 3 diamond drilling results fromthe Company's RidleyLake Project located within the Swayze Greenstone Belt,approximately 23 miles due east of Goldcorp's BordenLake gold deposit. This phase of drilling continued to test the well-defined induced polarization anomaly characterized by high chargeability and resistivity at thefar eastern end ofthe Aguara East Zoneand to test for depth extensions of gold mineralization reported during theinitial diamond drilling in thecentral Aguara Zonein 1989. Richmond completed 2,258 meters ("m") of diamond drilling in nine holes. All holes for this phase ofwork were drilled atan azimuth of 180 degrees,at inclinations of-45 or -60 degrees. The drillintervals reported aboverepresentaxialcorelength and true widthsare not known at this time. AQA/QC programwasemployed consisting ofinserting laboratory prepared standardsand blanksand duplicates into thecoresamplestream. Samples weresubmitted to Activation Laboratories ofTimmins, Ontario (independent fromRichmond) for gold analysis using fireassaywith atomicadsorption or gravimetricfinish. The gold-bearing intervalsareassociated with several geologicalfeatures observed in the drillcore which includeareas ofshearzone development, areas ofintensecarbonatization,and spatialassociationwith porphyriticintrusions. Considering thatmineralized zonesappear to be broadening with depth in thecentralAguara Zone, further diamond drillingwill be undertaken to test for depth extensions of gold mineralization in thisarea of the property. WarrenHawkins, P.Eng,a"Qualified Person", within the meaning ofNation Instrument 43-101- Standards ofDisclosurefor Minerals Projects, has reviewed and approved thescientificand technicalinformation contained in this news release. Mr. Hawkins is notconsidered to be "independent"ofthe Corporation (as defined inNationalInstrument 43-101),as hecurrently holds securities ofthe Corporation. | |
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