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Richmond Minerals Inc.
Summary
| Project: | Ridley Lake | |
|---|---|---|
| Deposit: | Ridley Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-9-2016: Richmond Minerals Inc. announces an Exploration/Drilling Update report for its Ridley Lake deposit at the Ridley Lake project. Drilling results incl. 33.00m @ 1.26g/t Au from 145.00m. TORONTO, Sept. 22, 2016 /CNW/ - Richmond Minerals Inc. (TSX- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren Hawkins (Internal) | |
| ABSTRACT: | TORONTO, Sept. 22, 2016 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) ("Richmond" or the "Company") is pleased to announce Phase II diamond drilling results from the Company's Ridley Lake Project located within the Swayze Greenstone Belt, approximately 23 miles due east of Goldcorp's Borden Lake gold deposit. This phase of drilling continued to test the well-defined induced polarization anomaly characterized by high chargeability and resistivity and a prominent coincidental magnetic anomaly (the "Aguara East anomaly") at depths beneath the Phase I results reported last fall and along strike to the east. Richmond completed 1,121 meters ("m") of diamond drilling in five holes. All holes for this phase of work were drilled at an azimuth of 180 degrees, and at an inclination of - 45 degrees. Holes RS16-20 and RS-22 were collared to test for gold mineralization beneath RS15-19, Hole RS16-21 was collared to test for gold mineralization between holes RS15-14 and RS15-19, and holes RS16-23 and RS16-24 were collared to test for gold mineralization stepping out to the east along the Aguara East Anomaly. The drill intervals reported above represent core intersection length and true widths are not known at this time. A QA/QC program was employed consisting of inserting laboratory prepared standards and blanks and duplicates into the core sample stream. Samples were submitted to Activation Laboratories of Ancaster, Ontario (independent from Richmond) for gold analysis using fire assay with atomic adsorption or gravimetric finish. The gold-bearing intervals are associated with several geological features observed in all drill holes which include areas of shear zone development, areas of intense carbonatization, and spatial association with porphyritic intrusions. Richmond management is extremely pleased with these results, particularly with those in hole RS16-20, which are among the best obtained to date from the Ridley Lake Property. The Company is planning a third phase of diamond drilling for the upcoming fall season with a view to test for higher-grade gold intervals at depth and along strike to the east. | |
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