For thousands of other reports visit RSC's Mineral Intellingence Map
Richmont Mines Inc.
Summary
| Project: | Island Gold Mine | |
|---|---|---|
| Deposit: | Island Gold Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-10-2016: Richmont Mines Inc. announces an Exploration/Drilling Update report for its Island Gold Mine deposit at the Island Gold Mine project. Uncut drilling results incl.16.46m @ 37.03g/t Au from 313.74m. TORONTO, Ontario, Canada, October 12, 2016 - R | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Adam (Internal) | |
| ABSTRACT: | TORONTO, Ontario, Canada, October 12, 2016 - Richmont Mines Inc. (TSX - NYSE MKT: RIC) (“Richmont” or the “Corporation”), is pleased to provide an update on delineation drilling within the expanded 2016 Preliminary Economic Assessment (“PEA”) area as well as initial results from the strategic Phase 2 exploration drilling program at the cornerstone Island Gold Mine. (All results are reported with estimated true width with high grade assays capped at 95 g/t gold). “We are very pleased with the results from our near-mine exploration and delineation drilling programs as the results clearly demonstrate the significant potential to grow our near-mine reserve inventory and identify new resource blocks located within the 2016 PEA area. These ounces could extend mine life above the 1,000 metre level and be incorporated into the near-term mine plan utilizing current infrastructure,” stated Renaud Adams, CEO. He continued, “We are also reporting initial results from our recently launched 18 to 24 month Phase 2 exploration program that continues to show the potential to increase resources laterally along strike, primarily to the east, and at depth below the 1,000 metre level.” Delineation drilling is focused in three key areas: 1) the western portion of the 2016 PEA area between the 460 and 860 metre levels; 2) the potential fourth mining horizon between the 860 and 1,000 metre levels; and 3) the eastern portion of the 2016 PEA area, within Extensions 1 and 2, east of the first dyke. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report