Monday 19th November 2018

Resource Clips

Richmont reports Ontario Gold Assays up to 44.3 g/t over 11.5m

Resource Clips - essential news on junior gold mining and junior silver miningRichmont Mines Inc TSX:RIC announced drill results from its Island Gold Mine property in Ontario. Highlights include

8.68 g/t gold over 2.3 metres
50.41 g/t over 2 metres
34.58 g/t over 2.2 metres
4.78 g/t over 2 metres
3.64 g/t over 5.3 metres
44.27 g/t over 4.8 metres
6 g/t over 3.8 metres
3.8 g/t over 5 metres
6.12 g/t over 2 metres
6.68 g/t over 2.1 metres
13.23 g/t over 3.7 metres
27.89 g/t over 6.6 metres
16.74 g/t over 3.8 metres
15.1 g/t over 7.2 metres
41.33 g/t over 5.9 metres
28.39 g/t over 2.6 metres
20.22 g/t over 2.1 metres
126.66 g/t over 4.1 metres

President/CEO Martin Rivard stated, “We have results from more than 23,000 metres of deep drilling completed at our Island Gold Mine, and are pleased that they have confirmed the potential at depth for this property. While the spacing of this drilling is currently too large to establish resources, the results confirm the extension of known zones at depth. We plan on completing approximately 35,000 metres of deep drilling at Island Gold during 2012, with the goal of establishing resources below current infrastructure. 20,000 metres of this drilling is planned from underground, and we have already begun a 1,100-metre exploration drift from the 400-metre level of the mine to provide more effective access for drilling. In addition, we are currently evaluating different options for the potential construction of an exploration shaft in order to accelerate the identification of deep resources at Island Gold.”

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Jennifer Aitken
Investor Relations

by Ted Niles

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