Richmont Mines' Exploration Drilling Continues to Intersect Significant Gold Mineralization at Island Gold Both Laterally and at Depth and Intersects 9.71 g/t Over 8.00 Metres at the Kremzar Mine Regional Target
Deep Drilling Intersects 18.03 g/t over 5.70 metres; Near-Mine Lateral Drilling Intersects 33.32 g/t over 2.60 metres and 9.99 g/t over 6.65 metres
TORONTO, May 5, 2016 - Richmont Mines Inc. (TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation"), is providing an update on the previously announced Island Gold exploration drilling program (Figure 1), which continues to demonstrate the significant potential of the cornerstone Island Gold Mine.
The exploration drilling program commenced in September 2015 and is now focused on three key priorities: 1) Testing the lateral continuity of the known deposit to potentially extend mine life above the 1,000 metre level; 2) following up on gold intersections down plunge that support the potential for an extension of the deposit between the 1,000 and 1,500 metre levels; and 3) testing high-priority regional gold targets elsewhere across the prospective Island Gold property.
- Published: 05 May 2016
- Written by Editor