MONTREAL, QUEBEC--(Marketwired - April 12, 2013) - Richmont Mines Inc. (TSX:RIC)(NYSE MKT:RIC), ("Richmont" or the "Corporation") is pleased to announce additional Island Gold Deep drill results, and that the 43-101 technical report for the Island Gold Deep Mineral Resource estimate, published February 25, 2013, has been filed on SEDAR ( www.sedar.com ).
Highlights:
- C Zone unpublished drill results included in the January 2013 Island Gold Deep C Zone Mineral Resource estimate include (all cut grades over true widths): 36.91 g/t Au over 2.05 metres, 20.06 g/t Au over 4.48 metres, 15.50 g/t Au over 5.25 metres, 6.94 g/t Au over 11.87 metres, and 25.73 g/t Au over 2.02 metres;
- New C Zone drill results not incorporated in the resource include (all cut grades over true widths): 7.94 g/t Au over 5.75 metres, 7.28 g/t Au over 8.90 metres and 9.41 g/t Au over 2.73 metres;
- Additional new drill results include (all cut grades over true widths): 20.64 g/t Au over 3.40 metres, 17.48 g/t Au over 3.32 metres, 17.53 g/t Au over 3.06 metres, 13.64 g/t Au over 9.62 metres and 10.04 g/t Au over 6.20 metres in presently undefined zones, which are sub-parallel to the C Zone (referred to as "X" Zone);
- A 43-101 technical report for the C Zone Inferred Mineral Resource estimate as of January 25, 2013, and published on February 25, 2013 (Island Gold Deep project), has been filed on SEDAR ( www.sedar.com );
- There are currently 3 drill rigs active on the Island Gold Deep project from underground drill stations.
Paul Carmel, President and CEO, commented: "We are very pleased with the continued strong drill results at depth at Island Gold, as they reaffirm our confidence in the long-term potential to increase the mine life of this operation. We have not defined the limits of the various zones, and our goal is to expand this project's existing inferred Mineral Resource of 508,000 gold ounces at a grade of 10.73 g/t Au, released in February. To this end, we will be drilling 39,000 metres in 2013, and have begun work on an underground exploration drift that, once completed, will allow for better drilling access to the area between the two dykes on the property. The dykes occur at the eastern boundary of the currently defined deep resource. They are post-mineralized structures and they cut the mineralization perpendicularly, as witnessed in the upper horizons of the mine (see longitudinal). I am also pleased to say that work to extend the ramp to access the Deep C Zone has begun."
Chart 1: Longitudinal Section - Island Gold Mine: Deep drilling exploration results
| TABLE 1: NEW ISLAND GOLD DEEP DRILL RESULTS (1) |
| NOT INCLUDED IN JANUARY 2013 INFERRED MINERAL RESOURCE ESTIMATE |
| Hole Number | Length (metres) | From (metres) | To (metres) | True Width (metres) | Uncut Grade (g/t Au ) | Cut Grade (2) (g/t Au) | Zone (3) | Vertical depth of Intersection (metres) | |
| 400-514-08 | 588.00 | 411.93 | 417.34 | 3.06 | 45.45 | 17.53 | X | 702 | |
| including | 412.23 | 413.01 | 0.44 | 268.69 | 75.00 | ||||
| 400-514-11 | 804.00 | 714.90 | 719.90 | 2.02 | 6.97 | 6.97 | X | 1,002 | |
| including | 718.70 | 719.30 | 0.24 | 42.68 | 42.68 | ||||
| 400-514-13A | 683.20 | 570.00 | 576.60 | 3.25 | 5.70 | 5.70 | X | 860 | |
| 400-514-23 | 645.00 | 489.58 | 496.33 | 3.32 | 29.49 | 17.48 | X | 793 | |
| including | 489.58 | 489.98 | 0.20 | 134.00 | 75.00 | ||||
| including | 494.80 | 495.83 | 0.51 | 125.46 | 69.60 | ||||
| 616.48 | 627.00 | 5.30 | 47.59 | 10.11 | X | 895 | |||
| including | 616.48 | 617.26 | 0.39 | 580.50 | 75.00 | ||||
| 400-514-26 | 531.00 | 392.91 | 399.45 | 4.47 | 5.00 | 5.00 | C | 654 | |
| including | 398.47 | 398.81 | 0.23 | 54.70 | 54.70 | ||||
| 400-514-28 | 696.20 | 662.66 | 671.36 | 3.87 | 1.56 | 1.56 | C | 955 | |
| 400-516-03 | 435.00 | 324.60 | 333.55 | 5.75 | 7.94 | 7.94 | C | 622 | |
| including | 326.00 | 326.80 | 0.51 | 42.80 | 42.80 | ||||
| 400-516-04 | 558.00 | 399.00 | 407.28 | 4.69 | 4.03 | 4.03 | C | 695 | |
| including | 421.50 | 430.00 | 5.00 | 4.27 | 4.27 | X | 759 | ||
| 400-516-06W1 | 576.00 | 499.88 | 520.00 | 8.90 | 7.28 | 7.28 | C | 817 | |
| including | 500.60 | 501.14 | 0.24 | 54.59 | 54.59 | ||||
| 425-487-08 | 846.00 | 780.72 | 792.50 | 3.40 | 20.99 | 20.64 | X | 1,148 | |
| 425-487-11 | 598.81 | 430.00 | 442.50 | 6.20 | 10.04 | 10.04 | X | 766 | |
| 425-487-12 | 667.00 | 506.64 | 513.52 | 2.74 | 5.82 | 5.82 | X | 848 | |
| including | 508.00 | 508.62 | 0.25 | 40.60 | 40.60 | ||||
| 524.00 | 529.15 | 2.06 | 12.88 | 9.39 | X | 862 | |||
| including | 525.00 | 526.00 | 0.40 | 120.00 | 75.00 | ||||
| 594.82 | 600.60 | 2.33 | 3.42 | 3.42 | X | 921 | |||
| 435-478-01 | 690.00 | 536.00 | 541.50 | 2.60 | 7.98 | 7.98 | X | 884 | |
| 584.40 | 590.70 | 3.06 | 5.06 | 5.06 | X | 922 | |||
| 435-478-06 | 783.00 | 551.66 | 560.00 | 2.73 | 15.25 | 9.41 | C | 937 | |
| including | 552.54 | 553.00 | 0.15 | 181.00 | 75.00 | ||||
| 578.00 | 583.15 | 1.74 | 14.58 | 13.45 | X | 959 | |||
| including | 582.65 | 583.15 | 0.17 | 86.62 | 75.00 | ||||
| 617.55 | 622.15 | 1.53 | 5.77 | 5.77 | X | 993 | |||
| 626.15 | 648.95 | 7.62 | 5.13 | 5.13 | X | 1,009 | |||
| 700.00 | 708.00 | 2.76 | 6.05 | 6.05 | X | 1,066 | |||
| 425-487-14 | 550.00 | 470.20 | 481.00 | 5.64 | 7.56 | 7.56 | X | 807 | |
| 425-487-15 | 576.00 | 456.70 | 465.33 | 4.36 | 6.37 | 5.39 | X | 793 | |
| including | 458.93 | 459.28 | 0.18 | 99.25 | 75.00 | ||||
| 425-487-17 | 600.54 | 398.00 | 402.65 | 2.09 | 5.66 | 5.66 | X | 752 | |
| 466.00 | 475.10 | 4.20 | 4.08 | 4.08 | X | 807 | |||
| 533.23 | 553.50 | 9.62 | 20.45 | 13.64 | X | 863 | |||
| including | 544.16 | 544.60 | 0.21 | 344.89 | 75.00 | ||||
| including | 548.48 | 549.12 | 0.30 | 105.06 | 75.00 | ||||
| 435-478-05 | 615.00 | 390.70 | 394.10 | 1.85 | 2.32 | 2.32 | X | 721 | |
| 435-478-08A | 468.00 | 330.00 | 334.12 | 2.61 | 6.23 | 6.23 | C | 668 | |
| 435-478-09 | 666.00 | 575.25 | 581.20 | 1.75 | 1.49 | 1.49 | C | 971 | |
| GD-468-01W1 | 1,176.00 | 975.32 | 979.23 | 1.75 | 14.01 | 9.45 |
 test123 kjk Scroll down for more posts ▼
Top 10 Most Recent News Articles
LITE, RRC, SGRY: Are Shareholders Getting Shortchanged?What's Really Going On Here? Here's the skinny: Halper Sadeh LLC, that hard-hitting investor rights law firm, is poking their noses into some potential red flags over at a few companies you might have heard of—Lumentum Holdings (NASDAQ:LITE), Range Resources (NYSE:RRC), and Surgery Partners (NASDAQ:SGRY). They're sniffing around transactions that might leave the regular... Continue Reading
Tokenized Securities: Transfer Online's Next FrontierTransfer Online Teams Up with OnchainTA Hold onto your investment hats, folks—Transfer Online is linking arms with OnchainTA to step right into the future playground of tokenized securities. Now, what's that mean? Well, it's like jumping from sailing schooners to speedboats; we're entering a whole new era in capital markets. What's At Stake? The pair-up between these... Continue Reading
Cboe Fights CFTC Over Single-Stock Derivative ApprovalThe Battle Begins: Cboe's Legal Action Cboe Global Markets, the big kahuna in the equities and index derivatives scene, ain't just rolling over quietly. They've hopped on board with the Capital Markets Alliance in a legal dust-up against the Commodity Futures Trading Commission's (CFTC) decision to allow perpetual derivatives on U.S. stocks and ETFs. We're talking major... Continue Reading
First Industrial Declares Regular Dividend Amid Growth InsightsDividend Declaration Reflects Confidence First Industrial Realty Trust, folks, just put another office stamp on their ongoing reliability quest—and I'm talking dividends. They're shelling out a tidy $0.50 per share for Q4 2026, with stockholders due to see the cash on January 19, 2027. That's like clockwork precision, showing a steadiness in what some call the unruly... Continue Reading
Healthcare Consulting Market Hits $56.99B by 2031Market Set to Boom: $56.99 Billion by 2031 Grab your coffee and take a seat—this isn't your usual healthcare spiel. The healthcare consulting services market's cruising down a rapid growth highway, projected to tap dance to a whopping $56.99 billion by 2031, starting from $35.55 billion last year. We're talking a solid 9.9% CAGR, folks. Now, anytime numbers stack this... Continue Reading
Eunice Goldstein Winery's Luxe Holiday Gifting RevolutionShaking Up the Holiday Gifting Game You ever feel like holiday gifting is stuck in a rut? Same old generic bottles and baskets. But, here comes Eunice Chiweshe Goldstein Winery, charging in with a fresh take on holiday generosity. This ain't just about selling wine—this is about crafting an experience for both giver and receiver. Perfect for those looking to ditch the... Continue Reading
Micropos Medical's Push in High-Precision RadiotherapyMicropos Medical's Bold Steps into Radiotherapy Let's put a spotlight on a niche that's crying for attention: Micropos Medical is making waves in how we treat prostate cancer. They're leveraging technology with their Raypilot System, and they're partnering with the big guns at Johns Hopkins Medicine. Think about it — five patients in the U.S. are already seeing how this... Continue Reading
Satisfi Labs Secures Two AI Patents, Boosts ReachPaving the Future with Patents Ah, patents. Like stock dividends for the tech world—they don’t change everything outright but can signal some mighty good things ahead. This time around, it’s Satisfi Labs who are in the spotlight. They’ve bagged not one, but two shiny U.S. patents to bolster what they’re calling Satisfi Forward. Honestly, it sounds like a... Continue Reading
Terakeet's Game-Changer Moves: Mac Cummings' VisionMac Cummings: A Maverick at Terakeet's Helm So, here’s the deal—we’ve got Mac Cummings, a guy who's shaking up the marketing world just when we thought we had it all figured out. When you get a nod from ADWEEK's Innovator 50, it isn't because you played it safe. It's because you believed in disrupting the status quo. Cummings has taken Terakeet from a humble start... Continue Reading
ISU and Ares Forge Path in Solid-State Battery TechSolid-State Dreams Meet AI Magic Ah, the sweet sound of synergy. ISU Specialty Chemical and Ares Materials are brewing up something that could shake the battery world—solid-state cells juiced by AI-driven polymer magic. Now, the tech and finance geeks are likely on the edge of their seats. This isn't just another run-of-the-mill collab; it's a heavyweight match to speed... Continue ReadingTop 5 Most Recently Viewed Articles
Bluerock High Income Fund Delivers Impressive Returns in 2025Bluerock High Income Fund Announces Latest Financial Updates Bluerock High Income Institutional Credit Fund, a notable player in the investment landscape, has recently revealed its quarterly distribution figures. Currently, the Fund is set to distribute approximately $0.52 per share, which translates to a remarkable 9.0% annualized distribution rate. This latest... Continue Reading
Airlink Inc. Welcomes New Board Members for Critical MissionAirlink Inc. Welcomes New Leadership for 2025-2027 Airlink, Inc. is excited to introduce its new Board of Trustees members for the upcoming term, bringing a wealth of experience across diverse fields crucial to the aviation sector. This year's board welcomes six new members whose backgrounds span law, engineering, technology, and international relations, perfect for... Continue Reading
MindHYVE.ai™ Demonstrates ChironAI™ at Leading CME EventMindHYVE.ai™ Demonstrates ChironAI™ at Leading CME Event MindHYVE.ai™ recently made an impactful appearance at a prestigious Continuing Medical Education (CME) session focused on innovations in cardiovascular imaging. The event gathered a variety of healthcare professionals including senior cardiologists, radiologists, and imaging specialists from various regions,... Continue Reading
Optimized Projections for McDonald's Stock Amid Growth TrendsUBS Adjusts Price Target for McDonald's Stock McDonald's Corporation (NYSE: MCD) has recently captured the attention of investors, as UBS has raised its price target on the fast-food giant's stock from $305 to an impressive $345. This revision is buoyed by strong sales growth potential that the company is expected to experience through the end of 2024 and into 2025. With... Continue Reading
Kroger-Albertsons Merger: Key Insights and Market ImpactUnderstanding the Kroger-Albertsons Merger Situation The legal proceedings surrounding the merger between Kroger and Albertsons have the potential to reshape the grocery industry considerably. This courtroom battle is crucial, as it involves the largest supermarket merger proposal in U.S. history, raising numerous concerns from both consumers and investors. Initially... Continue Reading |