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- C Zone unpublished drill results included in the January 2013 Island Gold Deep C Zone Mineral Resource estimate include (all cut grades over true widths): 36.91 g/t Au over 2.05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
Waters Acquires MOBILion: Ion Mobility Meets AIMOBILion Joins Waters' Fold: A New Era for Proteomics Ah, the biotech world just saw another big whirl with Waters Corporation snagging MOBILion Systems. Now, this isn't just some stroll in the market park. We're talking about weaving MOBILion's fancy high-resolution ion mobility separation tech right into Waters' already robust mass spectrometry setup. These folks are... Continue Reading
PrimeBOT: Breaking Tech Molds with Celeb BackingNot Your Average Tech Buzz It starts with Hollywood glitz and an unexpected dance partner. The PrimeBOT, a Chinese personal robot, is ditching the drab tech corner and seeping into mainstream culture. Imagine Johnny Depp slapping some paint on this machine alongside local kids. Now, picture the Kardashians casually dining with it, letting it join their lunchtime... Continue Reading
Duke Energy Florida Plans Major Rate Cut for 2027Slashing Rates to Keep Customers Happy Staring down utility bills isn't anyone's favorite pastime, but there's some good news for folks under Duke Energy Florida's wings. Come January 2027, customers throughout the Sunshine State are in for a surprise on their electricity bills—lower numbers! A $33 slash in the typical residential power bill could be just around the... Continue Reading
Curaleaf Eyes Aurora Amid Alternative from OrganigramCuraleaf's Determined Pursuit of Aurora Another day, another chess move in the cannabis world. Curaleaf is standing tall amid talk of a buyout, putting a foot forward to highlight its determination in the battle for Aurora. They've put forth an alternative to the proposal poised by Organigram, raising stakes and eyebrows alike. Aurora Cannabis is in the middle of a dance... Continue Reading
YR Fitness Rolls Out Innovator's Iron at FIBO 2027A New Era of Strength Training Equipment? That's the question I asked myself when I heard about YR Fitness showcasing their latest gym gear at FIBO 2027. This isn't just another batch of machines rolling off the production line. YR Fitness has become quite the icon in China for strength equipment, and they're dead set on shaking up the market in Cologne, Germany from... Continue Reading
Lumentum Holders Question Marvell Deal Fairness: Legal EyesWhat's Brewing with Lumentum and Marvell? There's no denying the chatter on Wall Street when there's a potential shake-up, especially with a big merger at stake. We're staring down the barrel of an investigation concerning Lumentum Holdings Inc. (NASDAQ: LITE) and Marvell Technology, Inc.'s deal. The M&A Class Action Firm, helmed by Juan Monteverde, is the name leading... Continue Reading
Midterms Stir Markets; Event Contracts Fuel Q3 GainsMidterms Mingle with Financial Markets Folks, throw those ballots into the ring, because today the midterms are kicking things off and boy, are they shaking up the game on these prediction markets. Traders and exchanges are on their toes, and the money's flowing like cold brew in July. Robinhood, Intercontinental Exchange, CME Group, and others reported noticeable ripples... 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
Swif.ai Paves Linux Path for Enterprise DevelopersThe Quiet Revolution: Linux Takes Center Stage Linux, once the underdog of operating systems, is gaining significant traction in the world of AI development. It's not just a nerd's sandbox anymore; it's rapidly becoming the go-to platform for cutting-edge AI innovation. Now, more enterprise IT departments are facing the choice of keeping up with Linux's popularity—or... Continue Reading
Xi Jinping's Vision for China's Financial EvolutionXi's Blueprint for Financial Strength Xi Jinping isn't just whistling Dixie when it comes to reshaping China's financial landscape. His vision is about more than pushing paper; it's about embedding honesty, prudence, and traditional values into the very DNA of China's financial sector. When he talks about enhancing both hard and soft power, he’s thinking wider than... Continue ReadingTop 5 Most Recently Viewed Articles
Nu Skin Enterprises Plans to Reveal Financial Results SoonNu Skin Enterprises to Unveil Third Quarter Results Nu Skin Enterprises, Inc. (NYSE: NUS) has officially announced its plans to disclose third-quarter financial results after the market closes on a specified future date. Investors and stakeholders can anticipate insights into the company’s performance and business movements during a scheduled conference call with the... Continue Reading
Faruqi & Faruqi Investigates Investor Claims Against Domino'sFaruqi & Faruqi's Investigation into Domino's Pizza Faruqi & Faruqi, LLP is known for its dedicated work in securities litigation. Recently, it has turned its focus towards investigating the matter concerning Domino's Pizza, Inc. (NYSE: DPZ). This investigation is of particular interest to investors who may have suffered financial losses exceeding $100,000 Understanding... Continue Reading
How to Repair QuickBooks with QuickBooks Repair Tools?QuickBooks repair tools, available in the QuickBooks Tool Hub, are designed to fix common issues like company file corruption, installation errors, network problems, etc. If your QuickBooks isn’t running smoothly, this guide will explain how to repair QuickBooks or company file using File Doctor, Quick Fix My Program, and other utilities. Like other accounting software,... Continue Reading
Discover Epitomee Medical's Innovative Oral Delivery SolutionsEpitomee Medical's Groundbreaking Presentation at the Conference Epitomee Medical Ltd. (TASE: EPIT), a distinguished leader in the field of drug delivery, is set to showcase its innovative Oral Delivery of Biologics Platform at the upcoming 14th Annual PODD Conference - Partnership Opportunities in Drug Delivery. The event is a hallmark in the industry and will take place... Continue Reading
Explore the Heartwarming Lessons of 'But I Said I'm Sorry'Understanding Repentance and Forgiveness Through Literature The Jewish High Holidays are a time for reflection and growth, highlighting the importance of values like repentance and forgiveness. One winning way to teach these principles to children is through engaging literature. A wonderful addition to any family’s reading list is the award-winning children's book, 'But... Continue Reading |