Delineation Drilling Continues to Demonstrate Significant
Potential to Convert High Grade Inferred Resources within the 2016
PEA Area
TORONTO, Oct. 12, 2016 /CNW/ - Richmont Mines Inc. (TSX:
RIC) (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."
2016 PEA DELINEATION DRILLING PROGRAM (Figure 1)
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.
Approximately 41,947 metres of delineation drilling have been
completed to date. Drill results continue to provide increased
confidence that a significant portion of the inferred resources
located in the 2016 PEA area could potentially be converted to
measured and indicated resources by year end, which could be
incorporated into the short-term mine plan and support a potential
near-term growth opportunity. Currently, two drill rigs continue to
operate from the 740 exploration drift and one from the 620
exploration drift to complete the 50,000 metre delineation drilling
program planned for 2016.
Recent drilling highlights from the western portion of the 2016
PEA area, between the 460 and 860 metre levels, include (Table 1
and Table 2):
- Hole 450-467-54: 28.26 g/t gold over 2.56 metres
- Hole 450-467-61A: 24.08 g/t gold over 3.70 metres
- Hole 740-477-01: 11.91 g/t gold over 8.11 metres
- Hole 740-477-02: 18.63 g/t gold over 7.28 metres
- Hole 740-477-03: 20.92 g/t gold over 9.69 metres
- Hole 740-477-04: 9.91 g/t gold over 12.00 metres
- Hole 740-477-05: 25.61 g/t gold over 7.81 metres
- Hole 740-483-02: 11.69 g/t gold over 11.28 metres
- Hole 740-483-04: 13.46 g/t gold over 9.28 metres
Recent drilling highlights from the potential fourth mining
horizon, between the 860 and 1,000 metre levels, include (Table 2
and Table 3):
- Hole 620-517-44: 16.12 g/t gold over 16.46 metres
- Hole 740-471-10: 33.51 g/t gold over 2.22 metres
Recent drilling highlights from the Extension 1 and Extension 2
areas of the eastern portion of the 2016 PEA area, above the 860
level, include (Table 4 and Table 5):
- Hole 620-524-35: 8.12 g/t gold over 3.83 metres
- Hole 620-524-36: 6.09 g/t gold over 8.49 metres
- Hole 620-538-01: 5.98 g/t gold over 2.52 metres
- Hole 620-548-01: 5.31 g/t gold over 3.31 metres
- Hole 620-548-02: 8.93 g/t gold over 2.27 metres
- Hole 620-548-03: 6.13 g/t gold over 3.13 metres
PHASE 2 EXPLORATION PROGRAM (Figure 2)
The 18 to 24 month, 142,000 metre Phase 2 exploration drilling
program that was launched in July continues to focus on four key
priorities: 1) to expand near-mine resources within the 2016 PEA
limits of the main deposit; 2) continuing to test the lateral
continuity of the known deposit to the east to potentially add new
resource blocks with the overall objective of extending mine life
above the 1,000 metre level; 3) to identify the next million-plus
ounce, high grade inferred resource in the vertical extension of
the deposit between the 1,000 and 1,500 metre levels; and 4)
continuing to test high priority regional gold targets across the
prospective Island Gold property.
Near-Mine Exploration Drilling Program (Figure 3)
The main objective of the near-mine exploration drilling program is
to expand near-mine inferred resources within the 2016 PEA area by
infilling gaps between current inferred resource blocks.
Approximately 10,232 metres of a planned 22,000 metres for 2016
have been completed with encouraging results received to date,
which increases our confidence for resource expansion within the
2016 PEA area. Currently, one drill rig is operating from
underground with a second drill to be mobilized later in
October.
Recent drilling highlights from the western portion, between the
740 and 860 metre levels, include (Table 2):
- Hole 740-477-06: 13.88 g/t gold over 7.52 metres
- Hole 740-477-07: 5.03 g/t gold over 8.11 metres
- Hole 740-477-08: 6.13 g/t gold over 10.65 metres
- Hole 740-483-03: 17.69 g/t gold over 8.33 metres
- Hole 740-483-17: 31.53 g/t gold over 2.56 metres
- Hole 740-486-06: 11.97 g/t gold over 4.49 metres
Recent drilling highlights from the potential fourth mining
horizon, between the 860 and 1,000 metre levels, include (Table
3):
- Hole 620-517-41: 12.60 g/t gold over 3.96 metres
- Hole 620-517-42: 12.47 g/t gold over 3.36 metres
- Hole 620-517-43: 35.21 g/t gold over 10.87 metres
- Hole 620-524-27: 29.15 g/t gold over 4.44 metres
Recent highlights from the Extension 1 and Extension 2 areas,
located in the eastern portion, above the 860 metre level and east
of the first dyke include (Table 4 and Table 5):
- Hole 620-524-24: 9.42 g/t gold over 3.16 metres
- Hole 620-524-26: 5.91 g/t gold over 4.10 metres
- Hole 620-524-28: 15.56 g/t gold over 4.30 metres
- Hole 620-524-37: 13.65 g/t gold over 3.10 metres
- Hole 620-543-38: 20.21g/t gold over 2.37 metres
- Hole 620-543-43: 10.65 g/t gold over 5.43 metres
- Hole 620-543-47: 10.85 g/t gold over 2.59 metres
- Hole 620-543-53: 8.34 g/t gold over 2.36 metres
Eastern Lateral Exploration and Infill Drilling Program
(Figure 4)
A key objective of the Phase 2 eastern lateral drilling program is
to add a new resource block where Phase 1 drilling intercepted 33.3
g/t gold over 2.6 metres located approximately 300 metres east of
the main deposit, outside the 2016 PEA area.
Approximately 3,833 metres of a planned 9,000 metres (including
3,000 metres of infill drilling) for the second half of 2016 have
been completed to test the lower portion of this mineralized area.
Drilling in the upper portion as well as the eastern extension of
the mineralized area will be completed over the balance of the
year. Currently, one drill rig is operating from surface to test
the eastern extension and one drill operating from underground will
be mobilized in mid-October.
Recent highlights include (Table 6):
- Hole GD-586-01: 4.02 g/t gold over 3.56 metres
- Hole GD-586-02A: 10.41 g/t gold over 2.06 metres
Deep Exploration Drilling Program Highlights: (Figure
5)
The 2016 deep directional exploration drilling program is to test
the eastern and western down plunge corridors between the 1,000 and
1,500 metre levels with the overall objective of discovering the
next million-plus ounces of high-grade inferred resources. In
the western area, new parallel zones located south of the main
mineralized zones were intercepted and we are currently compiling
and interpreting the geological data. Additional drilling is
required to better understand the structural geology at depth,
however these new zones increase the overall potential of the down
plunge extension, providing new high quality targets for follow up
drilling.
Approximately 6,360 metres of a planned 22,000 metres for 2016
have been completed to date. Drilling in the third quarter was
slower than planned as deeper targets were being tested. A seventh
drill was mobilized in late September to help accelerate drilling
over the balance of the year.
Recent highlights from exploration drilling include (Table
7):
- Hole MH2A-4: 5.66 g/t gold over 6.38 metres
- Hole MH3-7: 8.41 g/t gold over 5.60 metres
- Hole MH4-2: 5.14 g/t gold over 3.32 metres (new parallel
Zone)
- Hole MH4-3A: 17.77 g/t gold over 4.81 metres (new parallel
Zone)
- Hole MH5: 7.11 g/t gold over 2.23 metres (G1 Zone)
3.89 g/t gold over 2.54 metres (new parallel Zone)
- Hole MH1-9A: 26.56 g/t gold over 0.82 metres (X Zone)
Deep Infill Drilling Program Highlights: (Figure 5)
The objective of the deep infill drilling program is to define a
potential inferred resource block that was identified through the
Phase 1 program. The block is located in the eastern down plunge
extension of the C Zone between the 1,000 and 1,500 metre
levels.
Approximately 1,894 metres of a planned 5,000 metres for 2016
have been completed (50 metre drill spacing) to date. Infill
drilling will continue in this area over the balance of the year
utilizing one drill rig from surface. Infill drilling will
transition to underground drilling once access to the 860 metre
drift has been established.
Highlights from the first two holes have confirmed the
mineralization within this targeted area as follows (Table 7):
- Hole MH2A-5A: 14.99 g/t gold over 2.29 metres
- Hole MH2A-6: 6.46 g/t gold over 4.39 metres
Phase 2 Regional Drilling Program
The Phase 2 regional
drilling program is designed to continue to evaluate the potential
extension of the mineralization below the Kremzar mine as well as
other previously identified high-priority gold targets located
elsewhere on the highly prospective 77 km2 Island Gold property.
The Phase 2 regional drilling program is expected to begin in late
2016 or early 2017.
Qualified Persons
The scientific and technical content
and interpretations contained in this news release have been
reviewed, verified and approved by Daniel
Adam P. Geo., Ph.D., Richmont's Vice-President, Exploration,
a Qualified Person as defined by NI 43-101.
Quality Control
Assays for the exploration drilling
were done at LabExpert in Rouyn-Noranda. Mineralized zones samples will
be resent for verification in an accredited laboratory. The
Corporation inserts at regular intervals quality control (QC)
samples (blanks and reference materials) to monitor laboratory
performance.
About Richmont Mines Inc.
Richmont Mines has produced
over 1.6 million ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production. The
Corporation currently produces gold from the Island Gold Mine in
Ontario, and the Beaufor Mine in
Quebec. The Corporation is also
advancing development of the significant high-grade resource
extension at depth of the Island Gold Mine in Ontario. With 35 years of experience in gold
production, exploration and development, and prudent financial
management, the Corporation is well-positioned to cost-effectively
build its Canadian reserve base and to successfully enter its next
phase of growth.
Forward-Looking Statements
This news release contains
forward-looking statements that include risks and uncertainties.
When used in this news release, the words "estimate", "project",
"anticipate", "expect", "intend", "believe", "hope", "may",
"objective" and similar expressions, as well as "will", "shall" and
other indications of future tense, are intended to identify
forward-looking statements. The forward-looking statements are
based on current expectations and apply only as of the date on
which they were made. Except as may be required by law or
regulation, the Corporation undertakes no obligation and disclaims
any responsibility to publicly update or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise.
The factors that could cause actual results to differ materially
from those indicated in such forward-looking statements include,
without limitation, changes in the prevailing price of gold, the
Canadian-United States exchange rate, grade of ore mined and
unforeseen difficulties in mining operations that could affect
revenue and production costs. Other factors such as uncertainties
regarding government regulations and the failure of our exploration
drilling programs to identify significant new resources or targets
or expand existing resources could also affect the results. Other
risks are set out in Richmont's Annual Information Form, Annual
Reports and periodic reports. The forward-looking information
contained herein is made as of the date of this news release.
Cautionary note to US investors concerning resource
estimates
Information in this press release is intended to
comply with the requirements of the Toronto Stock Exchange and
applicable Canadian securities legislation, which differ in certain
respects with the rules and regulations promulgated under the
United States Securities Exchange Act of 1934, as amended
("Exchange Act"), as promulgated by the SEC. The requirements of
National Instrument 43-101 – Standards of Disclosure for
Mineral Projects ("NI 43-101) adopted by the Canadian
Securities Administrators differ significantly from the
requirements of the United States Securities and Exchange
Commission (the "SEC").
U.S. Investors are urged to consider the disclosure in our
annual report on Form 20-F, File No. 001-14598, as filed with the
SEC under the Exchange Act, which may be obtained from us (without
cost) or from the SEC's web site: http://sec.gov/edgar.shtml.
Tables of Drill Results
TABLE
1
LATERAL
EXPLORATION
(West of Main Zone
- Higher than 740 LEVEL)
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
450-467-51A
|
291
|
207.72
|
214.36
|
5.24
|
4.51
|
4.51
|
C
|
576
|
450-467-52
|
390
|
226.30
|
230.10
|
2.77
|
6.24
|
6.24
|
C
|
599
|
450-467-54
|
381
|
194.22
|
197.32
|
2.56
|
28.26
|
28.26
|
C
|
555
|
450-467-55
|
264
|
175.34
|
180.56
|
4.68
|
8.38
|
8.38
|
C
|
526
|
450-467-56A
|
305
|
175.03
|
177.36
|
2.15
|
0.50
|
0.50
|
C
|
511
|
450-467-58
|
300
|
255.00
|
258.08
|
2.07
|
2.78
|
2.78
|
C
|
622
|
450-467-59
|
255
|
194.71
|
197.85
|
2.50
|
1.99
|
1.99
|
C
|
549
|
450-467-60
|
342
|
246.00
|
249.88
|
2.69
|
3.67
|
3.67
|
C
|
620
|
450-467-61A
|
285
|
198.71
|
203.30
|
3.70
|
31.14
|
24.08
|
C
|
562
|
including
|
|
202.40
|
202.90
|
0.40
|
159.81
|
95.00
|
|
|
450-467-62A
|
210
|
170.50
|
174.13
|
3.30
|
4.26
|
4.26
|
C
|
511
|
450-467-63
|
406
|
255.30
|
258.40
|
2.15
|
4.94
|
4.94
|
C
|
626
|
450-467-64
|
306
|
232.80
|
237.00
|
3.05
|
1.78
|
1.78
|
C
|
595
|
450-467-65
|
375
|
228.14
|
230.97
|
2.06
|
4.24
|
4.24
|
C
|
600
|
460-457-01
|
250
|
194.50
|
197.30
|
2.50
|
6.09
|
6.09
|
C
|
524
|
460-457-02
|
400
|
213.20
|
216.30
|
2.60
|
98.68
|
11.60
|
C
|
558
|
including
|
|
213.65
|
214.00
|
0.29
|
866.27
|
95.00
|
|
|
460-457-03
|
291
|
227.84
|
231.00
|
2.47
|
1.42
|
1.42
|
C
|
585
|
TABLE
2
LATERAL
EXPLORATION
(West of Main Zone
- Lower than 740 LEVEL)
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
740-471-01
|
171
|
120.51
|
124.50
|
3.85
|
0.73
|
0.73
|
C
|
776
|
740-471-02
|
201
|
143.90
|
147.45
|
2.86
|
1.57
|
1.57
|
C
|
832
|
740-471-03
|
318
|
157.00
|
159.87
|
2.05
|
1.04
|
1.04
|
C
|
858
|
740-471-04
|
243
|
182.00
|
187.60
|
3.57
|
6.85
|
6.85
|
C
|
888
|
740-471-05
|
180
|
122.20
|
129.16
|
6.62
|
2.20
|
2.20
|
C
|
766
|
740-471-06
|
192
|
127.40
|
133.40
|
5.54
|
7.13
|
7.13
|
C
|
785
|
740-471-07
|
201
|
136.48
|
140.70
|
3.58
|
1.37
|
1.37
|
C
|
814
|
740-471-08
|
291
|
149.13
|
152.56
|
2.62
|
2.18
|
2.18
|
C
|
838
|
740-471-09
|
342
|
176.30
|
186.40
|
6.75
|
2.27
|
2.27
|
C
|
877
|
740-471-10
|
270
|
193.80
|
197.50
|
2.22
|
135.61
|
33.51
|
C
|
900
|
including
|
|
194.80
|
195.80
|
0.60
|
472.77
|
95.00
|
|
|
740-471-11
|
177
|
122.90
|
125.30
|
2.32
|
1.14
|
1.14
|
C
|
778
|
740-471-12
|
177
|
123.30
|
127.90
|
4.24
|
4.11
|
4.11
|
C
|
794
|
740-471-13
|
200
|
147.80
|
150.33
|
2.01
|
8.74
|
8.74
|
C
|
836
|
740-477-01
|
384
|
178.32
|
190.31
|
8.11
|
22.28
|
11.91
|
C
|
872
|
including
|
|
187.23
|
188.23
|
0.68
|
219.32
|
95.00
|
|
|
740-477-02
|
354
|
170.00
|
179.92
|
7.28
|
21.55
|
18.63
|
C
|
855
|
including
|
|
172.35
|
173.09
|
0.54
|
114.89
|
95.00
|
|
|
including
|
|
178.11
|
179.11
|
0.73
|
109.17
|
95.00
|
|
|
740-477-03
|
339
|
162.61
|
175.02
|
9.69
|
31.25
|
20.92
|
C
|
836
|
including
|
|
168.90
|
170.50
|
1.25
|
115.70
|
54.27
|
|
|
740-477-04
|
309
|
146.15
|
160.11
|
12.00
|
13.10
|
9.91
|
C
|
810
|
740-477-05
|
291
|
139.62
|
148.13
|
7.81
|
44.53
|
25.61
|
C
|
787
|
including
|
|
141.62
|
144.00
|
2.18
|
211.69
|
95.00
|
|
|
740-477-06
|
504
|
130.40
|
138.30
|
7.52
|
17.57
|
13.88
|
C
|
766
|
including
|
|
134.10
|
135.00
|
0.86
|
127.40
|
95.00
|
|
|
740-477-07
|
303
|
134.80
|
143.20
|
8.11
|
5.03
|
5.03
|
C
|
738
|
including
|
|
137.00
|
137.70
|
0.68
|
52.69
|
52.69
|
|
|
740-477-08
|
318
|
137.60
|
148.60
|
10.65
|
6.13
|
6.13
|
C
|
715
|
including
|
|
147.10
|
147.60
|
0.48
|
48.85
|
48.85
|
|
|
740-477-09
|
390
|
217.84
|
223.07
|
3.18
|
5.82
|
5.82
|
C
|
912
|
740-477-10
|
365
|
200.60
|
204.43
|
2.52
|
4.75
|
4.75
|
C
|
889
|
740-477-11
|
420
|
168.30
|
179.00
|
7.64
|
23.90
|
11.07
|
C
|
860
|
including
|
|
169.60
|
172.30
|
1.93
|
73.48
|
22.65
|
|
|
including
|
|
176.30
|
177.00
|
0.50
|
67.10
|
67.10
|
|
|
740-477-12
|
313
|
156.90
|
161.60
|
3.73
|
5.03
|
5.03
|
C
|
835
|
740-477-13
|
303
|
145.70
|
149.70
|
3.43
|
3.16
|
3.16
|
C
|
813
|
740-477-14
|
423
|
134.00
|
138.21
|
3.91
|
25.17
|
25.17
|
C
|
786
|
740-477-15
|
260
|
129.40
|
137.05
|
7.54
|
1.17
|
1.17
|
C
|
752
|
740-477-16
|
249
|
139.30
|
143.10
|
3.73
|
0.39
|
0.39
|
C
|
715
|
740-477-17
|
270
|
192.00
|
199.00
|
4.61
|
6.05
|
6.05
|
C
|
885
|
740-477-26
|
225
|
152.00
|
156.00
|
3.77
|
0.59
|
0.59
|
C
|
734
|
740-477-27
|
231
|
149.00
|
153.00
|
3.75
|
0.34
|
0.34
|
C
|
748
|
740-483-01
|
210
|
160.00
|
169.00
|
7.76
|
6.60
|
6.60
|
C
|
812
|
740-483-02
|
270
|
184.77
|
199.76
|
11.28
|
14.72
|
11.69
|
C
|
855
|
including
|
|
194.77
|
195.27
|
0.38
|
186.04
|
95.00
|
|
|
including
|
|
196.27
|
197.27
|
0.75
|
74.43
|
74.43
|
|
|
740-483-03
|
300
|
201.00
|
213.75
|
8.33
|
17.69
|
17.69
|
C
|
886
|
including
|
|
202.00
|
205.40
|
2.22
|
62.23
|
62.23
|
|
|
740-483-04
|
220
|
178.32
|
190.29
|
9.28
|
49.41
|
13.46
|
C
|
844
|
including
|
|
178.61
|
179.00
|
0.30
|
1198.12
|
95.00
|
|
|
740-483-05
|
270
|
204.00
|
211.45
|
5.03
|
84.74
|
15.67
|
C
|
883
|
including
|
|
204.00
|
204.74
|
0.50
|
292.80
|
95.00
|
|
|
including
|
|
208.55
|
208.85
|
0.20
|
1322.21
|
95.00
|
|
|
740-483-08
|
273
|
203.72
|
207.13
|
2.36
|
1.55
|
1.55
|
C
|
875
|
740-483-09
|
300
|
213.57
|
224.00
|
6.75
|
7.95
|
6.58
|
C
|
895
|
740-483-10
|
324
|
183.10
|
192.13
|
7.04
|
7.26
|
7.26
|
C
|
842
|
740-483-11
|
234
|
180.00
|
189.48
|
7.35
|
0.91
|
0.91
|
C
|
835
|
740-483-12
|
324
|
198.33
|
202.55
|
3.06
|
0.35
|
0.35
|
C
|
862
|
740-483-13
|
291
|
215.20
|
218.80
|
2.33
|
7.93
|
7.93
|
C
|
890
|
740-483-14
|
385
|
230.00
|
233.60
|
2.27
|
0.34
|
0.34
|
C
|
891
|
740-483-17
|
177
|
153.85
|
156.50
|
2.56
|
31.53
|
31.53
|
C
|
732
|
including
|
|
155.00
|
156.00
|
0.97
|
77.68
|
77.68
|
|
|
740-483-18
|
177
|
147.05
|
151.95
|
4.81
|
4.25
|
4.25
|
C
|
738
|
740-486-04
|
111
|
79.27
|
85.37
|
4.09
|
2.67
|
2.67
|
C
|
791
|
740-486-05
|
99
|
72.65
|
78.00
|
4.01
|
4.14
|
4.14
|
C
|
780
|
740-486-06
|
102
|
74.24
|
80.75
|
4.49
|
24.66
|
11.97
|
C
|
781
|
including
|
|
78.53
|
79.21
|
0.47
|
216.45
|
95.00
|
|
|
740-486-08
|
195
|
94.20
|
102.82
|
4.50
|
2.76
|
2.76
|
C
|
812
|
740-486-09
|
129
|
97.93
|
112.78
|
8.34
|
6.02
|
6.02
|
C
|
819
|
740-486-10
|
112
|
88.32
|
94.98
|
4.09
|
2.53
|
2.53
|
C
|
802
|
740-486-11
|
180
|
106.57
|
112.50
|
3.29
|
5.35
|
5.35
|
C
|
809
|
740-486-12
|
168
|
126.95
|
135.30
|
3.71
|
1.02
|
1.02
|
C
|
837
|
740-486-13
|
174
|
115.35
|
126.55
|
4.81
|
2.64
|
2.64
|
C
|
838
|
740-486-14
|
156
|
106.00
|
117.75
|
6.01
|
4.08
|
4.08
|
C
|
824
|
TABLE
3
NEAR
MINE
(Main Zone - Lower
than 845 LEVEL)
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
620-517-41
|
462
|
399.26
|
410.40
|
3.96
|
40.29
|
12.60
|
C
|
984
|
including
|
|
402.95
|
404.00
|
0.37
|
385.04
|
91.25
|
|
|
620-517-42
|
441
|
372.09
|
380.13
|
3.36
|
12.47
|
12.47
|
C
|
948
|
including
|
|
374.09
|
375.83
|
0.73
|
31.15
|
31.15
|
|
|
620-517-43
|
420
|
307.86
|
332.34
|
10.87
|
48.11
|
35.21
|
C
|
893
|
including
|
|
309.98
|
316.96
|
3.10
|
66.86
|
46.68
|
|
|
including
|
|
324.22
|
332.34
|
3.61
|
79.75
|
58.20
|
|
|
620-517-44
|
420
|
313.74
|
349.42
|
16.46
|
37.03
|
16.12
|
C
|
902
|
including
|
|
313.74
|
317.60
|
1.78
|
223.98
|
65.13
|
|
|
including
|
|
337.55
|
341.95
|
2.03
|
75.01
|
44.81
|
|
|
620-517-45
|
411
|
295.00
|
300.00
|
2.16
|
-
|
-
|
Dyke out
|
874
|
760-502-03
|
210
|
143.90
|
148.55
|
3.08
|
2.38
|
2.38
|
C
|
859
|
TABLE
4
NEAR
MINE
(EXTENSION
1)
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
620-524-22
|
261
|
206.00
|
209.53
|
2.42
|
0.87
|
0.87
|
C
|
758
|
620-524-23
|
285
|
245.48
|
249.50
|
2.39
|
0.29
|
0.29
|
C
|
797
|
620-524-24
|
291
|
235.64
|
241.16
|
3.16
|
11.50
|
9.42
|
C
|
801
|
620-524-25
|
336
|
280.43
|
290.63
|
5.02
|
2.07
|
2.07
|
C
|
852
|
620-524-26
|
335
|
269.48
|
277.63
|
4.10
|
7.90
|
5.91
|
C
|
833
|
620-524-27
|
405
|
339.71
|
349.50
|
4.44
|
57.71
|
29.15
|
C
|
911
|
including
|
|
341.50
|
346.00
|
2.04
|
117.88
|
55.76
|
|
|
including
|
|
342.52
|
344.60
|
0.94
|
229.41
|
95.00
|
|
|
620-524-28
|
330
|
257.92
|
266.00
|
4.30
|
23.64
|
15.56
|
C
|
819
|
including
|
|
259.72
|
262.97
|
1.73
|
57.21
|
37.13
|
|
|
including
|
|
260.23
|
260.64
|
0.22
|
254.20
|
95.00
|
|
|
620-524-29
|
501
|
388.54
|
394.58
|
2.25
|
0.79
|
0.79
|
C
|
947
|
620-524-34
|
300
|
223.41
|
226.75
|
2.09
|
0.32
|
0.32
|
C
|
782
|
620-524-35
|
330
|
244.88
|
252.00
|
3.83
|
8.12
|
8.12
|
C
|
816
|
620-524-36
|
387
|
268.90
|
286.40
|
8.49
|
6.09
|
6.09
|
C
|
849
|
620-524-37
|
330
|
254.90
|
260.70
|
3.10
|
13.65
|
13.65
|
C
|
821
|
620-538-01
|
186
|
145.70
|
148.22
|
2.52
|
5.98
|
5.98
|
C
|
601
|
620-538-05
|
231
|
194.77
|
197.45
|
2.37
|
0.12
|
0.12
|
C
|
686
|
TABLE
5
NEAR
MINE
(EXTENSION
2)
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
620-543-33
|
210
|
185.00
|
187.50
|
2.17
|
0.13
|
0.13
|
E1E
|
690
|
620-543-37
|
295
|
259.96
|
265.00
|
3.37
|
0.61
|
0.61
|
E1E
|
776
|
620-543-38
|
177
|
140.42
|
142.82
|
2.37
|
20.56
|
20.21
|
E1E
|
618
|
including
|
|
142.22
|
142.82
|
0.59
|
71.32
|
69.89
|
|
|
620-543-40
|
240
|
207.50
|
210.20
|
2.22
|
4.35
|
4.35
|
E1E
|
701
|
620-543-41
|
222
|
196.91
|
199.42
|
2.16
|
3.35
|
3.35
|
E1E
|
687
|
620-543-43
|
360
|
270.62
|
280.10
|
5.43
|
10.65
|
10.65
|
E1E
|
823
|
620-543-44
|
402
|
303.60
|
325.60
|
11.34
|
2.84
|
2.84
|
E1E
|
868
|
620-543-45
|
333
|
245.00
|
251.90
|
4.18
|
0.73
|
0.73
|
E1E
|
792
|
620-543-46
|
360
|
283.70
|
290.80
|
3.79
|
5.12
|
5.12
|
E1E
|
834
|
620-543-47
|
390
|
304.61
|
309.73
|
2.59
|
10.85
|
10.85
|
E1E
|
859
|
620-543-48
|
141
|
107.16
|
110.17
|
2.73
|
0.30
|
0.30
|
E1E
|
558
|
620-543-49
|
138
|
105.40
|
109.20
|
3.42
|
3.41
|
3.41
|
E1E
|
559
|
620-543-50
|
135
|
111.50
|
115.00
|
3.06
|
0.01
|
0.01
|
E1E
|
557
|
620-543-51
|
141
|
118.76
|
122.76
|
3.84
|
0.72
|
0.72
|
E1E
|
580
|
620-543-52
|
198
|
173.00
|
176.15
|
2.90
|
3.99
|
3.99
|
E1E
|
662
|
620-543-53
|
157
|
132.79
|
135.17
|
2.36
|
8.34
|
8.34
|
E1E
|
605
|
620-543-54
|
159
|
124.50
|
127.35
|
2.78
|
1.71
|
1.71
|
E1E
|
582
|
620-545-01
|
171
|
141.00
|
144.00
|
2.91
|
0.12
|
0.12
|
E1E
|
583
|
620-545-02
|
186
|
162.28
|
164.95
|
2.63
|
3.60
|
3.60
|
E1E
|
603
|
620-548-01
|
147
|
126.27
|
129.79
|
3.31
|
5.31
|
5.31
|
E1E
|
559
|
620-548-02
|
147
|
127.70
|
130.15
|
2.27
|
8.93
|
8.93
|
E1E
|
557
|
620-548-03
|
150
|
130.07
|
133.58
|
3.13
|
6.13
|
6.13
|
E1E
|
554
|
TABLE
6
DEEP DRILLING AND
LATERAL EAST DEEP DRILLING
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
GD-586-01
|
975
|
780.23
|
785.20
|
3.56
|
4.02
|
4.02
|
E1E
|
658
|
GD-586-02A
|
960
|
840.70
|
844.00
|
2.06
|
10.41
|
10.41
|
E1E
|
744
|
GD-590-06A
|
897
|
749.02
|
757.00
|
4.94
|
2.09
|
2.09
|
E1E
|
674
|
GD-590-07
|
963
|
779.00
|
781.65
|
1.56
|
1.97
|
1.97
|
E1E
|
716
|
GD-586-03C
|
1,000
|
745.75
|
747.35
|
1.18
|
1.38
|
1.38
|
E1E
|
607
|
TABLE
7
DEEP DRILLING
PROGRAM
|
Hole
Number
|
Length
(metres)
|
From
(metres)
|
To
(metres)
|
True
Width
(metres)
|
Uncut
Grade
(g/t Au)
|
Cut
Grade
(g/t Au)
|
Zone
|
Vertical depth
of Intersection
(metres)
|
MH1-8
|
1,671
|
1,526.35
|
1,531.50
|
1.77
|
4.86
|
4.86
|
E1E
|
1,434
|
MH1-9A
|
1,619
|
1,258.43
|
1,259.68
|
0.82
|
33.84
|
26.56
|
X
|
1,132
|
MH1-9A
|
1,619
|
1,408.35
|
1,408.90
|
0.36
|
22.53
|
22.53
|
C
|
1,256
|
including
|
|
1,258.43
|
1,258.77
|
0.22
|
121.75
|
95.00
|
|
|
MH2A-4
|
1,457
|
1,210.49
|
1,216.32
|
4.12
|
4.91
|
4.91
|
X
|
1,074
|
MH2A-4
|
1,457
|
1,331.70
|
1,340.65
|
6.38
|
5.66
|
5.66
|
E1E
|
1,172
|
MH2A-5A
|
1,544
|
1,368.50
|
1,372.00
|
2.29
|
14.99
|
14.99
|
E1E
|
1,234
|
MH2A-6
|
1,433
|
1,305.00
|
1,310.67
|
4.39
|
6.46
|
6.46
|
E1E
|
1,141
|
MH3-7
|
1,607
|
1,384.80
|
1,404.40
|
5.60
|
10.25
|
8.41
|
E1E
|
1,278
|
including
|
|
1,384.85
|
1,385.85
|
0.29
|
88.37
|
82.35
|
|
|
including
|
|
1,399.50
|
1,400.00
|
0.14
|
154.80
|
95.00
|
|
|
MH3-8
|
1,646
|
1,423.17
|
1,424.15
|
0.37
|
1.10
|
1.10
|
E1E
|
1,314
|
MH4
|
1,500
|
1,059.77
|
1,069.56
|
7.42
|
1.36
|
1.36
|
X
|
895
|
MH4-2
|
1,624
|
1,084.37
|
1,093.61
|
6.61
|
1.69
|
1.69
|
X
|
932
|
including
|
|
1,086.40
|
1,089.90
|
2.50
|
3.80
|
3.80
|
X
|
936
|
MH4-2
|
1,624
|
1,143.13
|
1,147.77
|
3.32
|
5.14
|
5.14
|
X
|
979
|
MH4-3A
|
1,550
|
1,106.90
|
1,113.82
|
4.81
|
17.77
|
17.77
|
X
|
951
|
including
|
|
1,108.34
|
1,109.96
|
1.13
|
65.26
|
65.26
|
|
|
MH5
|
1,500
|
1,105.50
|
1,108.85
|
2.54
|
3.89
|
3.89
|
X
|
967
|
MH5
|
1,500
|
1,172.80
|
1,175.20
|
1.82
|
1.73
|
1.73
|
X
|
1,021
|
MH5
|
1,500
|
1,304.35
|
1,308.20
|
2.92
|
3.48
|
3.48
|
X
|
1,128
|
MH5
|
1,500
|
1,313.35
|
1,316.30
|
2.23
|
7.11
|
7.11
|
G1
|
1,135
|
including
|
|
1,314.00
|
1,314.30
|
0.23
|
55.17
|
55.17
|
|
|
SOURCE Richmont Mines