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News Breaks | | | | February 25, 2013 | | 08:00 EDT |  | RIC | Richmont Mines adds new high-grade inferred mineral resources of 508K Au ounces
Richmont Mines announces a first inferred mineral resource estimate for the C Zone at depth at its operating Island Gold Mine near Wawa, Ontario. New C Zone inferred mineral resource estimate of 1.5M tonnes grading 10.73 g/t Au for 508,000 ounces. The C Zone is sub-vertical, at depths of between 450 metres and 1,000 metres, and appears to be an extension of the areas currently being mined. The mineral resource has been drilled on an approximate 50 m x 50 m pattern, with 55 drill hole intercepts, about 60% of which contained visible gold; The average true width of the new C Zone at depth is estimated at 4.5 metres, compared to an average of 2.7 metres above the 400 metre level; and Preliminary metallurgical testing on representative samples have shown high recovery rates. | |
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