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Richmond Minerals Announces Acquisition of Additional Exploration Licenses Targeting Gold and Critical Metals
TORONTO / Oct 12, 2022 / Business Wire / Richmond Minerals Inc. (TSXV: RMD) (“Richmond” or the “Company”) is pleased to announce the acquisition (through map st
About this update from Richmond Minerals Inc.
[{"type":"text","content":"TORONTO / Oct 12, 2022 / Business Wire / Richmond Minerals Inc. (TSXV: RMD) (“Richmond” or the “Company”) is pleased to announce the acquisition (through map staking) of 364 exploration licenses (“Freischürfe” type) in the Schellgaden and Kreuzeck-Goldeck areas located in Carinthia and Salzburg regions of Austria. These additional licenses are prospective for gold (“Au”) and antimony (“Sb”) mineralization. Richmond also acquired 192 base metal exploration licenses covering an area of approximately 92.3 km² in the Tyrol, Leogang and Seekar areas of Austria. These licenses are prospective for cobalt (“Co”) and nickel (“Ni”) mineralization. Gold Properties Richmond acquired an additional 57 exploration licenses covering an area of 25.6 km² in the Goldeck-Siflitz Property region, where mining dates back to the 14th century. Located in the East Alpine Nappe of the Drauzug-Gurktal Nappe System, historical mining here focussed initially on Sb, followed by Au mining in the early 20th century. Locally the Sb mineral stibnite was mined at the Wallner Stollen/Guginock mines and various scattered local adits from lens-shaped ore bodies, and auriferous arsenopyrite from quartz-rich veins. Structurally controlled disseminated Au-As mineralization is either hosted in phyllites to garnet-mica schists, or within quartz veins and strongly silicified fault-zones. Located within these newly acquired licenses, the Guginock mine is located 2.1 km E of the town Lind im Drautal at an elevation of 1580 m ASL. A review of available historical data determined that the mine was in production from 1894 to the 1930’s. The host rock is phyllite and the minerals mined were Sb, Au and As. Of particular note a 20 m zone of Au-As mineralization hosted in a fault/shear zone mined at the phyllite/marble contact yielded a grade of 20 g/t Au (reported by Hiessleitner, 1949). Also a five 12 m channel samples collected in 1922 averaged 5 g/t Au. A second local Sb mine located within the newly acquired licenses and is referred to as the Wallner Stollen historic Sb mine and was active from 14th to 18th century. The host rock here is also described as a phyllite/marble contact. The Vorder Siflitz Property is located within the north flank of the Siflitz valley, northeast of the town Lind im Drautal. Vorder Siflitz was an area of active mining between 16th - 19th centuries...