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Richmond Minerals Announces Resumption of Exploration Work at the Ridley Lake Project, Timmins, Ontario
TORONTO / Apr 13, 2023 / Business Wire / Richmond Minerals Inc. (TSX-V: RMD) ("Richmond" or the "Company") is pleased to announce that Phase V exploration work
About this update from Richmond Minerals Inc.
[{"type":"text","content":"TORONTO / Apr 13, 2023 / Business Wire / Richmond Minerals Inc. (TSX-V: RMD) (\"Richmond\" or the \"Company\") is pleased to announce that Phase V exploration work has resumed at the Company's Ridley Lake Gold Project located in the heart of the Swayze Greenstone Belt of Northern Ontario, approximately 35 km east of Newmont Goldcorp's Borden Gold Project. For Phase V Richmond is planning a VLF/Magnetic survey of the Cyril Knight showing located approximately 800 m north of the central Aguara Showing, followed by another round of diamond drilling. The Cyril Knight Showing consists of an approximately 800 foot (244 m) excavated quartz vein estimated to be between 2 and 4 m wide, and 1 to 2 m deep. The excavation is poorly exposed having collected a considerable amount of surface debris. Very little historical information is available for the Cyril Knight showing other than it was discovered in the 1940’s and reportedly contained some visible gold mineralization. As far as the Company is aware, no diamond drilling has ever taken place at the Cyril Knight Showing. Following completion of the geophysical surveying, follow-up diamond drilling is planned to test for extensions of gold intersections obtained during previous Phase I to Phase IV Aguara Zone diamond drilling work. Some hi-lights of previous drilling include 33 m of 1.26 g/t gold in hole RS-16-20, 136 m of 0.31 g/t gold in hole RS-17-30, and 14 m of 4.42 g/t, including 18.2 g/t gold over 3 m in hole RS-20-33 (all widths are reported as axial lengths). Warren Hawkins, P.Eng, a “Qualified Person”, within the meaning of Nation Instrument 43-101- Standards of Disclosure for Minerals Projects, has reviewed and approved the scientific and technical information contained in this news release. Mr. Hawkins is not considered to be “independent” of the Corporation (as defined in National Instrument 43-101), as he currently holds securities of the Corporation. On Behalf of Richmond Minerals, Warren Hawkins, P. Eng, Exploration Manager Silvercorp Reports Operational Results And The Financial Results Release Date For Fiscal 2023This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to diff...