Business
Richmond Minerals Inc. - Exploration Results and Corporate Update
TORONTO , July 8, 2014 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) ("Richmond" ...
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\nTORONTO, July 8, 2014 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) (\"Richmond\" or the \"Company\") announces that in connection with the preparation of an up to date National Instrument 43-101 Report for the Company's Swayze Property (the \"Property\") by an independent Qualified Person, a random grab sample of wall rock material collected during a recent site inspection from the Agaura Vein in the south central Property area returned an assay of 5.25 grams per tonne gold.  The wall rock material consisted of an intermediate to mafic metavolcanic that was silicified, chloritized and carbonatized (alteration patterns typical of lode gold) and contained approximately 5% disseminated pyrite, with minor chalcopyrite and sphalerite, and was exposed over an estimated strike length of 70 meters.  Richmond management is very excited with this result in that the wall rock hosting gold bearing quartz veins on the Swayze Property has the potential for high grade gold mineralization.  The Property is located within the Ridout Shear Zone in the heart of the Swayze Greenstone Belt, approximately 23 miles due east of Probe Mine's Borden Lake gold discovery and 25 miles northwest of Iamgold's St. Jerome Mine.  The Company is presently in the process of obtaining an exploration permit for the Property and plans to mount a substantial work program in the late summer or early fall of this year.\n\nRichmond is also pleased to announce the appointment of Dr. Bogdan Nitescu, Ph.D, P.Geo to the Board of Directors.  Dr. Nitescu obtained his Ph.D. from the University of Toronto in 2004 and is an expert in geophysical interpretations of the Western Superior Province and the Southern Kapuskasing Structural Zone.  Dr. Nitescu will co-manage Richmond's upcoming Property exploration program. The company is also pleased to announce the appointment of David Ellis as Manager of Investor Relations.  Mr. Ellis will work closely with Richmond's Board of Directors in developing and executing an investor relations program for the Company.  Mr. Ellis currently provides a similar service to another Toronto-based mining exploration company and has in excess of 20 years' experience in investor relations and public company management.\n\nAt the May 30th, 2014 Annual General Meeting all of the resolutions were passed ...