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Richmond Minerals Inc. - New Western Targets Discovered at Aguara Zone, Ridley Lake Project, Swayze Greenstone Belt, Ontario
Richmond Minerals Inc. - New Western Targets Discovered at Aguara Zone, Ridley Lake Projec...
About this update from Richmond Minerals Inc.
[{"type":"text","content":"\n\n\n\nRichmond Minerals Inc. - New Western Targets Discovered at Aguara Zone, Ridley Lake Project, Swayze Greenstone Belt, Ontario\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 4, 2018\n\n\n\nTORONTO, Dec. 4, 2018 /CNW/ - Richmond Minerals Inc.  (TSX-V: RMD) (\"Richmond\" or the \"Company\") is pleased to provide an update for exploration work at the Company's Ridley Lake Gold Project (the \"Property\") located in the west central area of the Swayze Greenstone belt approximately 35 kilometres east of Goldcorp's Borden Gold Project.  \nIn September 2018 the Company completed a Spectral Induced Polarization (IP)/Resistivity and Magnetic surveys to expand to depth and to the west the earlier IP survey completed in the summer of 2015 and the fall of 2016 on Richmond's Aguara East Zone claims. As reported in 2015 and 2016 IP and Magnetic surveys were successful in identifying a well-defined geophysical anomaly characterized by high chargeability and resistivity and a prominent coincidental magnetic anomaly (the \"Aguara East anomaly\"), having a northeast orientation and a strike length in excess of 825 metres.  Modelling of the data obtained from the July 2015 and November 2016 combined surveys identified multiple targets at vertical depths down to the IP survey limit of approximately 200 metres.  \nFall 2018 IP surveying on the newly cut Aguara western extension grid was successful in identifying five anomalous trends (identified as RW-1, and RW-4 through RW-7, see attached map). The significant trend identified is RW-1, which appears to be the extension of the Aguara East IP Anomaly that was the focus of the first three phases of diamond drilling. Trend RW-1 is centered about the West Grid Baseline and has now been extended from (metres) Line 3+00 E to Line 6+00 W. The trend is associated with apparent resistivities exceeding 10,000 ohm-m and is suggestive of strong quartz-carbonate alteration associated with possible gold mineralization.\nTrend RW-5 is a prominent chargeability anomaly initially ident...