Richmond Minerals Inc. · TSXV:RMD
Richmond Minerals — Investor Presentation (March 2020)
27 slides from Richmond Minerals's investor presentation, March 2020
Slide 1: Richmond Minerals Inc. Ridley Lake Gold Project
Richmond Minerals Inc. Ridley Lake Gold Project Swayze Greenstone Belt, North Central Ontario
Slide 2: Overview
Overview Richmond’s Ridley Lake Property is located in Rollo and Raney Townships, Porcupine Mining Division, north central Ontario, 40 km southwest of the town of Foleyet and 120 km west-southwest of the city of Timmins. The Property can be accessed year round by a network of logging and bush road
Slide 3: Property claims map
2019-05-06 369000 370000 371000 372000 373000 374000 376000 Seno ° 366000 367000 Hl r 1 1 1 7O) = L 1 7 7 x Pie. 2 3 8 S © 3 A , 3 £ ay RIDLEY f 2 ) i rae [ ZA | | Vd i 276389 | 119685 | 224449 | 249621 | 309475 | 320083 | 215704 | 248976 | 162304 | saes10 | 185950 1” | i) 206300 | 242544 | 164478 |
Slide 4: Exploration History and Local Geology
Exploration History and Local Geology Early exploration work on the Property dates back to 1932 prospecting. At that time two significant quartz vein systems (the Cyril Knight and the Aguara Showings) trending east/west were discovered in the central and north central property area. These veins
Slide 5: Property Location and Regional Geology
Property Location and Regional Geology
Slide 6: Ridley Lake Project, Borden Lake Extension
a Ridley Lake Rlcrmond Minera ine. Ridley Lake Project, Borden Lake Extension Compilati Previous Geophysical Geological Data
Slide 7: Exploration History
Exploration History A limited program of diamond drilling testing the Aguara Zone geophysical anomalies and surface showings was undertaken in 1989 (2,471 m in 13 holes). Eleven of 13 holes intersected broad zones of gold mineralization, with one hole failing to reach its target depth due to cavin
Slide 8: 1989 Drill Results
Hole No. From (m) To (m) Width (m) Grade (g/t Au) 89-1 217.7 223.5 5.8 0.65 255.8 268.6 12.8 1.00 89-2 97.1 98.62 1.52 1.16 111.43 112.43 1.0 3.1 164.33 170.43 6.1 0.25 89-3 69.97 128.05 58.08 0.31 including 118 128.05 10.05 0.64 89-4 105.7 112.2 6.5 1.2 156.71 161.43 4.72 4.35 including 157.55 159.
Slide 9: 1989 Drill Results (continued)
Hole No. From (m) To (m) Width (m) Grade (g/t Au) 89-07 55.49 148.17 92.68 0.48 including 75.31 76.83 1.52 3.68 and 100.91 101.98 1.07 6.2 and 108.23 109.76 1.53 2.9 and 125.31 126.37 1.06 5.82 89-08 69.82 134.45 64.63 0.49 including 69.82 72.26 2.44 1.98 and 73.02 74.09 1.07 3.74 89-11 140.24 141.1
Slide 10: Local Geology
Local Geology The Property is underlain by the Swayze volcanic complex or the Swayze-Deloro metavolcanic-metasedimentary belt. This complex is an east-west trending belt composed, from the margins inward of mafic metavolcanics succeeded by metasediments with several centres of felsic volcanism a
Slide 11: Local Geology
Local Geology Gold mineralization discovered through diamond drilling in the Aguara Zone is associated with a variety of geological features that include: Shear zone development producing permeable conditions favourable for hydrothermal circulation. Carbonatization of mafic volcanics possibly re
Slide 12: Exploration Program 2015
Exploration Program 2015 In June of 2015, a geophysical survey grid was cut on four of the Company's 100%-owned claims located immediately to the east of the Aguara gold showing, followed by the completion of Spectral Induced Polarization (IP)/Resistivity & Magnetic surveys. The surveys were suc
Slide 13: Aguara East Zone Summary of 2015 Drill Results
Aguara East Zone Summary of 2015 Drill Results Hole No. From (m) To (m) Width (m) Grade (g/t Au) RS15-14 45 132 87 0.32 including 66 74 8 1.12 and 80 82 2 1.81 and 122 125 3 0.90 and 129 132 3 1.29 RS15-15 27 82 55 0.46 including 27 35 8 2.14 and 73 74 1 1.43 and 80 82 2 0.92 RS15-16 64 108 44 0.42
Slide 14: Aguara East Zone Summary of 2015 Drill Results
Aguara East Zone Summary of 2015 Drill Results Hole No. From (m) To (m) Width (m) Grade (g/t Au) RS15-19 55 142 87 0.39 including 55 56.8 1.8 3.25 and 109 142 33 0.67 and 109 110 1 3.87 and 131.7 134 2.3 3.09 and 135 137 2 1.11 and 141 142 1 1.04 • Hole RS15-19 was drilled below hole RS15-16 and cle
Slide 15: Holes Plotted: Aguara East 1989 & 2015 Drill Holes
8 530390R)N HOLES PLOTTED RS-15-18 TOTAL 19 REISS RSISIS RSET Reisi9 S000 sabaz sooo = sa605 8.08 0908 st009 89-10 soi. sana exsng abuse mafliterrcite fete mat {esc nemedite at ‘rarest mata-vocanies smatcirtermedite 5303500N — ‘matic meta-vocanies matrtemedate hinsive elec portyry mote soimertary ro
Slide 16: Exploration Program 2016
Exploration Program 2016 In July of 2016, Richmond conducted additional diamond drilling to test the well-defined Aguara East anomaly IP and magnetic anomaly at depths beneath the Phase I results reported in the fall of 2015 and along strike to the east. Richmond completed 1,121 meters of diamon
Slide 17: 2016 Drill Results
Hole No. From (m) To (m) Width (m) Grade (g/t Au) RS16-20 125.35 129.75 4.40 0.61 132.80 141.00 8.20 0.38 including 145.00 178.00 33.00 1.26 and 166.00 173.00 7.00 4.11 and 168.00 169.00 1.00 7.64 171.00 172.00 1.00 11.30 RS16-21 115.60 135.00 19.40 0.90 including 127.85 135.00 7.15 2.05 and 133.00
Slide 18: Hole RS16-20 brecciated, carbonatized quartz vein interval
4ole RS*20 at 171 m, a brecciated, carbonatized quertz Vein interval that returned 11.30 g/t gold
Slide 19: Holes Plotted: Aguara East 2016 Drill Holes
HOLES PLOTTED TOTALS 5303800 N Rerem REI! RENEZ?RENEZE ReT624 ~ $303700N = AS-16-24 5-16-22 DESCRIPTION resnleancs, qua vens + §303500N : + 5303500N —] aanese ope rasa porsyey sensei rok PLAN SPECS: REF. PT. EN, EXTENTS 1 $303400N SCALE 1: 2500 x ¢ Richmond Minerals Inc. Ridley Lake (Swayze) Propert
Slide 20: November 2016 Spectral IP/Resistivity survey
In November 2016 the Company completed a Spectral Induced Polarization (IP)/Resistivity survey to expand to depth the earlier IP survey completed in July 2015 on the Aguara East claims. Modelling of the data obtained from the combined surveys identified multiple targets at vertical depths down t
Slide 21: August and September 2017 drilling program
In August and September of 2017, Richmond completed 2,258 m of drilling in 8 holes Broad zones of gold mineralization, particularly in the Central Aguara Zone, were intersected Zones appear to be getting wider with depth
Slide 22: 2017 Drill Results
Hole No. Zone From (m) To (m) Width (m) Grade (g/t Au) RS17-26 Aguara East 25.30 59.98 34.65 0.25 Including 26.3 28.3 2 2.1 RS17-27 Aguara East 107 140 33 0.25 RS17-28 Aguara East 253 271 17 0.29 RS17-29 Central Aguara 44 174 130 0.22 Including 163 174 9 0.9 RS17-30 Central Aguara 133 269 136 0.31 I
Slide 23: Drill interval reporting and QA/QC notes
The drill intervals reported for all drilling programs represent axial core intersection lengths and true widths are not known at this time. Industry standard QA/QC programs were employed for the 2015/2016/2017 drilling programs
Slide 24: Fall 2018 IP surveying on Aguara western extension grid
Fall 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). 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
Slide 25: Trends RW-6 and RW-7
Trend RW-6 is a new anomaly that appears to originate approximately at line 5+25 W in the southern part of the survey grid. This anomalous IP response strikes to the northwest and has a deeper source (greater than 100 m). This anomaly appears to extend to the edge of the survey grid at 9+00 W, whe
Slide 26: Aguara West Grid IP/Resistivity Interpretation Map
srio0 sris00 sr1900 372000 72100 372200 372300 372400 372500 372600 True North | a \ betes Meters. 50 25 0 50 100 a Scale 1:2,600 Coordinate System: NAD83 UTM Zone 17N Legend IP anomalous trend RW-1 with identification Apparent chargeabilty (mvlv) = 3x: local background x 3, d- deeper source 07 Appa
Slide 27: Other Corporate Information
OTHER CORPORATE INFORMATION • On February 26, 2015 Richmond signed a memorandum of understanding with local First Nation Communities, Ridley Lake project is fully permitted. • Exchange: TSX-Venture, Symbol: RMD • Shares Issued and Outstanding: 119,812,505 • Estimated Float: 60,000,000 • President: F
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