TSX Venture: RMD
TORONTO, April 13 /CNW/ – Richmond Minerals Inc. (the “Company”) is pleased to provide an update on its exploration programme on the Hallé Township, Québec property (the “Property”), a joint venture project with Fort Chimo Minerals (CNQ: FORT).
Line cutting by Long Point First Nation has now been completed and detailed ground electromagnetic and magnetic surveys are underway. It is anticipated that diamond drilling will begin in the first week of May.
As described in previous news releases, two strongly magnetic and highly conductive Fugro GEOTEM airborne anomalies were identified on the Property. Anomaly 1, located along the central eastern property boundary is approximately 1.3 kilometers in length. Anomaly 2, located in the north central portion of the Property, is approximately 4.5 kilometers in length. Grab samples collected from surface along the axis of these conductors returned values exceeding 1 % nickel, with anomalous values for copper, gold and chromium. A review of historical assessment files indicates no definitive historical exploration work in the target area.
The Company is engaged in base and precious metal mining and related activities, including exploration and development in Northern Ontario and Québec.
Warren Hawkins, P.Eng., in his capacity as Qualified Person under National Instrument 43-101, has reviewed the contents of this release.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Canadian National Stock Exchange has reviewed this news release and neither accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain forward looking statements which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Richmond does not undertake any obligation to update forward lookistatements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward looking statements.
For further information: Birks Bovaird, President or Warren Hawkins, Exploration Manager, Telephone: (416) 603-2114, Facsimile: (416) 603-8436, firstname.lastname@example.org