TORONTO / October 12, 2022 / – Richmond Minerals Inc. (TSXV: RMD) (“Richmond” or the “Company”) is pleased to announce the acquisition (through map staking) of 364 exploration licenses (“Freischürfe” type) in the Schellgaden and Kreuzeck-Goldeck areas located in Carinthia and Salzburg regions of Austria. These additional licenses are prospective for gold (“Au”) and antimony (“Sb”) mineralization. Richmond also acquired 192 base metal exploration licenses covering an area of approximately 92.3 km² in the Tyrol, Leogang and Seekar areas of Austria. These licenses are prospective for cobalt (“Co”) and nickel (“Ni”) mineralization.
Base Metal Properties
Richmond acquired 192 base metal exploration licenses covering an area of approximately 92.3 km² in Austria. The Brixlegg Property is located in the Tyrol district of Austria and consists of 118 licenses covering 56.4 km2 in an area with a long history of Cu and Au mining dating back to the celtic times. The Leogang Properties are divided into Leogang West Property consisting of 30 licenses covering 14.7 km², and the Leogang East Property consisting of 33 licenses covering 5.5 km². The historic Nöckelberg mine with reported Ni grades up to 9.95 % Ni, and Co grades up to 15.7 % is located within the Leogang West license area. Additonally 9 licenses were added to the Seekar Property covering 4.6 km², and 2 licenses covering 1.1 km² were also added to the Zinkwand Property. These areas are prospective for Ni and Co.
The European Commission list of critical raw materials (“CRM”) and the US department of the Interior include antimony as a CRM as it has become increasingly important and prevalent in electrical and energy related technologies, particularly in respect of battery technology.
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.
Richmond also announces that its annual and general meeting will be held at 11 am November 30, 2022 at its head office located at 120 Adelaide St. W, Suite 2500, Toronto.
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Reference Literature: Mali, H. (2004): Die Spodumenpegmatite von Bretstein und Pusterwald (Wölzer Tauern, Steiermark). Joannea Mineralogie 2, 5-53.