TORONTO / April 13, 2023 / Business Wire / Richmond Minerals Co. (TSX-V: RMD) (“Richmond” or “we”) announced that Phase V exploration work has resumed at Newmont Goldcorp’s Ridley Lake Gold Project, located in the heart of the Swage Greenstone Belt in northern Ontario, approximately 35 kilometers east of Newmont Goldcorp’s Borden Gold Project. To do. In Phase V, Richmond plans his VLF/Magnetic survey of Cyril Knight, located about 800 m north of his central Aguara Showing, followed by another round of diamond drilling.
The Cyril Night Showing consists of approximately 800 feet (244 m) of excavated quartz veins estimated to be 2-4 m wide and 1-2 m deep. Excavations are poorly exposed and a significant amount of surface debris has been collected. There is little historical information about Cyril Knight other than that it was discovered in the 1940s and reportedly contained visible gold mineralization. To our knowledge, no diamonds were drilled at the Cyril Night Show.
After completion of the geophysical survey, a follow-up diamond drilling is planned to test the extension of the gold node obtained from the previous Phase I to Phase IV Aguara Zone diamond drilling operations. Previous drilling highlights included 33 m of 1.26 g/t gold in hole RS-16-20, 136 m of 0.31 g/t gold in hole RS-17-30, and 4.42 g/t gold. includes 14 m of 18.2 g/t gold over 3 m in bore RS-20-33 (all widths reported as axial length).
Warren Hawkins, P.Eng, a “Qualified Person” within the meaning of State Document 43-101- Mineral Project Disclosure Standards, has reviewed and approved the scientific and technical information contained in this news release. Because Mr. Hawkins now owns the securities of the Company, he is not considered “independent” of the Company (as defined in National Instrument 43-101).
On behalf of Richmond Minerals,
Warren Hawkins, P. Eng,
exploration manager
Silvercorp will report the release date of its operating and financial results for fiscal 2023 This news release contains forward-looking information that does not constitute historical fact. Forward-looking information involves risks, uncertainties and other factors and actual events, results, performance, prospects and opportunities may not be expressed or implied by such forward-looking information. may differ significantly from those presented. Forward-looking information in this news release includes, but is not limited to, Richmond’s objectives, goals or future plans, including the successful completion of the transaction. There is no assurance that the transaction will be completed on the terms announced in this press release. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in general economic and financial market conditions. . Richmond’s ability to fund future offerings, including the second tranche of the offering. Changes in mineral demand and prices. Litigation, legislative, environmental and other judicial, regulatory, political and competitive developments and risks thereof described in Richmond public documents filed with SEDAR. Although Richmond believes the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, the information, which applies only as of the date of this news release, may not be subject to undue No reliance should be placed and no warranty is given. It is assumed that such event will occur within the disclosed time frame or not at all. Richmond disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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