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Fly News Breaks for September 16, 2015
RIC
Sep 16, 2015 | 07:42 EDT
Richmont Mines provided an update on the previously announced 20K meter surface exploration campaign on the Island Gold Mine property that will test the east and west extensions of the Island Gold deposit along strike as well as for new deposits within the regional Goudreau shear zone, which hosts the mine's current operations. The updated program also includes drilling of selected high-priority gold targets identified by the exploration team. The program will follow up on high quality gold targets, in an area of northeastern Ontario that is underexplored, and within a 15 km radius of the current operations are four past producing mines. The remaining 17,000 metres of the updated surface exploration drilling program will consists of approximately 30 to 35 holes and will be focused on six key areas. The program is expected to be completed before the end of 2015 or early 2016. It is not expected to materially change the corporation's previously provided 2015 exploration budget guidance for Island Gold.
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