TORONTO, July 27, 2017 /CNW/ - Richmond Minerals Inc.
(TSX-V: RMD) ("Richmond" or the "Company") is pleased
to announce that Phase III diamond drilling will resume on or about
August 1, 2017 at the Company's
Ridley Lake Gold Project located in the west central area of the
Swayze Greenstone belt approximately 35 kilometres east of
Goldcorp's Borden Gold Project.
Phase III of diamond drilling will be focused on targets
identified within the Aguara and Aguara East gold showings.
Specifically these holes will be collared to test for depth
extensions to wide zones of gold mineralization intercepted in the
initial 1989 diamond drilling program, and holes drilled during the
July 2016 Phase II
program.
As reported gold-bearing intervals associated with mafic to
intermediate metavolcanic units and a porphyry intrusion were
encountered in all Phase I and II holes. Richmond is planning to drill up to 3,000
meters in this phase of drilling and results will be released as
they become available.
The Company also announces its annual and special meeting for
fiscal year end 2016 will be held at Richmond's corporate head office located at
133 Richmond St. W, Suite 403 on August 14,
2017 at 11 am.
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
On Behalf of Richmond Minerals,
Warren Hawkins, P. Eng,
Exploration Manager
Cautionary Note Regarding Forward-Looking Statements: Certain
disclosure in this release constitutes forward-looking statements.
In making the forward-looking statements in this release, the
Company has applied certain factors and assumptions that are based
on the Company's current beliefs as well as assumptions made by and
information currently available to the Company. Although the
Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be
incorrect, and the forward-looking statements in this release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements. Readers are cautioned
not to place undue reliance on forward-looking statements. The
Company does not intend, and expressly disclaims
any intention or obligation to update
or revise any forward-looking statements whether as
a result of new information, future events or otherwise, except as
required by law.
SOURCE Richmond Minerals Inc.