Richmont Mines Inc. And Patricia Mining Corp. Host Island Gold Opening and Investor Day
Posted on: Wednesday, 3 October 2007, 15:00 CDT
Richmont Mines Inc. (TSX: RIC)(AMEX: RIC) and Patricia Mining Corp. (TSX VENTURE: PAT) are hosting an Island Gold Opening and Investor Day today at the Island Gold mine location in Dubreuilville, Ontario. Guests of the invitation event include management and Board of Director members from Richmont Mines and Patricia Mining, institutional investors and media representatives.
The event will feature presentations from Island Gold project management, as well as the Vice President of Operations and the Director of Geology and Exploration for Richmont Mines. Guests will also have the opportunity to tour the underground mine and the on-site mill.
Island Gold has proven and probable reserves of 1,013,854 tonnes of ore at an average diluted grade of 8.55 g/t, for a total of 278,711 ounces of gold, representing more than four years of production. In addition to the reserves, a total of 454,705 tonnes at an average grade of 10.26 g/t, or 149,972 ounces of gold were categorized as measured and indicated resources, while inferred resources were evaluated at 610,728 tonnes at a grade of 9.96 g/t, or 195,549 ounces of gold.
Presentation materials from the Investor Day are available on Richmont Mines' website at www.richmont-mines.com and www.patriciamining.com.
Martin Rivard Chris Chadder President and President and Chief Executive Chief Executive Officer Officer Richmont Mines Inc. Patricia Mining Corp
About Richmont Mines Inc.
Richmont Mines produces gold from its operations in Canada and has extensive experience in gold exploration, development and mining. Since it began production in 1991, the Company has produced more than one million ounces of gold from its holdings in Quebec, Ontario and Newfoundland. Richmont Mines' strategy is to cost effectively develop its mining assets, exploit mineralized reserves on properties owned and acquired, or develop partnerships to expand its reserve base
More information on Richmont Mines can be found on its website at: www.richmont-mines.com.
About Patricia Mining Corporation
Patricia Mining Corp. is a Canadian exploration and development company about to become Canada's newest gold producer. Patricia's main asset is the Island Gold Project. More information on Patricia Mining Corp. can be found on its website at: www.patriciamining.com.
National Instrument 43-101 (NI 43-101)
National Instrument 43-101 - The reserve and resource calculation for the Island Gold property as of May 15, 2007 was performed by GENIVAR for Richmont Mines Inc. as operator of the project. Mr. Michel Garon, Eng., of GENIVAR, is the qualified person under the terms of NI43-101.
Contacts: Richmont Mines Inc. Julie Normandeau Investor Relations 514-397-1410 514-397-8620 (FAX) www.richmont-mines.com Patricia Mining Corp. Gus Garisto Investor Relations 416-805-3106 www.patriciamining.com Kei Advisors LLC Tammy Swiatek, Investor Relations 716-843-3853 tswiatek@keiadvisors.com
SOURCE: Richmont Mines Inc. and Patricia Mining Corp.
Source: MARKET WIRE
Related Articles
- Richmont Mines Reports Results for the Third Quarter of 2008
- Richmont Mines and Mountain Lake Resources to Advance the Valentine Lake Gold Project in Central Newfoundland
- Richmont Mines to Webcast Presentation at the American Stock Exchange Precious and Base Metals Investors Conference
- Richmont Mines Announces Reserve Increases and 2007 Production Results
- Richmont Mines Announces Option to Acquire a 50% Operating Interest in the Golden Wonder Mine a Past Producing Colorado Gold Mine
- New Gold Inc. And Abacus Mining and Exploration Corp. Sign Letters of Intent to Ensure Co-Operation in the Development of Afton-Ajax Cu-Au District
- Richmont Mines and Mountain Lake Resources Commence Next Phase of Exploration for Valentine Lake Gold Project
- Abacus Mining and Exploration Corp.: 102 Metres of 0.50% Copper and 0.34 G/T Gold, Ajax East Property Expands to 400 Metres of Strike Length, DM-Audra Zone Highlighted By Additional Drilling
- Richmont Mines and Patricia Mining Announce the Mill Start Up at the Island Gold Project
 |
 |
User Comments (0)
RSS Feeds