Richmond Minerals Inc. Announces Resumption of Exploration Work at the Ridley Lake Project, Timmins, Ontario
Trading Symbol TSX(V): RMD
Boerse Frankfurt: WKN A1W98A: R52
Richmond Minerals Inc. Announces Resumption of Exploration Work at the Ridley Lake
Project, Timmins, Ontario
TORONTO, April 13, 2023 - Richmond Minerals Inc. (TSX-V: RMD) ("Richmond" or the
"Company") is pleased to announce that Phase V exploration work has resumed at the
Company's Ridley Lake Gold Project located in the heart of the Swayze Greenstone Belt of
Northern Ontario, approximately 35 km east of Newmont Goldcorp's Borden Gold Project.
For Phase V Richmond is planning a VLF/Magnetic survey of the Cyril Knight showing located
approximately 800 m north of the central Aguara Showing , followed by another round of
diamond drilling.
The Cyril Knight Showing consists of an approximately 800 foot (244 m) excavated quartz vein
estimated to be between 2 and 4 m wide, and 1 to 2 m deep . The excavation is poorly exposed
having collected a considerable amount of surface debris. Very little h istorical information is
available for the Cyril Knight showing other than it was discovered in the 1940’s and reportedly
contained some visible gold mineralization. As far as the Company is aware, no diamond drilling
has ever taken place at the Cyril Knight Showing.
Following completion of the geophysical surveying, follow-up diamond drilling is planned to
test for extensions of gold intersections obtained during previous Phase I to Phase IV Aguara
Zone diamond drilling work. Some hi-lights of previous drilling include 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 14 m of 4.42 g/t, including 18.2 g/t
gold over 3 m in hole RS-20-33 (all widths are reported as axial lengths).
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.
On Behalf of Richmond Minerals,
Warren Hawkins, P. Eng,
Exploration Manager
Trading Symbol TSX(V): RMD
Boerse Frankfurt: WKN A1W98A: R52
For further information contact:
Warren Hawkins, P. Eng, Exploration Manager at (416) 603-2114
CAUTIONARY STATEMENT: This news release contains forward -looking information which is not comprised of historical
facts. Forward -looking information involves risks, uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such forward -looking
information. Forward looking information in this news release includes, but is not limited to, Richmond’s objectives, goals or
future plans, including successful completion of the Transaction. There is no guarantee that the Transaction will be complete d on
the terms announced in this press release or at all. Factors that could cause actual results to differ materially from such forward -
looking information include, but are not limited to, changes in general economic conditions and conditions in the financial
markets; the ability of Richmond to raise funds pursuant to future offerings, including the second tranche of the Offering;
changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political a nd
competitive deve lopments, and those risks set out in Richmond’s public documents filed on SEDAR. Although Richmond
believes that the assumptions and factors used in preparing the forward -looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed time frames or at all. Richmond disclaims any intention or obligati on to
update or revise any fo rward-looking information, whether as a result of new information, future events or otherwise, other than
as required by law.
Neither the TSX -V nor its Regulation Services Provider (as that term is defined in the
policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.