The exploration drilling program at Island Gold (Richmont Gold Mines) continues to demonstrate the significant potential of the cornerstone Island Gold Mine.
The exploration drilling program which began in September 2015 and is focused on three key priorities:
1) Testing the lateral continuity of the known deposit to potentially extend mine life above the 1,000 metre level;
2) following up on gold intersections down plunge that support the potential for an extension of the deposit between the 1,000 and 1,500 metre levels; and
3) testing high-priority regional gold targets elsewhere across the prospective Island Gold property.
“These positive results on the eastern extension along strike, directly adjacent to the main deposit area, could be incorporated into our near-term mine plan. We are also pleased to report significant intersections further east, approximately one kilometer from the main deposit that we will continue to explore.” stated Renaud Adams, President and CEO. He continued, “The deep directional drilling program continues to confirm the higher-grade, wider mineralized zones at depth below the 1,000 metre level. We are very encouraged that all of the holes successfully intercepted the mineralized structure and that the average grade and thickness continue to be consistent at depth.”
“We are very pleased with the positive drill intercepts from the eastern lateral exploration as they continue to indicate that the mine deposit remains open to the east.” stated Daniel Adam, Vice-President, Exploration. He continued, “The deep directional drilling program continues to intersect the main structure with the results to date confirming that the zone is still robust and open in all directions. Our broader exploration initiative across the property has given us some very interesting initial results below the old Kremzar mine, which will support additional drilling in this area. Our aggressive exploration initiatives are meeting with success and we are excited by the potential to identify additional resources along strike, at depth and elsewhere on the larger Island Gold Mine property.”