TORONTO, Aug. 25, 2021 /CNW/ - Richmond Minerals Inc.
("Richmond" or the "Company") (TSXV: RMD) is pleased to
provide an update for on-going fieldwork at the Company's
Oberzeiring Polymetallic Project (the "Project") located in the
Styria mining district of central Austria.
Grab sampling during recent prospecting and mapping have
identified two newly mineralized areas. The first is located
on the southwest side of Mount Gerschkogel at an elevation of
1,231 m and consists of ancient mine
tailings with associated underground adits occupying an area of
approximately 7 ha. The age of these workings is unknown.
Adits were in excellent condition allowing for geologists to
collect underground chip samples of observed mineralized vein
systems within the adits (see below samples 14565 – 14568).
Additionally one sample was taken at a prominent tailings pile in
front of an old mine portal.
The second location of the sampling campaign was in adits of the
Matthiasbaue medieval mine east of the town of Oberzeiring. Rock
chip samples (samples 14569 to 14573) were collected at several
underground locations in the observed vein systems. Results are
provided below (note: all values reported in ppm):
|
Sample
|
Ag
|
Ba
|
Bi
|
Cu
|
Ge
|
Mn
|
Pb
|
Zn
|
Sb
|
|
14565
|
0.05
|
81.30
|
0.16
|
22.90
|
0.10
|
2240
|
34
|
40.0
|
0.25
|
|
14566
|
1.53
|
178.00
|
0.04
|
39.20
|
0.08
|
1630
|
2350
|
96.5
|
27.70
|
|
14567
|
3.05
|
77.50
|
0.21
|
12.45
|
0.07
|
2880
|
3880
|
29.9
|
8.72
|
|
14568
|
1.81
|
18.00
|
0.37
|
32.40
|
0.35
|
2500
|
1060
|
740.0
|
10.45
|
|
14569
|
131.00
|
518.00
|
7.44
|
88.00
|
0.04
|
184
|
7.51%
|
59.2
|
>10000
|
|
14570
|
76.00
|
248.00
|
5.65
|
255.00
|
0.06
|
4300
|
1225
|
55.2
|
172.50
|
|
14571
|
4.79
|
570.00
|
2.50
|
9.57
|
0.02
|
847
|
3450
|
15.4
|
212.00
|
|
14572
|
52.80
|
48.20
|
9.48
|
35.10
|
0.02
|
323
|
3.22%
|
143.5
|
818.00
|
|
14573
|
1.66
|
95.70
|
0.06
|
2.09
|
<0.005
|
746
|
3260
|
6.2
|
129.00
|
|
Table 2: Analysis
results from rock chip sampling (LR21158022)
|
Chip samples were sent to the ALS Laboratory in Ireland for analysis using multi-Element Super
Trace (ME-MS41L). Sample 14569 and 14573 had more than 1 % Pb and
were analysed using method Pb-OG62. Sample 14569 was analysed for
silver using method OG46.
The geochemical data indicates at least 2 different (Pb-Zn)
mineralization types. The high grade type is associated with
enriched lead, zinc, silver and antimony. Random chip samples of
this type reach silver contents up to 131 ppm, lead content of 7.51
%, and antimony values in excess of 10,000 g/tonne. The low grade
type shows lead values up to 3880 ppm lead but zinc enrichments up
to 8740 ppm.
Also of significance is that the latest underground sampling
results continue to confirm data reported in historical
reports.
Next Steps to be done in September/October 2021:
- Further detailed underground mapping of Matthiasbaue
- Re-evaluation of existing geophysical exploration results
- Development of a preliminary 3 D Model of Purgstallofen
area
- Definition of targets for drilling
- Establishment of strong stakeholder relationships according to
Richmond´s CSR ethics.
Warren Hawkins, P.Eng in his capacity
as Qualified Person under National Instrument Policy
43-101 has reviewed and approved the technical
information contained within this press release. Mr. Hawkins is not
considered to be independent of Richmond Minerals Inc. as he owns
securities in the Company.
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. 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; risks related to infectious diseases such as COVID-19;
changes in demand and prices for minerals; litigation, legislative,
environmental and other judicial, regulatory, political and
competitive developments, 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 obligation to update or revise any forward-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.
SOURCE Richmond Minerals Inc.
