NYBob
2 years ago
Richmond Minerals Inc. Announces the Acquisition of Additional Exploration
Licenses Targeting Lithium, and Graphite in Austria
V.RMD | 2 days ago
https://stockhouse.com/news/press-releases/2022/09/13/richmond-minerals-inc-announces-the-acquisition-of-additional-exploration
Richmond Minerals Inc. (TSXV: RMD) (“Richmond” or the “Company”) is pleased to announce the acquisition (through map staking) of 245 exploration licenses (“Freischürfe”) covering an area of 114.6 km2 in total. The licenses cover ground that is considered prospective for lithium occurrences in Styria mining district of Austria. The licenses are grouped into three separate properties (collectively referred to as the “Lithium Group” of properties) designated as the Wildbachgraben Project consisting of 32 licenses covering 14.9 km2; the Klementkogel Project consisting of 22 licenses covering 10.5 km2; and the Bretstein Project consisting of 191 licenses covering 89.2 km2.
Additonally, 219 exploration licenses covering an area of 107.1 km2 were acquired in Lower Austria. These licenses are located within the Variegated Series of the Moldanubian Zone and are prospective for and have recorded historical production of graphite. Specifically the licenses are grouped into eight separate properties (collectively referred to as the “Graphite Group”) near the hamlets/villages of Fürholz, Hengstberg, Mühldorf, Wurschenaigen, St. Marein, Ranzels, Zettlitz, and Rabesreith.
After the acquisition of these exploration licenses Richmond now holds one of the largest exploration license areas in Austria targeting Au, Ag, Co, Cu, Li, Ni, Pb, Sb, Zn, W, and graphite.
Acquisition and Description of licenses
Lithium Group
Bretstein is the most prospective of these three Li license areas as spodumene pegmatite occurrences have been mapped historically at surface. Mali (2004) describes spodumene pegmatite outcrops at Bretstein with Li2O grades up to 2.93% and spodumene crystal sizes as large as 10 cm. Additional grab samples have been collected from several pegmatite outcrops located within the Bretstein Property and Li2O assays will be reported as soon as available. A mapping and sampling campaign is the planned next step of exploration in the fall of 2022.
In the Wildbachgraben and Klementkogel area spodumene bearing pegmatite findings have been reported in the past, however little is known about the existing outcrops and spatial distribution of spodumene pegmatites there. Geological mapping and sampling of these pegmatites is the planned next step.
Graphite Group
Mühldorf is the largest area consisting of 90 licenses covering an area of 43.7 km2, followed by St. Marein with 36 licenses covering 17.6 km2, Zettlitz with 30 licenses covering 14.7 km2, Wurschenaigen consisting of 28 licenses covering 13.6 km2, and Ranzels consisting of 14 exploration licenses covering 7.0 km2. The Führholz, Hengstberg, and Rabesreith properties each consist of 7 licenses covering 3.5 km2.
The European committee lists graphite as a critical raw material. Austria produces 2.5% of the world's graphite, ranking 10th in the world, and is one of the world's largest sources of high-grade graphite. The Waldviertel area of Lower Austria is well known for its historic graphite mines. Mining started in the 19th century and the last mine was abandoned in 1999. In this period 832,000 tons have been mined in total, in open pits and in underground mining. The deposits belong to the orogenic metamorphic deposit type and consist predominantly of flake or crystalline graphite. Typically these graphite deposits are brecciated and have a siliceous matrix and can have lateral widths from 20 to 60 m and a thickness of up to 12 m. The carbon content varies from 25 - 40% for flake graphite, 40 - 50% for the hard graphite which increases to 60 to 70% in weathered sections near surface. The sulfur content varies between 0.02% and 9.43%.
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.
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 and Offering. There is no guarantee that the Transaction and Offering will be completed 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 the Offering; 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220913006248/en/
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INDUSTRIAL METALS & MINERALS
db7
9 years ago
Richmond Minerals Announces Proposed Shares-for-Debt Settlement and Option Grants
Date : 10/02/2015 @ 3:30PM
Source : PR Newswire (Canada)
Stock : Richmond Minerals Inc. (RMD)
Quote : 0.12 0.01 (9.09%) @ 1:56PM
Richmond Minerals Announces Proposed Shares-for-Debt Settlement and Option Grants
Print
Alert
Richmond Minerals Inc. (TSXV:RMD)
Intraday Stock Chart
Today : Friday 2 October 2015
Click Here for more Richmond Minerals Inc. Charts.
TORONTO, Oct. 2, 2015 /CNW/ - Richmond Minerals Inc. (TSX-V: RMD) ("Richmond" or the "Company") is pleased to announce in regards to the Memorandum of Understanding signed in February of this year with three First Nations communities that sets out commitments to training, communication and business development, the Company has also agreed to the issuance of common shares of the Company to each of the three First Nations communities, for an aggregate of 150,000 common shares, as well as the grant of incentive stock options. These grants recognize the ongoing contributions of the First Nations communities and will allow each community to directly participate in any potential successes of Richmond. Richmond is also seeking to settle certain engagement costs associated with the MOU by issuing an aggregate of 69,300 common shares to the three First Nations groups in lieu of cash.
Richmond is also pleased to announce that it intends to settle obligations (the "Settlements") owed to certain of its directors, officers and arm's length consultants, in the aggregate amount of $68,000 by issuing an aggregate of 680,000 common shares to such persons at a deemed value of $0.10 per share.
The Settlements primarily represent payments for consulting fees but will also settle various other liabilities including directors' fees.
Lastly, the Board of Directors of the Company has approved a resolution to grant an aggregate of 1,090,000 stock options ("Options") to acquire common shares of the Company pursuant to the Company's incentive stock option plan to certain officers, directors, employees and consultants of the Company. The Options have an exercise price of $0.10 per share. The Options vest immediately and will expire either two or five years from the date of grant, in accordance with the terms of the plan.
Completion of the Settlements and the grant of securities to the First Nations groups remain subject to the approval of the TSX Venture Exchange (the "TSX-V").
Cautionary Statements
Neither 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 release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, regulatory approval of the Settlements and securities issuances to First Nations groups, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
SOURCE Richmond Minerals Inc.
Copyright 2015 Canada NewsWire
dazetrader
11 years ago
Due Diligence - Phone call with Warren Hawkins P-E
On March 19 I phoned Richmond Minerals and spoke with Warren Hawkins for an hour. This is information that Warren Hawkins shared with me when I inquired about Richmond Minerals. Sounds promising and a good long term investment. My questions are in bold, respones in plain text (sorry about the fragments and spelling/grammer errors).
1. Who is the plaintiff in the Swayze Property. 1990 is pretty old to bring something up
like this. Richmond is defending itself in the action and expects a resolution later this
year. On October 29, 2012 Richmond staked claims (44 units) in Raney Township in
northern Ontario.
- Lead property was Bondy lake. On the shelf for time being. Swzyae green stone belt.
Trelawney chester complex discovery, acquired by major gold producer Yamana, that is
just down the road. The problem is it goes back to 1990, former owner/operator of
Richmond minerals, he got involved with another project and accused of mis-
appropriating funds. Certificate attending procedure, construction lien on real estate
property, that is currently being litigated, oldest one is Canada. Very close to having a
resolution. Ongoing for several weeks now. We expect the case is quite good, dismiss the
certificates, should know relatively soon. Gold stocks are not in favour at the time being.
But he is bullish on gold, this will be there core focus. West side claims of swzyae gold
project. Far west side of new claim block, there was a drill hole, 6 grams across 16
metres. Swayze 1989 drilling work, obtained very good results, quarter ounce across 3-4
metres. Drilled 12 holes before property stopped, they hit on 8 of them before they got
shut down. More material news in the next…. Motion being made in litigation will be
resolved in a few weeks, then a few weeks of testimony. In about a month time the whole
trial should be over, then wait on judges decision, can take a little longer then a week or
so. To be honest, resolved in 2 months with the decision. 2nd half of this year should be
much better, 1st half in junior exploration has been decimated. No work for 23 years on
this project since the lien. Stale/old, the main legal claim was moving forward, started
last summer, number of pre-trial hearings to have it settled, but in December2012 that
broke down. Then it finally got into court. Long and tedious process. Legal fees about 40-
50 grand, if they prevail, they get costs reimbursed. It’s a tracing claim, 1988-89 project
James Bay Low lend Kayola project was the largest flow through project in Ontario.
Kayola used to make porcelin. The fellow was also the president of black gregor which is
now Richmond minerals. He was running 2 different projects at same time. Kayolin
project too. He alleges that the CEO was Diverting funds from kayolin project to black
greggor project. So far they can’t trace this to fact. In all probability the money was never
used for their drilling project. Driller didn’t get paid. Sued them in 2000. The plaintiff is
a very ‘bad’ person, notorious, known for this kind of stuff. Trying to manipulate to get
into the property. He cannot trace the money to them. Because it was never diverted to
them. 47 units on the west side was done recently, staked claims in new year of 2013,
mineral rights to that property area, not the service rights, the mineral rights belong to the
property. Holding a mining claim, you can do exploration work. Rayney is free and clear.
He wants to call the whole thing the Swayze property. New focus is Swayze area. He
wants to wait until they are in the clear with Swayze property until court/law proceedings
are in the clear.
2. Discuss capital, they've raised money by private placement and selling a property.
What will it be used for and how long will it last? How does one get in on a private
placement? Have they ever been profitable since inception, is there plans to be? Any
recent goals and/or targets to watch for?
- Didn’t want to over-dilute the company so he didn’t publicize the private placement too
much.
- Warrant.
- Untested areas in Swayze he knows have very good potential. A lot of more good news.
- Halley Township property has been sold to surrey capital. Richmond spent $300k
2008-10 in this property. So that Surrey Capital could get listed on the TSX. That’s what
happened.
- they got the stock and Money just on Friday.
- ARC corp can using. They are private, say $0.10 when they go public, couple 200 grand
for Richomnd if they come out at $0.10. ARC corp has potential other property interests.
ARC Corp will be trading on CNSX, they need to do some filings, ARC is presently
doing it now, hope to be trading by May. They would.
- Burn rate is practically NIL, he is not drawing salary. He has other work for other
companies on the side. RICHMOND is blood sweat tears for him. 7 million shares
between his father and himself. Not drawing a salary.
- Burn rate might be 15k per quarter, 5k per month.
- management change, may be coming with Swayze project, then hire investor relations
at that point. It’s important to have a good promotional program in place, it’s important
for success. Money is tight right now. If they get positive decision on Swazaye, much
better position to take on IR. They’d have a real story, emerging gold discovery on
something that had been dormant for so many years. He would think it would have a very
positive impact on their market, entice new investors and be able to raise new capital.
3. Discuss the stock options.
- Stock options are not much of a concern at this time.
4. Stock price low, is the company pursuing any strategic options? ie. reverse split,
marketing, promotion? Discuss current share structure, O/S, float, elaborate on the history of the O/S, gradual increase to pay the bills?
- Float is quite liquid, Franc president own 6 million shares, float around 83 million less
management holdings of 15 million - 68 million float, rough guess. They haven’t issued
too many shares for debt, they did one a few years ago to himself and another president.
Flow through mineral fields investment. 4 different major financings in the last 8 years.
-3 members on the board, but before bringing them on, they wait on the litigation. New
directory, property package vended in and re-birth of the company. Hopefully get up
to 0.05 – 0.10. Whole new management team, build and promote them for Swayze. No
prospect right now to do a reverse split. Never has done a reverse split, he hates it. He too
is a significant share holder. Trying to keep things simple right now, bring in new CFO,
they’ve already identified that person, couple new guys coming on. Ready to go with that
when the Swazye property certificates get cleaned up.
5. Why did Michael Sheridan resign as Director, how long was he there, who replaced
him?
- Michael wanted to do a certain type of debt financing which Warren and the rest of the
company didn’t agree on. So after serving for 1 year, he left. They still have 3 directors/
officers at the moment.
Warren has BEEN WITH RICHMOND SINCE 2005. HE WAS A BROKER before,
GEO-LOGICAL ENGINEER, MINING, MINING EXPLORATION, CAPITAL
MARKETS SINCE 18 YEARS OLD. HIS FATHER WAS INVOLVED IN THE SAME
BUSINESS. HE FOLLOWS IN HIS FATHERS FOOTSTEPS.
GRENVILLE PROVINCE IN QUEBEC WAS FOCUS FOR 5 YEARS, HE RAISED 3
MILLION IN EXPLORATION, SPENT IT ALL. HAD SOME GOOD SNIFFS, BUT
DIDN’T MAKE AN ECONOMIC DISCOVERY YET. SOLD THEM, PUT THEM ON
THE SHELF.
WINTER 1989, DRILLED 13 HOLES, HIT ON 8 OF THEM, SIGNIFICANT
INTERSECTIONS, QUARTER OUNCE WHICH IS 12 GRAMS ACROSS SEVERAL
METRES IN THE COUPLE OF HOLES. 0.17 (6 GRAMS PER TONNE). BACK
IN 1989 WERE VEIN TYPE GOLD AND ONLY REPORTING NARROW
INTERSECTIONS, BUT THERE IS A MUCH WIDER, THERE’S 20 METERS OF A
MUCH LOWER GRADE. NOW LOOKING FOR WIDE ZONES. HIGH PRICE OF
GOLD, CAN MINE WIDE ZONES, MINE AS OPEN PIT, PROJECTS IN SWAZYE
AREA ARE NOW QUITE EXCITING.
Geology Trelawney Project, it was acquired at $3 per share couple years ago by Yamana
(he thinks). It’s in the same greenstone belt. 25km and 10km away from Swayze. He
thinks it has potential for similar deposit. After the court procedure, they want to get into
Swayze right away and test, drill some cores. Now in ONTARIO have to get exploration
permits, that involves dialoguing with local aboriginal people. Would take some time,
don’t anticipate problems. Apparently they are exploration friendly.
db7
12 years ago
Richmond Minerals Inc. - Corporate UpdateRichmond Minerals Inc. RMD 5/2/2013 1:50:00 PMRichmond Minerals Inc. - Corporate Update
TORONTO, May 2, 2013 /CNW/ - (RMD: TSXV) Richmond Minerals Inc. ("Richmond" or the "Company") is very pleased to announce that Mrs. Victoria Kuklina has been appointed Chief Financial Officer for the Company. Mrs. Kuklina is a Certified General Accountant, and is an expert IFRS consultant for a number of publically and privately held corporations. To accommodate the appointment of Mrs. Kuklina, Mr. Andrew McQuire has agreed to step down as interim Chief Financial Officer. Mr. McQuire will continue to sit on Richmond's board to act as an independent director, and the management of Richmond thanks him for his efforts on behalf of the Company.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitute 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. Such risk factors include, among others, that the litigation will be resolved. 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.
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,
{signed}
Franz Kozich
President
SOURCE: Richmond Minerals Inc.
133 Richmond Street West, Suite 403
Toronto, Ontario, Canada M5H 2L3
Phone: (416) 603-2114
Fax: (416) 603-8436
Canada Newswire
May 2, 2013 - 1:50 PM EDT
db7
12 years ago
Richmond Minerals Inc. - Corporate Update
PrintAlert
Richmond Minerals Inc. (TSXV:RMD)
Intraday Stock Chart
Today : Monday 18 March 2013
TORONTO, March 18, 2013 /CNW/ - (RMD: TSXV) Richmond Minerals ("Richmond" or the "Company") is pleased to announce that a new purchase agreement has been reached with ARC Corporation ("ARC") whereby the Company will sell its 100% interest in the Lac Colombet Property to ARC for payment of Cdn $5,000 and the issuance of 2,000,000 common shares of ARC to Richmond. ARC shall have the right to terminate this purchase agreement if the CNSX Stock Exchange fails to accept the proposed arrangement for the Lac Colombet Property as the qualifying transaction for the ARC's listing on the CNSX Stock Exchange. If such an event occurs, the purchase agreement shall be terminated and Richmond will return the common shares of ARC, and ARC agrees to forfeit the deposit of $5,000. Richmond shall also have the right to terminate this purchase agreement if ARC fails to list its common shares on a recognized stock exchange within 6 months from the date of signing of this purchase agreement. If such an event occurs, this purchase agreement shall be terminated and the Richmond will return the common shares of ARC, and ARC agrees to forfeit the deposit of $5,000.
Furthermore, the TSX Venture Exchange (the "Exchange") has accepted for filing Surrey Capital Corporation's ("Surrey") Qualifying Transaction described in Surrey's Filing Statement dated January 28, 2013 and its press release dated March 1, 2013. As a result, at the opening of March 15, 2013 Exchange trading session, Surrey was no longer considered a Capital Pool Company. The Qualifying Transaction includes the following:
Surrey entered into an Option Agreement (the "Agreement") dated December 31, 2012 with Richmond and Mag Copper Limited ("Mag" and, together with Richmond, the "Vendors"). The Agreement will permit Surrey to earn a 50% interest in the Halle Township, Quebec Property, upon the payment of $20,000 and the issuance of 200,000 common shares of Surrey to the Vendors upon release of the Final Exchange Bulletin (the "Bulletin") and the issuance of an additional 400,000 common shares of the Corporation prior to the first anniversary of the release of the Bulletin, as well as the expenditure of a minimum of $200,000 in exploration costs within the first year following the release of the Bulletin.
Finally, litigation is underway pertaining to the Certificate of Pending Proceeding attached to the Company's Swayze Township Property claims in Northern Ontario. The certificates date back to 1990 and the plaintiff in this action seeks title to the Swayze Property and potential financial compensation from Richmond. Richmond is defending itself and expects a resolution in this matter later this year. Additionally Richmond recently staked 47 claim units that are contiguous with the western claim boundary of the Swayze claims (the "Raney Property"). Numerous historical gold-bearing mineralized zones have been identified on the claims immediately to the east and west of the Raney Property. An east-west trending airborne EM and magnetic anomaly was identified on the Raney Property in the mid 1980's and little follow-up exploration work on this target has been recorded since that time.
Warren Hawkins, P.Eng, a "Qualified Person", within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral 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 Company (as defined in National Instrument 43-101), as he currently holds securities of Richmond.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitute 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. Such risk factors include, among others, that the litigation will be resolved. 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.
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,
{signed}
Franz Kozich
President
SOURCE Richmond Minerals Inc.
Copyright 2013 Canada NewsWire
db7
12 years ago
http://www.canadianinsider.com/node/7?menu_tickersearch=rmd
As of 11:59pm ET October 18th, 2012
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Sep 24/12 Sep 20/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 53,000 $0.020
Sep 24/12 Sep 20/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 85,000 $0.015
Aug 31/12 Aug 31/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 200,000 $0.015
May 2/12 Apr 27/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 24,000 $0.015
May 2/12 Apr 26/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 1,000 $0.015
May 2/12 Apr 26/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.015
Apr 24/12 Apr 19/12 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.015
db7
13 years ago
Richmond Minerals Inc. - Exploration Update
TORONTO, Dec. 5, 2011 /CNW/ - (RMD: TSXV) Richmond Minerals Inc. and Mag Copper Ltd. (QUE: CNSX) are pleased to provide an update on its Bondy Gneiss Complex 50/50 joint venture project located approximately 30 kilometres southeast of Mont Laurier, Quebec.
A diamond drill program will begin on or about December 8, 2011 to test the EM-1 electromagnetic and co-incidental magnetic anomaly located within the central project area. A minimum of three holes are planned to test the anomaly along the extent of its strike length. Elevated values for zinc (up to 2%), molybdenum and copper have been obtained in grab sampling of EM-1 surface exposures. Drilling in 2008 of a copper showing associated with an induced polarization anomaly located approximately 1 km south returned 0.21% copper with elevated values for gold and silver over a 37.45 metre interval.
Warren Hawkins, P.Eng, a "Qualified Person", within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral 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 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 release.
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future are forward looking statements. These forward-looking statements reflect the current expectations or beliefs of the Corporation based on information currently available to the Corporation. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Corporation. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: the incompletion of exploration work due to severe weather conditions, mechanical breakdowns, blockades or other factors. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Corporation believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
On Behalf of Richmond Minerals,
{signed}
Franz Kozich,
President
Contacts
Richmond Minerals Inc.
133 Richmond Wt. W
Suite 403
Toronto
Ontario M5H 2L3
(416) 603-2114
db7
13 years ago
Richmond Minerals Inc. Corporate Update
Thu, Nov 24, 2011 4:00 PM
TSX Venture: RMD
Shares Issued and Outstanding: 79,059,239
TORONTO, Nov. 24, 2011 /CNW/ - (RMD: TSXV). - Richmond Minerals Inc. ("Richmond" or the "Company") announces that a conditional agreement has been reached with ARC Exploration Inc. (ARC) to sell Richmond's 100% interest in the Lac Colombet Property (the property) located in the Ungava Bay region of Quebec. ARC will issue 1,000,000 of its common shares to Richmond and has made a non-refundable deposit of Cdn $10,000. Richmond has the right to terminate the agreement if ARC fails to list its common shares on a recognized stock exchange on or before April 30, 2012.
The Company also announces that it has received $200,000 in the form of a short term loan. The loan is secured by the 232,500 shares of Lake Shore Gold Corp. that Richmond owns. Additional loan terms require Richmond to re-pay the lender the $200,000 principal amount plus a $25,000 fee on or before March 30, 2012. Proceeds of the loan will be used to retire the Company's outstanding convertible debenture and for general corporate purposes.
The Company also announces the resumption of diamond drilling at its Bondy Gneiss Complex (the Complex) joint venture project located south of Mont Laurier, Quebec. In this phase of drilling, Richmond as operator will be testing the strong HLEM with coaxial magnetic anomaly located in the central area of the Complex. Previous diamond drilling of induced polarization targets located approximately two kilometers south returned a highlight of 0.21% copper over a 37.45 meter interval. The drilling program is scheduled to begin on or about December 1, 2011. Richmond's 50/50 joint venture partner, Mag Copper Ltd. (QUE: CNSX) has contributed $75,000 towards the exploration cost of this phase of drilling.
Warren Hawkins, P.Eng in his capacity as Qualified Person under National Instrument 43-101 has reviewed the contents of this news release
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Canadian National Stock Exchange has reviewed this news release and neither accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking statements. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Contacts
Warren Hawkins
Exploration Manager
warren@richmondminerals.com
Franz Kozich
President & Chief Executive Officer
(416) 603-2114
db7
13 years ago
Richmond Minerals Inc. Announces Property Sale
Press Release Source: Richmond Minerals Inc. On Tuesday September 13, 2011, 2:46 pm
TORONTO, ONTARIO--(Marketwire - Sept. 13, 2011) - Richmond Minerals Inc. (TSX VENTURE:RMD - News; "Richmond" or the "Company") announces that an agreement has been reached with Lake Shore Gold Corp. to sell its 100% ownership interest in the Highway 101 Property (the property) located in Guibord Township, Ontario. As part of the agreement, Vendome Resources Corp. (Vendome) has agreed to cancel its August 2009 earn-in agreement with Richmond. Terms of the arrangement are as follows: Lake Shore will issue to Richmond 232,500 common shares of Lake Shore and 116,250 Lake Shore purchase warrants; Lake Shore will issue to Vendome 67,500 common shares of Lake Shore and 33,750 Lake Shore purchase warrants. The terms of the warrants are as follows: each warrant will allow the warrant holder to purchase one common share of Lake Shore at a price of $3.00 for a 2 year period following the closing date of the sale of the property. The 1st anniversary payment of 200,000 common shares of Vendome to Richmond as set out in the earn-in agreement between Richmond and Vendome has also been cancelled. Closing of the sale is scheduled on or before October 31, 2011.
In addition, Richmond announces the resignation of Mr. Robert Leinster, Director as of April 28, 2011.
This news release contains forward-looking statements. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Shares Issued and Outstanding: 79,059,239
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Canadian National Stock Exchange has reviewed this news release and neither accepts responsibility for the adequacy or accuracy of this news release.
Contact:
Franz Kozich
Richmond Minerals Inc.
President & Chief Executive Officer
(416) 603-2114
info@richmondminerals.com
db7
13 years ago
my scattered thoughts for what they may be worth ->
quick timeline and reasons why i think it's about to get interesting...
1) Exploration Mgr, buys 50k in open market at .035
Dec 24/10 Dec 22/10 Hawkins, Warren Russell Direct Ownership Common Shares 10 - Acquisition in the public market
2) Richmond Minerals Inc. Makes Management ChangesMarketwire(Fri, Apr 29, 2011)
3) Mid May 2011, volume spurt at the ask of which those shares didn't appear to come back up for sale.. also chatter on message board by what sounds like an 'informed' shareholder saying LSG may need rmd's land to do their open pit
May 16, 2011 0.04 0.04 0.04 0.04 513,000 0.04
May 13, 2011 0.04 0.04 0.04 0.04 384,000 0.04
May 12, 2011 0.04 0.04 0.04 0.04 353,000 0.04
May 11, 2011 0.04 0.04 0.04 0.04 1,188,000 0.04
May 10, 2011 0.03 0.04 0.03 0.04 2,823,400 0.04
4) Every now and then i was checking their website.. end of august when i checked it.. it had changed to:
"Under Construction.. We are currently updating our website. please check back soon."
http://richmondminerals.bigspinhosting.com/
5) volume spurt out of nowhere, large bids and ask hits on Sept 6, 2011
Sep 6, 2011 0.03 0.04 0.03 0.04 1,445,100 0.04
Sep 2, 2011 0.03 0.03 0.03 0.03 0 0.03
Sep 1, 2011 0.03 0.03 0.03 0.03 0 0.03
Aug 31, 2011 0.03 0.03 0.03 0.03 0 0.03
Aug 30, 2011 0.03 0.03 0.03 0.03 0 0.03
Aug 29, 2011 0.03 0.03 0.03 0.03 5,000 0.03
Aug 26, 2011 0.02 0.03 0.02 0.03 26,000 0.03
Aug 25, 2011 0.03 0.03 0.03 0.03 8,000 0.03
Aug 24, 2011 0.02 0.02 0.02 0.02 0 0.02
... and that's it.. nothing too concrete yet BUT I think some interesting signs are there
g/l!
db7
13 years ago
http://vendomeresourcescorp.com/vendome-guibord-property.htm
The Highway 101 property is located in the Abitibi Greenstone belt that hosts the Porcupine and Kirkland Lake mining camps. The Property is approximately 1,280 acres (518 hectares) in size and consists of 32 unpatented mining claims within the confines of four claim blocks numbers 1200195 to 12001198 inclusive. The blocks are located in the northwest quarter of Guibord Township, Larder Lake Mining Division, District of Cochrane, Ontario.
The Property lies approximately 80 kilometres east of the City of Timmins, 16 kilometres east of the Town of Matheson and 45 kilometres northwest of the Town of Kirkland Lake. The Property’s approximate centre is located at 48 degrees 31 minutes North Latitude and 80 degrees 14 minutes West Longitude.
Direct access to the Property is via Provincial Highway 101, east from Matheson, to where it crosses the northeast corner of claim 1200195. Access to the central part of the Property is by a bush road that starts at Highway 101 and runs south through the Property from the centre of the north boundary of claim 1200195.
In 1946, Gui-por Gold Mines drilled two holes on the Property (claim 1200196) that intersected lamprophyre, sediments with pyrite, quartz-carbonate veins and pyrrhotite. No values were reported. Also in 1946 Hislop Gold Mines drilled one hole in the north half of claim 1200198 that intersected quartz veins with pyrite in sediments and syenite and, again, no values are reported. In 1950, Broulan Porcupine Mines drilled a hole into a diabase dike. The collar of the hole was located about 400 metres (1320 feet) south of Hwy 101 on claim 1200195. Between 1984 and 2000 a number of companies explored an auriferous occurrence referred to as the Pangea deposit or Fenn-Gibb property. This deposit is found within lots 6 and 7, Concession VI, Guibord Township, immediately south of Highway 101. The Fenn-Gibb property adjoins the Highway 101 Property claim 1200195, to the east.
Between March, 1994 and March, 1996 Tandem Resources Ltd. and NAR Resources Ltd. (NAR) funded the following work on the Highway 101 Property for the results of which are all on file with the Ontario Ministry of Northern Development and Mines and available for public scrutiny.
The exploration objective of the programmes was to locate economic concentrations of auriferous mineralization hosted in sub-vertical sheared or fracture-related zones. The geophysical objectives were to locate and delineate, zones of metallic mineralization by their electromagnetic responses and magnetic signatures.
This work included the following: 61.6 kilometres of line-cutting over the entire property; 61.6 kilometres of magnetic and 61.525 kilometres of VLF-EM (very low frequency electromagnetic) surveys over the entire property; Induced Polarization (IP) and Resistivity surveys which included the collection and processing of 32 line kilometres over claims 1200195 and 1200196, and the west half of claim 1200197; 372 metres of reverse circulating drilling; and 18,051 feet (5502 metres of diamond drilling). This programme confirmed that gold, intimately associated with pyrite, frequently occurs on the property but failed to delineate an economic deposit.
In January of 2006, Richmond Minerals acquired the Highway 101 Property from Tandem Resources. In the spring and summer of 2006, Richmond focused exploration work on claim 1200195. 31 kilometres of line-cutting and total field magnetic surveying were completed, followed by 1,047 lineal metres of diamond drilling in four holes. Anomalous zones of gold were identified in three of the four holes drilled during this programme. The gold values obtained during this drilling programme were sub-economic, however the economic potential of the Property remains substantial because several promising targets have yet to be tested.
This conclusion has been confirmed in a National Instrument 43-101 compliant geological report of the Highway 101 property provided by M.W. Rennick, P.Eng.
db7
13 years ago
this was never posted here and is important.. our jv partner vendome pr'd it BUT didn't put our symbol in the release
Update Report on Guibord Property
Toronto, Ontario CANADA, May 19, 2011 /FSC/ - Vendome Resources Corp. (TSX - VX: VDR), and Richmond Minerals Inc. ("Richmond") are pleased to announce that assay results have been received for the exploration work at the Guibord Property (the "Property") in Guibord Township, Larder Lake Mining Division, Ontario. Vendome has an agreement with Richmond whereby it can earn a 51% interest in the Property by incurring $250,000 in exploration expenditures before April of 2012 and issuing to Richmond 600,000 common shares of the Corporation. To date, the Corporation has issued the 600,000 common shares and has incurred over $100,000
The exploration work consisted of an initial 1,200-meter program diamond drill program in three holes within the Property's northern most claim unit (claim no. 1200195). All grid co-ordinates are below are in meters.
Hole VDR-11-01 was collared at grid co-ordinate 5+75E, 16+00E and drilled at an azimuth of 0 degrees with an inclination of -50 degrees to a depth of 299.15 m. This hole was spotted to test an east-west striking induced polarization anomaly near the north central property boundary. Significant results include 20.43 g/tonne silver over 0.79 m from 200.84 m to 201.63 m down hole; 77.01 g/tonne silver from 259.68 to 260.49 m down hole; and 18.65 /tonne silver over 1.25 m from 264 m to 265.25 m down hole. Anomalous values for gold were also obtained in several intervals.
Hole VDR-11-02 was collared at grid co-ordinate 17+75 E, 5+25 N and drilled at an azimuth of 45 degrees with an inclination of -50 degrees to a depth of 431 m. This hole was spotted to test for an extension to a westward striking shear zone extending from the neighbouring Fenn-Gibb Project, and to test a gold in till geochemical anomaly identified along the north-south property boundary between the Highway 101 Property and Fenn-Gibb Project. Significant results include 41.83 gram/tonne silver over 0.95 m from 81.48 m to 82.54 m down hole; 17.97 g/tonne silver over 1.06 m from 81.48 m to 82.54 m down hole; 0.62 g/tonne gold over 2.7 m from 248.5 m to 249.3 m down hole; and 1.5 g/tonne gold and 9.77 g/tonne silver over 5 m from 341 m to 346 m down hole.
Hole VDR-11-03 was collared at grid co-ordinate 17+75 E, 5+65 N and drilled at an azimuth of 45 degrees with an inclination of -50 degrees to a depth of 449 m. This hole was spotted to test for eastern strike extensions of the zones identified in the second hole. Significant intersections include 0.60 g/tonne gold over 6.84 m from 305.63 m to 312.47 m down hole with a hi-light of 2.66 g/tonne over 1.35 m; 1.38 g/tonne gold and 5.39 g/tonne silver over 1.93 m from 363.90m to 365.83 m down hole; 1.02 g/tonne gold and 4.25 g/tonne silver over 7.02 m from 387.78m to 394.80m down hole including a hi-light of 2.47 g/tonne gold and 10.22 g/tonne silver over 1.35m; and 1.18 g/tonne gold over 6 m from 415.62 m to 421.62 m down hole. This hole ended in gold mineralization at the property boundary with the neighboring Fenn-Gibb project.The true widths of all reported intersections are unknown at this time.
The Property is located in the Abitibi Greenstone belt, which hosts the Porcupine and Kirkland Lake mining camps. The Property lies approximately 80 kilometres east of the City of Timmins Ontario. It is approximately 1,280 acres (518 hectares) in size and consists of 32 unpatented mining claim units in the northwest quarter of Guibord Township. Historical exploration work within Guibord Township has determined that potentially significant economic gold occurrences are sometimes associated with north-northeast and northwest striking brittle and ductile faults in the district. These faults are known to occur on the Property and will be the primary targets for the upcoming exploration work. Specifically hi-lights of previous drilling in the central area of the Property (claim no. 1200197) southwest of the Fenn-Gibb project include 2.93 /tonne gold over 17.9 m in hole C4-3, and 1.21 /tonne gold over 16.2 m in hole C4-5.
The Fenn-Gibb gold project adjoins the Property immediately to the east of claim no. 1200195 and north of claim no. 1200197. On May 5, 2011 Lake Shore Gold announced the issuance of 14.9 million of its common shares for the acquisition of the Fenn-Gibb Project, including 14.4 million common shares to Barrick Gold. Lake Shore reported that it is targeting an initial National Instrument 43-101 resource of at least 2 to 3 million ounces at Fenn-Gibb. The north boundary of the east claim of the Highway 101 property (claim no. 1200197) lies approximately 400 m south of the mineralized envelopment of the Fenn-Gibb project for a strike length of 450 meters. The eastern half of this claim remains largely unexplored.
Qualified Person
Warren Hawkins, P.Eng in his capacity as "Qualified Person", within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.
db7
14 years ago
News Release - Richmond Minerals Inc. (TMXV - RMD) - Fort Chimo Minerals (CNQ: FORT)RICHMOND MINERALS INC RMD 8/30/2010 2:45:00 PMTORONTO, Aug. 30, 2010 (Canada NewsWire via COMTEX News Network) --
TSX Venture: RMD
Shares Issued and Outstanding: 77,059,239
Richmond Minerals Inc. ("Richmond") is pleased to provide the following corporate project update regarding the Hallé Township joint venture with Fort Chimo Minerals (CNQ: FORT) near Belleterre, Québec.
All necessary permits for the diamond drilling programme have now been received from Long Point First Nation and Société de protection des forets contre le feu. Drilling work is scheduled to begin during the week of September 6, 2010.
Geophysical data from the detailed ground EM and magnetic surveys completed earlier this summer has been reviewed and eight priority targets have been selected for the first phase of drilling. The anticipated meterage is for 2400 metres of drilling. In particular, 4 holes are targeted for the north and south anomalies.
As described in previous news releases, joint venture management believes the Hallé Township project is a newly discovered polymetallic volcanogenic massive sulphide occurrence. Grab sampling of the limited surface outcrops in the target area has returned base metal values in excess of 1%, and highly anomalous precious metal values. A review of historical assessment files indicates no definitive historical exploration work in the target area.
Warren Hawkins, P.Eng., in his capacity as Qualified Person under National Instrument 43-101, has reviewed the content of this release.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Canadian National Stock Exchange has reviewed this press release and neither accepts responsibility for the adequacy or accuracy of this news release.
This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Richmond does not undertake any obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
%SEDAR: 00009282E
SOURCE: Richmond Minerals Inc.
Birks Bovaird, President or Warren Hawkins, Exploration Manager, Telephone: (416) 603-2114, Facsimile: (416) 603-8436
Copyright (C) 2010 CNW Group. All rights reserved.
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12 years ago
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