TORONTO, Sept. 10 /CNW/ - Richmond Minerals Inc. ("Richmond")(RMD-TSXV)
is pleased to announce that a reverse circulation drilling program will
commence on Richmond's 100% owned Lac Mistamisk property in the third week of
September, 2007. The Lac Mistamisk property is located approximately 200
kilometres northwest of Schefferville, Quebec. The property covers a recently
discovered, strong radiometric airborne anomaly. The dimensions of the
radioactivity anomaly are believed to approach 800 to 1,000 meters in strike
length. In the immediate area southeast of Lac Mistamisk, boulders carrying
values as high as 4% U3O8 and 15 ounces of gold per ton are known to occur.
These boulders are located approximately 4 kilometres east of Richmond's newly
discovered radiometric airborne anomaly. Richmond anticipates drilling 4 to 5
boreholes within the anomaly area before the end of September, 2007.
In addition, ground magnetic surveys have been completed for the Ste.
Anne du Lac property, located north of Mont Laurier, Quebec. Two magnetic
anomalies were identified in the central and south-eastern areas of the
property. These anomalies appear to be strong iron-oxide copper gold (IOCG)
exploration targets, and have similar exploration potential to the historical
Allied, Tom Dick and Lac Hanson uranium deposits near Richmond's Ste. Anne du
Lac property. The proposed radiometric airborne survey of the Ste. Anne du Lac
property has been delayed until the spring of 2008, due to the scheduling
delays of Richmond's geophysical contractor.
Warren Hawkins, P.Eng in his capacity as Qualified Person under National
Instrument 43-101 has reviewed the contents of this news release.
We seek safe harbour.
On Behalf of Richmond Minerals,
Neither the TSX Venture Exchange Inc. nor any other regulatory body
accepts responsibility for the adequacy or accuracy of this news release.
For further information:
For further information: Paul Ankcorn, President of Richmond, or Warren
Hawkins, Exploration Manager at (416) 603-2114