Richmont Mines Provides Delineation and Phase 2 Exploration Drilling Update for Island Gold

Delineation Drilling Continues to Demonstrate Significant Potential to Convert High Grade Inferred Resources within the 2016 PEA Area

TORONTO, Oct. 12, 2016 /CNW/ - Richmont Mines Inc. (TSX: RIC) (NYSE MKT: RIC) ("Richmont" or the "Corporation"), is pleased to provide an update on delineation drilling within the expanded 2016 Preliminary Economic Assessment ("PEA") area as well as initial results from the strategic Phase 2 exploration drilling program at the cornerstone Island Gold Mine. (All results are reported with estimated true width with high grade assays capped at 95 g/t gold).

"We are very pleased with the results from our near-mine exploration and delineation drilling programs as the results clearly demonstrate the significant potential to grow our near-mine reserve inventory and identify new resource blocks located within the 2016 PEA area. These ounces could extend mine life above the 1,000 metre level and be incorporated into the near-term mine plan utilizing current infrastructure," stated Renaud Adams, CEO. He continued, "We are also reporting initial results from our recently launched 18 to 24 month Phase 2 exploration program that continues to show the potential to increase resources laterally along strike, primarily to the east, and at depth below the 1,000 metre level."

2016 PEA DELINEATION DRILLING PROGRAM (Figure 1)
Delineation drilling is focused in three key areas: 1) the western portion of the 2016 PEA area between the 460 and 860 metre levels; 2) the potential fourth mining horizon between the 860 and 1,000 metre levels; and 3) the eastern portion of the 2016 PEA area, within Extensions 1 and 2, east of the first dyke.

Approximately 41,947 metres of delineation drilling have been completed to date. Drill results continue to provide increased confidence that a significant portion of the inferred resources located in the 2016 PEA area could potentially be converted to measured and indicated resources by year end, which could be incorporated into the short-term mine plan and support a potential near-term growth opportunity. Currently, two drill rigs continue to operate from the 740 exploration drift and one from the 620 exploration drift to complete the 50,000 metre delineation drilling program planned for 2016.

Recent drilling highlights from the western portion of the 2016 PEA area, between the 460 and 860 metre levels, include (Table 1 and Table 2):

  • Hole 450-467-54: 28.26 g/t gold over 2.56 metres
  • Hole 450-467-61A: 24.08 g/t gold over 3.70 metres
  • Hole 740-477-01: 11.91 g/t gold over 8.11 metres
  • Hole 740-477-02: 18.63 g/t gold over 7.28 metres
  • Hole 740-477-03: 20.92 g/t gold over 9.69 metres
  • Hole 740-477-04: 9.91 g/t gold over 12.00 metres
  • Hole 740-477-05: 25.61 g/t gold over 7.81 metres
  • Hole 740-483-02: 11.69 g/t gold over 11.28 metres
  • Hole 740-483-04: 13.46 g/t gold over 9.28 metres

Recent drilling highlights from the potential fourth mining horizon, between the 860 and 1,000 metre levels, include (Table 2 and Table 3):

  • Hole 620-517-44: 16.12 g/t gold over 16.46 metres
  • Hole 740-471-10: 33.51 g/t gold over 2.22 metres

Recent drilling highlights from the Extension 1 and Extension 2 areas of the eastern portion of the 2016 PEA area, above the 860 level, include (Table 4 and Table 5):

  • Hole 620-524-35: 8.12 g/t gold over 3.83 metres
  • Hole 620-524-36: 6.09 g/t gold over 8.49 metres
  • Hole 620-538-01: 5.98 g/t gold over 2.52 metres
  • Hole 620-548-01: 5.31 g/t gold over 3.31 metres
  • Hole 620-548-02: 8.93 g/t gold over 2.27 metres
  • Hole 620-548-03: 6.13 g/t gold over 3.13 metres

PHASE 2 EXPLORATION PROGRAM (Figure 2)
The 18 to 24 month, 142,000 metre Phase 2 exploration drilling program that was launched in July continues to focus on four key priorities: 1) to expand near-mine resources within the 2016 PEA limits of the main deposit; 2) continuing to test the lateral continuity of the known deposit to the east to potentially add new resource blocks with the overall objective of extending mine life above the 1,000 metre level; 3) to identify the next million-plus ounce, high grade inferred resource in the vertical extension of the deposit between the 1,000 and 1,500 metre levels; and 4) continuing to test high priority regional gold targets across the prospective Island Gold property.

Near-Mine Exploration Drilling Program (Figure 3)
The main objective of the near-mine exploration drilling program is to expand near-mine inferred resources within the 2016 PEA area by infilling gaps between current inferred resource blocks.

Approximately 10,232 metres of a planned 22,000 metres for 2016 have been completed with encouraging results received to date, which increases our confidence for resource expansion within the 2016 PEA area. Currently, one drill rig is operating from underground with a second drill to be mobilized later in October.

Recent drilling highlights from the western portion, between the 740 and 860 metre levels, include (Table 2):

  • Hole 740-477-06: 13.88 g/t gold over 7.52 metres
  • Hole 740-477-07: 5.03 g/t gold over 8.11 metres
  • Hole 740-477-08: 6.13 g/t gold over 10.65 metres
  • Hole 740-483-03: 17.69 g/t gold over 8.33 metres
  • Hole 740-483-17: 31.53 g/t gold over 2.56 metres
  • Hole 740-486-06: 11.97 g/t gold over 4.49 metres

Recent drilling highlights from the potential fourth mining horizon, between the 860 and 1,000 metre levels, include (Table 3):

  • Hole 620-517-41: 12.60 g/t gold over 3.96 metres
  • Hole 620-517-42: 12.47 g/t gold over 3.36 metres
  • Hole 620-517-43: 35.21 g/t gold over 10.87 metres
  • Hole 620-524-27: 29.15 g/t gold over 4.44 metres

Recent highlights from the Extension 1 and Extension 2 areas, located in the eastern portion, above the 860 metre level and east of the first dyke include (Table 4 and Table 5):

  • Hole 620-524-24: 9.42 g/t gold over 3.16 metres
  • Hole 620-524-26: 5.91 g/t gold over 4.10 metres
  • Hole 620-524-28: 15.56 g/t gold over 4.30 metres
  • Hole 620-524-37: 13.65 g/t gold over 3.10 metres
  • Hole 620-543-38: 20.21g/t gold over 2.37 metres
  • Hole 620-543-43: 10.65 g/t gold over 5.43 metres
  • Hole 620-543-47: 10.85 g/t gold over 2.59 metres
  • Hole 620-543-53: 8.34 g/t gold over 2.36 metres

Eastern Lateral Exploration and Infill Drilling Program (Figure 4)
A key objective of the Phase 2 eastern lateral drilling program is to add a new resource block where Phase 1 drilling intercepted 33.3 g/t gold over 2.6 metres located approximately 300 metres east of the main deposit, outside the 2016 PEA area.

Approximately 3,833 metres of a planned 9,000 metres (including 3,000 metres of infill drilling) for the second half of 2016 have been completed to test the lower portion of this mineralized area. Drilling in the upper portion as well as the eastern extension of the mineralized area will be completed over the balance of the year. Currently, one drill rig is operating from surface to test the eastern extension and one drill operating from underground will be mobilized in mid-October.

Recent highlights include (Table 6):

  • Hole GD-586-01: 4.02 g/t gold over 3.56 metres
  • Hole GD-586-02A: 10.41 g/t gold over 2.06 metres

Deep Exploration Drilling Program Highlights: (Figure 5)
The 2016 deep directional exploration drilling program is to test the eastern and western down plunge corridors between the 1,000 and 1,500 metre levels with the overall objective of discovering the next million-plus ounces of high-grade inferred resources. In the western area, new parallel zones located south of the main mineralized zones were intercepted and we are currently compiling and interpreting the geological data. Additional drilling is required to better understand the structural geology at depth, however these new zones increase the overall potential of the down plunge extension, providing new high quality targets for follow up drilling.

Approximately 6,360 metres of a planned 22,000 metres for 2016 have been completed to date. Drilling in the third quarter was slower than planned as deeper targets were being tested. A seventh drill was mobilized in late September to help accelerate drilling over the balance of the year.

Recent highlights from exploration drilling include (Table 7):

  • Hole MH2A-4: 5.66 g/t gold over 6.38 metres
  • Hole MH3-7: 8.41 g/t gold over 5.60 metres
  • Hole MH4-2: 5.14 g/t gold over 3.32 metres (new parallel Zone)
  • Hole MH4-3A: 17.77 g/t gold over 4.81 metres (new parallel Zone)
  • Hole MH5: 7.11 g/t gold over 2.23 metres (G1 Zone)
    3.89 g/t gold over 2.54 metres (new parallel Zone)
  • Hole MH1-9A: 26.56 g/t gold over 0.82 metres (X Zone)

Deep Infill Drilling Program Highlights: (Figure 5)
The objective of the deep infill drilling program is to define a potential inferred resource block that was identified through the Phase 1 program. The block is located in the eastern down plunge extension of the C Zone between the 1,000 and 1,500 metre levels.

Approximately 1,894 metres of a planned 5,000 metres for 2016 have been completed (50 metre drill spacing) to date. Infill drilling will continue in this area over the balance of the year utilizing one drill rig from surface. Infill drilling will transition to underground drilling once access to the 860 metre drift has been established.

Highlights from the first two holes have confirmed the mineralization within this targeted area as follows (Table 7):

  • Hole MH2A-5A: 14.99 g/t gold over 2.29 metres
  • Hole MH2A-6: 6.46 g/t gold over 4.39 metres

Phase 2 Regional Drilling Program
The Phase 2 regional drilling program is designed to continue to evaluate the potential extension of the mineralization below the Kremzar mine as well as other previously identified high-priority gold targets located elsewhere on the highly prospective 77 km2 Island Gold property. The Phase 2 regional drilling program is expected to begin in late 2016 or early 2017.

Qualified Persons
The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Daniel Adam P. Geo., Ph.D., Richmont's Vice-President, Exploration, a Qualified Person as defined by NI 43-101.

Quality Control
Assays for the exploration drilling were done at LabExpert in Rouyn-Noranda. Mineralized zones samples will be resent for verification in an accredited laboratory. The Corporation inserts at regular intervals quality control (QC) samples (blanks and reference materials) to monitor laboratory performance.

About Richmont Mines Inc.
Richmont Mines has produced over 1.6 million ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production. The Corporation currently produces gold from the Island Gold Mine in Ontario, and the Beaufor Mine in Quebec. The Corporation is also advancing development of the significant high-grade resource extension at depth of the Island Gold Mine in Ontario. With 35 years of experience in gold production, exploration and development, and prudent financial management, the Corporation is well-positioned to cost-effectively build its Canadian reserve base and to successfully enter its next phase of growth.

Forward-Looking Statements
This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may", "objective" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. Except as may be required by law or regulation, the Corporation undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, without limitation, changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as uncertainties regarding government regulations and the failure of our exploration drilling programs to identify significant new resources or targets or expand existing resources could also affect the results. Other risks are set out in Richmont's Annual Information Form, Annual Reports and periodic reports. The forward-looking information contained herein is made as of the date of this news release.

Cautionary note to US investors concerning resource estimates
Information in this press release is intended to comply with the requirements of the Toronto Stock Exchange and applicable Canadian securities legislation, which differ in certain respects with the rules and regulations promulgated under the United States Securities Exchange Act of 1934, as amended ("Exchange Act"), as promulgated by the SEC. The requirements of  National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101) adopted by the Canadian Securities Administrators differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC").

U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, as filed with the SEC under the Exchange Act, which may be obtained from us (without cost) or from the SEC's web site: http://sec.gov/edgar.shtml.

Tables of Drill Results

 


TABLE 1

LATERAL EXPLORATION

(West of Main Zone - Higher than 740 LEVEL)

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

450-467-51A

291

207.72

214.36

5.24

4.51

4.51

C

576

450-467-52

390

226.30

230.10

2.77

6.24

6.24

C

599

450-467-54

381

194.22

197.32

2.56

28.26

28.26

C

555

450-467-55

264

175.34

180.56

4.68

8.38

8.38

C

526

450-467-56A

305

175.03

177.36

2.15

0.50

0.50

C

511

450-467-58

300

255.00

258.08

2.07

2.78

2.78

C

622

450-467-59

255

194.71

197.85

2.50

1.99

1.99

C

549

450-467-60

342

246.00

249.88

2.69

3.67

3.67

C

620

450-467-61A

285

198.71

203.30

3.70

31.14

24.08

C

562

including


202.40

202.90

0.40

159.81

95.00



450-467-62A

210

170.50

174.13

3.30

4.26

4.26

C

511

450-467-63

406

255.30

258.40

2.15

4.94

4.94

C

626

450-467-64

306

232.80

237.00

3.05

1.78

1.78

C

595

450-467-65

375

228.14

230.97

2.06

4.24

4.24

C

600

460-457-01

250

194.50

197.30

2.50

6.09

6.09

C

524

460-457-02

400

213.20

216.30

2.60

98.68

11.60

C

558

including


213.65

214.00

0.29

866.27

95.00



460-457-03

291

227.84

231.00

2.47

1.42

1.42

C

585

 



TABLE 2

LATERAL EXPLORATION

(West of Main Zone - Lower than 740 LEVEL)

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

740-471-01

171

120.51

124.50

3.85

0.73

0.73

C

776

740-471-02

201

143.90

147.45

2.86

1.57

1.57

C

832

740-471-03

318

157.00

159.87

2.05

1.04

1.04

C

858

740-471-04

243

182.00

187.60

3.57

6.85

6.85

C

888

740-471-05

180

122.20

129.16

6.62

2.20

2.20

C

766

740-471-06

192

127.40

133.40

5.54

7.13

7.13

C

785

740-471-07

201

136.48

140.70

3.58

1.37

1.37

C

814

740-471-08

291

149.13

152.56

2.62

2.18

2.18

C

838

740-471-09

342

176.30

186.40

6.75

2.27

2.27

C

877

740-471-10

270

193.80

197.50

2.22

135.61

33.51

C

900

including


194.80

195.80

0.60

472.77

95.00



740-471-11

177

122.90

125.30

2.32

1.14

1.14

C

778

740-471-12

177

123.30

127.90

4.24

4.11

4.11

C

794

740-471-13

200

147.80

150.33

2.01

8.74

8.74

C

836

740-477-01

384

178.32

190.31

8.11

22.28

11.91

C

872

including


187.23

188.23

0.68

219.32

95.00



740-477-02

354

170.00

179.92

7.28

21.55

18.63

C

855

including


172.35

173.09

0.54

114.89

95.00



including


178.11

179.11

0.73

109.17

95.00



740-477-03

339

162.61

175.02

9.69

31.25

20.92

C

836

including


168.90

170.50

1.25

115.70

54.27



740-477-04

309

146.15

160.11

12.00

13.10

9.91

C

810

740-477-05

291

139.62

148.13

7.81

44.53

25.61

C

787

including


141.62

144.00

2.18

211.69

95.00



740-477-06

504

130.40

138.30

7.52

17.57

13.88

C

766

including


134.10

135.00

0.86

127.40

95.00



740-477-07

303

134.80

143.20

8.11

5.03

5.03

C

738

including


137.00

137.70

0.68

52.69

52.69



740-477-08

318

137.60

148.60

10.65

6.13

6.13

C

715

including


147.10

147.60

0.48

48.85

48.85



740-477-09

390

217.84

223.07

3.18

5.82

5.82

C

912

740-477-10

365

200.60

204.43

2.52

4.75

4.75

C

889

740-477-11

420

168.30

179.00

7.64

23.90

11.07

C

860

including


169.60

172.30

1.93

73.48

22.65



including


176.30

177.00

0.50

67.10

67.10



740-477-12

313

156.90

161.60

3.73

5.03

5.03

C

835

740-477-13

303

145.70

149.70

3.43

3.16

3.16

C

813

740-477-14

423

134.00

138.21

3.91

25.17

25.17

C

786

740-477-15

260

129.40

137.05

7.54

1.17

1.17

C

752

740-477-16

249

139.30

143.10

3.73

0.39

0.39

C

715

740-477-17

270

192.00

199.00

4.61

6.05

6.05

C

885

740-477-26

225

152.00

156.00

3.77

0.59

0.59

C

734

740-477-27

231

149.00

153.00

3.75

0.34

0.34

C

748

740-483-01

210

160.00

169.00

7.76

6.60

6.60

C

812

740-483-02

270

184.77

199.76

11.28

14.72

11.69

C

855

including


194.77

195.27

0.38

186.04

95.00



including


196.27

197.27

0.75

74.43

74.43



740-483-03

300

201.00

213.75

8.33

17.69

17.69

C

886

including


202.00

205.40

2.22

62.23

62.23



740-483-04

220

178.32

190.29

9.28

49.41

13.46

C

844

including


178.61

179.00

0.30

1198.12

95.00



740-483-05

270

204.00

211.45

5.03

84.74

15.67

C

883

including


204.00

204.74

0.50

292.80

95.00



including


208.55

208.85

0.20

1322.21

95.00



740-483-08

273

203.72

207.13

2.36

1.55

1.55

C

875

740-483-09

300

213.57

224.00

6.75

7.95

6.58

C

895

740-483-10

324

183.10

192.13

7.04

7.26

7.26

C

842

740-483-11

234

180.00

189.48

7.35

0.91

0.91

C

835

740-483-12

324

198.33

202.55

3.06

0.35

0.35

C

862

740-483-13

291

215.20

218.80

2.33

7.93

7.93

C

890

740-483-14

385

230.00

233.60

2.27

0.34

0.34

C

891

740-483-17

177

153.85

156.50

2.56

31.53

31.53

C

732

including


155.00

156.00

0.97

77.68

77.68



740-483-18

177

147.05

151.95

4.81

4.25

4.25

C

738

740-486-04

111

79.27

85.37

4.09

2.67

2.67

C

791

740-486-05

99

72.65

78.00

4.01

4.14

4.14

C

780

740-486-06

102

74.24

80.75

4.49

24.66

11.97

C

781

including


78.53

79.21

0.47

216.45

95.00



740-486-08

195

94.20

102.82

4.50

2.76

2.76

C

812

740-486-09

129

97.93

112.78

8.34

6.02

6.02

C

819

740-486-10

112

88.32

94.98

4.09

2.53

2.53

C

802

740-486-11

180

106.57

112.50

3.29

5.35

5.35

C

809

740-486-12

168

126.95

135.30

3.71

1.02

1.02

C

837

740-486-13

174

115.35

126.55

4.81

2.64

2.64

C

838

740-486-14

156

106.00

117.75

6.01

4.08

4.08

C

824

 

TABLE 3

NEAR MINE

(Main Zone - Lower than 845 LEVEL)

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

620-517-41

462

399.26

410.40

3.96

40.29

12.60

C

984

including


402.95

404.00

0.37

385.04

91.25



620-517-42

441

372.09

380.13

3.36

12.47

12.47

C

948

including


374.09

375.83

0.73

31.15

31.15



620-517-43

420

307.86

332.34

10.87

48.11

35.21

C

893

including


309.98

316.96

3.10

66.86

46.68



including


324.22

332.34

3.61

79.75

58.20



620-517-44

420

313.74

349.42

16.46

37.03

16.12

C

902

including


313.74

317.60

1.78

223.98

65.13



including


337.55

341.95

2.03

75.01

44.81



620-517-45

411

295.00

300.00

2.16

-

-

Dyke out

874

760-502-03

210

143.90

148.55

3.08

2.38

2.38

C

859

 


TABLE 4

NEAR MINE

(EXTENSION 1)

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

620-524-22

261

206.00

209.53

2.42

0.87

0.87

C

758

620-524-23

285

245.48

249.50

2.39

0.29

0.29

C

797

620-524-24

291

235.64

241.16

3.16

11.50

9.42

C

801

620-524-25

336

280.43

290.63

5.02

2.07

2.07

C

852

620-524-26

335

269.48

277.63

4.10

7.90

5.91

C

833

620-524-27

405

339.71

349.50

4.44

57.71

29.15

C

911

including


341.50

346.00

2.04

117.88

55.76



including


342.52

344.60

0.94

229.41

95.00



620-524-28

330

257.92

266.00

4.30

23.64

15.56

C

819

including


259.72

262.97

1.73

57.21

37.13



including


260.23

260.64

0.22

254.20

95.00



620-524-29

501

388.54

394.58

2.25

0.79

0.79

C

947

620-524-34

300

223.41

226.75

2.09

0.32

0.32

C

782

620-524-35

330

244.88

252.00

3.83

8.12

8.12

C

816

620-524-36

387

268.90

286.40

8.49

6.09

6.09

C

849

620-524-37

330

254.90

260.70

3.10

13.65

13.65

C

821

620-538-01

186

145.70

148.22

2.52

5.98

5.98

C

601

620-538-05

231

194.77

197.45

2.37

0.12

0.12

C

686

 

TABLE 5

NEAR MINE

(EXTENSION 2)

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

620-543-33

210

185.00

187.50

2.17

0.13

0.13

E1E

690

620-543-37

295

259.96

265.00

3.37

0.61

0.61

E1E

776

620-543-38

177

140.42

142.82

2.37

20.56

20.21

E1E

618

including


142.22

142.82

0.59

71.32

69.89



620-543-40

240

207.50

210.20

2.22

4.35

4.35

E1E

701

620-543-41

222

196.91

199.42

2.16

3.35

3.35

E1E

687

620-543-43

360

270.62

280.10

5.43

10.65

10.65

E1E

823

620-543-44

402

303.60

325.60

11.34

2.84

2.84

E1E

868

620-543-45

333

245.00

251.90

4.18

0.73

0.73

E1E

792

620-543-46

360

283.70

290.80

3.79

5.12

5.12

E1E

834

620-543-47

390

304.61

309.73

2.59

10.85

10.85

E1E

859

620-543-48

141

107.16

110.17

2.73

0.30

0.30

E1E

558

620-543-49

138

105.40

109.20

3.42

3.41

3.41

E1E

559

620-543-50

135

111.50

115.00

3.06

0.01

0.01

E1E

557

620-543-51

141

118.76

122.76

3.84

0.72

0.72

E1E

580

620-543-52

198

173.00

176.15

2.90

3.99

3.99

E1E

662

620-543-53

157

132.79

135.17

2.36

8.34

8.34

E1E

605

620-543-54

159

124.50

127.35

2.78

1.71

1.71

E1E

582

620-545-01

171

141.00

144.00

2.91

0.12

0.12

E1E

583

620-545-02

186

162.28

164.95

2.63

3.60

3.60

E1E

603

620-548-01

147

126.27

129.79

3.31

5.31

5.31

E1E

559

620-548-02

147

127.70

130.15

2.27

8.93

8.93

E1E

557

620-548-03

150

130.07

133.58

3.13

6.13

6.13

E1E

554

 


TABLE 6

DEEP DRILLING AND LATERAL EAST DEEP DRILLING

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

GD-586-01

975

780.23

785.20

3.56

4.02

4.02

E1E

658

GD-586-02A

960

840.70

844.00

2.06

10.41

10.41

E1E

744

GD-590-06A

897

749.02

757.00

4.94

2.09

2.09

E1E

674

GD-590-07

963

779.00

781.65

1.56

1.97

1.97

E1E

716

GD-586-03C

1,000

745.75

747.35

1.18

1.38

1.38

E1E

607

 

TABLE 7

DEEP DRILLING PROGRAM

Hole Number

Length
(metres)

From
(metres)

To
(metres)

True
Width
(metres)

Uncut
Grade
(g/t Au)

Cut
Grade
(g/t Au)

Zone

Vertical depth
of Intersection
(metres)

MH1-8

1,671

1,526.35

1,531.50

1.77

4.86

4.86

E1E

1,434

MH1-9A

1,619

1,258.43

1,259.68

0.82

33.84

26.56

X

1,132

MH1-9A

1,619

1,408.35

1,408.90

0.36

22.53

22.53

C

1,256

including


1,258.43

1,258.77

0.22

121.75

95.00



MH2A-4

1,457

1,210.49

1,216.32

4.12

4.91

4.91

X

1,074

MH2A-4

1,457

1,331.70

1,340.65

6.38

5.66

5.66

E1E

1,172

MH2A-5A

1,544

1,368.50

1,372.00

2.29

14.99

14.99

E1E

1,234

MH2A-6

1,433

1,305.00

1,310.67

4.39

6.46

6.46

E1E

1,141

MH3-7

1,607

1,384.80

1,404.40

5.60

10.25

8.41

E1E

1,278

including


1,384.85

1,385.85

0.29

88.37

82.35



including


1,399.50

1,400.00

0.14

154.80

95.00



MH3-8

1,646

1,423.17

1,424.15

0.37

1.10

1.10

E1E

1,314

MH4

1,500

1,059.77

1,069.56

7.42

1.36

1.36

X

895

MH4-2

1,624

1,084.37

1,093.61

6.61

1.69

1.69

X

932

including


1,086.40

1,089.90

2.50

3.80

3.80

X

936

MH4-2

1,624

1,143.13

1,147.77

3.32

5.14

5.14

X

979

MH4-3A

1,550

1,106.90

1,113.82

4.81

17.77

17.77

X

951

including


1,108.34

1,109.96

1.13

65.26

65.26



MH5

1,500

1,105.50

1,108.85

2.54

3.89

3.89

X

967

MH5

1,500

1,172.80

1,175.20

1.82

1.73

1.73

X

1,021

MH5

1,500

1,304.35

1,308.20

2.92

3.48

3.48

X

1,128

MH5

1,500

1,313.35

1,316.30

2.23

7.11

7.11

G1

1,135

including


1,314.00

1,314.30

0.23

55.17

55.17



 

SOURCE Richmont Mines

PDF available at: http://stream1.newswire.ca/media/2016/10/12/20161012_C4443_PDF_EN_793868.pdf

For further information: Renaud Adams, President and CEO, Phone: 416 368-0291 ext. 101; Anne Day, Vice-President, Investor Relations, Phone: 416 368-0291 ext. 105

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