Risk and valuation analysis of the Island Gold Project |
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Title(s) of the Island Gold Project |
| Richmont Mines Inc Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Richmont Mines, the mine operator, holds a 100% interest in the property. |
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Location of the Island Gold Project |
This mine is located near Dubreuilville, 83 km north-east of Wawa in Ontario.
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History of the Island Gold Project |
The initial reserve calculation published in May 2007 estimates gold production of more than four years.
Exploration work continues and significant results confirmed a strong gold discovery and mineral reserve and resource increase potential.
The Island Gold Mine was brought into commercial production on October 1st, 2007.
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Geology of the Island Gold Project |
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In 1985, drilling approximately two kilometres south of the Kremzar mine intersected a series of sub-parallel lenses containing gold mineralization within deformed rocks of the Goudreau Lake Deformation Zone (gldz). These lenses are known as the Lochalsh, Island Gold, Shore, and Goudreau Lake Zones
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