Richmond and Fort Chimo Sign MOU with Long Point First Nation
Phase I Exploration of Nickel Project Set to Begin
Details of the MOU require the JV partners to provide contract work to
The Halle Township Project is located in the Grenville Front, which is a well-known and highly potential area for new mineral discoveries. As described in Richmond's previous news releases, two strongly magnetic and highly conductive Fugro GEOTEM airborne anomalies were identified on the Halle property. Anomaly 1, located along the central eastern property boundary is approximately 1.3 kilometers in length. Anomaly 2, located in the north central portion of the property, is approximately 4.5 kilometers in length. Grab samples collected from surface along the axis of anomaly 2 returned values as high as 1.4 % nickel, 0.07% copper, 282 ppm cobalt, and 0.22% chromium. Given the elevated base metal values near the anomaly source,
We seek safe harbor. 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. Neither Richmond or Fort Chimo 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.
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For further information: Birks Bovaird, President or Warren Hawkins, Exploration Manager, Telephone: (416) 603-2114, Facsimile: (416) 603-8436; James M. Brady, Fort Chimo Minerals Inc., President, Telephone: (416) 361-2832, Facsimile: (416) 423-9325
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