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Island Gold Project
Island Gold
Country
Canada
Province
Ontario
Close to
Dubreuilville
Status
PRODUCTION
Latitude / Longitude
48 N 18 / 84 W 26
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Risk and valuation analysis of the Island Gold Project
Status Risk : Production
Country Risk : Very Low
Resource Risk : 51.00%
In situ value
667,486,178 $
Title(s) of the Island Gold Project
Richmont Mines Inc
Owner: 100%
Title
Company Profile
All Projects
Company website
Company project page
Richmont Mines, the mine operator, holds a 100% interest in the property.
Location of the Island Gold Project
This mine is located near Dubreuilville, 83 km north-east of Wawa in Ontario.
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.
Geology of the Island Gold Project
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
Reserves and resources of the Island Gold Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
354,698
6.48
73 897
Probable
463,368
5.86
87 300
Proven and Probable
818,066
6.13
161 197
Measured
6,621
4.52
962
Indicated
789,854
7.39
187 665
Mesured and Indicated
796,475
7.37
188 627
Inferred
604,729
7.14
138 819
Total
2 219 270
488 643
Definitions
Reserves and resources of the Island Gold Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
488 643
73 897
87 300
161 197
962
187 665
188 627
138 819
oz
635 514 274 US$
Production history
Metal
2010
2009
2008
2007
GOLD (oz)
45,865
38,879
38,037
7,348
Exploration and drilling
1/21/2011
(Richmont Mines)
2010 Gold Sales Increase 14%; Company Provides 2011 Producti...
12/6/2006
(Richmont Mines)
Le rapport technique du projet Island Gold déposé sur SEDAR
11/20/2006
(Richmont Mines)
First Gold Pour at the Island Gold Project
9/8/2006
(Richmont Mines)
and Patricia Mining Announce the Mill Start Up at the Island...
Discoveries and Drilling Results
9/27/2006
(Patricia Mining)
Announces Surface Exploration Drill Results
1/12/2006
(Richmont Mines)
Patricia Mining Corp. and Richmont Mines Inc.Reports on the ...
Location
Data last updated on : 12/31/2010
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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