Richmond Minerals Inc. Properties

In February 2010, Richmond announced the execution of a letter agreement with Mag Copper Inc. (formerly Fort Chimo Minerals Inc.) whereby the Company has earned a 50% undivided right, title and interest in the Bondy Gneiss Complex (Bondy), located in the Mont Laurier region of Quebec. The exploration targets at Bondy are iron oxide copper gold deposits (IOCG’s) and base metal deposits.

Bondy Gneiss Complex Project

The Institut National de la Recherche Scientifique –Université du Québec (INRS), through a contractual agreement with Richmond, has undertaken geophysical, geological and geochemical studies on Bondy, located approximately 35 kilometers southeast of Mont Laurier, Québec. Applied research in 2007 and 2008 was focused primarily on determining the prospectivity and the characteristics of IOCG and/or Volcanogenic Massive Sulphide (VMS) style mineralization . Preliminary results are extremely promising:

• Application of specialized processing techniques to regional gravity data has shown that there is a clear association between regional crustal structures and recently identified mineral showings in the Bondy Gneiss Complex. In particular, the most promising of these regional associations is referred to as the Bing showing, and occurs at the intersection of two such crustal structures. The Bing showing occurs within a high aeromagnetic and a low aeromagnetic domain traced for a distance of 800 meters. Several outcrops with mineralization similar to the Bing have been found along the length of this magnetic domain. Specifically, the Bing showing mineralization consists of blebs, veins and disseminated chalcopyrite, malachite, pyrite, and magnetite in a coarse-grained clinopyroxene rich calcosilicate rock. Copper values up to 2.8% have been obtained from grab samples. Recent stripping and blasting has determined the Bing showing to be approximately 15 meters long and 15 meters wide... [ learn more ]