Richmont Mines Up 15% After New Assay Results Further Support Wasamac Gold Project
Richmont Mines Inc. (RIC.TO) is set to finish the day up more than 15%, gaining $1.41 to reach $10.68 a share after saying assay results from its Wasamac property in Quebec includes 7.28 grams gold per ton over 31.40 metres in the Main zone and 3.14 grams per ton over 9.99 metres and 3.45 grams gold per ton over 7.66 metres in Zone 1.
An updated resource calculation is due out in Q4 and will be used to complete a preliminary economic assessment of the Wasamac project early next year. Richmont is also drilling on an adjacent property optioned from Globex Mining Enterprises Inc. in May.
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