Tuesday, 21st November 2006 (2258 views)

Richmont Mines and Patricia Mining have declared that the first gold pour at the Island Gold project has taken place during its underground exploration work.

Last September, provisions were made for gold production at the property as a CIP mill came into operation so that an estimated 30,000 tonnes of mineralised material can be processed.

One gold Dore bar weighing in at 530 ounces came from the first gold pour and has subsequently been sent to the Royal Canadian Mint so that it can be refined and the gold content can be determined.

Chris Chadder, president and CEO of Patricia Mining, commented: "I am very pleased with the culmination of efforts by the Patricia team and the development to date by Richmont which has lead to this first Gold pour."

The companies have announced that a second pour is predicted to take place later this week and the target is to get the Island Gold project geared towards commercial production.

Last year, Richmont Mines invested over $12 million (£6.3 million) in the Island Gold project.

 

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