Toronto (ots/PRNewswire) - Richmont Mines Inc. (TSX - NYSE: RIC)
("Richmont" or the "Corporation"), announced the filing of a
technical report for the Island Gold Mine with respect to the updated
2016 Reserves and Resources announced on January 31, 2017. The
technical report supports the scientific and technical disclosure in
that press release. The Technical Report is available at
About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine in
Ontario, and the Beaufor Mine in Quebec. The Corporation is also
advancing development of the significant high-grade resource
extension at depth of the Island Gold Mine in Ontario. With 35 years
of experience in gold production, exploration and development, and
prudent financial management, the Corporation is well-positioned to
cost-effectively build its Canadian reserve base and to successfully
enter its next phase of growth.
This news release contains forward-looking statements that include
risks and uncertainties. When used in this news release, the words
"estimate", "project", "anticipate", "expect", "intend", "believe",
"hope", "may", "objective" and similar expressions, as well as
"will", "shall" and other indications of future tense, are intended
to identify forward-looking statements. The forward-looking
statements are based on current expectations and apply only as of the
date on which they were made. Except as may be required by law or
regulation, the Corporation undertakes no obligation and disclaims
any responsibility to publicly update or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise.
The factors that could cause actual results to differ materially from
those indicated in such forward-looking statements include, without
limitation, changes in the prevailing price of gold, the
Canadian-United States exchange rate, grade of ore mined and
unforeseen difficulties in mining operations and mine development
that could affect revenue and production costs and future production.
Other factors such as uncertainties regarding government regulations
could also affect the results. Other risks may be set out in Richmont
Mines' Annual Information Form, Annual Reports and periodic reports.
The forward-looking information contained herein is made as of the
date of this news release.
Cautionary note to US investors concerning resource estimates
Information in this press release is intended to comply with the
requirements of the Toronto Stock Exchange and applicable Canadian
securities legislation, which differ in certain respects with the
rules and regulations promulgated under the United States Securities
Exchange Act of 1934, as amended ("Exchange Act"), as promulgated by
the SEC. The requirements of National Instrument 43-101 - Standards
of Disclosure for Mineral Projects ("NI 43-101") adopted by the
Canadian Securities Administrators differ significantly from the
requirements of the United States Securities and Exchange Commission
U.S. Investors are urged to consider the disclosure in our annual
report on Form 20-F, File No. 001-14598, as filed with the SEC under
the Exchange Act, which may be obtained from us (without cost) or
from the SEC's web site: http://sec.gov/edgar.shtml
National Instrument 43-101
The geological data in this news release has been reviewed by Mr.
Daniel Adam, Geo., Ph.D., Vice-President, Exploration, an employee of
Richmont Mines Inc., and a qualified person as defined by NI 43-101.
Digital press kit: http://www.ots.at/pressemappe/PR119573/aom
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