Beaufor Mine

Size 5.91 km² (591 hectares) Location 25 km northeast of Val d'Or, Quebec Ownership 100% Ore processed 100%-owned Camflo Mill, 50 km away Mine type underground, using long-hole and room and pillar Historical production Over 500,000 Au oz since 1996 Over 1,000,000 Au oz over its mine life Drilling campaigns 45,000 metres in 2009 25,000 - 30,000 metres planned in 2010 Technical report Click here to view the 43-101 report (in French only).

Photos from the Beaufor Mine infrastructure

Reserves and Resources (as of December 31, 2009)

	Tonnes (metric)	Au (g/t)	Au Ounces
Proven and Probable Reserves	165,761	8.38	44,637
Measured and Indicated Resources	822,128	6.48	171,372
Inferred Resources	919,214	6.74	199,256

Brief history:

Intermittent exploration fieldwork has been conducted on the Beaufor property since the 1930s. Following an initial development period, commercial production started in January 1996. In the spring of 2001, Richmont Mines bought 50% of the mining rights of the Perron, Beaufor, Pascalis, Colombière and Courvan properties for CAN $1.8 million. In September 2001, Richmont Mines undertook construction work to secure the crown pillar, and in January 2002, resumed commercial production at the mine jointly with Louvem Mines. The Beaufor Mine has produced gold on an annual basis since then. On June 30, 2010, Richmont became the 100% owner of the Beaufor property, following the Company’s acquisition of the outstanding 30% of Louvem shares not previously owned by Richmont.

Geological characteristics:

Gold-bearing veins at the Beaufor Mine consist of quartz-tourmaline-pyrite veins, typical of Archean epigenetic lode gold deposits, that cross-cut the Bourlamaque Batholith. Mafic dykes that predate the mineralization are associated with shear-hosted gold-bearing veins. Shallow dipping extensional gold-bearing veins are commonly observed at the Beaufor Mine. Shear zones striking N070° and dipping steeply to the southwest, control the opening and gold enrichment of veins.

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