Richmont Mines Inc. - Operations - Exploration - Other Exploration Properties

Camflo Northwest, Quebec

The 4.53 km² (453.5 hectares) Camflo Northwest property is located 5 km east of Malartic, Quebec. The first reported exploration work on this property dates from 1926, and a lot of drilling has been completed on the property by several companies over the years. Richmont acquired 50% of the property from SOQUEM in 2003, and acquired an additional 30% interest in 2007. Richmont now owns 80% of the Camflo North West property, which is located in the southern part of the Abitibi greenstone belt. The property is between the past-producing Camflo Mine (1.7 million ounces) and the Black Cliff deposit, approximately 2 km north of the Larder Lake Cadillac fault.

The Chimo Group, Quebec

The Chimo Group is made up of 4 properties, covering a total of 20.29 km² (2,029 hectares), located 40 km east of Val-d’Or, Quebec. Historically, most of the exploration work in the area was focused on the Chimo Mine, which produced 1.5 million tonnes at 6.5 g/t Au, and its lateral extensions. The properties are located in the eastern part of the prolific Abitibi greenstone belt, south of the interpreted eastern extension of the famous Cadillac Larder Lake Fault Zone, and surround the former Chimo Gold Mine.

Louvem 117, Quebec

The 2.5 km² (249.6 hectares) Louvem 117 property is located 12 km east of Val-d’Or, Quebec, in the southern part of the Bourlamaque Batholith which is the host of Beaufor, Ferderber, Dumont and Lac Herbin gold deposits. The property was acquired by Louvem in 1994 as a result of a 1976 agreement between it and Manitou-Barvue Mines Limited. Richmont became the 100% owner of the property in 2010, when it acquired the outstanding 30% of Louvem shares that it did not previously own. The claims associated with this property are located just to the west of the old Wrightbar Gold Mine.

Cripple Creek, Ontario

The Cripple Creek property is 6.94 km² (694 hectares), and was acquired by Richmont in 2002. It is located 35 km southwest of Timmins, Ontario, 5 km from the Timmins West Deposit, and is adjacent to the Rusk Gold Zone, the 144 Syenite Discovery Zone and the Golden River Trend. Mafic and ultramafic volcanics cover the main part of the property, and sediments cover the south. The property is bordered by the Destor-Porcupine fault to the south and the Bristol fault to the north. The North-East/South-West structure, which extends through the middle of the property, encompasses the Timmins West Deposit, the Rusk/Porphyry Gold Zones and the 144 Syenite Discovery Zone.

Sewell, Ontario

The 2.7 km² (270 hectares) Sewell property was acquired by Richmont in 2002. It is located in the Northern Swayze greenstone belt, part of the archean Abitibi subprovince, which is a Neoarchean granitoide-greenstone terrane. Mineralization on the property is associated with a WSW shear zone, which affects gabbroic to syenitic intrusive rocks with some metavolcanics. Gold has been found inside the shear zone in quartz carbonate veins with coarse pyrite and some chalcopyrite. The shear zone includes chlorite and carbonate alteration with some disseminated pyrite. This property hosts a high-grade vein system which has yielded 19.2 g/t Au over 2.4 metres, and 9.6 g/t Au over 2.1 metres during previous drilling.