Richmond Minerals Signs MOU With Bruinswick House, Flying Post & Chapleau Cree First Nation Communities
Release by Richmond Minerals Inc.
CHAPLEAU, ON – Richmond Minerals Inc. is pleased to announce that it has signed a memorandum of understanding with Brunswick House, Flying Post and Chapleau Cree First Nation communities regarding the Company’s Swayze Gold Project located in Raney and Rollo Townships, near Borden Lake, Chapleau, Ontario.
The MOU sets out the parameters upon which a relationship based on mutual respect and cooperation with the First Nations communities is to be built. Richmond will be working with the communities and receiving their input as the Company advances the Swayze Gold Project. The communities’ contribution of local knowledge will be invaluable in helping Richmond create a socially responsible exploration program. Additionally the three communities will have an opportunity to participate in the benefits of the project through training, ongoing communication and business development.
Brunswick House First Nation Chief Kevin Tangie commented “Brunswick House is pleased and eager to work with our new partners. These partnerships are key for all regions and will benefit the many families and businesses throughout Miigwech.”
Specifically this MOU applies to those Swayze Gold Project claims in which Richmond owns a 100% interest (119 mining claims), and has a grandfathering provision for the claims in which Richmond owns a 50% interest (35 mining claims). Richmond has also agreed to negotiate an impact benefit agreement with the communities should the Swayze Gold Project proceed to production. The Company has just applied for an Exploration Permit from the Ministry of Northern Development and Mines for its 100% owned mining claims allowing for diamond drilling in excess of 20 pads.
Regarding Richmond’s previous news release, the appellants have failed to file a notice of motion to have a panel review and set aside the order for dismissal of the appeal (of the Judgement announced on February 3, 2014 in favour of the Company) on or before the February 24, 2015 deadline. Consequently Richmond is now applying to the Provincial Mining Recorders Office to have the Certificates of Pending Proceedings and Certificates of Interest registered by the appellant against title to 150 of the Swayze Gold Project Mining Claims discharged from title to those Mining Claims.
Warren Hawkins, P.Eng, a “Qualified Person”, within the meaning of Nation Instrument 43-101- Standards of Disclosure for Minerals Projects, has reviewed and approved the scientific and technical information contained in this news release. Mr. Hawkins is not considered to be “independent” of the Corporation (as defined in National Instrument 43-101), as he currently holds securities of the Corporation.
Richmond Minerals Inc. (“Richmond”) is a mineral exploration company that currently has 31,629,044 shares outstanding and is listed on the Toronto Venture Stock Exchange (TSX-V: RMD). Richmond has been actively engaged since the early 1980’s in exploration projects located throughout the provinces of Quebec and Ontario, Canada.
Richmond’s exploration focus has targeted gold, base metal and rare earth elements occurrences within the Canadian Archean greenstone belts. The methodology for target generation includes investigations of the geology via mapping, geophysics and conducting geochemical or intensive geophysical testing of the surface and subsurface geology, and diamond drilling.
