Richmont Mines to Terminate Joint Venture Option at Golden Wonder Mine

Richmont Mines Inc. (TSX: RIC)(NYSE-A: RIC) a gold exploration, development and production company with operations in North America, today announced that it has completed diamond drilling activities from drill station # 5 at the past-producing Golden Wonder Mine near Lake City, Colorado. A total of 16 holes were completed by Richmont Mines in 2008 for a total of 2,037 metres of drilling. Most of the drilling was targeted at confirming the depth extension of the previously mined-out area which was Richmont's main exploration target. Only limited exploration was conducted in other areas of the mine. Drilling results are presented in Appendix I below and a longitudinal plan of the drilling is presented as Appendix II.

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- Posted: 2008-10-23 09:25:35

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