Richmont Mines (RIC +3.9%) says it added new high grade inferred mineral resources of 508K gold...

|About: Richmont Mines, Inc (RIC)|By:, SA News Editor

Richmont Mines (RIC +3.9%) says it added new high grade inferred mineral resources of 508K gold oz. at 10.73 g/t at Island gold mine in Ontario. Preliminary metallurgical testing on representative samples shows a 96% recovery rate. RIC will invest an initial $35M to advance the project in 2013.