Richmond Minerals Inc (RMD)

[db7]

this was never posted here and is important.. our jv partner vendome pr'd it BUT didn't put our symbol in the release


Update Report on Guibord Property

Toronto, Ontario CANADA, May 19, 2011 /FSC/ - Vendome Resources Corp. (TSX - VX: VDR), and Richmond Minerals Inc. ("Richmond") are pleased to announce that assay results have been received for the exploration work at the Guibord Property (the "Property") in Guibord Township, Larder Lake Mining Division, Ontario. Vendome has an agreement with Richmond whereby it can earn a 51% interest in the Property by incurring $250,000 in exploration expenditures before April of 2012 and issuing to Richmond 600,000 common shares of the Corporation. To date, the Corporation has issued the 600,000 common shares and has incurred over $100,000

The exploration work consisted of an initial 1,200-meter program diamond drill program in three holes within the Property's northern most claim unit (claim no. 1200195). All grid co-ordinates are below are in meters.

Hole VDR-11-01 was collared at grid co-ordinate 5+75E, 16+00E and drilled at an azimuth of 0 degrees with an inclination of -50 degrees to a depth of 299.15 m. This hole was spotted to test an east-west striking induced polarization anomaly near the north central property boundary. Significant results include 20.43 g/tonne silver over 0.79 m from 200.84 m to 201.63 m down hole; 77.01 g/tonne silver from 259.68 to 260.49 m down hole; and 18.65 /tonne silver over 1.25 m from 264 m to 265.25 m down hole. Anomalous values for gold were also obtained in several intervals.

Hole VDR-11-02 was collared at grid co-ordinate 17+75 E, 5+25 N and drilled at an azimuth of 45 degrees with an inclination of -50 degrees to a depth of 431 m. This hole was spotted to test for an extension to a westward striking shear zone extending from the neighbouring Fenn-Gibb Project, and to test a gold in till geochemical anomaly identified along the north-south property boundary between the Highway 101 Property and Fenn-Gibb Project. Significant results include 41.83 gram/tonne silver over 0.95 m from 81.48 m to 82.54 m down hole; 17.97 g/tonne silver over 1.06 m from 81.48 m to 82.54 m down hole; 0.62 g/tonne gold over 2.7 m from 248.5 m to 249.3 m down hole; and 1.5 g/tonne gold and 9.77 g/tonne silver over 5 m from 341 m to 346 m down hole.

Hole VDR-11-03 was collared at grid co-ordinate 17+75 E, 5+65 N and drilled at an azimuth of 45 degrees with an inclination of -50 degrees to a depth of 449 m. This hole was spotted to test for eastern strike extensions of the zones identified in the second hole. Significant intersections include 0.60 g/tonne gold over 6.84 m from 305.63 m to 312.47 m down hole with a hi-light of 2.66 g/tonne over 1.35 m; 1.38 g/tonne gold and 5.39 g/tonne silver over 1.93 m from 363.90m to 365.83 m down hole; 1.02 g/tonne gold and 4.25 g/tonne silver over 7.02 m from 387.78m to 394.80m down hole including a hi-light of 2.47 g/tonne gold and 10.22 g/tonne silver over 1.35m; and 1.18 g/tonne gold over 6 m from 415.62 m to 421.62 m down hole. This hole ended in gold mineralization at the property boundary with the neighboring Fenn-Gibb project.The true widths of all reported intersections are unknown at this time.

The Property is located in the Abitibi Greenstone belt, which hosts the Porcupine and Kirkland Lake mining camps. The Property lies approximately 80 kilometres east of the City of Timmins Ontario. It is approximately 1,280 acres (518 hectares) in size and consists of 32 unpatented mining claim units in the northwest quarter of Guibord Township. Historical exploration work within Guibord Township has determined that potentially significant economic gold occurrences are sometimes associated with north-northeast and northwest striking brittle and ductile faults in the district. These faults are known to occur on the Property and will be the primary targets for the upcoming exploration work. Specifically hi-lights of previous drilling in the central area of the Property (claim no. 1200197) southwest of the Fenn-Gibb project include 2.93 /tonne gold over 17.9 m in hole C4-3, and 1.21 /tonne gold over 16.2 m in hole C4-5.

The Fenn-Gibb gold project adjoins the Property immediately to the east of claim no. 1200195 and north of claim no. 1200197. On May 5, 2011 Lake Shore Gold announced the issuance of 14.9 million of its common shares for the acquisition of the Fenn-Gibb Project, including 14.4 million common shares to Barrick Gold. Lake Shore reported that it is targeting an initial National Instrument 43-101 resource of at least 2 to 3 million ounces at Fenn-Gibb. The north boundary of the east claim of the Highway 101 property (claim no. 1200197) lies approximately 400 m south of the mineralized envelopment of the Fenn-Gibb project for a strike length of 450 meters. The eastern half of this claim remains largely unexplored.


Qualified Person

Warren Hawkins, P.Eng in his capacity as "Qualified Person", within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information contained in this news release.