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Richmont Mines Inc. (Amex:RIC), announced resource estimates for its Monique project (the "Property"), located near Val-d'Or, Quebec. Highlights: Indicated open pit resources of 728,164 tonnes grading 2.35 g/t Au for 55,112 ounces of gold; Permit application for a small open pit operation on the Property submitted in November 2011; A 1,700 metre surface drilling program began in early December 2011.

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