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RNC Minerals
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Higginsville | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-5-2020: RNC Minerals announces an Exploration/Drilling Update report for its Higginsville deposit at the Beta Hunt Mine project. Drilling results incl. 17m @ 5.4g/t Au from 67m. TORONTO, May 19, 2020 - RNC Minerals (TSX: RNX) ("RNC" or the “Company") i | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Devlin (Internal) | |
| ABSTRACT: | TORONTO, May 19, 2020 - RNC Minerals (TSX: RNX) ("RNC" or the “Company") is pleased to announce positive results from ongoing drilling at Higginsville and a further update of our review of historical drill records. As part of the Company’s open pit pipeline development strategy, drilling is now underway at the Jupiter project to be followed by Mitchell, two of the Company’s paleochannel deposit targets. Paul Huet CEO and Executive Chairman RNC said, “Following the announcement of the elimination the Morgan Stanley NSR royalties last week (see RNC news release dated May 11, 2020), we are excited to be seeing further strong examples of the potential at Higginsville. Not only are we seeing further potential additions to open pit resources, but our ongoing technical review of the historical database has revealed another excellent high-grade target for us to pursue at the Jupiter project. At Jupiter, the presence of historical drilling grades in excess of 230 g/t over two metres at relatively shallow depths (approximately 60 metres from the surface) highlights the tremendous upside potential at Higginsville. | |
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