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Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | A Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-1-2017: Royal Nickel Corp. announces an Exploration/Drilling Update report for its A Zone deposit at the Beta Hunt Mine project. Drilling results incl. 4.45m @ 7.31g/t Au from 81.00m. Toronto, Ontario, January 18, 2017 – RNC Minerals (TSX: RNX) (“RNC”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: S Devlin, Alger St-Jean (Salt Lake Mining Pty Ltd.;Internal) | |
| ABSTRACT: | Toronto, Ontario, January 18, 2017 – RNC Minerals (TSX: RNX) (“RNC”) is pleased to announce the discovery at its Beta Hunt Mine in Western Australia of a significant extension of the A Zone gold structure and a re-design of the mining approach for the Western Flanks to larger and more productive bulk mining based on new data showing greater continuity of grade between previously interpreted vein structures. “We will achieve a key milestone this month with the first large Western Flanks stope beginning production this month enabling us to achieve the previously announced 60,000 ounce annualized run rate gold production during Q1 and production of 65-70,000 ounces of gold at Beta Hunt in 2017. The development of this first much larger 20 m wide stope is also leading to a re-interpretation of Western Flanks mineralization as being more continuous and amenable to much larger bulk stopes, rather than those previously planned on the multiple narrower 3-10 metre wide veins. This re-interpretation has the potential to increase the Western Flanks resource and decrease development and production costs. Beta Hunt’s tremendous resource potential is further underscored by the high grade A Zone drilling results that extend its strike length by more than 40%. More importantly, this southern-most extension of the A Zone has the potential to become another important production area in the near-term as it lies within 35 metres of existing infrastructure and is above the current development level of the Western Flanks decline.” said Mark Selby, President and CEO of RNC. | |
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