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Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | A Zone, Western Flanks | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-2-2019: Royal Nickel Corp. announces an Exploration/Drilling Update report for its A Zone, Western Flanks deposit at the Beta Hunt Mine project. Drilling results incl. 4.87m @ 395.90g/t Au from 47m. Toronto, Ontario, February 25, 2019 – RNC Minerals (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alger St-Jean, Steve Devlin (Internal) | |
| ABSTRACT: | Toronto, Ontario, February 25, 2019 – RNC Minerals (TSX: RNX) (RNC) is pleased to announce ongoing underground drill results and fourth quarter production results from its 100% owned Beta Hunt Mine. To date, 168 holes have been completed under this drilling campaign, totaling 16,669 metres. Since RNC’s January 22 release, assay results have been received for an additional 29 holes, totaling 2,765 metres. The latest drill results at A Zone target both the sediment layer in close proximity to the Father’s Day Vein discovery and the southern extension of the resource above the sediment layer. At Western Flanks, drilling continued to define the northern extension of mineralization outside the existing resource, while also tracing the sediment layer. In addition to results presented to date, 93 holes totaling 8,139 metres have been drilled for which results are pending. Mark Selby, President and CEO of RNC, commented “The ongoing drill program continues to be successful, delivering on multiple objectives as we work to unlock the tremendous exploration potential at Beta Hunt. The 2,210 g/t intersection within 8 metres of our previously announced record intersection in Western Flanks is further confirmation of the potential of the intersection between the mineralized shears and the property-wide Lunnon sediment layer for further high grade coarse gold discoveries. Drilling in the A Zone continues to extend the resource, with multiple intersections exceeding 4 g/t, including two intersections in excess of 6 g/t and 5.5 metres at the margins of the existing resource. At Western Flanks, multiple wide intersections highlight the scale potential of this shear while containing significant 4 to 6 g/t intervals. We will continue to provide regular updates as this 40,000 metre exploration program advances. | |
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