For thousands of other reports visit RSC's Mineral Intellingence Map
Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Baloo, Fairplay North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-1-2020: Royal Nickel Corp. announces an Exploration/Drilling Update report for its Baloo, Fairplay North deposit at the Beta Hunt Mine project. Drilling results incl. 16.0m @ 16.48g/t Au from 26.0m. TORONTO, January 23, 2020 - RNC Minerals (TSX: RNX) ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Devlin (Internal) | |
| ABSTRACT: | TORONTO, January 23, 2020 - RNC Minerals (TSX: RNX) ("RNC" or the “Company") is pleased to announce that for the full year 2020, management is targeting consolidated production of between 2 90,000 to 95,000 ounces of gold at an average all-in-sustaining-cost (AISC)1 of US$1,050 to US$1,200 per ounce. It is important to note that the production and cost guidance does not include contributions from any potential high-grade coarse gold occurrences encountered from time to time at the Beta Hunt Mine. Based on management’s current interpretation of the Beta Hunt shear zone / Lunnon Sediment intersection horizons, further coarse gold is expected to be produced from mining operations over the course of 2020, representing potential upside to the 2020 production and cost guidance estimates. The 2020 guidance does take into account the relatively minor disruptions caused be wild fires earlier this month as previously discussed in RNC’s news release dated January 8, 2020. Consolidated HGO and Beta Hunt exploration expenditures for the full year 2020 are targeted to be from A$9.5 to $10 million. Exploration expenditures are expected to prioritize areas at Higginsville (HGO properties) given the recent renegotiation of royalties (see RNC news release dated December 19, 2019) which has now unlocked significant high-value portions of the property that were previously not explored. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report