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Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Baloo North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-10-2019: Royal Nickel Corp. announces an Exploration/Drilling Update report for its Baloo North deposit at the Beta Hunt Mine project. Drilling results incl. 3m @ 8.7g/t Au from 63m. TORONTO, October15, 2019 - RNC Minerals (TSX: RNX) ("RNC" or the “Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Devlin (Internal) | |
| ABSTRACT: | TORONTO, October15, 2019 - RNC Minerals (TSX: RNX) ("RNC" or the “Company") is pleased to announce that for the six month period ending December 31, 2019, management is targeting production of between 42,000 to 49,000 ounces of gold at an average all-in-sustaining-cost (AISC)3 of US$1,150 to US$1,250 per ounce. Paul Andre Huet, Chairman & CEO, commented: “This is the first time, since completion of the Beta Hunt drilling campaign and acquisition of Higginsville Gold Operations (“HGO”) mine and mill, that the Company has provided production and cost guidance, demonstrating our commitment to keeping 2 shareholders informed and more clearly able to measure our performance. As we have previously communicated, our focus moving forward remains on delivering on our production guidance, while continuing to reduce costs through all levels of our business. Third quarter 2019 production of 24,216 ounces is an excellent result for RNC’s first full quarter of production since acquiring the Higginsville Gold Operation (HGO). We look forward to continuing the momentum into the fourth quarter and building on what has already been a great start. At Baloo, we are encouraged by ongoing exploration results to the north and additional results to the east of the current pit, both of which have the potential to extend the current open pit”. | |
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