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Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Beta Hunt Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-1-2019: Royal Nickel Corp. announces an Exploration/Drilling Update report for its Beta Hunt Mine deposit at the Beta Hunt Mine project. Drilling results incl. 2.00m @ 1017.3g/t Au from 44.82m. Toronto, Ontario, January 22, 2019 – RNC Minerals (TSX: RN | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alger St-Jean (Internal) | |
| ABSTRACT: | Toronto, Ontario, January 22, 2019 – RNC Minerals (TSX: RNX) (RNC) is pleased to announce drilling results received to-date from its 100% owned Beta Hunt Mine. The new underground drill results comprise 46 holes totaling 5,766 metres of drilling that was initiated during the fourth quarter of 2018. Drilling was carried out in both the A Zone and Western Flanks areas of the mine, with initial holes focused on more clearly defining the sediment layer in close proximity to the Father’s Day Vein discovery and, for the first time, testing the sediment layer in Western Flanks. A further 37 holes totaling 4,198 metres have been drilled for which results are pending. Mark Selby, President and CEO of RNC, commented “After the historic Father’s Day Vein discovery, we have taken steps to test the theory that the newly identified property-wide sedimentary layer carries the potential for further high grade discoveries in the four main shear zones at Beta Hunt. This potential has been highlighted by one of our first set of holes at Western Flanks targeting the sediment layer in one small section of the shear that yielded a 7,621 g/t intersection of coarse gold - which to our knowledge is the highest grade drill intersection by any reporting company since 2017 and is located within 45 metres of our existing development. The second high-grade intersection located in the A Zone shear just 7 metres below the Father’s Day Vein highlights the potential for further high grade coarse gold from this shear. RNC is in an enviable position with the recently completed financing, and a 40,000 metre drill program underway to unlock the significant exploration potential at Beta Hunt. A more comprehensive drilling update will be provided in February | |
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