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Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Beta Hunt Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-4-2018: Royal Nickel Corp. announces a Resource Estimation report for its Beta Hunt Mine deposit at the Beta Hunt Mine project. Updated mineral resource estimate at the Beta Hunt mine. Toronto, Ontario, April 26, 2018 – RNC Minerals (TSX: RNX) (“RNC”) | |
| Resources: | (Resource): 2.353Mt @ 3.2g/t Au (Ind.) and 2.040Mt @ 3.2g/t Au (Inf.) | |
| CP/QP: | [Resources]: John Vinar (Salt Lake Mining Pty Ltd.) | |
| ABSTRACT: | Toronto, Ontario, April 26, 2018 – RNC Minerals (TSX: RNX) (“RNC”) is pleased to announce an updated mineral resource estimate as at December 31, 2017 for its Beta Hunt Gold Mine in Western Australia. “The Beta Hunt team achieved our objectives of improving the grade reliability of our resources and successfully increasing resources net of depletion. Our deeper exploration drilling has indicated improving grades with depth, which should improve overall mineral resource grade in future updates.” said Mark Selby, President and CEO of RNC. The Indicated Mineral Resources at the Beta Hunt Mine increased compared to the prior estimate described in the Beta Mine PEA dated March 4, 2016 due to infill and exploration diamond drilling completed during this period. Inferred Mineral Resources decreased at Beta Hunt primarily as a result of mining depletion and reclassification to the Indicated Resources category as a result of infill drilling. | |
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