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Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Fletcher Shear Zone, Western Flanks | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-7-2016: Royal Nickel Corp. announces an Exploration/Drilling Update report for its Fletcher Shear Zone, Western Flanks deposit at the Beta Hunt Mine project. Drilling results incl. 15.80m @ 2.32g/t Au from 736.50m. Toronto, Ontario, July 6, 2016 – Royal | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: S Devlin, Alger St-Jean (Salt Lake Mining Pty Ltd.;Internal) | |
| ABSTRACT: | Toronto, Ontario, July 6, 2016 – Royal Nickel Corporation (“RNC”) (TSX: RNX) announces the discovery of a significant new gold zone at its Beta Hunt mine in Western Australia. This is the third major gold zone at the mine. The new gold zone has been named the Fletcher shear zone (“Fletcher”), which is parallel to the existing Western Flanks and A zones. Fletcher was intersected by drill hole WF14-98 specifically designed to test this previously unknown mineralized shear zone and was cofunded by the Government of Western Australia as part of its Exploration Incentive Scheme. “The upside exploration potential of Beta Hunt is underscored by the results from the latest drill hole which not only discovered the Fletcher shear zone - the third major gold zone at Beta Hunt - but also returned wider and higher grade intersections than the current block model when it intersected the existing Western Flanks zone. Fletcher lies within 300 metres of existing development and has the potential to significantly increase gold resources at Beta Hunt as the structure is similar in width to the existing Western Flanks zone. It also has the potential to extend over 2 km from the Alpha Island Fault to the northwest sub-lease boundary,” said Mark Selby, President and CEO of RNC. | |
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