For thousands of other reports visit RSC's Mineral Intellingence Map
Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Fletcher, Western Flanks, East Alpha | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-9-2019: Royal Nickel Corp. announces an Exploration/Drilling Update report for its Fletcher, Western Flanks, East Alpha deposit at the Beta Hunt Mine project. Drilling results incl. 2.45m @ 41.38g/t Au from 340.00m. Toronto, Ontario, September 16, 2019 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Devlin (Internal) | |
| ABSTRACT: | Toronto, Ontario, September 16, 2019 – RNC Minerals (TSX: RNX) (RNC) is pleased to announce results of the recently completed Exploration drilling program that was drilled from underground positions within the Beta Hunt mine. A total of six holes were completed for 2,190 m. Drilling targeted three shear zones – Fletcher (one hole), Western Flanks north (four holes) and East Alpha (1 hole). Drilling was designed to test conceptual targets, and to investigate the potential for extension of the Western Flanks Mineral Resource to the north. The balance of the original 5,000 m planned for exploration drilling has been deferred for the time being to focus on other priorities. Exploration at Beta Hunt will continue to focus on the identification of gold and nickel drill targets based on a review of historic (and current) drill holes, supported by an improved understanding of the mineralization and geological controls generated by the 2019 resource definition drill program. Paul Andre Huet, President and CEO of RNC, commented “The extension of the Western Flanks mineralization is very positive for RNC, as it is consistent with our view regarding the potential for continued mineral resource additions at Beta Hunt. With our recent results, we have extended the strike length of the Western Flanks shear zone by an additional 200 m to the north of the current resource base. The potential for the Fletcher zone to be added as Beta Hunt’s third major mineralized zone is progressing well based on our recent drilling, leading us to identify further high priority drilling targets along the shear. Our drilling campaign this year resulted in a major increase (+395%) to our Measured and Indicated resource base, now totaling 944 koz. These ounces came at an extremely low discovery cost of $7.30 per oz. Overall, I am extremely pleased with the ongoing drilling program, which has intersected mineralized zones beyond our already significantly increased mineral resource base.” | |
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