For thousands of other reports visit RSC's Mineral Intellingence Map
Royal Nickel Corp.
Summary
| Project: | Beta Hunt Mine | |
|---|---|---|
| Deposit: | Western Flanks, A Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/27/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2019: Royal Nickel Corp. announces a Resource Estimation report for its Western Flanks, A Zone deposit at the Beta Hunt Mine project. Upgraded mineral resource estimate for Western Flanks and A Zone. Toronto, Ontario, June 27, 2019 – RNC Minerals (TS | |
| Resources: | (Resource, M+I): 10.105Mt @ 2.9g/t Au at project | |
| CP/QP: | [Resources]: Paul Ellison, Stephen Devlin (Internal) | |
| ABSTRACT: | Toronto, Ontario, June 27, 2019 – RNC Minerals (TSX: RNX) (“RNC”) is pleased to announce a substantial increase to the mineral resource for the Western Flanks Zone at its Beta Hunt Gold Mine in Western Australia based on an updated mineral resource estimate effective as of June 26, 2019. The recently completed resource definition drilling program at Beta Hunt has significantly added to the resource base of the mine by upgrading and extending the mineral resources at Western Flanks (Table 1). A total of 16,876 metres of drilling in 144 drill holes were completed at Western Flanks during the current grade control, resource definition and exploration drilling program. Mineralization at Western Flanks has now been defined across a 1.2 km strike length and to a depth of 150 to 250 metres below the basalt contact. The increase in resource was achieved at a discovery cost of less than $5 per ounce. “This increase in resource size is an outstanding result and confirms the exploration potential we always believed existed at Beta Hunt. Today’s 710 koz Measured and Indicated resource with a further 250 koz Inferred resource comes from just over one kilometer of strike length on a single shear complex in the Western Flanks, which we believe represents only a fraction of the mine’s overall potential,” said Mark Selby, President and CEO of RNC Minerals. “I look forward to the results of the remaining 5,000 metres of the current exploration program now underway which will begin testing the other three shears that occur over a potential strike length of more than four kilometres and where gold mineralization has been outlined by historic drilling.” | |
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