Monday, September 24, 2018

RNC Minerals - RNX.v

RNC Minerals - RNX.v assets include a 28% stake in the JV that owns the Dumont Nickel Project located in the Abitibi mining camp in Quebec and 100% ownership of the producing Beta Hunt gold and nickel mine in Western Australia.
On September 24, 2018 the co released News
Royal Nickel Corp.'s new exploration drive on the 14 level at its Beta Hunt mine has intercepted and recovered visible coarse gold, providing further proof of concept that the structures containing the Father's Day vein discovery extend 200 metres (25 m up dip and 180 m along strike) above the Father's Day vein discovery (see Royal Nickel news releases dated Sept. 9, Sept. 16 and Sept. 20, 2018). Technical teams at Beta Hunt are applying the model for these high-grade coarse gold structures to historical drilling and mapping, and have identified a number of targets for follow-up with the potential to continue to extend this discovery.
On September 9, 2018 the co released News

RNC Minerals, is pleased to announce a new high-grade gold discovery at its Beta Hunt Mine. Over the past week, approximately 9,250 ounces of high grade gold was produced from a 44 m3 cut (130 tonnes) on 15 level at the Beta Hunt Mine (equal to over 70 ounces/tonne or 2,200 grams/tonne). The high grade gold (coarse gold and large gold-containing specimen stones) includes approximately 190 kg of specimen stone, the largest of which is 95 kg with an estimated gold content of 2,440 ounces and a second large specimen stone of 63kg with an estimated gold content of 1,620 ounces. Final ounces will be determined once the coarse gold is processed and/or sold over the next week which is expected to yield approximately $C15 million in cash. All of the high grade coarse gold is hand picked, direct ship ore and immediately sent from site directly to the Perth Mint.