RNC Minerals Announces Continued Strong Gold Results From Infill and Exploration Drilling at Beta Hunt Mine and Provides Tolling Update
Multiple intersections > 5 g/t, including true width of 8.8 m of 8.48 g/t at A Zone, and 23.4 m of 3.03 g/t and 19.1 m of 3.94 g/t at Western Flanks
TORONTO, Sept. 5, 2017 /CNW/ - RNC Minerals (TSX: RNX) ("RNC") announces additional positive infill and exploration drilling results at its Beta Hunt Mine in Western Australia.
"These drilling results highlight Beta Hunt's massive exploration potential, which we are just beginning to unlock with the help of a second diamond drill added at the end of June. The infill and exploration results in each zone have strong thicknesses and grades, and will underpin our efforts to continue to improve mined grades. A further 2,000 metres of drilling results are pending, and we expect to complete an additional 15,000 metres of drilling by year end. During the month of August, we also completed our first toll under our lower cost tolling arrangement with Westgold. We continue to see improved grades in our most recent tolls, and look forward to continued quarter-over-quarter improvement." said Mark Selby, President and CEO of RNC.
Highlights of the 68 holes (total of more than 6,900 metres) drilled since RNC's news release dated June 26, 2017 include:
- 232 intersections greater than 5 g/t gold
- 74 intersections greater than 10 g/t gold
- 23 intersections greater than 20 g/t gold
A Zone Results
Infill drilling of 31 holes was completed (total of 2,166 metres) from the next levels in A Zone, yielding multiple thick, higher grade intersections, significantly wider than the true thicknesses that are being mined today. Drilling highlights from A Zone are outlined below in Table 1a (See Table 2 for full assay results):
Table 1a: Highlights from A Zone Infill Drilling
| Downhole | Downhole | Interval | True | Gold2 | ||
| From (m) | To (m) | (m) | (m) | g/t | ||
| AZ13-048 | 67.00 | 78.20 | 11.20 | 10.56 | 4.12 | |
| AZ13-050 | 68.00 | 73.00 | 5.00 | 4.91 | 10.99 | |
| including | 70.20 | 71.85 | 1.65 | 1.62 | 30.81 | |
| AZ13-056 | 73.50 | 81.00 | 7.50 | 7.11 | 4.07 | |
| AZ13-058 | 88.00 | 100.25 | 12.25 | 10.85 | 5.38 | |
| including | 98.00 | 100.25 | 2.25 | 1.99 | 13.91 | |
| AZ13-061 | 102.00 | 108.00 | 6.00 | 5.46 | 7.94 | |
| including | 105.50 | 107.00 | 1.50 | 1.37 | 22.87 | |
| and | 141.18 | 148.94 | 7.76 | 7.02 | 6.05 | |
| including | 141.18 | 142.20 | 1.02 | 0.92 | 36.60 | |
| AZ13-063 | 25.00 | 31.00 | 6.00 | 3.76 | 7.36 | |
| including | 28.80 | 29.50 | 0.70 | 0.44 | 38.01 | |
| and | 43.90 | 63.75 | 19.85 | 12.34 | 3.39 | |
| including | 50.50 | 56.00 | 5.50 | 3.42 | 7.15 | |
| AZ13-069 | 27.00 | 32.00 | 5.00 | 3.42 | 8.57 | |
| AZ13-077 | 22.00 | 32.00 | 10.00 | 8.77 | 8.48 | |
| including | 22.00 | 27.20 | 5.20 | 4.56 | 12.87 | |
| AZ13-081 | 21.00 | 30.40 | 9.40 | 8.93 | 4.08 | |
| AZ13-087 | 19.00 | 33.00 | 14.00 | 13.29 | 5.67 | |
| including | 19.00 | 26.90 | 7.90 | 7.50 | 8.70 |
| 1. | Estimated true width. |
| 2. | All gold assays uncut. |
Western Flanks Results
15 infill and 4 exploration holes (totaling 2,243 metres) in Western Flanks continue to show strong results, including very thick intersections in holes WF18-044 of true width of 23.4 metres of 3.03 g/t and WF18-015 of 19.1 metres of 3.94 g/t. Both holes contain high grade intersections in excess of 5 g/t. Drilling highlights in Western Flanks are outlined below in Table 1b (See Table 2 for full assay results):
Table 1b: Highlights from Western Flanks Infill and Exploration Drilling
| Downhole | Downhole | Interval | True | Gold2 | ||
| From (m) | To (m) | (m) | (m) | g/t | ||
| Infill | ||||||
| WF18-018 | 15.20 | 20.00 | 4.80 | 3.86 | 5.49 | |
| WF18-021 | 25.00 | 30.50 | 5.50 | 3.78 | 10.30 | |
| including | 28.00 | 29.00 | 1.00 | 0.69 | 18.80 | |
| WF18-044 | 66.60 | 90.00 | 23.40 | 23.40 | 3.03 | |
| including | 85.13 | 90.00 | 4.87 | 4.87 | 5.26 | |
| and | 97.00 | 103.00 | 6.00 | 6.00 | 5.38 | |
| WF18-053 | 62.55 | 73.40 | 10.85 | 9.74 | 3.49 | |
| WF18-058 | 60.00 | 65.35 | 5.35 | 5.23 | 4.37 | |
| including | 64.70 | 65.35 | 0.65 | 0.63 | 12.40 | |
| Exploration | ||||||
| WF18-015 | 165.00 | 190.00 | 25.00 | 19.1 | 3.94 | |
| including | 187.00 | 190.00 | 3.00 | 2.29 | 6.04 | |
| WF18-030 | 133.00 | 136.00 | 3.00 | 1.80 | 4.17 | |
| WF18-031 | 134.00 | 139.00 | 5.00 | 3.12 | 12.82 |
| 1. | Estimated true width. |
| 2. | All gold assays uncut. |
A Zone Extension
Infill and exploration drilling of 18 holes (totaling 2,494 metres) in the A Zone Extension areas yielded several intersections in excess of 5 g/t. The first set of exploration holes yielded only a few narrower intersections. Drilling highlights at A Zone Extension are outlined below in Table 1c (See Table 2 for full assay results):
Table 1c: Highlights from A Zone Extension Infill Drilling
| Downhole | Downhole | Interval | True | Gold2 | ||
| From (m) | To (m) | (m) | (m) | g/t | ||
| WFE17-10 | 65.15 | 72.00 | 6.85 | 6.27 | 3.38 | |
| and | 90.00 | 91.00 | 1.00 | 0.92 | 12.00 | |
| WFE17-20 | 73.00 | 82.00 | 9.00 | 8.94 | 5.39 | |
| including | 79.60 | 82.00 | 2.40 | 2.39 | 12.04 | |
| and | 98.92 | 104.00 | 5.08 | 5.05 | 6.86 | |
| including | 99.40 | 101.00 | 1.60 | 1.59 | 12.81 | |
| WFE17-24 | 18.00 | 22.99 | 4.99 | 3.92 | 8.01 | |
| including | 18.00 | 19.10 | 1.10 | 0.86 | 13.87 | |
| Including | 22.00 | 22.99 | 0.99 | 0.78 | 15.00 |
| 1. | Estimated true width. |
| 2. | All gold assays uncut. |
RNC is running two diamond drills at Beta Hunt to support infill and exploration drilling plans. Results will continue to be released as assays become available and will be utilized to update resource models.
Tolling Update
RNC successfully completed two tolls during August, including the first toll under new lower cost tolling agreement at Westgold's Jubilee Mill. The second toll at Jubilee is now underway and RNC expects to toll approximately 185kt of material during the third quarter, nearly double the 98kt milled during the second quarter, and with continued improvement in grades, milled ounces sold are expected to be more than double the ounces milled during the second quarter.
Table 2: Beta Hunt Infill and Exploration results since June 26, 2017 news release (Kambalda Nickel Operations Mine Grid)
| Drill | Easting | Northing | Elevation | Dip | Azimuth | Depth | From | To | Length | True | Gold2 |
| A ZONE INFILL | |||||||||||
| AZ13-048 | 374469 | 544543 | -150 | -16 | 354 | 84 | 44.00 | 46.00 | 2.00 | 1.89 | 3.48 |
| and | 67.00 | 78.20 | 11.20 | 10.56 | 4.12 | ||||||
| AZ13-050 | 374469 | 544543 | -150 | -7 | 357 | 81 | 68.00 | 73.00 | 5.00 | 4.91 | 10.99 |
| AZ13-051 | 374469 | 544543 | -151 | -36 | 359 | 93 | 78.80 | 82.00 | 3.20 | 2.57 | 2.36 |
| AZ13-052 | 374469 | 544543 | -150 | -26 | 4 | 81 | 33.70 | 42.00 | 8.30 | 7.43 | 2.79 |
| and | 61.40 | 65.40 | 4.00 | 3.57 | 2.14 | ||||||
| AZ13-053 | 374470 | 544543 | -151 | -13 | 18 | 69 | 34.00 | 36.20 | 2.20 | 2.14 | 2.65 |
| and | 42.00 | 44.30 | 2.30 | 2.23 | 6.22 | ||||||
| and | 53.60 | 57.90 | 4.30 | 4.17 | 2.92 | ||||||
| AZ13-054 | 374469 | 544543 | -151 | -39 | 21 | 75 | 61.90 | 65.59 | 3.69 | 2.88 | 2.48 |
| AZ13-055 | 374470 | 544544 | -150 | -19 | 43 | 62 | 27.45 | 30.00 | 2.55 | 2.40 | 7.46 |
| and | 35.75 | 37.90 | 2.15 | 2.02 | 2.69 | ||||||
| and | 44.00 | 46.10 | 2.10 | 1.97 | 2.18 | ||||||
| and | 54.00 | 56.15 | 2.15 | 2.02 | 2.25 | ||||||
| AZ13-056 | 374473 | 544536 | -150 | -17 | 76 | 87 | 42.00 | 45.45 | 3.45 | 3.27 | 3.61 |
| and | 68.00 | 81.00 | 13.00 | 12.29 | 3.52 | ||||||
| AZ13-057 | 374472 | 544535 | -151 | -46 | 74 | 99 | 80.00 | 82.00 | 2.00 | 1.40 | 2.04 |
| and | 91.20 | 93.25 | 2.05 | 1.44 | 3.87 | ||||||
| AZ13-058 | 374473 | 544535 | -150 | -27 | 92 | 105 | 88.00 | 100.25 | 12.25 | 10.85 | 5.38 |
| AZ13-061 | 374473 | 544535 | -150 | -22 | 108 | 162 | 102.00 | 108.00 | 6.00 | 5.46 | 7.94 |
| and | 116.30 | 118.83 | 2.53 | 2.29 | 2.33 | ||||||
| and | 130.22 | 136.27 | 6.05 | 5.48 | 3.32 | ||||||
| and | 141.18 | 150.00 | 8.82 | 7.97 | 5.36 | ||||||
| AZ13-062 | 374582 | 544472 | -153 | -23 | 5 | 44 | 22.00 | 27.00 | 5.00 | 4.59 | 4.01 |
| and | 31.00 | 34.00 | 3.00 | 2.75 | 2.05 | ||||||
| AZ13-063 | 374582 | 544471 | -154 | -51 | 5 | 66 | 25.00 | 31.00 | 6.00 | 3.76 | 7.36 |
| and | 38.00 | 40.70 | 2.70 | 1.68 | 2.00 | ||||||
| and | 43.90 | 63.75 | 19.85 | 12.34 | 3.39 | ||||||
| AZ13-065 | 374583 | 544470 | -153 | -31 | 46 | 66 | 28.00 | 30.00 | 2.00 | 1.70 | 3.34 |
| and | 45.00 | 47.00 | 2.00 | 1.69 | 3.82 | ||||||
| AZ13-066 | 374582 | 544471 | -153 | -52 | 46 | 60 | 27.00 | 42.00 | 15.00 | 9.42 | 2.09 |
| and | 53.00 | 57.00 | 4.00 | 2.51 | 5.26 | ||||||
| AZ13-068 | 374584 | 544470 | -153 | -22 | 82 | 65 | 31.85 | 35.55 | 3.70 | 3.40 | 5.58 |
| and | 42.00 | 50.00 | 8.00 | 7.35 | 2.72 | ||||||
| and | 57.85 | 60.00 | 2.15 | 1.97 | 4.14 | ||||||
| AZ13-069 | 374584 | 544470 | -154 | -47 | 82 | 66 | 27.00 | 37.45 | 10.45 | 7.15 | 5.09 |
| and | 43.00 | 46.90 | 3.90 | 2.65 | 3.09 | ||||||
| and | 55.00 | 57.10 | 2.10 | 1.43 | 4.72 | ||||||
| AZ13-071 | 374615 | 544444 | -153 | -17 | 46 | 60 | 31.00 | 33.00 | 2.00 | 1.91 | 4.24 |
| and | 42.60 | 45.80 | 3.20 | 3.05 | 2.24 | ||||||
| and | 56.80 | 60.00 | 3.20 | 3.05 | 3.87 | ||||||
| AZ13-072 | 374615 | 544444 | -153 | -42 | 45 | 69 | 15.00 | 17.60 | 2.60 | 1.91 | 5.60 |
| and | 30.00 | 41.82 | 11.82 | 8.67 | 2.35 | ||||||
| and | 55.90 | 59.00 | 3.10 | 2.27 | 2.71 | ||||||
| AZ13-073 | 374615 | 544443 | -154 | -64 | 46 | 57 | 28.00 | 30.00 | 2.00 | 0.88 | 4.56 |
| and | 37.00 | 39.00 | 2.00 | 0.88 | 4.06 | ||||||
| and | 42.27 | 45.00 | 2.73 | 1.20 | 2.39 | ||||||
| and | 52.00 | 54.00 | 2.00 | 0.88 | 5.32 | ||||||
| AZ13-074 | 374647 | 544418 | -153 | -20 | 8 | 69 | 21.00 | 33.00 | 12.00 | 11.10 | 2.35 |
| and | 42.00 | 44.00 | 2.00 | 1.85 | 2.26 | ||||||
| and | 59.00 | 61.00 | 2.00 | 1.84 | 2.96 | ||||||
| Drill | Easting | Northing | Elevation | Dip | Azimuth | Depth | From | To | Length | True | Gold2 (g/t) |
| AZ13-075 | 374647 | 544418 | -153 | -45 | 8 | 50 | 24.00 | 26.00 | 2.00 | 1.41 | 2.35 |
| and | 32.80 | 36.00 | 3.20 | 2.26 | 5.03 | ||||||
| and | 41.00 | 43.00 | 2.00 | 1.42 | 2.43 | ||||||
| AZ13-076 | 374646 | 544417 | -153 | -67 | 6 | 84 | 39.00 | 41.00 | 2.00 | 0.80 | 3.36 |
| and | 52.00 | 54.15 | 2.15 | 0.86 | 2.52 | ||||||
| and | 68.00 | 70.00 | 2.00 | 0.80 | 2.17 | ||||||
| AZ13-077 | 374647 | 544418 | -153 | -28 | 44 | 45 | 18.09 | 37.00 | 18.91 | 16.57 | 5.61 |
| AZ13-080 | 374671 | 544395 | -149 | 41 | 54 | 48 | 25.00 | 27.25 | 2.25 | 1.74 | 2.57 |
| and | 33.00 | 35.00 | 2.00 | 1.55 | 4.35 | ||||||
| AZ13-081 | 374671 | 544395 | -151 | 21 | 54 | 42 | 21.00 | 32.00 | 10.99 | 10.44 | 3.86 |
| AZ13-082 | 374648 | 544417 | -153 | -21 | 86 | 51 | 35.00 | 38.00 | 3.00 | 2.76 | 3.50 |
| and | 43.00 | 45.00 | 2.00 | 1.84 | 9.05 | ||||||
| AZ13-085 | 374671 | 544395 | -151 | 49 | 75 | 52 | 33.15 | 35.20 | 2.05 | 1.44 | 2.14 |
| and | 37.75 | 41.10 | 3.35 | 2.35 | 2.58 | ||||||
| AZ13-087 | 374671 | 544395 | -152 | -17 | 64 | 42 | 19.00 | 33.00 | 14.00 | 13.29 | 5.67 |
| AZ13-089 | 374671 | 544395 | -153 | -70 | 51 | 81 | 49.00 | 60.00 | 11.00 | 4.01 | 2.47 |
| and | 63.90 | 79.00 | 15.10 | 5.54 | 3.95 | ||||||
| AZ13-092 | 374671 | 544395 | -152 | -26 | 92 | 51 | 6.00 | 8.00 | 2.00 | 4.50 | 4.63 |
| and | 18.00 | 20.30 | 2.30 | 2.00 | 2.12 | ||||||
| and | 32.00 | 34.00 | 2.00 | 4.30 | 4.48 | ||||||
| WESTERN FLANKS ZONE INFILL | |||||||||||
| WF18-016 | 375134 | 543671 | -323 | 18 | 231 | 50 | 15.55 | 17.60 | 2.05 | 1.93 | 3.27 |
| and | 37.00 | 40.40 | 3.40 | 3.20 | 3.45 | ||||||
| WF18-017 | 375134 | 543670 | -325 | -11 | 231 | 57 | 14.00 | 17.25 | 3.25 | 3.19 | 2.62 |
| WF18-018 | 375134 | 543670 | -325 | 2 | 231 | 48 | 12.20 | 20.00 | 7.80 | 6.27 | 4.16 |
| and | 24.00 | 27.30 | 3.30 | 2.64 | 3.55 | ||||||
| and | 45.85 | 49.00 | 3.15 | 2.52 | 4.27 | ||||||
| WF18-019 | 375134 | 543670 | -325 | -51 | 231 | 78 | 29.75 | 41.80 | 12.05 | 5.87 | 4.09 |
| WF18-021 | 375144 | 543662 | -325 | -49 | 226 | 54 | 22.00 | 30.50 | 8.50 | 5.84 | 7.56 |
| and | 45.55 | 48.00 | 2.45 | 1.67 | 6.07 | ||||||
| WF18-023 | 375155 | 543654 | -324 | -17 | 186 | 57 | 23.00 | 25.00 | 2.00 | 1.94 | 3.03 |
| and | 49.00 | 52.00 | 3.00 | 2.90 | 4.88 | ||||||
| WF18-024 | 375155 | 543655 | -325 | -43 | 186 | 60 | 42.80 | 45.00 | 2.20 | 1.65 | 3.22 |
| and | 51.00 | 56.00 | 5.00 | 3.74 | 3.08 | ||||||
| WF18-026 | 375144 | 543662 | -325 | -23 | 226 | 39 | 10.00 | 13.00 | 3.00 | 2.81 | 2.97 |
| and | 28.90 | 31.00 | 2.10 | 1.98 | 2.02 | ||||||
| WF18-027 | 375158 | 543655 | -325 | -1 | 212 | 96 | 72.00 | 74.00 | 2.00 | 1.77 | 3.23 |
| and | 89.00 | 91.00 | 2.00 | 1.77 | 2.39 | ||||||
| WF18-032 | 375007 | 543864 | -305 | -18 | 189 | 128 | 91.40 | 99.00 | 7.60 | 4.70 | 2.97 |
| WF18-037 | 375005 | 543865 | -305 | -8 | 215 | 105 | 37.00 | 39.00 | 2.00 | 1.98 | 3.09 |
| and | 64.00 | 70.35 | 6.35 | 6.29 | 4.34 | ||||||
| and | 75.10 | 78.00 | 2.90 | 2.88 | 4.88 | ||||||
| WF18-044 | 374951 | 543930 | -317 | -2 | 198 | 147 | 53.00 | 55.00 | 2.00 | 2.00 | 3.72 |
| and | 66.60 | 90.00 | 23.40 | 23.40 | 3.03 | ||||||
| and | 97.00 | 108.00 | 11.00 | 10.99 | 4.16 | ||||||
| and | 113.00 | 115.00 | 2.00 | 2.00 | 4.82 | ||||||
| and | 118.50 | 122.00 | 3.50 | 3.50 | 4.99 | ||||||
| WF18-053 | 374949 | 543932 | -315 | 25 | 246 | 123 | 62.55 | 65.00 | 2.45 | 2.20 | 6.85 |
| and | 70.70 | 73.40 | 2.70 | 2.42 | 6.68 | ||||||
| WF18-054 | 374949 | 543932 | -317 | 5 | 245 | 153 | 50.00 | 54.30 | 4.30 | 4.29 | 2.38 |
| and | 58.00 | 67.25 | 9.25 | 9.22 | 3.16 | ||||||
| and | 115.65 | 118.00 | 2.35 | 2.34 | 5.08 | ||||||
| WF18-058 | 374948 | 543932 | -316 | 13 | 258 | 134 | 60.00 | 66.75 | 6.75 | 6.60 | 3.89 |
| and | 131.00 | 134.50 | 3.50 | 3.42 | 4.09 | ||||||
| WESTERN FLANKS ZONE EXPLORATION | |||||||||||
| Drill | Easting | Northing | Elevation | Dip | Azimuth | Depth | From | To | Length | True | Gold2 (g/t) |
| WF18-015 | 375131 | 543746 | -308 | -40 | 273 | 255 | 165.00 | 190.00 | 25.00 | 19.10 | 3.94 |
| WF18-029 | 375131 | 543744 | -308 | -55 | 273 | 221 | 207.00 | 211.90 | 4.90 | 2.69 | 3.19 |
| WF18-030 | 375131 | 543744 | -308 | -52 | 232 | 219 | 108.00 | 110.00 | 2.00 | 1.20 | 2.08 |
| and | 133.00 | 136.00 | 3.00 | 1.80 | 4.17 | ||||||
| and | 143.00 | 145.00 | 2.00 | 1.20 | 2.56 | ||||||
| WF18-031 | 375131 | 543744 | -308 | -51 | 207 | 219 | 134.00 | 139.00 | 5.00 | 3.12 | 12.82 |
| and | 154.00 | 156.10 | 2.10 | 1.32 | 5.31 | ||||||
| A ZONE EXTENSION INFILL | |||||||||||
| WFE17-08 | 375223 | 543668 | -296 | -28 | 5 | 150 | 23.00 | 25.00 | 2.00 | 1.76 | 2.63 |
| and | 43.00 | 45.00 | 2.00 | 1.75 | 4.33 | ||||||
| and | 105.30 | 107.45 | 2.15 | 1.84 | 2.17 | ||||||
| WFE17-09 | 375224 | 543668 | -295 | 0 | 15 | 135 | 14.00 | 17.00 | 3.00 | 3.00 | 2.02 |
| and | 89.00 | 91.00 | 2.00 | 2.00 | 6.39 | ||||||
| WFE17-10 | 375224 | 543667 | -296 | -21 | 66 | 113 | 65.15 | 72.00 | 6.85 | 6.27 | 3.38 |
| and | 87.00 | 91.00 | 4.00 | 3.64 | 3.56 | ||||||
| and | 99.00 | 101.00 | 2.00 | 1.81 | 3.61 | ||||||
| WFE17-11 | 375224 | 543668 | -295 | 2 | 5 | 105 | 29.45 | 31.80 | 2.35 | 2.35 | 3.27 |
| WFE17-12 | 375224 | 543668 | -296 | 2 | 66 | 117 | 6.00 | 9.00 | 3.00 | 2.99 | 2.56 |
| WFE17-20 | 375225 | 543665 | -296 | 0 | 93 | 143 | 10.60 | 13.00 | 2.40 | 2.40 | 2.19 |
| and | 73.00 | 76.15 | 3.15 | 3.14 | 6.10 | ||||||
| and | 79.60 | 82.00 | 2.40 | 2.39 | 12.04 | ||||||
| and | 98.92 | 104.00 | 5.08 | 5.05 | 6.86 | ||||||
| WFE17-21 | 375224 | 543666 | -296 | -38 | 84 | 135 | 20.00 | 22.00 | 2.00 | 1.57 | 2.98 |
| and | 90.00 | 92.30 | 2.30 | 1.79 | 5.20 | ||||||
| WFE17-22 | 375224 | 543666 | -296 | -21 | 84 | 120 | No Significant Intersections | ||||
| WFE17-23 | 375224 | 543666 | -296 | -32 | 75 | 117 | No Significant Intersections | ||||
| WFE17-24 | 375224 | 543666 | -296 | -38 | 68 | 129 | 18.00 | 22.99 | 4.99 | 3.92 | 8.01 |
| and | 47.00 | 49.60 | 2.60 | 2.04 | 2.03 | ||||||
| WFE17-25 | 375224 | 543666 | -296 | -46 | 32 | 120 | 43.10 | 45.10 | 2.00 | 1.40 | 2.90 |
| and | 99.00 | 102.00 | 3.00 | 2.10 | 3.88 | ||||||
| WFE17-26 | 375224 | 543666 | -296 | -27 | 27 | 122 | 76.20 | 78.40 | 2.20 | 1.94 | 2.52 |
| and | 86.00 | 88.00 | 2.00 | 1.77 | 2.72 | ||||||
| A ZONE EXTENSION EXPLORATION | |||||||||||
| WFE17-27 | 375043 | 543884 | -304 | 3 | 48 | 150 | No Significant Intersections | ||||
| WFE17-28 | 375043 | 543884 | -302 | 25 | 48 | 162 | No Significant Intersections | ||||
| WFE17-29 | 375044 | 543882 | -302 | 25 | 90 | 192 | No Significant Intersections | ||||
| WFE17-30 | 375044 | 543883 | -304 | 3 | 90 | 149 | No Significant Intersections | ||||
| WFE17-31 | 375042 | 543885 | -304 | 3 | 13 | 165 | 88.95 | 91.00 | 2.05 | 2.05 | 2.90 |
| WFE17-33 | 375043 | 543883 | -305 | -45 | 69 | 171 | 71.65 | 74.00 | 2.35 | 1.65 | 4.49 |
| 1. | Estimated true width. |
| 2. | All gold assays uncut. |
Compliance Statement (JORC 2012 and NI 43-101)
The technical information in this news release relating to results at the Beta Hunt Mine is based on information reviewed by Steve Devlin, who is a Member of the Australian Institute of Mining and Metallurgy. Mr. Devlin is a full time employee of Salt Lake Mining Pty Ltd and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results".
Drill core sampling was conducted by SLM personnel. Samples are shipped to SGS Mineral Services of Kalgoorlie for preparation and assaying by 50 gram fire assay analytical method. First sample of each sample submission incorporates a barren rock sample as a flush to clean the lab crusher and pulveriser and as a check for contamination. Analytical accuracy and precision are monitored by the analysis of insertion of additional blank material and certified standards. The lab is also required to undertake a minimum of 1 in 20 wet screens on pulverised samples to ensure a minimum 90% passing at -75µm.
The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, P. Geo., Vice President Exploration of RNC and Kevin Small, Director, Mining Operations of RNC, both Qualified Persons under NI 43-101.
About RNC
RNC is a multi-asset mineral resource company with a portfolio of gold and base metal production and exploration properties. RNC's principal assets are the producing Beta Hunt gold and nickel mine in Western Australia, a 50% interest in a nickel joint venture with Waterton that holds the Dumont Nickel Project in the Abitibi region of Quebec, and a 30% stake in the producing Reed Mine in the Flin Flon-Snow Lake region of Manitoba, Canada. RNC also owns a majority interest in the West Raglan and Qiqavik projects in Northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience at Inco and Falconbridge. RNC's common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of RNC, production guidance and the potential of the Beta Hunt Mine.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE RNC Minerals
Contact
Rob Buchanan, Director, Investor Relations, T: (416) 363-0649, www.rncminerals.com