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Royal Nickel Corp. (TSX:RNX) announced that high-grade, visible, coarse gold has been successfully mined in a development drive at the Beta Hunt mine.
Royal Nickel Corp. (TSX:RNX) announced that high-grade, visible, coarse gold has been successfully mined in a development drive at the Beta Hunt mine.
As quoted in the press release:
The area, which was named “Hand of Faith” (HOF) by the mine operators because of its significant coarse gold content, was delineated by a historical intersection in drill hole BE20-44 grading 455.9 g/t Au (14.7 oz/t) over 0.8m including 1000 g/t Au (32.2 oz/t) over 0.3m. Face sampling in the HOF drive confirmed this intersection at a mining scale yielding 84.0 g/t Au (2.7 oz/t) over 3.3m including 390 g/t Au (12.5 oz/t) over 0.7m.
Compilation of historical drilling highlights multiple bonanza-grade (>311 g/t or 10 oz/t) intersections at multiple locations on the mine property underscoring the potential for multiple HOF style zones.
Mark Selby, president and CEO of Royal Nickel, commented:
RNC acquired Beta Hunt with a focus on the remarkable gold exploration potential of a mine situated in one of the great gold camps – a potential that had been largely ignored because Beta Hunt operated primarily as a nickel mine for many decades. There is significant potential for multiple Hand of Faith type areas. Historical drilling focused primarily on nickel resources has identified a number of high grade multi-ounce gold intersections in similar geological structures outside the existing Beta Hunt resource and a number of potential target areas that remain untested because of the lack of focus on gold. These results highlight just one dimension of the excellent upside potential to the resource base and production that was identified in the Preliminary Economic Assessment.
Click here to read the full Royal Nickel Corp. (TSX:RNX) press release.