Precious Metals

RNC Minerals’ (“RNC”) (TSX: RNX) 67% owned subsidiary, True North Nickel (“TNN”), is pleased to provide an update regarding the 2017 gold exploration program at its high-grade gold Qiqavik Project. Along with Qiqavik, TNN’s other highly prospective exploration properties, West Raglan and the Carolina Gold Belt properties, are on track to be spun-out in October 2017 (the …

RNC Minerals’ (“RNC”) (TSX: RNX) 67% owned subsidiary, True North Nickel (“TNN”), is pleased to provide an update regarding the 2017 gold exploration program at its high-grade gold Qiqavik Project. Along with Qiqavik, TNN’s other highly prospective exploration properties, West Raglan and the Carolina Gold Belt properties, are on track to be spun-out in October 2017 (the “Spin-Out”) into a separately listed TSX-V issuer to be named Orford Mining Corporation (trading under the ticker symbol “ORM”).
As quoted in the press release:

Mark Selby, President and CEO, commented, “I am pleased that the planned spin-out of RNC’s exploration assets held by TNN is expected to be completed next month. I am anticipating the assay results from drilling completed during the Summer Qiqavik exploration program. Visible gold in quartz veins was observed in one of the drill holes at the Aurora target and a new sulphide mineralized shear zone discovered at surface in the Central Zone was shown by drilling to extend at depth. Assay results expected next month will confirm whether or not these structures contain significant gold mineralization.”

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