Q3 results are to Sept 30th only ... More high grade has been extracted since Sept. 30th, and they've just brought in a new mobile diamond drill to Beta Hunt this week. To think there's no more gold is nonsense. Hang in there, people. Weak hands selling as usual.
Snippits from RNC's Recent Releases: ----------------------------------------------------------------------------------------------------------------------------------
https://www.rncminerals.com/news-releases?item=211
TORONTO,
Oct. 22, 2018 /CNW/
- RNC Minerals (TSX: RNX) ("RNC"), is pleased to announce that the first mobile diamond drill has arrived at site and underground drill crews have started the gold exploration program at the Beta Hunt Mine near Kambalda,
Western Australia.
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https://www.rncminerals.com/news-releases?item=212
Father's Day Vein Update
Additional firings were completed at the Father's Day Vein over the past weekend, resulting in the recovery of the "Golden Rose" slab (see Figure 1). On-site personnel were not able to weigh the slab as its weight exceeded the maximum weight of the site scales. A weight and estimate of gold content will be provided by a third party laboratory.
RNC now expects 27-30,000 ounces of gold from the immediate Father's Day Vein area and substantially more than 35,000 ounces from the 540 metres of A Zone sediment structures identified to date.
With the expectation that ongoing high-grade coarse gold will be produced by the mine on a regular basis, the Beta Hunt Mine has taken measures to improve the ability to estimate coarse gold and realize cash flow more efficiently.
Final gold content of various specimens has now been measured by third party laboratories (based on the specific gravity of each specimen relative to the specific gravity of gold and the other minerals in the specimen).
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