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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by Geodan2on Nov 13, 2018 4:07pm
369 Views
Post# 28967843

There may be another 10-40 million oz in Shears at 5-7Grams

There may be another 10-40 million oz in Shears at 5-7Grams 
Biggest thing that I picked up is that Selby says that the entire Shear Zones are in play under the top of the Basalt for gold, he said once maybe 1 to 1.5 kilometers deep!. That all their current resources (500,000 oz think) are for the top 40 meters think he said.

 

Later said at least several hundred meters deep could/should have gold. He is talking not related to sediment layer. And that would be over 8 kilometers of strike. So if 30 meters wide and say 500 meters deep X 8 kilometers that would be massive ore bodies (4 of them). Did anyone else pick that up? If just 5 grams a ton it would be a massive deposit and very profitable as so huge. He said they got 5-7 grams a ton in shears in lowest areas before as they ended the drilling in 2017. And that the deeper they went the higher the grade.

 

Here is the math: This is high end but 8,000x30x500meters deep = 120,000,000 cu meters and say 2 tons a cu meter = 240,000,000 tons at 5 grams = 1.2 billion grams of gold. Divided by 31.1 = 38,585,000 oz of gold. That is the upper end. At 1/4th that about 10 million oz. Enticing #s

 

If there is any confirmation of that with now two drills operating, wow. BTW Have been wondering that same thing, would drill down the shear zones to see what is there.

It may not be economic grade, we do not know yet but the initial tests showed some 5-7 gram hits in 2017. If the entire shear zones below the top have gold at say 5 grams/ton, that is mind boggling and it is something the market can understand better than bonanza ore which it is not used to.

 

Listening again to CC, he mentions where they stopped drilling depth wise at Western Flanks they had roughly 5-7 gram/ton hits and that now they expect lower down to be richer grade. The Western Flanks is the widest shear and that is why they are drilling there as so many tons there.

 

So the above calcs could possibly happen. Maybe in two months we will know on that issue.

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