Royal Nickel Corp. RNKLF

Beta Hunt news release

[las5513]

Toronto, Ontario, November 28, 2018 RNC Minerals (TSX: RNX) (RNC) is pleased to announce that it has taken a number of steps to focus its efforts on unlocking the high grade gold potential of the Beta Hunt Mine. Mark Selby, President and CEO of RNC, commented We are now positioned to unlock Beta Hunts tremendous potential, through drilling and development focused on high grade coarse gold areas in both of the newly discovered sediment layers that host our Fathers Day Vein discovery, and the high grade coarse gold found adjacent to the Mines nickel deposits. RNCs technical services team has recently completed its initial interpretation of the sediment layer in the much larger Western Flanks shear (relative to the A Zone where the Fathers Day vein was discovered) providing a second, larger target area to potentially find more high grade coarse gold in close proximity to our existing infrastructure. I look forward to continuing to mine more high grade gold through 2019 and completing the exploration and development work to provide the foundation for a larger, more robust and profitable mining operation. Beta Hunt High Grade Potential RNC has initiated a 40,000 metre drill program focused on expanding the known coarse gold areas while expanding and increasing confidence in the bulk tonnage shear hosted resource. Three drills are now currently operating. The first phase of the drilling campaign is expected to be completed by April 2019 with a resource update anticipated for the second quarter of 2019. Underground development will also be completed to provide access to the newly discovered sediment layers, support current and future exploration programs, and facilitate production of coarse gold using smaller scale mining methods. Small scale production from the A Zone 14 & 15 Level and the Fathers Day Vein structure will continue through 2019. Beta Hunts gold resource potential is underpinned by multiple gold shears with gold intersections across a 4 km strike length which remains open in multiple directions adjacent to the existing 5 km ramp network. In order to focus on high grade coarse gold production and deliver the first phase of the exploration plan, we have temporarily ramped down our bulk production mining to allow us to adequately drill off the main shear zone resources and complete an updated resource estimate.***https://www.sedar.com/