Royal Nickel Corp. RNKLF

Detailed News Article about Beta Hunt Area Finds...

[CanInvestor101]

 

@PierreG01599501 Beta Hunt and Fathers Day discovery like “something from Snow White and the Seven Dwarfs”!?
Interesting article on the rarity of the find, from Kalgoorlie Miner, Beta Hunt find excites, September 12th 2018:
“Mining figures in the Goldfields say a salivating discovery at a Kambalda gold mine will help put the region back on the map after news $15 million of gold specimens were uncovered by
RNC Minerals 500m underground at its Beta Hunt operation last week travelled around the world.
WA School of Mines director Professor Sam Spearing said the large specimens, one weighing 95kg and containing an estimated 2440 ounces of gold, were significant finds.
“I think it was just so exciting because the Goldfields has been mined for 125 years and this was the biggest small find just about ever,” he said.
“This was 9000oz against the 1100oz of the Golden Eagle (found near Widgiemooltha in 1931) and even the really big one in Victoria (the Welcome Stranger) was about 2700oz.
“So this is really significant and although this is not a nugget in the normal sense of the word, I think they’re going to get a huge premium from collectors when they sell it.”
Professor Spearing said RNC’s discovery, which was made by an airleg miner in a 44cum cut of the Beta Hunt mine, was likely to revive interest at the junior end of the mining sector around Kalgoorlie-Boulder.
“This particular story is even more exciting because it was a driller who found it basically by accident,” he said.
“I think this is going to be the source of a lot of geological investigations to try to find out exactly what the sources of its formation were and where and how it can be replicated if it can be replicated.
“I think this has really stirred more the investor into the small mine than the prospector or fossicker or the mid-tier big kids on the block.
“That’s good for our industry because it’s the small people that often get taken up by the bigger ones, and that sees our industry grow.”
Kalgoorlie-Boulfrt geologist Darryl Mapleson said it was like “something from Snow White and the Seven Dwarfs”.
“It’s an incredibly exciting discovery of a gold jewellery shop as I refer to them as,” he said. “They’re quite a common occurrence on the eastern flank of the Kambalda Dome.
“This was obviously quite a significant one and I would have liked to be the airleg miner washing down that heading.”
Mr Mapleson said the gold industry in Kalgoorlie-Boulder was already on a high from a sustained gold price above $1600/oz, which was providing the steam for investment in exploration.
“At the moment, gold exploration is at this consistent level of activity and we’re seeing all diamond rigs are unavailable and booked out — that’s what I’m being told by drillers,” he said. “It’s becoming more difficult to get reverse-circulation rigs.”


https://thewest.com.au/news/kalgoorlie-miner/beta-hunt-find-excites-ng-b88957828z