RE:RNC Minerals undergoing a 40,000 metre drilling (new video)Pierre,
Good link. Take-away points
- At ~1:14, Mark rhymed out the latest drill results for A-zone and WF. Thick intercepts (30m) and high grade 4-5gpt for 5-10m. Emphasized on new shear zone at WF with high grades (thousands gpt) coarse gold. RE estimate end of Q2.
- At 3:29: Bullish on EVs hence Ni/Co.Mentioned Robert Friedland's remark "Ni is the new gasoline".
He's looks happy and pleased with the results.
Note: Dumont was feature as well, but I would not be surprise if RNX would spin this off to get the cash for BH development, sicne BH has Ni as well and it seems to be in separate "pods" (from Au) which makes it convenient to mine the two independently. It seems that they still have quite a bit of Ni resource still availble at BH at a very grade, over 4% Ni, (Ref. RNX website under BH. Currently Ni is at USD 6.17/lb while the all-in cost would just below USD 4/lb. So there is a bit of profit to be made from mining the Ni at BH.
GH11
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pierreG01599501 wrote: RNC Minerals undergoing a 40,000 metre drilling campaign on gold Project, March 6th 2019
RNC Minerals (CVE: RNX) CEO Mark Selby spoke with Proactive Investors at the Prospectors & Developers Association of Canada in Toronto. The company has a 100% interest in the Beta Hunt gold mine located in Western Australia. RNC is currently completing a 40,000 metre drill program, the results of which will be incorporated into a mineral resource estimate and mine plan targeted for Q2 2019
https://www.youtube.com/watch?v=HHAJUGA8Rck