Royal Nickel Corp. RNKLF

Cash Flow Out The Ears + Open 3 out of 4 ways

[Geodan2]

"The cash flow from the initial ounces processed to date has allowed RNC to repay all of its debt facilities and, once the remaining gold shipments have been processed, will put the company into a substantial net cash position. The technical team continues to advance its work, having now extended the known sediment structures by a total of 540 metres from the Father's Day Vein structure to the 1250 Level of the mine (see Figure 4). The operational teams have begun jumbo development towards this targeted area. The team has also begun to analyze sediment opportunities in our Western Flanks shear zone. Their work has identified a number of additional targets, which we look forward to exploring in the coming weeks. RNC expects to provide final production results for the third quarter in mid-October," said Mark Selby, President and CEO of RNC.

Father's Day Vein

The Father's Day Vein structure remains open both up dip and down dip and along strike to the north. High grade coarse gold remains highly visible in each of those faces (see Figures 1, 2 and 3 for current faces). Production from this drift is now expected to be a minimum of 30-35,000 ounces gold worth CAD$46-$54 million at current gold prices."

Wonderful.  To my surprise they left the solid gold in the mine walls/faces, the gold grade has about doubled to 5,000 grams gold/ton.  As have been reporting it was richest bonanza ore strike every, beatingteh Comstock, well now it is twice as rich!

Whatthey have done it try and expand it find teh edges. So far apparently 540metrs more about 1/2 mile expanision.  And it is open in 3 of 4 possible ways "remains open both up dip and down dip and along strike to the north."

Mind boogling as normal for the Beta Hunt