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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by Henrylav123on Oct 12, 2018 12:31pm
118 Views
Post# 28789143

Not my article but had to share..from ceo

Not my article but had to share..from ceo@Mickey2 If any of you have missed one the best post on this channel...here it is again.... The initial discovery at Beta Hunt mine is truly amazing. To the point that many have doubts about the extent of the discovery. As the story began to develop we saw the strike length jump from 5m-10m-200m and eventually 540m and from 9000 oz to 27 000 ounces with the refined gold from the blast still not accounted for as they are waiting on The Perth Mint to mill and refine the tons of ore that came out with the blast. To date we only have a tally of the hand picked visible gold. Its easy to have doubt since it has been a month since the initial discovery. However, they did not extend the strike zone without supporting evidence. They hit high grade gold below the Nickel lenses on level 14 and In fact, there are almost 700 kms worth of diamond drill holes from the previous 4 companies that have owned the property in the last 40 years. Some of which show 2300 g/t, 1200 g/t and many in the hundreds of g/t. In 2016, they released a report that is 187 pages and they clearly state that the A Zone strike length is actually 800 m. Maybe RNC is playing it safe and maybe we will see the strike length extended to reflect the 2016 assay report. We have heard people refer to this as a jewellery box find. Unfortunately, RNC has a model they have provided to the world that even expert John Kaiser says its not about proving the discovery as much as it is about disproving it. Eric Sprott obviously shares this sentiment as he announced that he is now a 10 percent owner of Royal Nickel and even went as far as to mention the Due Diligence being provided on ceo.ca, This speaks volumes to the work we have put in.... When multiple millionaires take notice maybe retail should be as-well. Nothing happens quickly in the mining world as there are many hurdles to overcome. Once a discovery is made geology needs time to analyze the data, plan how to attack the ore body, implement security measures and set up for a full scale drilling program. Each task takes time and attention as they dont want to paint themselves into a corner. Its not about driving the ore body and chasing the vein. Mining is science, architecture and geology all intertwined into a complex system. Mining is filled with red tape and procedures, all of which test the patience of the company and share holders alike. The geological model being presented is solid and only those who lack experience will brush this off as a one time find. Shorters will try to create doubt and institutions will push the price down in order to maximize their position. In the end its up to Royal Nickel to take the steps to prove out the theory and they have shown every intention to do so. Meanwhile they are extracting specimens in a fashion never seen before and continue to add value to the discovery. They have presented the technical data at two major conferences in the last few weeks and have rarely been challenged until some genius at Haywood decides to attempt to downplay the discovery. Look no further than the surrounding properties and the sheer magnitude of gold in Kalgoorlie and the Kambalda flats. Beta hunt sits on a dome with multiple shear zones. They have known for some time now they had a very unique geological formation with extreme high grade potential. Hitting the Fathers Day was no accident however the timing is all so bittersweet. Kevin Small tried to tell the purchasing company that there is 280 million in gold in the A Zone alone and its not even the main ore body... let that sink in... There are cross over features, shear zones, extensional veins and many many kms of vein to chase. Not every round will be 30 000 oz, but the potential is definitely there to find many bonanza zones throughout the mine. The best part is that its a fully operational mine with all the infrastructure in place to tackle the the ore bodies in very short order, all the while run a full scale drilling program. With 5 kms of ramp running parallel to the western flank and the A Zone, the sky is the limit :) either you believe or you dont but the fact is that there is no other junior mining company with this much potential anywhere in the world.
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