GREY:RNKLF - Post by User
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EliteStockwiz12on Oct 23, 2018 2:07pm
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Post# 28858135
Pump!!!!! If we don't have sell outs be over 1.25 for sure :
Pump!!!!! If we don't have sell outs be over 1.25 for sure :RNC starts gold exploration drilling program at Beta Hunt Q3 production results to be released this week RNC Minerals (TSX: RNX) ("RNC"), is pleased to announce that the first mobile diamond drill has arrived at site and underground drill crews have started the gold exploration program at the Beta Hunt Mine near Kambalda, Western Australia. The objective of the program is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt Mine. Drilling will step out both along strike and dip both above and below the known discovery area following the pyritic sediment horizon in the Lunnon Basalt. Understanding the depositional model for this new gold mineralization provides potential for future exploration and discovery of additional high grade gold material at the sediment contact, which has previously been intersected along two of the main gold bearing shears at A Zone and Western Flanks located at the Beta Hunt Mine. "With the arrival of the first drill at site during the past week, exploration activities will begin to ramp up as part of an aggressive exploration campaign. The geology team is continuing to advance their work on understanding the sediment structures with the potential for additional high grade coarse gold. The high grade gold potential of the mine remains largely unexplored," said Mark Selby, President and CEO of RNC. Mr. Selby continued "Third quarter production results will be released this week, later than originally expected, due to delays in final outturns from the large volumes of coarse gold processed." The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, Vice-President, Project Development of RNC, a Qualified Person under NI 43-101. About RNC MineralsRNC has a 100% interest in the producing Beta Hunt gold mine located in Western Australia where a significant high grade gold discovery - "Father's Day Vein" - was recently made. RNC also has a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec which contains the second largest nickel reserve and eighth largest cobalt reserve in the world. RNC owns a 35% interest in Orford Mining Corporation, a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the U.S. Carolina Gold Belt. RNC has a strong management team and Board with over 100 years of mining experience at Inco and Falconbridge. RNC's common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF.