GREY:RNKLF - Post by User
Post by
Happypappyon Nov 21, 2018 3:37pm
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Post# 29006547
Stand up and receive
Stand up and receive Already Beta Hunt has transformed RNCs financial position. Aside from the specimen stones, there was rich high-grade coarse ore within the Fathers Day vein and gold production has soared as RNC has tapped into this. For the ten months to end October, output rose by 60% to 72,000oz approximately, which included 25,355oz from Fathers Day. Sales of gold, meanwhile, have generated sufficient cash to clear more than C$30mln in long-term and convertible debt and going forward will provide sufficient funds for an extensive exploration programme at Beta Hunt. The deposit is open in multiple directions and whats exciting for Selby is is that it is a district-wide feature. The structure was formed 2 billion years ago and where any one of four shear zones cuts it there is potential for ultra high-grade ore. We have 10Km of potential to go looking for more 5 metre living rooms full of this material, in a visual reference to how much metal it found at Fathers Day. The plan is to drill as much it can logistically handle to identify more structures close to the shear and produce more high-grade ounces. We will drill as fast and hard as we can.