Royal Nickel Corp. RNKLF

Report From Prev Owners of Beta Hunt...6g/t or higher...

[CanInvestor101]

 

@PierreG01599501 A very interesting find about Consolidated Minerals Ltd that had owned and operated Beta Hunt,

document from 2006, its highlight: 

-«Western Flanks with an inferred resource of 1.5mt @ 4.1g/t (top-cut because of the visible gold,

average mined grades are expected to be ~6g/t or higher) ».


«Beta Hunt Gold Gold mineralisation at Beta Hunt was historically sought after as specimen stone,

and East Alpha is regarded as the downfaulted extension of the Silver Lake (or Lunnon) orebody

(that development on East Alpha is driving north towards). The original mine at Silver Lake was in fact

the turn of the century Red Hi gold mine and reputedly 0.5moz were extracted from the region before

its closure with the underground workings apparently only 30m away from the Lunnon nickel orebody

that was discovered in January 1966.  Gold Fields’ St Ives gold mine’s operations are interspersed along

the Beta to Foster line of tenements as illustrated by the gold open-cuts in Figure 6d, and any gold ore

mined by CSM in the tenements has to be toll treated at a specified recovery through the St Ives plant

as part of the original agreement with GFI.  The gold ore mineralisation at Beta has been interpreted

as a post nickel mineralising event and appears to have been injected up near vertical faults typically

as gold in quartz [..] and then apparently reactivated, travelling along the lava channels.

The main mineralisation appears to be located in the Western Flanks with an inferred resource of

1.5mt @ 4.1g/t (top-cut because of the visible gold, average mined grades are expected to be

~6g/t or higher) and lies mainly in the Hunt ground, although there could be at least two trends

of stacked lode systems».

https://www.eagleres.com.au/images/pdfs/reports/2006/csm14jun06.pdf