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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by Geodan2on Feb 26, 2019 8:18pm
201 Views
Post# 29417279

Newest Drill Report has 8 Times more Thick Veins

Newest Drill Report has 8 Times more Thick Veins
Found a old drill report, maybe last one before FDV  https://files.newswire.ca/1573/RNCupdate.pdf  
 
Notice that WF seems better than A Zone and they mostly drilled there at WF.  Look at width.  Out of 80 hole intercepts at WF, maybe 50% are less than 2 meters wide. Only 7 ore body true widths are over 5 meters.  The grade is not bad at all, in fact over 50% are over 4 grams.  No Bonanza however.  
 
How does that compare to Feb 2019 report also at WF? It is very important to only count "and" not "including" which  is part of a vein.  There are 13 ore bodies over 5 meters on much shorter list of just 19!  So 1/4th the holes and twice the over over 5 meter ore body widths. 
https://mma.prnewswire.com/media/826090/RNC_Minerals_RNC_Minerals_Announces_Beta_Hunt_Drilling_Update__2.pdf?p=original 
 
So far the new lower area at WF is producing about 8 times more thick (>5 meters) veins/ore bodies at true width.   It is hard and inefficient to mine 1-2 meters veins.   5,10, 20 meters wide is much more profitable if the grade is roughly the same or even quite a bit lower.
 
Even though Spring 2018 Drill report had good grades, RNC will mine the new stuff in Feb 2019 report first because it is so much wider and  profitable.  And throw in the high grade holes and the average grade is also higher in the new report. 
 
Cheers
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