Royal Nickel Corp. RNKLF

RE:Geodan reacts to the new presentation& WFN-045 & bulk mining

[goldhunter11]

GeoD,
Hole WFN-045 is an interesting hole. It's an old hole and was reported in the last batch (25 Feb NR).It was shown in Fig 2 of that NR with 2 of the intercepts missing. Even though they are short, the grade were much higher (0.56m @ 26gpt, and 1.75m @ 9.38gpt). Note also that this hole is below the sediment layet (some 20m?)

I have drawn a box around the red and shocking pink dots in this figure and came up with some estimate for the RE a few week ago. If we do that again and use the following assumptions for a box with the following dimension: 150m (L) x 160m (D) x 60m (W) and s.g. of 2.8 = 4M tonnes.
At 8gpt this box would give ~1MozAu.

Will provide some discussion later (SH just wiped out my previous  writing, so I had to retype a short version of it).
GH11
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pierreg wrote:

Insightful post by @Geodan on CEO.ca April 9th in reaction to the new presentation by RNX:

«The new presentation https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1eapbvl-RNC%20Corporate%20Presentation%20-3-Apr-2019%20FINAL%20%281%29.pdf (am half thru it) is better than prior one. Like how they lay out big time on one slide how many shares and options there are. Guessing someone new has put these slides together. Then first nugget in it is Slide 8 https://imgur.com/a/9sVWSSa Not sure if WFN-045 is new or not, but it now jumps out at me. 19.14 meters at 4.17 grams. It happens to be the most north and the lowest hole of about 20 drilled at tight spacing to the north of previous drilling on Western Flanks. The Sediment layer on that slide shows the bonanza grades are slightly above the sediment layer nearby and to south of WFN-045. WFN-038 is closest to 45 it is 12.7 meters at 3.31 grams. WFN-045 is only hole assayed under the sediment layer and is spectacular width for being over 4 grams (19 meters) that is 63 feet wide. have not checked yet if they have put out a drill map with this info before, but this map jumps out at me. First the tightness of the holes indicates RNC is going to bulk mine this area and get the bonanza grade at same time that is part if it. The only other hole over 4 grams and 15 meters on map (extra wide bulk mining) besides 045 is 033 in sediment layer at 17.47 meters and 4.04 grams. 045 is considerably better and is the only assayed hole under the sediment layer (it looks about 20 meters under sediment layer) This is exciting and something have been trying to find out for a while. I do have questions into them at this time as to what has been found under the sediment layer. There are two more holes under it, but not assayed yet. They have workings within 10 meters above and to also south of this new block so mining it should be fairly easy and fast. Someone could do the math on how many oz is blocked out in this zone am guessing that is a fairly exciting number. With the bonanza grade in center of this block this will be very profitable block to mine. Just one hole, but 045 is very exciting. The only data under sediment layer there is very positive data. Checked and last drill report did have WFN-045 on it, but it was one for 4 maps on a page and did not jump out to me then. By now they should have drilled more holes under the sediment layer at WF. It can be a major boost to reserves if WFN-045 was not a fluke. »