Royal Nickel Corp. RNKLF

Insightful comments by geo. following todays drill results

[pierreg]

Very insightful comments following todays drill results by geologist Darp Research AKA @Geodan on Seeking Alpha May 2nd 2019:

«Gold mineralization has now been extended by over 150 metres to the north of the existing Western Flanks resource (see figure 2). Broad zones of mineralization with significant gold intersections have been identified outside the current resource. Key intersections (all estimated true widths):
WFN-071 – 16.8 g/t over 27.8 m including 748 g/t over 0.53 m
WFN-015 – 4.5 g/t over 23.75 m and 7.4 g/t over 5.95 m
WFN-022 – 3.1 g/t over 37.70 m (including 6.7 g/t over 6.96 m and 7.1 g/t over 3.05 m) and 3.1 g/t over 19.91 m;
WFN-049 – 3.04 g/t over 16.42 m and 2.5 g/t over 16.42 m
Infill Drilling at Western Flanks from the 325 Ore Drive (see figure 2) has intersected higher grade gold in multiple places over much greater widths than the current resource model. Key intersections (all estimated true widths):
WFC325-003 – 3.5 g/t over 48.6 m (including 7.9 g/t over 12.20 m and 6.3 g/t over 16.91 m and 20.9 g/t over 8.94 m including 119.6 g/t over 1.24 m);
WFC325-001 – 4.3 g/t over 19.74 m (including 8.2 g/t over 6.23 m);
WFC325-028 – 4.9 g/t over 16.73 m (including 187.0 g/t over 0.23 m and 4.4 g/t over 9.74 m).
Multiple holes define the continuity of mineralization to the south and down-dip on the A Zone shear with infill drilling often yielding grades and widths in excess of the existing resource model. Key intersections (all estimated true widths):
AZ14-012 – 10.9 g/t over 8.99 m (including 157.0 g/t over 0.44 m);
AZ13-107 – 6.8 g/t over 7.17 m (including 26.6 g/t over 1.16 m)
AZ13-125 – 3.3 g/t over 12.57 m

OK JUST GOT TO A PC AND SAW THIS.
This is not only very good, it is a lot better than prior drill report. So after reading half the report would have to say right now is a superb time to buy RNC stock. They keep saying " grades and widths in excess of the existing resource model. " what that means is that where they knew there was gold before FDV that there is more gold, higher grades and wider veins than they thought. This means that not only the new discoveries will be added to reserves and resources but the old ones were inaccurate in terms of being too conservative. This means the mine will be a lot more profitable than prior estimates.
[…]
WFN-071 – 16.8 g/t over 27.8 m (including 3.1g/t over 7.32 m and 51.9 g/t over 8.55 m including 748 g/t over 0.53 m);
Most of the excitement would be on the WFN. That is an amazing drill hole 51.9 g/t over 8.55 m , that is near 2 oz of gold per ton over 28 feet. Just in my head think over $2,000 a ton ore over 28 feet thick bulk minable, wow. That hole is a lot above the sediment layer, interesting. Here is hi-res map https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/0_9bhxr60g/def_height/1626/def_width/2018/version/100012/type/1
[…]
https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/0_9bhxr60g/def_height/1626/def_width/2018/version/100012/type/1 OK on that map which is well done, the old resources in small circles and on right side. The newer big circles are below and to left. The 2 lowest holes are both very good, 015 and 049. The two left most (unexplored area) are 46, 48 and 49, one shared on bottom left corner, and all 3 excellent.
So what s going on here? They are drilling to "mine plan" and mine on this area. Tight drilling, this area may be in production soon and will be very profitable and high oz production per day.
As they say they are now going into drilling to prospect new areas. What is to the left of this? Looks like will be excellent, it has got wider and richer as they go left from old mined area, and not one hole out there. Their resources are going way up.
[…]
On A zone they did not drill under FDV new holes. Looks like they know they will mine it so no need to dril more holes https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/0_l8ykk1o7/def_height/1622/def_width/2018/version/100012/type/1
A zone is not as exciting as WFN in this report. That big red dot under 014 label is high grade and new but not spelled out on map.
[…]
https://mma.prnewswire.com/media/881024/RNC_Minerals_RNC_Reports_Multiple_New_High_Grade_Gold_Intersecti.pdf?p=original that is one of two tables. Glad they released all the drilling results, all the holes in 2nd table here https://mma.prnewswire.com/media/881023/RNC_Minerals_RNC_Reports_Multiple_New_High_Grade_Gold_Intersecti.pdf?p=original
This looks like they will greatly boost the resources of Beta Hunt and it will be more profitable than prior bulk mining.

Now they will explore other Shears and go deep, glad to here that.
[…]
WFN is where the excitement is. This is the best bulk minable ore ever found at Beta.
WFN-071 – 16.8 g/t over 27.8 m (including 3.1g/t over 7.32 m and 51.9 g/t over 8.55 m including 748 g/t over 0.53 m); That is a grand slam drill hole.
It might be missed by some as so wide at 27.8 meters, but it is super bonanza grade over .53 meters and the rest of 27 meters is good to bonanza grade ore. »