$RNX: Geologist comments first, second, third drill results RNC Minerals geological model honed in on many profitable targets over 3 grams per ton with significant widths. The following are geologist comments after drill results.
First drill results as per @Billminer https://ceo.ca/rnx?a9f26d77a43c : «In my opinion the initial drill results are very encouraging, especially the intervals intersected in the western flanks shear zone. The extreme high grade interval located at the sed contact provides merit to the model. If one breaks down the results in the wf zone, narrower higher grade material has been encountered. These results only represent a very small quantity of metres drilled thus far, I would expect consistent encouraging results to follow with a few wow intervals that represent jewelry boxes. One has to understand that drill intersections are near underground developed workings. The market will adjust the valuation of rnx accordingly with these results. Remember these are mineable ounces being added. »
First drill results as per @Geodan https://ceo.ca/rnx?51d7ebf38d71 : «RNC Website PR Much More Info: Interpretation Broker site PRs missed some key FIGS https://www.rncminerals.com/2019-01-22-RNC-Minerals-Provides-Update-on-Resource-Extension-and-Infill-Drilling-at-Beta-Hunt-Reports-High-Grade-Gold-Intersections-including-First-Coarse-Gold-at-Western-Flanks It also has maps of drill holes, At Western Flanks the richest core already has 3 cores drilled right next to it on trend to left #37, 58, 64 With NO Assays Yet :-) See link. So richesh one (7621 Gram/ton) is only one assayed in that section or to left, 3 more sent to assayers already. FIG 2. To right good cores with longer intercepts. To bottom of FIG under Richest one 4 core drills all not assayed yet. Why drill 4 holes there? Maybe plan, maybe cause 1st one had visible gold? Above and to right good assays, then WFN-029 super rich Bonanza one, then all drill holes to left and bottom of 29 no assays yet, but cores being assayed. Back to A Zone,FIG 3 #22,25,20,19, and 6 all of them, every assay in area is above mine grade :-) looks like about 4 grams for bulk ore, or about 50% better than previous bulk ore. Then the 1406 gram/ton bonanza section in the middle of the bulk. Rather amazing not a bad hole assayed yet out of 7 holes at Zone A. OK what about FIG 4? It shows they only mined up from FDV not down at all (easier and normal way to mine overhead) So they drill one hole down there 7 meters below and 1406 Grams/Ton over .5 meters, wow. The FIGS on PR at website make the news a lot more exciting to me. It indicates Western Flanks can have a lot more rich ore, The cores are already done, just waiting for assays. At A Zone it indicates that bonanza ore is right below FDV and it is totally open downward at bonanza grade, there is one one core below the FDV on trend and it hit big time. Cheers. »
Second drill results as per @Geodan https://ceo.ca/rnx?713e664ae635: «Have said this drill report is better than Jan one. Checked closely and very true. Jan 2019 https://files.newswire.ca/1573/RNCJAN21A.pdf 18 holes less than 3 Grams Feb 2019 https://mma.prnewswire.com/media/826090/RNC_Minerals_RNC_Minerals_Announces_Beta_Hunt_Drilling_Update__2.pdf Only 2 hole less than 3 Grams were intercepted and one of those holes was
extra rich, the sub 3 gram was a secondary vein in same hole. Both lists the
same roughly in hole count. So 9 times better in terms of lack of sub 3 gram
holes. This is a big deal because Beta made a profit in 2018 on a sub 3 gram
Quarter. What about width? Perusing Jan it has only 2 over 10 meter true width
intersections (both 11 meters), check it yourself. Feb has 9 over 10 meter
intersections. Huge difference. Including four over 15 meters and one 39 meter
intersection! And that hole WFN-065 had a second over 10 meter intersection. It
is nite and day, glad dug into drill reports. With the exception of the Jan
report finding bonanza at WF shear bonanza section first (repeated today) I
would rate the Feb drill report as twice as good in terms of how much profit is
delineated by drill holes. Increasing grade and width does not increase mining
costs much but greatly increase revenue and especially profits. Cheers Beta
Hunt Gold and Nickel Operation Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Gold
tonnes mined (000s) Gold mined grade (g/t)1 2.54 2.47 2.24 2.09 1.69 In the Feb
drill report, the very worst drill hole was better than the best Q Beta had
before, it used to be a 2.25ish gram a ton mine. The deeper look at this Feb
drill report the better it looks. »
Third drill results as per @Geodan https://ceo.ca/@geodan?0acb4c949f52: «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. »
Also, RNC Minerals didn’t miss any holes yet again and to put this in perspective from Eric Sprott as per https://ceo.ca/rnx?7adc0cdbcaa6: «the interesting things about the drilling is they didn't miss on any
holes, which is a little unusual...no, no, it's a lot unusual that they didn't
miss on any holes. »