Royal Nickel Corp. RNKLF

Some info

[gullible1]

From mining.com :

Open pit vs underground

Of utmost importance to the cost of extracting gold is where the gold lies within a deposit. A deposit of disseminated gold (small particles of gold distributed throughout the rock) close to surface will be open-pit mined, while gold found in often-thin veins hundreds of meters below surface is mined using underground methods. There are many more low-grade gold deposits than high-grade. For every 2.5 grams per tonne (g/t) gold deposit, Mother Nature forms another 10 deposits around 1 g/t. Generally speaking, one gram per tonne works for open-pit mines, but underground gold mines require at least 2.5 g/t to be economic.

From MaverixMetals.com
 

BETA HUNT

MMX Interest: Gold - 6.0% gross revenue royalty (GRR) + 1.5% net smelter return (NSR) royalty & Nickel - 1.5% NSR royalty
MMX Metal Exposure: Gold (Au), Nickel (Ni)
Location: Western Australia, Australia
Operator: RNC Minerals
Status: Producing

Asset Information

• Located in the long established Kambalda mining district with excellent existing infrastructure
• Recent significant discovery at the Father’s Day Vein with an estimated ~27-30koz of high-grade gold expected to be recovered from initial discovery area
• Initiated a 40,000m drill program focused on expanding the known coarse gold areas
• 3 drills currently operating with the first phase of the drilling campaign expected to be completed by April 2019
• Gold resources of 447 koz at 3.2 g/t (1)
• Resource update anticipated for Q2 2019