Royal Nickel Corp. RNKLF

2 May 2019 NR - mineralized zone in Fig 3 underestimated

[goldhunter11]

Just reviewed the data a bit more closely, and one of the thing that popped out was in Figure 3 (showing section c-c') the (pink) mineralized zone  for +1.5gpt Au was not done "fairly" to corectly portray the situation. 

Granted that an overly optimistic  interpretation would be critcized, but there is no point penalizing oneself by showing an overly conservative interpretation. From the data analysis, we can make the following observation.

- Along the trace lines for drill holes 063 and 029: The boundary drawn for the pink area on the right was simple wrong, since it does not appear to include the the green area which has  grades much larger than 1.5gpt.  I would suggest that they change that green box (bonanza grade) to a a different colour and include that in the pink mineralized zone.
- There are other data points, at least, one on drill hole 026 on the right, that was not included in the mineralized zone (026 hole has been reported in 2 May NR, and a the results shown all obove 1.5 gpt).
- Similarly, on the left of hole 026 the grade is 7.43gpt which should be included in the drawing of the boundary of themineralized zone.

If we took all this into account then the width of the pink mineralized zone (> 1.5gpt) would be about 70m (about double the width at the level of green (bonanza grade).
 
Would appreciate if someone check my observation above to confirm it.  If there is a chance this could be forwarded to IR for them to correct the artist conception. Since double the width of the mineralized zone is not something that one can casually dismiss (ES will not be pleased with overly conservative interpretation...Ref: his beef regarding reality verus conservatism).

Another point worth mentioning is that the bonanza box (hole 029) is shown in FIgure 3 to sit right at a corner of the sedimentary layer. Also, drill hole 030 is shown to run next to the sedimentaty layer at the bottom of Figure 3. As a coincidence,  the highest grades (26.07gpt and 14.98 gpt) seem to be located where the drill hit (or came near) the sediment layer. I think this kind of note/observation (from the company) would help investors to understand a better their theory (gold puking out when in contact with the sediment layer).

Despite the above "complaint",  the new set of results seems to indicate a significant RE (above the JORC Resource Estimate) would be expected.

Cheers,
GH11