Royal Nickel Corp. RNKLF

High-grade specimens at Beta Hunt aren't one-offs

[pierreg]

1,750 oz Gold Recovered from 274 kg of Rock (https://ceo.ca/@newswire/beta-hunt-delivers-more-high-grade-gold): one more confirmation that high-grade specimens at Beta Hunt aren't one-offs.

Paul Huet: « I just want to talk about, before I go on the next slide. The drill program we did at Beta Hunt. We've been pretty fortunate and blessed to have these high-grade specimens at Beta Hunt and they're not one-offs. They've occurred at least 10 or 11 times throughout the mine’s history. What's important for us and our shareholders is to demonstrate that we can mine this deposit at the average grade without those specimens. Now everybody is like why would you do that? We're not targeting without them. In fact, we understand the geology a lot more today than we ever did before. We're targeting the geology and we know that those high-grade specimens have been contacted or intersected in that same geologic formation. So, we're going to be targeting in those areas. But the new RNC shows that Beta Hunt with the acquisition of the mill is now economic at the average grade that we have. It's really, really important for us and for our shareholders going forward. We just completed close to a 40,000-meter drill program. Around just shy of 38,000. From that drill program we increased our measured and indicated Resource by almost 400%. Remember I was saying we started off at 400,000 ounces. We increased the inferred Resource by another 200%. At Beta Hunt today we now have approximately 1,300,000 ounces total Resource (https://ceo.ca/rnx?8a4f33a3b45e). »

Graeme Sloan about the mine plan & the A Zone (Fathers Day Vein): «All of that work has to be put into this mine plan and it goes into a big mix and at the end you work out what the best sequences to mine. Unfortunately, or fortunately whichever way you look at it, the 16 level and the 15 or 14 well where A Zone where the Fathers Day Vein load is fits into that sequence. So, if you try to get ahead of that and try to cherry-pick this you will lose some of this material. This way we get it all Mike (https://ceo.ca/@pierreg01599501?9331fb4ca1f1).»

Mark Selby: « The potential for the mine is massive as I said each of these shears runs for several kilometres. We think they can go for kilometer to kilometre and a half deep at least. That little purple box there is the intersection area of where these sediments are sitting in the shear that can be projected back along each of those shears for several kilometres and so you know we think it opens up three to four million tonnes at grade wise that's a TBD but the average grade of what we pulled out so far is about a hundred and fifty ounces per ton or 4,500 grams per tonne so even if we get 1% of that, you're looking at three or four million ounces just you know in that small area and the other part of that our team is very excited about, is to drill beneath that sediment structure to see what the average grade is fundamentally. To get this much gold into one little Rock you either have to have fluids with a lot of gold, a lot of fluids or both and so, we've got this on multiple shears and so we can't wait to start drilling lower down in those shear structures to see what the base grade is going to look like. So, stay tuned, the drilling is coming and hopefully we'll be back next year with even more exciting samples. Thank you (https://ceo.ca/rnx?d345d8c7cb6c). »

Mark Selby: «I think a lot of people thought the Father’s Day Vein was a one-off, but we now have a model that we’ve tested successfully three times and have only tested a few hundred metres on one shear, but this thing goes the entire strike length of all of our shears, so we have multiple kilometres of potential targets (https://ceo.ca/rnx?a22331647398).»

Graeme Sloan about the specimen stones: « These specimen stones we hit them in certain areas within the mine. We can't tell exactly when we're going to hit or how often we're going to hit them. What we can say we are going to hit them (https://www.youtube.com/watch?v=x1WYRpZndr4&feature=youtu.be+).»