Royal Nickel Corp. RNKLF

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

[pierreg]

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

Beta Hunt A Zone Shear Long Section Significant Coarse Gold Occurrences
https://www.rncminerals.com/2019-10-17-Beta-Hunt-Continues-to-Deliver-High-Grade-Gold#assets_3:215

Steve Devlin Vice-President Exploration and Growth RNC Minerals:
« We have a pretty good idea of what’s controlling this specimen gold now […]
From what we understand, we expect to continue to find coarse gold. »
https://www.kalminer.com.au/?news/kalgoorlie-miner/inside-the-beta-hunt-fairytale-that-just-keeps-giving-in-the-goldfields-ng-b881390061z

Paul Huet about Coarse Gold
https://www.youtube.com/watch?v=Sh98nCWNxvo:
« We're doing everything we can to predict and understand where that Coarse Gold will be. We've actually hired some new geophysicists. We're looking at different ways to evaluate things. We're not stopping or giving up or settling on anything. Our best objective or target is to understand and predict some of that Coarse Gold. Because, there's quite a bit of Coarse Gold. But, we believe in those areas and there might be a lot outside of these areas that we're in as well […] we will find some additional Coarse Gold in 2020. We're very confident, we're extremely confident about that. To predict exactly which month or when or put it into our plans is something we're not prepared to do and it's a little premature. But, it's certainly not a goal we don't believe we can get to at some point. »

Graeme Sloan about Beta Hunt specimen stone occurrence: « 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://ceo.ca/@pierreg01599501?eca308f21d31). »

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).»