RE:NR on SEDAR filingposters from ceo.ca has added a few comments:
- there are more "new" info on this Tech Rpt, just look closer.
- there was a royalty question for HGO properties, but this has been resolved previously with Morgan S., so RNC could carry out its further development, especially near the mill, to increase its reserve (e.g. for Trident and Chalice, RE of 0.4Moz was put to zero for reserve). Currently, they only credit around 80koz for Polar Bear/baloo and Corona/Fairplay.
BH royalty with MMX is being re-negotiated, hopefully they will come to a new agreement soon.
GH11
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goldhunter11 wrote: https://www.rncminerals.com/2020-02-06-RNC-Minerals-Announces-Filing-of-NI-43-101-Technical-Report-for-Previously-Announced-Beta-Hunt-Gold-Mineral-Reserve
Nothing new in this formal NR. Emphasis is on BH (not HGO, not sure if this was intended or not).
But, the SEDAR NI-43-101 has quite a bit of info on HGO to remind ourselves that the resource is potentially huge (1.9MozAU) based on the old data most like from Avoca. It was recommended that RNC management should have a throrough review (which they are doing now) to have a more up-to-date info, on resources. With more drilling they could update the reserve as well.
Note on Tables 5 (RE) and 6 (reserve as of 2018), the reserves for Trident and Chalice are put to zero from a total of RE=~0.4MozAu (an extremely conservative treatment). With some more drilling (in the current 10M drill program for 2020), they could perhaps get at least 50% of that for the reserve column. As of 2018, HGO reserve was put at 0.367Moz, with 0.186Moz (50%) from Mt. Henry (put in the back burner), and 0.080 Moz (23%) from Corona-Fairplay and Polar Bear-Baloo (on front burner). Stay tune for some surprises for HGO area. For BH it would all depend on the royalty negotiation with MMX. Just my opinion folks.
GH11
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