Royal Nickel Corp. RNKLF

Aquarius will be be another source of high-grade mill feed

[pierreg]

Aquarius will be be another source of high-grade mill feed in a relatively short space of time if further drilling confirms past results. Hidden Secret and Mousehollow projects are part near-term mine plan.
Q4 '19 earnings call.

Graeme Sloan: « As part of the resource review, drill result from the Aquarius deposit, formerly was the Corona deposit, have identified this area as a possible future high-grade open pit and/or underground. Highlights of historical drill results can be seen on Slide 13 and include whole VIND047, which returned 658 grams per tonne or 20 ounces per tonne, over 1.9 (sic) [2.3] meters from 202 (sic) [181] meters. The VIND049 returned 225 grams per tonne or 7 ounces be another source of high-grade mill feed in a relatively short space of time if further drilling confirms these results. Recent drilling has also extended mineralization at Hidden Secret and Mousehollow projects, which now form part of our near-term mine plan. Whilst conducting surface sampling at Hidden Secret, we discovered visible gold right on the surface. This is very rare and with most mineralization under several meters of cover. Some of the better intersections at Hidden Secret include 15 grams over 4 meters or from 24 meters, including 48 over 1 and 25 grams per tonne over 4 meters from 17 including 93 grams per meter -- per tonne over 1 meter. At Mousehollow, holes were 26 grams over 3 meters from 22 and 3 grams per tonne over 19 meters from 0. In other words, right at the surface, which means our first bucket of material could well be mineralized. So despite the challenges, a really solid fourth quarter to finish 2019, and we remain on track for quarter 1 this year. »