- Gold mineralization has now been extended by over 150 metres
to the north of the existing Western Flanks resource (see figure
2). Broad zones of mineralization with significant gold
intersections have been identified outside the current
resource. Key intersections (all estimated true widths):
-
- WFN-071 – 16.8 g/t over 27.8 m
including 748 g/t over 0.53
m
- WFN-015 – 4.5 g/t over 23.75 m and 7.4 g/t over
5.95 m
- WFN-022 – 3.1 g/t over 37.70 m
(including 6.7 g/t over 6.96 m and
7.1 g/t over 3.05 m) and 3.1 g/t
over 19.91 m;
- WFN-049 – 3.04 g/t over 16.42
m and 2.5 g/t over 16.42
m
- Infill Drilling at Western Flanks from the 325 Ore Drive
(see figure 2) has intersected higher grade gold in multiple places
over much greater widths than the current resource model. Key
intersections (all estimated true widths):
-
- WFC325-003 – 3.5 g/t over 48.6
m (including 7.9 g/t over 12.20
m and 6.3 g/t over 16.91 m and
20.9 g/t over 8.94 m including 119.6
g/t over 1.24 m);
- WFC325-001 – 4.3 g/t over 19.74
m (including 8.2 g/t over 6.23
m);
- WFC325-028 – 4.9 g/t over 16.73
m (including 187.0 g/t over 0.23
m and 4.4 g/t over 9.74
m).
- Multiple holes define the continuity of mineralization to
the south and down-dip on the A Zone shear with infill drilling
often yielding grades and widths in excess of the existing resource
model. Key intersections (all estimated true widths):
-
- AZ14-012 – 10.9 g/t over 8.99
m (including 157.0 g/t over 0.44
m);
- AZ13-107 – 6.8 g/t over 7.17 m
(including 26.6 g/t over 1.16
m)
- AZ13-125 – 3.3 g/t over 12.57
m
Full significant drill intersections are provided in table 1 and
drill hole location details is provided in table 2
TORONTO, May 2, 2019 /CNW/ - RNC Minerals (TSX: RNX) (RNC)
is pleased to announce ongoing drill results from its 100% owned
Beta Hunt Mine. As of April 21 2019,
244 holes have been completed, totaling 27,457 metres of the
planned 40,000 meter campaign. Since RNC's February 25 release, assay results have been
received for an additional 127 holes totaling 11,929 metres.
Mark Selby, President and CEO of
RNC, commented "With the majority of resource drilling now largely
complete, RNC enters the most exciting phase of the exploration
program. Through the balance of the quarter, RNC plans to test the
broader exploration potential of the four shears on the property –
at depth and along the 4+km of strike of the Beta Hunt system.
RNC's drill program thus far has delivered on multiple objectives.
Western Flanks gold mineralization has been extended with infill
drilling and resource extension drilling. Numerous wide
intersections now highlight the large scale bulk potential of this
shear while containing significant 4 to 6 g/t intervals – both in
excess of the grade and width of the current resource. Drilling in
the A Zone also continues to extend the resource, with multiple
intersections both exceeding the grade and thickness of the current
resource."
The latest drill results at A Zone are from drill holes designed
to increase the confidence in the shear-hosted resource at depth
and to the south as well as expand the resource in these
directions. At Western Flanks, drilling continues to define the
northern extension of mineralization to a distance of over 150
metres outside the existing resource. Shorter holes from the
Western Flanks Central 325 ore drive (WFC325- series of holes) were
targeted at providing increased definition of resources for short
term mine planning. In addition to results presented to date, 43
holes totaling 6,993 metres have been drilled for which results are
pending.
Drilling in Western Flanks
A total of 109 holes totaling 13,347 metres have now been
completed at Western Flanks. Assay results have been received for a
further 62 holes totaling 6,162 metres at Western Flanks Since
RNC's February 25 news release.
Drilling for the period covered by this release focused primarily
on areas to the north of and outside the existing Western Flanks
resource model and was aimed at extending and upgrading the
existing resource. As part of to this resource definition and
extension drilling, 1,339 m of
drilling (WFC325 – series of holes) have also been completed to
increase the confidence of resources that are targeted for mining
in the short term.
Drilling to the north of the Western Flanks zone has shown that
the thick relatively continuous mineralization extends at least
150 m beyond the current resource
model and remains open both along strike and at depth (see figure
2).
Drill holes like WFN-049 and WFN-040 (results below) that occur
at the northernmost edge of Western Flanks drilling have extended
the thick mineralized system over 150
m beyond the edge of the current resource and illustrate the
potential for significant additions to the resource.
- WFN-049 – 3.04 g/t over 16.42
m (including 17.8 g/t over 0.93
m) and 2.5 g/t over 16.42 m
(including 3.6 g/t over 5.74 m and
6.7 g/t over 2.54 m);
- WFN-040 – 4.7 g/t over 17.06
m (including 29.6 g/t over 0.54
m and 21.0 g/t over 0.78 m)
and 4.5 g/t over 11.00 m (including
10.7 g/t over 2.34 m).
Infill and extension drilling at Western Flanks also highlights
that, in many places, gold mineralization can extend considerable
distances across the shear system between what has previously been
considered as mineralized shear domains (see examples below and
cross section of Western Flanks in figure 3). These results
illustrate the nature of the Western Flanks as a thick, variably
mineralized system containing shear zones grading in the 4 to 6 g/t
range with mineralization between these shear zones often grading
in the 0.5 to 2 g/t range. The extension of mineralization at
lower grades outside what was previously modeled as mineralized
domains also provides good potential for significant additions to
the resource.
- WFN-071 – 16.8 g/t over 27.8 m
(including 3.1g/t over 7.32 m and
51.9 g/t over 8.55 m including 748
g/t over 0.53 m);
- WFN-015 – 4.5 g/t over 23.75 m
(including 13.8 g/t over 2.23 m and
10.4 g/t over 3.35 m) and 7.4 g/t
over 5.95 m (including 42.3 g/t over
0.79 m);
- WFN-022 – 3.1 g/t over 37.70 m
(including 6.7 g/t over 6.96 m and
7.1 g/t over 3.05 m) and 3.1 g/t over
19.91 m;
Drilling in A Zone
A total of 135 holes for 14,110 metres have now been drilled
along the A Zone shear and assay results have been received for a
further 65 holes totaling 5,767 metres at A Zone since RNC's
February 25 news release, Drilling
has infilled around the Father's Day Vein and the northern,
southern and down-dip limits of the A Zone (see Figure
4).
Highest grade results were achieved from drilling the northern
central section of the shear zone where drilling tested for
mineralization along and below the interpreted shear/Lunnon
Sediment contact. Results showed strong grades and thicknesses in
excess of the existing resource. The best intersection, AZ14-012 –
10.9 g/t over 8.99 m, is associated
with narrow bands of pyritic sediment within sheared basalt,
including 157 g/t over 0.44 m, hosted
by quartz-veined pyritic sediment. This result again reinforces the
strong relationship of bonanza grades with shear-hosted Lunnon
Sediment.
Drilling continues to be focused on extending and upgrading the
northern, southern and down-dip margins of the existing
resource
Going Forward
The current phase of resource drilling is largely complete and
will be the basis of a resource update expected to be published by
the end of the second quarter. The exploration program now
enters into an exciting phase as our focus will turn to exploration
targets including the Fletcher Trend and northern strike extension
of the A Zone as we test the broader exploration potential of the
four shears on the property – at depth and along the 4+ km of
strike of the Beta Hunt system.
Table 1: Significant drill results since February 25th, 2019
Please refer to the following link for the full summary table of
significant drill results from A Zone and Western Flanks received
since February 25th, 2019:
Beta Hunt Table 1
Table 2: Location and status of holes drilled in the current
campaign beginning October 10,
2018.
Please refer to the following link for the full
summary table of the hole location and status of holes drilled
in the current campaign beginning October
10, 2018: Beta Hunt Table 2
Compliance Statement (JORC 2012 and NI 43-101)
The disclosure of scientific and technical information contained
in this news release has been approved by Alger St-Jean,
Vice-President, Exploration of RNC, a Qualified Person under NI
43-101.
The technical information in this news release relating to
drilling results at the Beta Hunt Mine is based on information
reviewed by Steve Devlin, who is a
Member of the Australian Institute of Mining and Metallurgy. Mr.
Devlin is a full time employee of Salt Lake Mining Pty Ltd, a 100%
owned subsidiary of RNC, and has sufficient experience, which is
relevant to the style of mineralization and type of deposit under
consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2012 edition of the
"Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves".
Drill core sampling was conducted by Beta Hunt personnel.
Samples are shipped to SGS Mineral Services of Kalgoorlie for
preparation and assaying by 50 gram fire assay analytical method.
First sample of each sample submission incorporates a barren rock
sample as a flush to clean the lab crusher and pulveriser and as a
check for contamination. Analytical accuracy and precision are
monitored by the analysis of insertion of additional blank material
and certified standards. The lab is also required to undertake a
minimum of 1 in 20 wet screens on pulverised samples to ensure a
minimum 90% passing at -75µm.
About RNC Minerals
RNC has a 100% interest in the producing Beta Hunt gold mine
located in Western Australia where
a significant high grade gold discovery - "Father's Day Vein" - was
recently made. RNC is currently completing a 40,000 metre drill
program, the results of which will be incorporated into an updated
NI 43-101 compliant Mineral Resource Estimate and mine plan
targeted for Q2 2019. Beta Hunt gold resource potential is
underpinned by multiple gold shears with gold intersections across
a 4km strike length which remain open in multiple directions
adjacent to an existing 5km ramp network. RNC also has a 28%
interest in a nickel joint venture that owns the Dumont
Nickel-Cobalt Project located in the Abitibi region of Quebec which contains the second largest
nickel reserve and eighth largest cobalt reserve in the world. RNC
owns a 33% interest in Orford Mining Corporation, a mineral
explorer focused on highly prospective and underexplored areas of
Northern Quebec. RNC has a strong
management team and Board with over 100 years of mining experience.
RNC's common shares trade on the TSX under the symbol RNX. RNC
shares also trade on the OTCQX market under the symbol RNKLF.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains "forward-looking information"
including without limitation statements relating to the liquidity
and capital resources of RNC, production guidance and the potential
of the Beta Hunt and Reed mines as well as the and the potential of
the Dumont development project and Orford Mining's Qiqavik, and
West Raglan, exploration properties.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to RNC's filings with
Canadian securities regulators, including the most recent Annual
Information Form, available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and RNC disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
SOURCE RNC Minerals