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To: LoneClone who wrote (123388)10/19/2017 1:49:49 PM
From: LoneClone  Read Replies (1) | Respond to of 193999
 
RNC Minerals Announces Additional High-Grade Drill Results at Beta Hunt Mine including 6.25 g/t over 33m At Western Flanks

newswire.ca

RNC Minerals 07:00 ET

First Specimen Stone Gold at Depth Discovered in A Zone Yields 30 Ounce Specimen

Multiple High-Grade Intersections Demonstrate Growth Potential of Western Flanks and A-Zone Areas

TORONTO, Oct. 19, 2017 /CNW/ - RNC Minerals (TSX: RNX) ("RNC") is pleased to report continued high-grade drill results at depth from underground drilling at its Beta Hunt Mine in Australia. Underground definition drilling continues to infill and target down-plunge extensions of the A Zone and Western Flanks gold system, and increase mineral resource confidence.

Mark Selby, President and CEO of RNC Minerals commented: "Our exploration results continue to successfully test our theory of increasing grade with depth beyond the current resource. These most recent results highlight the scale and grade potential of the Beta Hunt gold resource. This first discovery of high-grade gold specimen mineralization well below the gold contact in the A Zone provides further support for the resource potential of this mine. We will continue to release results as our drilling program advances. We look forward to producing an updated resource in 2018."

Since RNC's news release dated September 5, 2017, 50 holes have been completed for a total of 4,843 m. The gold systems continue to return intervals of high grades with visible gold. Continuity of gold mineralization in the A Zone has now been defined over a strike extent of 400 m and vertical extent of 250 m. Recent drilling confirms that higher-grade gold mineralization extends approximately 200 m laterally to the south and 60 m below the current mining zone. Gold mineralization has been extended at Western Flanks over a vertical extent of 60 metres and laterally over 200 metres with multiple drill hole intersections containing greater than 20 metres of mineralization.

Highlights of the 50 holes include:

  • 204 intersections greater than 5 g/t gold
  • 85 intersections greater than 10 g/t gold
  • 31 intersections greater than 20 g/t gold

  • Western Flanks Underground Drilling


    Thirty-one holes (totaling 3,123 m), drilled from drill stations along the Western Flanks decline yielded multiple holes with wide zones of mineralization containing higher grade intervals:

  • WF18-036: 6.3 g/t Au over 33.0 m, including 39.34 g/t Au over 3.0 m
  • WF18-035: 4.1 g/t Au over 21.5 m, including 5.72 g/t Au over 12.4 m
  • WF18-064: 3.7 g/t Au over 30.2 m, including 6.95 g/t Au over 6.8 m
  • WF18-041: 3.2 g/t Au over 33.0 m, including 7.84 g/t Au over 8.2 m
  • WF18-056: 3.0 g/t Au over 25.3 m, including 6.45 g/t over 3.7 m
  • WF18-033: 3.0 g/t Au over 27.5 m, including 7.44 g/t over 6.8 m

  • Drilling highlights in Western Flanks are outlined below in Table 1a (See Table 2 for full assay results).

    Table 1a: Highlights from Western Flanks Infill and Exploration Drilling






    Downhole

    Downhole

    Interval1

    Gold2



    From (m)

    To (m)

    (m)

    g/t

    WF18-033


    117.00

    144.45

    27.45

    2.95


    including

    137.70

    144.45

    6.75

    7.44

    WF18-035


    84.00

    105.50

    21.50

    4.06

    WF18-035

    including

    84.00

    96.35

    12.35

    5.72

    WF18-036


    113.00

    146.00

    33.00

    6.25

    WF18-036

    including

    113.00

    129.00

    16.00

    4.58


    including

    138.00

    141.00

    3.00

    39.14

    WF18-039


    103.00

    131.00

    28.00

    2.53


    including

    103.00

    109.00

    6.00

    7.12

    WF18-041


    81.20

    114.15

    32.95

    3.17


    including

    106.00

    114.15

    8.15

    7.84

    WF18-055


    106.00

    113.00

    7.00

    7.78


    and

    117.45

    117.65

    0.20

    324.00


    and

    124.00

    125.50

    5.15

    14.17

    WF18-056


    66.00

    91.25

    25.25

    2.99


    including

    66.00

    72.45

    6.45

    5.98


    including

    87.60

    91.25

    3.65

    6.45


    and

    105.65

    108.00

    2.35

    7.16

    WF18-057


    86.90

    122.00

    35.10

    2.17


    including

    86.90

    95.15

    8.25

    5.13


    including

    112.00

    118.00

    6.00

    3.66

    WF18-061


    44.80

    51.05

    6.25

    9.00


    and

    109.70

    114.00

    4.30

    5.00

    WF18-063


    60.00

    70.20

    10.20

    4.57


    and

    143.00

    145.00

    2.00

    4.20

    WF18-064


    68.00

    74.40

    6.40

    3.40


    and

    101.80

    132.00

    30.20

    3.67


    including

    107.20

    114.00

    6.80

    6.95


    and

    123.00

    127.00

    4.00

    8.88

    WF18-076


    16.40

    23.50

    7.10

    3.51

    WF18-078


    64.10

    67.40

    3.30

    5.39


    and

    97.80

    115.10

    17.30

    4.69


    including

    103.40

    115.10

    11.70

    6.34


    and

    134.65

    139.00

    4.35

    5.65





    1.

    True widths have not been determined at this time.

    2.

    All gold assays uncut.




    A Zone Underground Drilling Program

    Results of the ongoing underground resource drilling program at Beta Hunt continue to demonstrate continuity along strike of the A Zone gold system. Key intercepts are listed below in Table 1b, with further details provided in the commentary that follows (See Table 2 for full assay results).

    Infill drilling of 14 holes was completed (total of 941 m) from 13 level in A Zone, extending the mineralized zone along strike and yielding multiple thick, high grade intersections.

    Table 1b: Highlights from A Zone Infill Drilling






    Downhole

    Downhole

    Interval1

    Gold2



    From (m)

    To (m)

    (m)

    g/t

    AZ13-049


    52.00

    55.20

    3.20

    4.35


    and

    71.60

    75.00

    3.40

    6.18


    and

    102.75

    105.10

    2.35

    8.38

    AZ13-059


    138.00

    148.15

    10.15

    3.16

    AZ13-060


    58.00

    60.55

    2.55

    9.45


    and

    71.00

    75.00

    4.00

    4.06


    and

    92.00

    96.00

    4.00

    3.17

    AZ13-091


    30.75

    41.00

    10.25

    2.83

    AZ13-102


    25.50

    30.00

    4.50

    4.26


    and

    39.00

    49.25

    10.25

    3.29

    AZ13-103


    28.00

    42.00

    14.00

    2.32

    AZ13-104


    29.70

    34.50

    4.80

    8.07


    and

    31.13

    32.10

    0.97

    18.60





    1.

    True widths have not been determined at this time.

    2.

    All gold assays uncut.




    First High-Grade Gold Specimen Encountered at Depth

    In the month of September, development crews working in A Zone on 14 Level encountered specimen stone (natural gold nugget specimen), located along a sediment contact.

    This represents the first time RNC crews encountered specimen stone this far below the ultramafic contact. The geology team is investigating other potential areas where specimen stone could be found at depth within the A Zone. A total of 100 oz of specimen stone was sold in October, most of which came from the 14 level.

    A Zone Extension

    Five holes (totaling 779 m) in the A Zone Extension area yielded several intersections in excess of 5 g/t. Continuity of gold mineralization in the A Zone Extension has now been defined over a strike extent of 200 m and vertical extent of 60 m. Recent drilling confirms that higher-grade gold mineralization extends approximately 200 m laterally to the south to 340 level. Drilling highlights at the A Zone Extension are outlined below in Table 1c (See Table 2 for full assay results):

    Table 1c: Highlights from A Zone Extension Infill Drilling






    Downhole

    Downhole

    Interval1

    Gold2



    From (m)

    To (m)

    (m)

    g/t

    WFE17-34


    109.20

    114.00

    4.80

    5.94


    and

    129.00

    131.00

    2.00

    4.03





    1.

    True widths have not been determined at this time.

    2.

    All gold assays uncut.




    Compliance Statement (JORC 2012 and NI 43-101)

    The technical information in this news release relating to 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 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".

    Drill core sampling was conducted by SLM 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.

    The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, Director, Mining Operations of RNC, a Qualified Person under NI 43-101.

    About RNC

    RNC is a multi-asset mineral resource company with a portfolio of gold and base metal production and exploration properties. RNC's principal assets are the producing Beta Hunt gold and nickel mine in Western Australia, a 50% interest in a nickel joint venture with Waterton that holds the Dumont Nickel Project in the Abitibi region of Quebec, and a 30% stake in the producing Reed Mine in the Flin Flon-Snow Lake region of Manitoba, Canada. RNC also owns a majority interest in the West Raglan and Qiqavik projects in Northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience at Inco and Falconbridge. RNC's common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF.

    Table 2: Beta Hunt Infill and Exploration results since September 5, 2017 news release (Kambalda Nickel Operations Mine Grid)1,2




    Drill
    Hole

    Easting

    Northing

    Elevation

    Dip
    (deg)

    Azimuth
    (deg)

    Depth
    (m)

    From
    (m)

    To
    (m)


    Length
    (m)

    Gold
    (g/t)

    A ZONE INFILL

    AZ13-049

    374468

    544543

    -151

    28

    347

    101

    52.00

    55.20

    3.20

    4.35







    and

    71.60

    75.00

    3.40

    6.18







    and

    102.75

    105.10

    2.35

    8.38

    AZ13-059

    374473

    544535

    -151

    37

    105

    156

    130.00

    132.00

    2.00

    2.08







    and

    138.00

    148.15

    10.15

    3.16

    AZ13-060

    374473

    544535

    -150

    10

    101

    131

    58.00

    60.55

    2.55

    9.45







    and

    71.00

    75.00

    4.00

    4.06







    and

    92.00

    96.00

    4.00

    3.17







    and

    101.95

    105.00

    3.05

    2.87







    and

    110.00

    112.45

    2.45

    2.65

    AZ13-086

    374671

    544395

    -149

    -31

    71

    42

    25.45

    30.00

    4.55

    2.54

    AZ13-090

    374671

    544395

    -148

    -48

    90

    62

    34.00

    37.35

    3.35

    2.76







    and

    43.80

    46.20

    2.40

    5.78

    AZ13-091

    374671

    544395

    -150

    -24

    92

    53

    30.75

    41.00

    10.25

    2.83

    AZ13-095

    374692

    544372

    -151

    -45

    24

    61

    25.00

    31.30

    6.30

    3.75

    AZ13-096

    374692

    544372

    -152

    43

    33

    42

    5.89

    8.00

    2.11

    2.09

    AZ13-098

    374700

    544365

    -150

    -49

    66

    45

    29.85

    33.00

    3.15

    3.16

    AZ13-099

    374697

    544366

    -150

    -20

    66

    35

    22.10

    28.50

    6.40

    2.55

    AZ13-100

    374692

    544372

    -152

    31

    66

    38

    26.50

    28.65

    2.15

    2.17

    AZ13-102

    374698

    544365

    -148

    -48

    99

    62

    25.50

    30.00

    4.50

    4.26







    and

    39.00

    49.25

    10.25

    3.29







    and

    55.00

    57.00

    2.00

    5.32

    AZ13-103

    374697

    544365

    -148

    -20

    96

    59

    28.00

    42.00

    14.00

    2.32

    AZ13-104

    374698

    544363

    -152

    21

    98

    54

    29.70

    34.50

    4.80

    8.07







    and

    31.13

    32.10

    0.97

    18.60

    WESTERN FLANKS ZONE INFILL

    WF18-034

    375006

    543864

    -305

    19

    197

    111

    83.00

    85.20

    2.20

    3.64

    WF18-033

    375006

    543864

    -306

    40

    190

    158

    117.00

    144.45

    27.45

    2.95







    including

    117.00

    123.95

    6.95

    2.70







    including

    128.10

    130.30

    2.20

    2.56







    including

    137.70

    144.45

    6.75

    7.44

    WF18-035

    375005

    543865

    -305

    34

    198

    120

    59.00

    61.45

    2.45

    4.59







    and

    84.00

    105.50

    21.50

    4.06







    including

    84.00

    96.35

    12.35

    5.72







    including

    102.20

    105.50

    3.30

    4.04

    WF18-036

    375006

    543864

    -306

    45

    199

    150

    53.00

    55.00

    2.00

    3.12







    and

    113.00

    146.00

    33.00

    6.25







    including

    113.00

    129.00

    16.00

    4.58







    including

    138.00

    146.00

    8.00

    15.68







    including

    138.00

    141.00

    3.00

    39.34







    including

    139.00

    141.00

    2.00

    54.90

    WF18-038

    375005

    543865

    -305

    19

    209

    102

    64.00

    66.05

    2.05

    2.87







    and

    76.00

    78.00

    2.00

    2.19







    and

    82.25

    85.00

    2.75

    2.35

    WF18-039

    375006

    543865

    -306

    48

    215

    144

    103.00

    131.00

    28.00

    2.53







    including

    103.00

    109.00

    6.00

    7.12







    including

    113.00

    115.00

    2.00

    4.06







    including

    119.00

    121.00

    2.00

    4.72

    WF18-040

    375005

    543865

    -305

    14

    234

    146

    No Significant Intersections

    WF18-041

    375005

    543865

    -305

    41

    230

    132

    59.00

    61.55

    2.55

    3.39







    and

    81.20

    114.15

    32.95

    3.17







    including

    86.50

    91.50

    5.00

    2.40







    including

    95.15

    100.00

    4.85

    3.91







    including

    106.00

    114.15

    8.15

    7.84

    WF18-042

    375006

    543865

    -306

    55

    233

    171

    52.85

    55.00

    2.15

    2.25








    111.00

    121.00

    10.00

    5.73








    128.00

    130.00

    2.00

    3.30








    138.00

    140.00

    2.00

    3.20

    WF18-043

    375005

    543866

    -306

    50

    248

    203

    95.85

    101.35

    5.50

    5.19







    and

    129.00

    131.00

    2.00

    5.16







    and

    136.05

    138.05

    2.00

    3.72







    and

    141.00

    144.00

    3.00

    2.48

    WF18-055

    374949

    543932

    -318

    12

    243

    153

    63.90

    67.00

    3.10

    2.24







    and

    84.00

    86.00

    2.00

    9.26







    and

    106.00

    113.00

    7.00

    7.78







    and

    117.45

    117.65

    0.20

    324.00







    and

    124.00

    125.50

    1.50

    7.76

    WF18-056

    374950

    543930

    -318

    27

    244

    165

    66.00

    91.25

    25.25

    2.99







    including

    66.00

    72.45

    6.45

    5.98







    including

    76.00

    78.00

    2.00

    7.57







    including

    87.60

    91.25

    3.65

    6.45







    and

    105.65

    108.00

    2.35

    7.16

    WF18-057

    374950

    543930

    -318

    40

    241

    177

    86.90

    122.00

    35.10

    2.17







    including

    86.90

    95.15

    8.25

    5.13







    including

    112.00

    118.00

    6.00

    3.66







    and

    160.00

    162.00

    2.00

    2.49

    WF18-061

    374950

    543930

    -318

    42

    260

    162

    44.80

    51.05

    6.25

    9.00








    71.00

    73.10

    2.10

    5.27








    78.30

    81.00

    2.70

    2.19








    99.00

    101.10

    2.10

    2.77








    109.70

    114.00

    4.30

    5.00








    121.42

    123.63

    2.21

    3.00








    129.00

    137.00

    8.00

    2.61








    141.00

    143.20

    2.20

    2.39

    WF18-063

    374950

    543930

    -318

    -1

    270

    185

    60.00

    70.20

    10.20

    4.57







    and

    143.00

    145.00

    2.00

    4.20

    WF18-064

    374950

    543930

    -318

    14

    270

    183

    68.00

    74.40

    6.40

    3.40







    and

    84.00

    86.00

    2.00

    3.17







    and

    94.00

    96.00

    2.00

    16.32







    and

    101.80

    132.00

    30.20

    3.67







    including

    107.20

    114.00

    6.80

    6.95







    including

    117.00

    120.80

    3.80

    2.46







    including

    123.00

    127.00

    4.00

    8.88







    including

    130.00

    132.00

    2.00

    2.12







    and

    140.00

    143.00

    3.00

    3.39

    WF18-066

    374904

    543901

    -296

    0

    221

    12

    No Significant Intersections

    WF18-067

    374899

    543898

    -296

    0

    223

    15

    0.00

    2.30

    2.30

    9.05

    WF18-068

    374899

    543898

    -294

    -35

    223

    22

    8.70

    11.00

    2.30

    2.01

    WF18-069

    374904

    543902

    -296

    -4

    43

    7

    1.00

    3.00

    2.00

    3.48

    WF18-070

    374889

    543911

    -296

    0

    222

    21

    No Significant Intersections

    WF18-071

    374889

    543911

    -294

    -26

    222

    24

    No Significant Intersections

    WF18-072

    374878

    543920

    -294

    -30

    218

    18

    0.00

    2.50

    2.50

    3.34







    and

    8.80

    10.90

    2.10

    8.91

    WF18-076

    374846

    543953

    -292

    -40

    263

    24

    1.00

    3.00

    2.00

    3.84







    and

    10.90

    13.04

    2.14

    5.64







    and

    16.40

    23.50

    7.10

    3.51

    WF18-077

    374845

    543954

    -295

    -3

    263

    27

    0.00

    2.37

    2.37

    4.75







    and

    19.80

    22.00

    2.20

    2.28

    WF18-078

    375006

    543866

    -306

    41

    250

    200

    64.10

    67.40

    3.30

    5.39







    and

    97.80

    115.10

    17.30

    4.69







    including

    103.40

    115.10

    11.70

    6.34







    and

    129.00

    131.05

    2.05

    2.42







    and

    134.65

    139.00

    4.35

    5.65







    and

    171.00

    173.00

    2.00

    2.24

    WF302-001A

    374973

    543801

    -298

    1

    204

    60

    0.00

    2.00

    2.00

    2.97







    and

    8.55

    12.00

    3.45

    2.77







    and

    33.80

    37.00

    3.20

    8.63

    WF302-002

    374973

    543801

    -299

    3

    240

    36

    0.00

    2.00

    2.00

    3.58







    and

    33.00

    35.72

    2.72

    3.14

    WF302-003

    374969

    543805

    -298

    -4

    241

    63

    0.00

    2.50

    2.50

    2.50







    and

    35.00

    37.28

    2.28

    9.24







    and

    45.60

    47.60

    2.00

    2.52

    WF302-004

    374969

    543805

    -298

    0

    263

    72

    1.85

    4.00

    2.15

    3.66







    and

    52.00

    54.00

    2.00

    5.95

    WF302-005

    374972

    543802

    -299

    17

    275

    62

    0.25

    8.00

    7.75

    4.16








    44.85

    47.00

    2.15

    5.46








    57.05

    59.20

    2.15

    4.95








    61.85

    65.85

    4.00

    4.32












    A ZONE EXTENSION INFILL

    WFE17-23

    375224

    543666

    -296

    33

    77

    119

    No Significant Intersections

    WFE17-32

    375042

    543886

    -302

    -26

    10

    169

    No Significant Intersections

    WFE17-34

    375225

    543665

    -296

    27

    94

    170

    109.20

    114.00

    4.80

    5.94







    and

    129.00

    131.00

    2.00

    4.03

    WFE17-35

    375224

    543665

    -296

    38

    96

    168

    No Significant Intersections

    WFE17-36

    375224

    543665

    -296

    48

    96

    174

    83.00

    85.40

    2.40

    3.65

    WFE17-37

    375225

    543664

    -296

    29

    105

    153

    92.60

    95.30

    2.70

    3.15





    1.

    True widths have not been determined at this time.

    2.

    All gold assays uncut.




    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 Mine.

    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; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash 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 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

    For further information: Rob Buchanan, Director, Investor Relations, T: (416) 363-0649, www.rncminerals.com

    Related Links rncminerals.com