TORONTO, June 26, 2017 /CNW/ - RNC Minerals (TSX: RNX)
("RNC") announces continued positive infill and extension drilling
results at its Beta Hunt Mine in Western
Australia.
"The latest drill results from the Western Flanks Zone continue
to demonstrate the immense potential to multiply the existing gold
resource at Beta Hunt. The latest drilling confirms the extension
of Western Flanks mineralization at depth in multiple holes, nearly
doubling the vertical extent of Western Flanks mineralization to
190 metres below the contact. Current drilling has yielded the best
intersections yet in the Western Flanks as hole WF18-028 returned
7.09 g/t gold over a downhole length of 21 meters. Infill drilling
at Western Flanks and the A Zone Extension continue to return
excellent results in terms of both grade and thickness, and we have
added a second drill to allow us to accelerate our resource
expansion efforts," said Mark Selby,
President and CEO of RNC.
Drilling highlights at Western Flanks since RNC's news release
dated April 10, 2017 include the
following gold intersections:
Western Flanks (depth extension): (See Table 1 for full assay
highlights)
- WF18-010 – 17.85 m at 4.28 g/t including 3.00 m at 6.46
g/t
- WF18-014 – 9.00 m at 3.35 g/t including 3.00 m at 4.20 g/t
- WF18-028 – 21.00 m at 7.09 g/t including 16.25 m at 8.18
g/t
Western Flanks (infill): (See Table 2 for full assay
highlights)
- WF18-003 – 13.10 m at 4.53 g/t including 3.30 m at 7.55
g/t
- WF18-007 – 2.90 m at 14.97 g/t including 0.60 m at 69.90
g/t
- WF18-012 – 7.80 m at 5.82 g/t including 1.30 m at 26.50
g/t
See Figures 1, 2 and 3 showing
location and proximity to existing development.
Additionally, further definition drilling to support the mine
plan in the A Zone Extension has returned more positive results for
defining a resource, including:
A Zone Extension (extension): (See Table 3 for full assay
highlights)
- WFE17-15 – 2.15 m at 8.47 g/t including 1.15 m at 13.17
g/t
- WFE17-16 – 3.00 m at 4.57 g/t including 1.00 m at 8.02 g/t
- WFE17-19 – 4.20 m at 4.08 g/t including 0.95 m at 14.70
g/t
See Figure 1 and 4 for location and proximity to existing
development.
Beta Hunt A Zone Extension and Western Flanks depth extension
and infill drilling
Additional drill holes completed since RNC's news release dated
April 10, 2017 highlight the
continuity of gold mineralization in the southern extension of the
A Zone where RNC previously announced the extension of the strike
length of 1.2 kilometres by a further 500 metres or more than 40%.
The southern extension occurs directly below the previously mined
contact-related historical Hunt nickel deposit (see Figure 4).
Significant assays from the recent drill holes are provided in
Tables 1, 2 and 3.
At the Western Flanks Zone, recently completed drill holes
confirm the extension of Western Flanks mineralization at depth in
multiple holes and locally extends mineralization by 90 metres
below the deepest previous intersection. This increases the known
vertical extent of Western Flanks mineralization by 90% to 190
metres below the ultramafic/basalt contact. The drilling also
highlights the continuity of gold mineralization within the known
resource and demonstrates gold mineralization extends well below
the known resource and remains open at depth.
RNC recently added a second diamond drill at Beta Hunt to
support infill and exploration drilling plans. Results will
continue to be released as assays become available and will be
utilized to update resource models.
Table 1: Significant assay results from the Western Flanks
Extension Drilling
|
|
|
|
|
True
|
|
|
|
Downhole
|
Downhole
|
Interval
|
Width1
|
Gold2
|
|
|
From
(m)
|
To
(m)
|
(m)
|
(m)
|
g/t
|
|
|
|
|
|
|
|
WF18-010
|
|
134.15
|
152.00
|
17.85
|
14.06
|
4.28
|
|
including
|
134.15
|
138.00
|
3.85
|
|
4.43
|
|
including
|
146.00
|
149.00
|
3.00
|
|
6.46
|
|
|
156.00
|
159.00
|
3.00
|
2.37
|
3.17
|
|
|
|
|
|
|
|
WF18-014
|
|
162.00
|
171.00
|
9.00
|
7.38
|
3.35
|
|
including
|
162.00
|
165.00
|
3.00
|
|
4.20
|
|
including
|
166.80
|
170.00
|
3.20
|
|
3.86
|
|
|
|
|
|
|
|
WF18-028
|
|
143.00
|
145.00
|
2.00
|
1.04
|
4.26
|
|
|
161.00
|
182.00
|
21.00
|
10.91
|
7.09
|
|
Including
|
161.00
|
177.25
|
16.25
|
|
8.18
|
|
including
|
164.00
|
167.00
|
3.00
|
|
9.72
|
|
including
|
174.30
|
177.25
|
2.95
|
|
14.31
|
1.
|
Estimated true
width.
|
2.
|
All gold assays
uncut.
|
Table 2: Significant assay results from the Western Flanks
Infill Drilling
|
|
|
|
|
True
|
|
|
|
Downhole
|
Downhole
|
Interval
|
Width1
|
Gold2
|
|
|
From
(m)
|
To
(m)
|
(m)
|
(m)
|
g/t
|
|
|
|
|
|
|
|
WF18-001
|
|
70.00
|
73.07
|
3.07
|
3.04
|
5.37
|
|
including
|
72.00
|
73.07
|
1.07
|
|
8.21
|
|
|
77.00
|
79.00
|
2.00
|
1.98
|
2.30
|
|
|
89.00
|
91.00
|
2.00
|
1.98
|
3.08
|
|
|
100.00
|
102.00
|
2.00
|
1.98
|
9.40
|
|
|
|
|
|
|
|
WF18-002
|
|
73.00
|
80.60
|
7.60
|
7.03
|
3.96
|
|
including
|
76.45
|
80.60
|
4.15
|
|
5.11
|
|
|
109.00
|
111.00
|
2.00
|
1.86
|
3.47
|
|
|
|
|
|
|
|
WF18-003
|
|
95.00
|
108.10
|
13.10
|
9.64
|
4.53
|
|
including
|
95.00
|
98.55
|
3.55
|
|
5.93
|
|
including
|
104.40
|
107.70
|
3.30
|
|
7.55
|
|
|
|
|
|
|
|
WF18-004
|
|
81.50
|
85.00
|
3.50
|
3.48
|
3.72
|
|
|
115.00
|
117.00
|
2.00
|
1.99
|
4.40
|
|
|
|
|
|
|
|
WF18-005
|
|
------------------ no
significant results
-------------------
|
|
|
|
|
|
|
|
WF18-006
|
|
103.80
|
106.00
|
2.20
|
1.81
|
2.08
|
|
|
112.50
|
115.00
|
2.50
|
2.06
|
3.30
|
|
|
127.00
|
129.00
|
2.00
|
1.64
|
2.03
|
|
|
|
|
|
|
|
WF18-007
|
|
79.00
|
81.30
|
2.30
|
2.30
|
3.28
|
|
|
89.50
|
92.40
|
2.90
|
2.90
|
14.97
|
|
including
|
89.50
|
90.10
|
0.60
|
|
69.90
|
|
|
112.00
|
114.00
|
2.00
|
2.00
|
5.30
|
|
|
|
|
|
|
|
WF18-008
|
|
96.90
|
104.50
|
7.60
|
7.35
|
2.58
|
|
|
|
|
|
|
|
WF18-009
|
|
120.40
|
124.00
|
3.60
|
3.14
|
8.57
|
|
including
|
120.90
|
122.50
|
1.60
|
|
11.54
|
|
|
|
|
|
|
|
WF18-011
|
|
83.00
|
85.00
|
2.00
|
2.00
|
4.66
|
|
|
111.30
|
122.60
|
11.30
|
11.30
|
4.54
|
|
including
|
111.30
|
114.50
|
3.20
|
|
4.49
|
|
including
|
117.40
|
121.60
|
4.20
|
|
7.28
|
|
|
129.00
|
131.00
|
2.00
|
2.00
|
3.66
|
|
|
|
|
|
|
|
WF18-012
|
|
116.60
|
124.40
|
7.80
|
7.60
|
5.82
|
|
including
|
121.70
|
123.00
|
1.30
|
|
26.50
|
|
|
128.00
|
133.00
|
5.00
|
4.87
|
4.89
|
|
|
149.90
|
151.90
|
2.00
|
1.95
|
5.70
|
|
|
157.50
|
160.00
|
2.50
|
2.43
|
2.33
|
|
|
|
|
|
|
|
WF18-013
|
|
124.30
|
126.65
|
2.35
|
2.17
|
2.05
|
|
|
133.55
|
138.00
|
4.45
|
4.11
|
4.47
|
|
|
148.00
|
150.00
|
2.00
|
1.85
|
2.81
|
|
|
|
|
|
|
|
WF18-020
|
|
17.30
|
21.40
|
4.10
|
3.66
|
2.69
|
|
|
26.00
|
29.90
|
3.90
|
3.48
|
3.24
|
|
|
38.00
|
40.00
|
2.00
|
1.79
|
3.46
|
|
|
|
|
|
|
|
WF18-022
|
|
46.00
|
48.00
|
2.00
|
1.89
|
2.10
|
|
|
53.00
|
55.00
|
2.00
|
1.89
|
2.41
|
1.
|
Estimated true
width.
|
2.
|
All gold assays
uncut.
|
Table 3: Significant assay results from the A Zone Extension
Drilling
|
|
Downhole
|
Downhole
|
Interval1
|
Gold2
|
|
|
From
(m)
|
To
(m)
|
(m)
|
g/t
|
|
|
|
|
|
|
WFE17-13
|
|
86.03
|
91.00
|
4.97
|
2.14
|
|
including
|
86.03
|
87.00
|
0.97
|
6.05
|
|
|
|
|
|
|
WFE17-14
|
|
96.00
|
98.25
|
2.25
|
5.17
|
|
including
|
96.00
|
97.42
|
1.42
|
6.82
|
|
|
|
|
|
|
WFE17-15
|
|
96.55
|
98.70
|
2.15
|
8.47
|
|
including
|
97.15
|
98.30
|
1.15
|
13.17
|
|
|
|
|
|
|
WFE17-16
|
|
93.00
|
96.00
|
3.00
|
4.57
|
|
including
|
93.00
|
94.00
|
1.00
|
8.02
|
|
|
|
|
|
|
WFE17-17
|
|
106.35
|
108.50
|
2.15
|
4.31
|
|
including
|
106.80
|
107.50
|
0.70
|
11.90
|
|
|
|
|
|
|
WFE17-18
|
|
100.25
|
103.00
|
2.75
|
3.03
|
|
including
|
100.75
|
101.92
|
1.17
|
3.58
|
|
|
|
|
|
|
WFE17-19
|
|
90.80
|
95.00
|
4.20
|
4.08
|
|
including
|
90.80
|
91.75
|
0.95
|
14.70
|
1.
|
All downhole
intervals. True thickness to be determined.
|
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 compiled 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 Alger St-Jean, P. Geo.,
Vice President Exploration of RNC and Kevin
Small, Director, Mining Operations of RNC, both Qualified
Persons 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.
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