TORONTO, June 17, 2019 /CNW/ - RNC Minerals (TSX: RNX)
("Royal Nickel Corp." or "RNC") is pleased to
announce that MVIS® has added RNC Minerals to its
MVIS® Global Junior Gold Miners Index.
Mark Selby, President and CEO of
RNC, commented "Inclusion in the MVIS® Global Junior
Gold Miners Index is another major milestone for RNC. Our inclusion
in the index should bring further liquidity and increased market
visibility for RNC and reflects the company's growth as a gold
producer and developer. With the recent closing of our acquisition
of the Higginsville mine and mill from Westgold, the further
confirmation of our model for high grade coarse gold at Beta Hunt,
and our coming resource update for Beta Hunt at the end of the
second quarter, today's announcement is another exciting
development for RNC shareholders."
About MVIS® Global Junior Gold Miners
Index1
The modified market cap-weighted index tracks the performance of
the most liquid junior companies in the global gold and silver
mining industry. The pure-play index contains only companies that
invest primarily in gold or silver, or generate at least 50% of
their revenues from gold or silver mining or own properties that
have the potential to generate at least 50% of their revenues from
gold or silver mining when developed. The MVIS Global Junior Gold
Miners Index (MVGDXJ) has been licensed to underlie financial
products with currently USD $4.9
billion in assets under management.
1.
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Source:
www.mvis-indices.com
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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
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 4 km strike length
which remain open in multiple directions adjacent to an existing 5
km ramp network. RNC has a 100% interest in the Higginsville Gold
Operation in Western Australia,
which is comprised of a low cost 1.3 Mtpa gold mill and a
substantial portfolio of gold tenements. 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 ninth largest cobalt reserve in the world. RNC
owns a 27% 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
production guidance and the potential of the Beta Hunt Mine,
Higginsville Gold Operation and Dumont
Nickel – Cobalt Project.
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