Summary

Paleochannel Project

  • The paleochannel project is an integral component of HGO's expected Life of Mine Plan, with drilling to date focused on two priority areas within the paleochannel system – Mitchell and Jupiter.
  • The paleochannel system extends for over 7 kilometres south of current mining operations (Fairplay North) and provides multiple exploration targets along its length including extensions of the paleochannel and the hard rock potential at depth.
  • Planning for the first of the high-grade primary gold mineralization targets is underway which will test the continuity of the mineralization below the Jupiter paleochannel.
  • This mineralization, first identified by historical drilling in 2012, had not been followed up because of the prior onerous royalty attached to the tenement, which is now being eliminated (see RNC news release dated May 11, 2020).
    • Drill intersection1, 2 highlights from the Jupiter primary mineralization are listed below:
      • JUPR037: 234.0 g/t over 2 m downhole from 90 m
      • JUPR025: 39.2 g/t over 2 m downhole from 64 m
      • JUPR031: 4.2 g/t over 17 m downhole from 54 m
      • JUPR030: 4.7 g/t over 7m downhole from 70 m
  1. Estimated true widths are 60%-70% of downhole widths
  2. Intersections previously reported by Alacer Gold Corp. (news release, March 26, 2013).

Pioneer Deposit

  • New drilling by RNC has extended gold mineralization at Pioneer and outlined a high-grade shallow, south plunging shoot which shows clear potential for underground development. Pioneer is part of HGO's near term mine plan.
    • Highlights from the 2020 drill program include1:
      • PORR0142: 5.4 g/t over 17.0 m from 67 m, including 10.7g/t over 6.0m
      • PORR0186: 3.9 g/t over 18.0 m from 60 m
      • PORR0184: 8.5 g/t over 5.0 m from 97 m, including 16.0g/t over 2.0 m
      • PORR0138: 6.7 g/t over 9.0 m from 57 m
  1. Estimated true widths (Note: true widths approximate downhole widths).

Baloo Mine extended to South

  • Grade control drilling in the Baloo pit has extended high-grade gold mineralization beyond the pit design at the southern end of the pit.
  • Six follow-up RC holes testing the extension of the mineralization at depth were completed and confirmed the presence of mineralization below the current pit.
    • Highlights from the 2020 drill program include1:
      • BLOR0044: 5.5 g/t over 3.0 m from 21m
      • BLOR0048: 7.3 g/t over 2.0 m from 16 m
  1. Drillhole intervals are estimated true widths.
  • The deeper extensions of the Baloo mineralization, below the current pit design, will be tested with infill diamond drilling later in 2020. The historical highlights summarized below underscore the underground potential of this deposit.
    • Highlights of historical gold drill results1, 2 from S2 Resources:
      • SPC0258: 5.1 g/t over 8.0 m from 106 m
      • SPD0100: 8.4 g/t over 7.6 m from 125.2 m
        SPD0101: 5.0 g/t over 9.8m from 111.5 m
  1. Drillhole intervals are estimated true widths. (Note: true widths approximate downhole widths).
  2. Intersections previously reported by S2 Resources Ltd. (ASX news releases, February 10, 2016 and December 8, 2016).

Note: Tables showing complete results and drill hole locations can be found at the end of this news release.

TORONTO, May 19, 2020 /CNW/ - RNC Minerals (TSX: RNX) ("RNC" or the "Company") is pleased to announce positive results from ongoing drilling at Higginsville and a further update of our review of historical drill records. As part of the Company's open pit pipeline development strategy, drilling is now underway at the Jupiter project to be followed by Mitchell, two of the Company's paleochannel deposit targets.

Paul Huet CEO and Executive Chairman RNC said, "Following the announcement of the elimination the Morgan Stanley NSR royalties last week (see RNC news release dated May 11, 2020), we are excited to be seeing further strong examples of the potential at Higginsville. Not only are we seeing further potential additions to open pit resources, but our ongoing technical review of the historical database has revealed another excellent high-grade target for us to pursue at the Jupiter project.

At Jupiter, the presence of historical drilling grades in excess of 230 g/t over two metres at relatively shallow depths (approximately 60 metres from the surface) highlights the tremendous upside potential at Higginsville. These results follow on from the historic drill results from the Aquarius deposit (see RNC news release date February 27, 2020) which are also high-grade and close to the surface. With the elimination of the Morgan Stanley NSR royalty, these projects will be free of this long-standing burden, which held back exploration and mining at Higginsville for over a decade.

Over the course of 2020, we will continue to aggressively target these new areas as we also test our existing pits for additional ore body extensions. The commencement of drilling on the paleochannel deposits is exciting and we look forward to continuing to build upon the outstanding results that we have delivered thus far at Higginsville in 2020."

Figure 1: Location of Jupiter, Baloo, Mitchell, Pluto and Pioneer Deposits (CNW Group/RNC Minerals)

Pioneer

The Pioneer gold deposit is located 13 km south south-east of the HGO processing plant (Figure 1).  RNC commenced drilling at Pioneer late last year with the aim of upgrading and increasing the Historical Mineral Resource. The work involved a two-stage reverse circulation ("RC") drill program totaling 86 drill holes for 7,953 metres. Results from the 2019 - 2020 drilling have extended the mineralization along strike to the south and down dip and identified a shallow, south plunging high-grade shoot (Figure 2). Further drilling is planned through the second half of 2020 to test continuity of the mineralization at depth and test the potential for an underground operation by drilling the interpreted high-grade shoot extensions.

Highlights1 of gold results from the drilling are listed below:

  • PORR0138: 6.7 g/t over 9 m from 57 m
  • PORR0141: 2.0 g/t over 15 m from 50 m
  • PORR0142: 5.4 g/t over 17 m from 67 m, including 10.7 g/t over 6 m
  • PORR0143: 5.5 g/t over 7 m from 59 m
  • PORR0144: 3.5 g/t over 9 m from 66 m
  • PORR0145: 4.6 g/t over 8 m from 80 m
  • PORR0184: 8.5 g/t over 5 m from 97 m, including 16.0 g/t over 2 m
  • PORR0186: 3.9 g/t over 18 m from 60 m
  • PORR0209: 2.4 g/t over 12 m from 64 m
  1. Drillhole intervals are estimated true widths (Note: true widths approximate downhole widths).

Figure 2 – Pioneer Long Section Looking West (CNW Group/RNC Minerals)

Mineralization at Pioneer is interpreted to dip approximately 30° towards the east and is hosted within a mafic package comprised mainly of silicified basalt with narrow, cherty interflow sediments. Mineralization is interpreted as bounded by steeply east dipping, north northeast trending regional shears.

Baloo

Grade control drilling and follow-up RC drilling (6 holes for 262 metres) in the Baloo pit has extended the high-grade mineralization beyond the pit design at the southern end of the pit (Figure 3). Results from the grade control drilling and the deeper follow-up holes will be used to extend the existing pit design. Potential to extend the northern end of the pit at depth is also under review as supported by earlier released drill results (see RNC news release, Jan. 23, 2020). Drill intersection1 gold result highlights from the March RC program are listed below:

  • BLOR0044: 5.5 g/t over 3.0 m from 21 m
  • BLOR0048: 7.3 g/t over 2.0 m from 16 m
  1. Drillhole intervals are estimated true widths.

The deeper sections of the Baloo historical resource are planned to be tested with infill diamond drilling later in 2020. A review of previous exploration work completed by S2 Resources ("S2") shows that mineralization extends over 300 m below surface with a number of significant intersections just below the current pit design highlighting the potential to extend the mine life of this deposit with an underground operation (Figure 3). Highlights of gold results from the S2 drill intersections1 (S2 Resources Ltd., ASX news releases, February 10, 2016, December 8, 2016 and February 13, 2017) are listed below:

  • SPC0258: 5.1 g/t over 8.0 m from 106 m
  • SPD0100: 8.4 g/t over 7.6 m from 125.2 m
  • SPD0101: 5.0 g/t over 9.8m from 111.5 m
  1. Drillhole intervals are estimated true widths (Note: true widths approximate downhole widths).

Figure 3 – Baloo Long Section Looking East Highlighting Potential to Extend Pit to South; Note: Historical drill intersections shown (see S2 Resources Ltd.,ASX news releases, February 10, 2016, December 8, 2016 and February 13, 2017). (CNW Group/RNC Minerals)

Mineralization at Baloo is located on the Buldania Fault, a north north-west striking fault dipping shallowly approximately 30° to the east. Alteration comprises biotite +/‐pyrite‐arsenopyrite with multiple generations of veining present within the Fault zone. Gold mineralization is associated with quartz‐arsenopyrite‐pyrite veining.   

Paleochannel Project

The paleochannel deposits at Higginsville are an integral part of the expected HGO mine plan. RNC is focused on three primary Paleochannel deposits: Mitchell, Jupiter and Pluto. Jupiter and Pluto belong to the Challenger paleochannel system which lies 3 kms east of the Mitchell paleochannel (Figure 1).

Historical mine production totaled 2.1 Mt @ 3.4 g/t (232,000 contained gold ounces). The existing  Historical Indicated Mineral Resource of 1.5 Mt @ 2.2 g/t for 102,000 contained gold ounces and a Historical Inferred Mineral Resource of 0.3 Mt @ 2.1 g/t for 14,000 contained gold ounces (see technical report dated February 6, 2020 under Royal Nickel Corporation's profile at sedar.com) was part of the acquisition of Higginsville . A qualified person has not done sufficient work on behalf of RNC to classify the historical estimates as current mineral resources or mineral reserves and RNC is not treating the historical estimates as current mineral resources or mineral reserves.

The remaining paleochannel historical resources were assessed and prioritized for follow-up drilling. This work resulted in all three areas (Mitchell, Jupiter and Pluto) being targeted for infill and extensional drilling, with the objective of upgrading and adding to the historical mineral resources. Drilling will also test the continuity of primary mineralization previously intersected at the Jupiter prospect, with the objective of producing a Mineral Resource estimate for this mineralization.

Drilling of an expected total of 4,060 m is planned in two stages. Stage one will comprise 33 drill holes for 2,140 m, targeting both the Jupiter primary and overlying paleochannel mineralization and infill the Mitchell 3 and 4 Historical Mineral Resources. Stage two will comprise 32 drill holes for 1,920 m, targeting an upgrade and extension of the Pluto Historical Mineral Resource. 

RNC's initial focus will be to improve confidence in the historical high-grade intersections with the objective of defining a Mineral Resource for mine evaluation. This will be driven in tandem with results from the paleochannel which overlies the primary mineralization. Highlights of historical drill intersection1 gold results from the primary mineralization are listed below (see Alacer Gold Corp. news release, March 26, 2013):

  • JUPR037: 234.0 g/t over 2 m downhole from 90 m
  • JUPR025: 39.2 g/t over 2 m downhole from 64 m
  • JUPR031: 4.2 g/t over 17 m downhole from 54 m
  • JUPR030: 4.7 g/t over 7m downhole from 70 m
  1. Estimated true widths are 60%-70% of downhole widths.

Figure 4: Jupiter Long Section looking West; Note: Longsection is based on Alacer’s news release dated March 26, 2013 (CNW Group/RNC Minerals)

Paleochannel Deposits at Higginsville

Paleochannel gold deposits comprise both ancient placer gold, normally near the base of the channel-fill sequences, and chemically precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie, or are adjacent to, primary mineralized zones within Archaean bedrock. At Jupiter, the primary mineralization, discovered by Alacer in 2012, begins approximately 50 metres below surface and is associated with a north-south steeply dipping shear structure hosted within Paringa basalt (Figure 4). Mineralization is associated with tensional quartz-(chlorite-carbonate) veining and sulphides (pyrite) with visible gold occurring in some intersections. The structure is variably mineralized for over 1 km of strike.

Compliance Statement (JORC 2012 and NI 43-101)

The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Stephen Devlin, FAusIMM, Vice-President Exploration & Growth, Salt Lake Mining Pty Ltd, a 100% owned subsidiary of RNC, a Qualified Person for the purposes of NI 43-101.

At the Higginsville Gold Operation reverse circulation chip sampling was conducted by RNC personnel. Samples are transported to Bureau Veritas Minerals Pty Ltd of Kalgoorlie and Perth for preparation and assaying by 40gram (approx.) fire assay analytical method. Analytical accuracy and precision are monitored by the analysis of duplicates, additional blank material and certified standards inserted in the sample stream. Samples are weighed as received, dried and split to less than 3kg then pulverised by LM-5 to ensure a minimum 90% passing at -75µm.

The historical data referenced in this release has been reviewed under the supervision of Stephen Devlin, Vice-President, VP Exploration & Growth, Salt Lake Mining Pty Ltd, a 100% owned subsidiary of RNC, a Qualified Person for the purposes of NI 43-101, and is supported by relevant monthly exploration reports and historic mineral resource reports which detail the QA/QC procedures used on drill samples and provide analysis of the results of all associated QA/QC samples including blanks, standards (CRM samples), check assays and duplicates.  All drilling from 2004 to present followed industry standard practices, with pre-2004 historic drilling not detailed but assumed to be similar to current practices (sources for such historical drill results are identified where applicable above). A qualified person has not done sufficient work to classify the historical estimates as current mineral resources and RNC is not treating the historical estimates as current mineral resources.

About RNC Minerals

RNC is focused on growing gold production and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations ("HGO") in Western Australia. The Higginsville treatment facility is a low-cost 1.4 Mtpa processing plant which is fed at capacity from RNC's underground Beta Hunt mine and open pit Higginsville mine. At Beta Hunt, a robust gold mineral resource and reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. HGO has a substantial historical gold resource and highly prospective land package totaling approximately 1,800 square kilometers. In addition, RNC has a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec. Dumont contains the second largest nickel reserve and ninth largest cobalt reserve in the world. RNC has a strong Board and management team focused on delivering shareholder value. 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, Higginsville Gold Operation and Dumont Nickel 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.

Cautionary Statement Regarding the Higginsville Mining Operations

A production decision at the Higginsville gold operations was made by previous operators of the mine, prior to the completion of the acquisition of the Higginsville gold operations by RNC and RNC made a decision to continue production subsequent to the acquisition. This decision by RNC to continue production and, to the knowledge of RNC, the prior production decision were not based on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, which include increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that anticipated production costs will be achieved. Failure to achieve the anticipated production costs would have a material adverse impact on the Corporation's cash flow and future profitability. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.

Table 1: RNC Drillholes - Pioneer (December 2019February 29, 2020)


Prospect

Hole

Sub

Interval

From 

(m)

To 

(m)

Downhole

Interval (m)

Estimated

True Width

(m)2.

Au

(g/t)3.

Pioneer One

PORR0127


55.0

58.0

3.0

3.0

0.39

Pioneer One

PORR0128


24.0

27.0

3.0

3.0

1.39

Pioneer One

PORR0129


-

-

-

-

NSA

Pioneer One

PORR0130


49.0

59.0

10.0

10.0

2.52

Pioneer One

PORR0131


19.0

24.0

5.0

5.0

2.03

Pioneer One

PORR0132


-

-

-

-

NSA

Pioneer One

PORR0133


-

-

-

-

NSA

Pioneer One

PORR0134


57.0

59.0

2.0

2.0

1.84

Pioneer One

PORR0135


57.0

59.0

2.0

2.0

1.45

Pioneer One

PORR0136


65.0

72.0

7.0

7.0

2.84

Pioneer One

PORR0137


-

-

-

-

NSA

Pioneer One

PORR0138


57.0

66.0

9.0

9.0

6.68

Pioneer One

PORR0139


61.0

62.0

1.0

1.0

0.13

Pioneer One

PORR0140


72.0

81.0

9.0

9.0

1.0

Pioneer One

PORR0141


50.0

65.0

15.0

15.0

2.04

Pioneer One

PORR0142


67.0

84.0

17.0

17.0

5.36

including

76.0

82.0

6.0

10.0

10.68

Pioneer One

PORR0143


59.0

66.0

7.0

7.0

5.54

Pioneer One

PORR0144


66.0

75.0

9.0

9.0

3.45

Pioneer One

PORR0145


80.0

88.0

8.0

8.0

4.55

Pioneer One

PORR0146


65.0

73.0

8.0

8.0

1.84

Pioneer One

PORR0147


113.0

118.0

5.0

5.0

3.94

Pioneer One

PORR0148


91.0

99.0

8.0

8.0

1.73

Pioneer One

PORR0149


-

-

-

-

NSA

Pioneer One

PORR0150


66.0

67.0

1.0

1.0

1.46

Pioneer One

PORR0151


-

-

-

-

NSA

Pioneer One

PORR0152


-

-

-

-

NSA

Pioneer One

PORR0153


11.0

15.0

4.0

4.0

3.62

Pioneer One

PORR0154


-

-

-

-

NSA

Pioneer One

PORR0155


-

-

-

-

NSA

Pioneer One

PORR0156


66.0

72.0

6.0

6.0

3.84

Pioneer One

PORR0157


24.0

25.0

1.0

1.0

0.17

Pioneer One

PORR0158


32.0

46.0

14.0

14.0

1.41

Pioneer One

PORR0159


-

-

-

-

NSA

Pioneer One

PORR0160


23.0

26.0

3.0

3.0

1.63

Pioneer One

PORR0161


33.0

36.0

3.0

3.0

1.34

Pioneer One

PORR0162


61.0

62.0

1.0

2.0

0.31

Pioneer One

PORR0163


-

-

-

-

NSA

Pioneer One

PORR0164


45.0

52.0

7.0

7.0

0.53

Pioneer One

PORR0165


-

-

-

-

NSA

Pioneer One

PORR0166


100.0

101.0

1.0

1.0

0.1

Pioneer One

PORR0167


81.0

83.0

2.0

2.0

0.1

Pioneer One

PORR0168


104.0

108.0

4.0

4.0

3.36

Pioneer One

PORR0169


27.0

32.0

5.0

5.0

4.09

including

27.0

28.0

1.0

1.0

10.5

Pioneer One

PORR0170


93.0

94.0

1.0

1.0

1.82

Pioneer One

PORR0171


28.0

29.0

1.0

1.0

0.19

Pioneer One

PORR0172


42.0

43.0

1.0

1.0

0.99

Pioneer One

PORR0173


62.0

64.0

2.0

2.0

1.71

Pioneer One

PORR0174


27.0

30.0

3.0

3.0

2.98

Pioneer One

PORR0175


126.0

127.0

1.0

1.0

0.59

Pioneer One

PORR0176


100.0

102.0

2.0

2.0

0.93

Pioneer One

PORR0177


72.0

76.0

4.0

4.0

0.53

Pioneer One

PORR0178


88.0

92.0

4.0

4.0

2.54

Pioneer One

PORR0179


115.0

119.0

4.0

4.0

4.78

Pioneer One

PORR0180


35.0

36.0

1.0

1.0

0.94

Pioneer One

PORR0181


45.0

53.0

8.0

8.0

1.24

Pioneer One

PORR0182


87.0

104.0

17.0

17.0

1.01

Pioneer One

PORR0183


110.0

113.0

3.0

3.0

3.05

Pioneer One

PORR0184


97.0

102.0

5.0

5.0

8.53

including

98.0

100.0

2.0

2.0

15.95

Pioneer One

PORR0185


66.0

74.0

8.0

8.0

1.61

Pioneer One

PORR0186


27.0

28.0

1.0

1.0

1.0

Pioneer One

PORR0186


60.0

78.0

18.0

18.0

3.92

Pioneer One

PORR0187


52.0

56.0

4.0

4.0

3.74

Pioneer One

PORR0188


97.0

98.0

1.0

1.0

2.15

Pioneer One

PORR0189


65.0

72.0

7.0

7.0

1.37

Pioneer One

PORR0190


56.0

58.0

2.0

2.0

0.86

Pioneer One

PORR0191


60.0

67.0

7.0

7.0

2.31

Pioneer One

PORR0192


80.0

88.0

8.0

8.0

1.91

Pioneer One

PORR01931.


-

-

-

-

NSA

Pioneer One

PORR01941.


-

-

-

-

NSA

Pioneer One

PORR01951.


-

-

-

-

NSA

Pioneer One

PORR01961.


-

-

-

-

NSA

Pioneer One

PORR01971.


-

-

-

-

NSA

Pioneer One

PORR01981.


-

-

-

-

NSA

Pioneer One

PORR0199


34.0

36.0

2.0

2.0

1.83

Pioneer One

PORR0200


71.0

74.0

3.0

3.0

1.17

Pioneer One

PORR02011.


-

-

-

-

NSA

Pioneer One

PORR02021.


-

-

-

-

NSA

Pioneer One

PORR02031.


-

-

-

-

NSA

Pioneer One

PORR02041.


-

-

-

-

NSA

Pioneer One

PORR02051.


-

-

-

-

NSA

Pioneer One

PORR0206


54.0

55.0

1.0

1.0

0.76

Pioneer One

PORR0207


31.0

35.0

4.0

4.0

0.27

Pioneer One

PORR0208


107.0

108.0

1.0

1.0

1.04

Pioneer One

PORR0209


64.0

76.0

12.0

12.0

2.37

Pioneer One

PORR0210


56.0

59.0

3.0

3.0

2.59

Pioneer One

PORR0211


80.0

92.0

12.0

12.0

1.26

Reported gold grades > 0.1g/t Au over 1m; NSA - no significant results (<0.1g/t Au)

1. Waste dump sterilisation holes

2. True widths approximate downhole widths

3. Uncut gold assays

 

Table 2: RNC Drillholes – Baloo (March 2020)


Prospect

Hole

sub

interval

From

(m)

To

(m)

Downhole

Interval

(m)

Estimated

True Width

(m)

Au (g/t)1.

Baloo

BLOR0044


21.0

27.0

6.0

3.0

5.47

Baloo

including

22.0

24.0

2.0

2.0

11.7

Baloo

BLOR0045


-

-

-

-

NSA

Baloo

BLOR0046


-

-

-

-

NSA

Baloo

BLOR0047


0.0

2.0

2.0

2.0

3.54

Baloo

BLOR0048


16.0

18.0

2.0

2.0

7.29

Baloo

including

17.0

18.0

1.0

1.0

13.2

Baloo

BLOR0049


27.0

28.0

1.0

0.7

24

Reported gold grades > 0.1g/t Au over 1m; NSA - no significant results (<0.1g/t Au)

1. Uncut gold assays

 

Table 3: Alacer Gold Corp - Selected Historical Results from Jupiter prospect, 2012/13 Drilling
(Alacer Gold Corp. news release, March 26, 2013)


Prospect

Hole 

sub

interval

From

(m)

To 

(m)

Downhole

Interval

(m)

Estimated

True Width

(m)1.

Au (g/t)3.

Jupiter

JUPR001


62.0

69.0

7.0

4.6

6.2

Jupiter

JUPR007


49.0

52.0

3.0

2.0

2.3

Jupiter

JUPR008


108.0

109.0

1.0

0.7

7.7

Jupiter

JUPR021


166.0

167.0

1.0

0.7

13.4

Jupiter

JUPR025


64.0

66.0

2.0

1.3

39.3

Jupiter

JUPR030


70.0

77.0

7.0

4.6

4.7

Jupiter

JUPR031


54.0

71.0

17.0

11.1

4.2

Jupiter2

JUPR037


90.0

92.0

2.0

1.3

234

Jupiter

JUPR038


65.0

67.0

2.0

1.3

9.0

Jupiter

JUPR044


138.0

140.0

2.0

1.3

5.6

1.

True widths are 60 - 70% of downhole widths (65% used)

2.

Screen fire assay

3.

Uncut gold assays

 

Table 4: S2 Resources Ltd - Selected Historical Results from Baloo deposit, 2015/16/17 Drilling


Prospect

Hole

sub 

interval

From

(m)

To

(m)

Downhole

Interval

(m)

Estimated

True Width

(m)1.

Au (g/t)2.

Baloo

SPD0100


125.20

132.80

7.6

7.6

8.35

Baloo

SPD0101


111.50

121.30

9.8

9.8

4.97

Baloo

SPD0349


399.00

410.90

11.9

11.9

1.30


413.75

414.65

0.9

0.9

44.10

Baloo

SPD0351


263.00

269.00

6.0

6.0

2.23


282.00

290.40

8.4

8.4

1.63

Baloo

SPD0352


369.00

376.00

7.0

7.0

2.36


378.75

384.20

5.5

5.5

3.30

Baloo

SPD0353


303.15

306.30

3.2

3.2

3.45

Baloo

SPD0358


303.9

315.8

11.9

11.9

1.32


349

354.7

5.3

5.3

1.12

Baloo

SPBC0258


106.00

114.00

8.0

8.0

5.14

1. True widths approximate downhole widths

2. Uncut gold assays

 

Table 5 : RNC Drillholes - Pioneer (December 2019February 29, 2020) and Baloo (March 2020)


Prospect

Hole ID

MGA

Easting

(m)

MGA

Northing

(m)

Elevation

(m)

Azi

Dip

(deg)

Total

Depth

(m)

Pioneer

PORR0126

375,136

6,475,514

293

270

-60

38

Pioneer

PORR0127

375,130

6,475,496

293

270

-60

72

Pioneer

PORR0128

375,109

6,475,475

293

270

-60

63

Pioneer

PORR0129

375,131

6,475,476

293

270

-60

48

Pioneer

PORR0130

375,110

6,475,456

293

270

-60

63

Pioneer

PORR0131

375,129

6,475,456

292

270

-60

32

Pioneer

PORR0132

375,101

6,475,435

292

270

-60

57

Pioneer

PORR0133

375,122

6,475,436

292

270

-60

30

Pioneer

PORR0134

375,120

6,475,415

292

270

-60

68

Pioneer

PORR0135

375,124

6,475,400

292

270

-60

75

Pioneer

PORR0136

375,131

6,475,360

292

270

-60

78

Pioneer

PORR0137

375,125

6,475,340

292

270

-60

80

Pioneer

PORR0138

375,110

6,475,320

292

270

-60

78

Pioneer

PORR0139

375,109

6,475,298

292

270

-60

82

Pioneer

PORR0140

375,099

6,475,261

291

270

-60

84

Pioneer

PORR0141

375,079

6,475,240

292

270

-60

78

Pioneer

PORR0142

375,100

6,475,240

291

270

-60

84

Pioneer

PORR0143

375,060

6,475,200

292

270

-60

72

Pioneer

PORR0144

375,076

6,475,200

291

270

-60

88

Pioneer

PORR0145

375,098

6,475,200

291

270

-60

98

Pioneer

PORR0146

375,065

6,475,160

291

270

-60

84

Pioneer

PORR0147

375,089

6,475,160

291

270

-60

136

Pioneer

PORR0148

375,087

6,475,140

291

270

-60

126

Pioneer

PORR0149

375,132

6,475,175

291

270

-60

110

Pioneer

PORR0150

375,105

6,475,716

295

270

-60

96

Pioneer

PORR0151

375,149

6,475,715

295

270

-60

96

Pioneer

PORR0152

375,101

6,475,751

296

270

-60

96

Pioneer

PORR0153

375,136

6,475,751

295

270

-60

96

Pioneer

PORR0154

375,150

6,475,751

295

270

-60

96

Pioneer

PORR0155

375,164

6,475,750

295

270

-60

120

Pioneer

PORR0156

375,174

6,475,635

294

270

-60

90

Pioneer

PORR0157

375,110

6,475,556

293

270

-60

84

Pioneer

PORR0158

375,136

6,475,555

293

270

-60

60

Pioneer

PORR0159

375,109

6,475,515

293

270

-60

60

Pioneer

PORR0160

375,115

6,475,516

293

270

-70

96

Pioneer

PORR0161

375,110

6,475,475

292

270

-70

96

Pioneer

PORR0162

375,123

6,475,476

292

270

-70

126

Pioneer

PORR0163

375,090

6,475,416

292

270

-60

30

Pioneer

PORR0164

375,109

6,475,415

292

270

-60

54

Pioneer

PORR0165

375,134

6,475,360

291

270

-60

114

Pioneer

PORR0166

375,140

6,475,360

291

270

-70

156

Pioneer

PORR0167

375,134

6,475,321

291

270

-55

132

Pioneer

PORR0168

375,135

6,475,321

291

270

-65

168

Pioneer

PORR0169

375,060

6,475,241

291

270

-60

60

Pioneer

PORR0170

375,115

6,475,241

291

270

-60

166

Pioneer

PORR0171

375,015

6,475,139

291

270

-60

36

Pioneer

PORR0172

375,030

6,475,140

291

270

-60

60

Pioneer

PORR0173

375,047

6,475,141

291

270

-70

110

Pioneer

PORR0174

375,017

6,475,120

291

270

-70

48

Pioneer

PORR0175

375,105

6,475,160

291

272

-61

170

Pioneer

PORR0176

375,100

6,475,140

291

272

-61

166

Pioneer

PORR0177

375,039

6,475,120

291

273

-70

96

Pioneer

PORR0178

375,058

6,475,120

291

271

-71

156

Pioneer

PORR0179

375,077

6,475,119

291

274

-71

156

Pioneer

PORR0180

375,001

6,475,061

292

276

-61

36

Pioneer

PORR0181

375,030

6,475,061

292

273

-60

90

Pioneer

PORR0182

375,065

6,475,061

291

270

-60

120

Pioneer

PORR0183

375,121

6,475,200

291

274

-61

114

Pioneer

PORR0184

375,115

6,475,220

291

269

-61

105

Pioneer

PORR0185

375,114

6,475,260

291

271

-56

132

Pioneer

PORR0186

375,082

6,475,280

291

269

-71

120

Pioneer

PORR0187

375,092

6,475,300

291

272

-71

132

Pioneer

PORR0188

375,120

6,475,300

291

271

-70

168

Pioneer

PORR0189

375,135

6,475,401

292

271

-61

108

Pioneer

PORR0190

375,111

6,475,436

292

271

-71

96

Pioneer

PORR0191

375,150

6,475,576

293

271

-71

96

Pioneer

PORR0192

375,166

6,475,576

293

269

-70

132

Pioneer

PORR01931.

374,570

6,475,820

299

266

-61

60

Pioneer

PORR01941.

374,607

6,475,825

298

266

-61

60

Pioneer

PORR01951.

374,651

6,475,821

298

270

-61

60

Pioneer

PORR01961.

374,690

6,475,822

297

274

-61

60

Pioneer

PORR01971.

374,721

6,475,821

297

276

-61

60

Pioneer

PORR01981.

374,557

6,475,657

297

270

-60

60

Pioneer

PORR0199

375,011

6,475,000

292

270

-61

66

Pioneer

PORR0200

375,028

6,475,000

292

271

-71

114

Pioneer

PORR02011.

374,418

6,475,337

297

275

-61

60

Pioneer

PORR02021.

374,454

6,475,338

296

273

-60

60

Pioneer

PORR02031.

374,501

6,475,340

296

270

-60

60

Pioneer

PORR02041.

374,543

6,475,342

296

268

-61

60

Pioneer

PORR02051.

374,580

6,475,342

295

269

-61

60

Pioneer

PORR0206

375,087

6,474,700

292

272

-61

100

Pioneer

PORR0207

374,960

6,474,841

293

271

-61

140

Pioneer

PORR0208

375,041

6,474,840

292

272

-61

140

Pioneer

PORR0209

375,124

6,474,842

292

271

-60

140

Pioneer

PORR0210

375,007

6,474,921

293

272

-61

75

Pioneer

PORR0211

375,049

6,474,920

292

271

-65

155

Baloo

BLOR0044

392,774

6,480,610

258

90

-85

36

Baloo

BLOR0045

392,774

6,480,610

258

90

-70

40

Baloo

BLOR0046

392,774

6,480,610

258

90

-55

54

Baloo

BLOR0047

392,783

6,480,620

258

90

-85

36

Baloo

BLOR0048

392,783

6,480,620

258

270

-85

54

Baloo

BLOR0049

392,783

6,480,620

258

270

-75

42

1. Waste dump sterilisation holes

 

Table 6: Alacer Gold Corp - Selected Historical drill holes from Jupiter prospect, 2012/13 Drilling


Prospect

Hole ID

MGA

Easting

(m)

MGA

Northing

(m)

Elevation

(m)

Azi

Dip

(deg)

Total

Depth

(m)

Jupiter

JUPR001

383080

6483301

279

270

-60

150.0

Jupiter

JUPR007

383079

6483281

280

270

-60

140.0

Jupiter

JUPR008

383080

6483380

280

270

-60

140.0

Jupiter

JUPR021

382908

6483580

279

90

-60

216.0

Jupiter

JUPR025

383032

6483752

279

270

-70

162.0

Jupiter

JUPR030

383041

6483729

279

270

-60

124.0

Jupiter

JUPR031

383022

6483750

279

270

-70

100.0

Jupiter

JUPR037

383044

6483712

279

270

-60

126.0

Jupiter

JUPR038

383044

6483691

278

270

-60

132.0

Jupiter

JUPR044

383058

6483687

278

240

-57

144.0

 

Table 7: S2 Resources Limited - Selected Historical Drill Holes from Baloo Deposit, 2015/16/17 Drilling


Prospect

Hole ID

MGA

Easting

(m)

MGA

Northing

(m)

Elevation

(m)

Azi

Dip

(deg)

Total

Depth

(m)

Baloo

SPD0100

392910

6480840

262

270

-60

175.6

Baloo

SPD0101

392890

6480800

262

270

-60

173.9

Baloo

SPD0349

393100

6480620

262

270

-70

444.9

Baloo

SPD0350

393000

6480880

262

270

-70

306.7

Baloo

SPD0351

393040

6480800

262

270

-70

327.8

Baloo

SPD0352

393080

6480660

262

270

-70

411.8

Baloo

SPD0353

393040

6480740

262

270

-70

357.9

Baloo

SPD0358

393028

6480620

262

270

-70

393.8

Baloo

SPBC0258

392870

6480860

262

270

-60

123.0

 

RNC Minerals (CNW Group/RNC Minerals)

SOURCE RNC Minerals

Copyright 2020 Canada NewsWire

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