HIGH GRADE GOLD STRUCTURES EXTENDED BY 200 METERS FROM FATHER'S DAY VEIN DISCOVERY
Royal Nickel Corp.'s (RNX.T) new exploration drive on the 14 level at its Beta Hunt mine has intercepted and recovered visible coarse gold, providing further proof of concept that the structures containing the Father's Day vein discovery extend 200 metres (25 m up dip and 180 m along strike) above the Father's Day vein discovery (see Royal Nickel news releases dated Sept. 9, Sept. 16 and Sept. 20, 2018). Technical teams at Beta Hunt are applying the model for these high-grade coarse gold structures to historical drilling and mapping, and have identified a number of targets for follow-up with the potential to continue to extend this discovery.
"I am thrilled to provide this update, which extends the sediment structures 200 metres from the Father's Day vein gold discovery in an area adjacent to existing mine infrastructure. This further validates the model that was developed by the hard work and perseverance of the Beta Hunt team. I believe we have only scratched the surface of the high-grade gold potential from this sediment layer, which is a district-scale feature extending across the entire property. With exploration and development ongoing, we will continue to provide timely updates on this very important gold discovery," said Mark Selby, president and chief executive officer of Royal Nickel.
The 14 level exploration drive, based on the current model for development of these high-grade gold structures and review of prior mapping, was developed toward a production stope on the 14 level in which more than 1,000 ounces of high-grade coarse gold and specimen stones were unexpectedly recovered in the second quarter (as the interaction between the pyritic sediment layer and regional gold mineralized shear zones was not as well understood at the time).
Royal Nickel to present at the Denver Gold Forum 2018
Royal Nickel will be participating in the Denver Gold Forum 2018 to be held over the Sept. 23 to Sept. 26, 2018, period in Colorado Springs.
Mark Selby, president and chief executive officer of Royal Nickel, will address conference at 4:30 p.m. MT (6:30 p.m. ET) on Monday, Sept. 24, 2018. The presentation will be recorded and made available for replay by conference organizers beginning 7 a.m. ET on Thursday, Sept. 27.
The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, vice-president, project development, of Royal Nickel, a qualified person under National Instrument 43-101.
About Royal Nickel Corp.
Royal Nickel has a 100-per-cent 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. Royal Nickel also has a 28-per-cent 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. Royal Nickel owns a 35-per-cent interest in Orford Mining Corp., a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the U.S. Carolina gold belt.