https://www.miningweekly.com

RNC recovers 56.3 oz gold from high-grade Hand of Faith deposit

21st April 2016

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – TSX-listed Royal Nickel Corporation (RNC) has recovered 56.3 oz of gold from a 150.6 kg sample of ore taken from the Hand of Faith (HOF) deposit at its 66%-owned Beta Hunt mine, in the Kambalda mining district of Australia.

The ore graded 1.16% gold, whereby 11 626 g/t gold was associated with an intersection in historical drill hole BE20-44 grading 455.9 g/t gold over 0.8 m including 1 000 g/t gold over 0.3 m.

RNC advised that the balance of the ore from this area was blended in with run-of-mine ore and processed through its existing toll milling arrangement. The company continued to explore opportunities to process higher volumes of high-grade ore in a dedicated processing circuit.

“The processing of this material highlights the potential of the bonanza grade drill hole intersection areas to be significant, low-cost contributors to gold production at Beta Hunt,” the company stated Thursday.

Further to the 56.3 oz of refined gold produced from selected HOF ore, 23.8 kg of high-quality ore was reserved for sale as specimen stone. Specimen stone commanded a premium to the gold price on the market. The gold content of this material was assessed by specific gravity testing at 71 oz.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.744s - 110pq - 2rq
Subscribe Now