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RNC Minerals Beta Hunt Continues to Deliver High-Grade Gold

Mining News - Published on Tue, 22 Oct 2019

Image Source: rncminerals.com
RNC Minerals announced that another high-grade coarse gold discovery has been made at its Beta Hunt Mine in Western Australia. An estimated 3,200 ounces of coarse gold has been recovered from the 15 Level A Zone approximately 30 metres north of the Father's Day Vein that was uncovered last year (see RNC news release dated September 9, 2018). Work was being undertaken in the area in preparation for stope production which is expected to take place late this year or early next year.

Mr Paul Andre Huet; Chairman and CEO, said "This is yet another example of Beta Hunt delivering rich pods of high-grade coarse gold. This high-grade occurrence is within 30 metres of the Father's Day Vein discovery announced last year. We anticipate mining stopes in this encouraging area towards the end of 2019 or early 2020. These high-grade gold occurrences provide additional cash generation beyond what is forecasted by our steady state mine model, which excludes these high-grade zones.”

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Posted By : Rabi Wangkhem on Tue, 22 Oct 2019
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