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Royal Nickel Corp
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Royal Nickel drills 15.4 m of 7.09 g/t Au at Beta Hunt

2018-04-10 07:24 ET - News Release

Mr. Mark Selby reports


Royal Nickel Corp. has released additional positive infill and exploration drilling results at its Beta Hunt mine in Western Australia. Results are from the Western Flanks and the A zone extension drilling and relate to the final underground holes of the 2017 campaign, which targeted infilling and down-plunge extensions of the Beta Hunt gold system.

Since Royal Nickel's Oct. 19, 2017, news release, 37 additional underground holes totalling 4,238 metres were completed to the end of December, 2017. Results continue to show good continuity of gold mineralization along strike and at depth. The Western Flanks gold system is now defined over a strike extent of 900 metres and a vertical extent of 250 m, which extends mineralization 150 m below current mine activity and 100 m below the existing resource.

Infill and exploration drilling in 2017 totalled 224 holes and 24,789 m.

"The latest results with a number of large high-grade intersections continue to provide confidence in the continuity and growth potential of Beta Hunt. The growth potential is supported by the 2017 drill campaign, which shows both the Western Flanks and A zone remain open at depth and along strike. All results from the 2017 campaign will be incorporated into an updated resource model expected to be released shortly," said Mark Selby, president and chief executive officer of Royal Nickel.

Western Flanks

This recent drilling comprised 23 infill holes and five exploration holes, the latter targeting down-plunge extensions of the shear-hosted gold mineralization. The most favourable results were received from the infill drill holes, with highlights summarized in the table.

Drill hole          From          To       Interval       True width (1)     Gold (2)
                      (m)         (m)            (m)              (m)        (g/t)

WF18-050           63.80       77.00          13.20            11.74         4.44
including          63.80       66.00           2.20                          6.46
                   72.40       77.00           4.60                          6.77
WF18-055          106.00      113.00           7.00             6.59         7.78
including         106.00      109.20           3.20                         13.96
and               115.50      119.80           4.30             4.04        16.43
including         117.45      117.65           0.20                        324.00
WF18-074           12.00       14.10           2.10             1.88        19.96
including          12.00       13.23           1.23                         33.25
and                28.20       30.72           2.52             1.92        39.17
including          28.20       29.00           0.80                        103.00
WF18-084A           0.75       13.35          12.60            12.50         3.19
including           0.75        2.80           2.05                          6.94
                    6.55        8.40           1.85                          5.68
                   13.10       13.35           0.25                         42.60
WF18-091           17.20       20.40           3.20             2.62        14.05
WF18-092           21.00       36.40          15.40            10.00         7.09
including          21.00       21.70           0.70                         70.70
                   22.50       23.90           1.40                          6.63
                   24.70       33.00           8.30                          4.81
                   34.60        36.4           1.80                          5.37
WF18-093            2.28        4.59           2.31             1.93        21.74

(1) Estimated true width.
(2) All gold assays uncut.

A zone extension

Nine infill holes (872 m) were drilled to test the continuity of mineralization below the active mine area. The A zone extension is the southern extent of the main A zone lode mined farther to the north. Results confirm continuity of mineralization, though higher grades appear limited to narrow, north-plunging shoots. The most favourable results from the drilling are summarized below in the table.


Drill hole          From          To       Interval       True width (1)     Gold (2)
                      (m)         (m)            (m)              (m)        (g/t)

WFE17-42           45.40       47.80           2.40             2.37         4.92  
WFE17-56           63.60       65.80           2.20             1.88        14.53 

(1) Estimated true width.
(2) All gold assays uncut.

Compliance statement (JORC 2012 and National Instrument 43-101)

The technical information in this news release relating to results at the Beta Hunt mine is based on information reviewed by Steve Devlin, who is a member of the Australian Institute of Mining and Metallurgy. Mr. Devlin is a full-time employee of Salt Lake Mining Pty. Ltd. and has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration and to the activity which he is undertaking, to qualify as a competent person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results.

Drill core sampling was conducted by SLM personnel. Samples are shipped to SGS Mineral Services of Kalgoorlie for preparation and assaying by 50-gram fire assay analytical method. First sample of each sample submission incorporates a barren rock sample as a flush to clean the lab crusher and pulverizer and as a check for contamination. Analytical accuracy and precision are monitored by the analysis of insertion of additional blank material and certified standards. The lab is also required to undertake a minimum of one in 20 wet screens on pulverized samples to ensure a minimum 90 per cent passing at minus 75 micrometres.

The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, director, mining operations of Royal Nickel, a qualified person under NI 43-101.

About Royal Nickel Corp.

Royal Nickel is a multiasset mineral resource company with a portfolio of gold and base metal production and exploration properties. Royal Nickel's principal assets are the producing Beta Hunt gold and nickel mine in Western Australia, a 50-per-cent interest in a nickel joint venture with Waterton that holds the Dumont nickel project in the Abitibi region of Quebec, and a 30-per-cent stake in the producing Reed mine in the Flin Flon-Snow Lake region of Manitoba, Canada.

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