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Royal Nickel Corp
Symbol C : RNX
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Close 2018-10-19 C$ 0.83
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Royal Nickel moves first drill to Beta Hunt

2018-10-22 08:32 ET - News Release

Mr. Mark Selby reports


The first mobile diamond drill has arrived at site and underground drill crews have started the gold exploration program at Royal Nickel Corp.'s Beta Hunt mine near Kambalda, Western Australia.

The objective of the program is to expand upon the Father's Day vein high-grade gold discovery at the A zone area of the Beta Hunt mine. Drilling will step out both along strike and dip both above and below the known discovery area following the pyritic sediment horizon in the Lunnon basalt. Understanding the depositional model for this new gold mineralization provides potential for future exploration and discovery of additional high-grade gold material at the sediment contact, which has previously been intersected along two of the main gold-bearing shears at A zone and Western Flanks located at the Beta Hunt mine.

"With the arrival of the first drill at site during the past week, exploration activities will begin to ramp up as part of an aggressive exploration campaign. The geology team is continuing to advance their work on understanding the sediment structures with the potential for additional high-grade coarse gold. The high-grade gold potential of the mine remains largely unexplored," said Mark Selby, president and chief executive officer of Royal Nickel.

Mr. Selby continued, "Third quarter production results will be released this week, later than originally expected, due to delays in final outturns from the large volumes of coarse gold processed."

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.

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