17:43:02 EDT Thu 21 Mar 2019
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Royal Nickel Corp
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Royal Nickel begins 40,000 m of drilling at Beta Hunt

2018-11-28 08:42 ET - News Release

Mr. Mark Selby reports


Royal Nickel Corp. (RNC Minerals) has taken a number of steps to focus its efforts on unlocking the high-grade gold potential of the Beta Hunt mine.

Mark Selby, president and chief executive officer of RNC, commented: "We are now positioned to unlock Beta Hunt's tremendous potential, through drilling and development focused on high-grade coarse gold areas in both of the newly discovered sediment layers that host our Father's Day vein discovery and the high-grade coarse gold found adjacent to the mine's nickel deposits. RNC's technical services team has recently completed its initial interpretation of the sediment layer in the much larger Western Flanks shear (relative to the A zone where the Father's Day vein was discovered) providing a second, larger target area to potentially find more high-grade coarse gold in close proximity to our existing infrastructure. I look forward to continuing to mine more high-grade gold through 2019 and completing the exploration and development work to provide the foundation for a larger, more robust and profitable mining operation."

Beta Hunt high-grade potential

RNC has initiated a 40,000-metre drill program focused on expanding the known coarse gold areas while expanding and increasing confidence in the bulk tonnage shear-hosted resource. Three drills are now currently operating. The first phase of the drilling campaign is expected to be completed by April, 2019, with a resource update anticipated for the second quarter of 2019.

Underground development will also be completed to provide access to the newly discovered sediment layers, support current and future exploration programs, and facilitate production of coarse gold using smaller scale mining methods. Small-scale production from the A zone -- 14 and 15 Level and the Father's Day vein structure will continue through 2019. Beta Hunt's gold resource potential is underpinned by multiple gold shears with gold intersections across a four-kilometre strike length which remains open in multiple directions adjacent to the existing five km ramp network.

In order to focus on high-grade coarse gold production and deliver the first phase of the exploration plan, the company has temporarily ramped down its bulk production mining to allow it to adequately drill off the main shear zone resources and complete an updated resource estimate.

A zone (Father's Day vein/sediment layer)

The first drill is targeting the expansion and drill definition of the sediment layer in the shear zone associated with the Father's Day discovery in the A zone area of the Beta Hunt mine where the majority of the coarse gold production has occurred in 2018. Drilling will step out along strike and both above and below dip of the known discovery area following the pyritic sediment horizon in the Lunnon basalt, which has currently been identified over a strike length of 540 metres and remains open in all directions.

Western Flanks -- high-grade zone (sediment layer)

The geology team has recently undertaken a review of the drilling completed in 2017 and identified a sediment layer intersected in close proximity to the much larger Western Flanks shear. A total of four holes from 2017 drilling have intersected the sediment layer. The current interpretation indicates a strike length of 230 metres that remains open in all directions.

An indication of the potential for higher grades at depth in Western Flanks was highlighted by one of the deeper holes drilled to date -- previously reported WF18-028 in Western Flanks which intersected a grade of 7.09 grams per tonne Au over 21 metres (including 31.6 g/t Au over 0.3 metre and 56.1 g/t Au over 0.5 metre). The newly interpreted sediment is approximately 60 m north of this drill hole.

The second drill has been located at the northern end of the Western Flanks shear targeting definition drilling of the main shear and the recently identified sediment layer.

The third drill will be used for two purposes: tight infill drilling in the sediment zones and resource infill drilling of the main shear zones.

South side of Alpha Island fault -- high-grade potential

The first phase of exploration, focused initially on the north side of the Alpha Island fault, represents only a portion of the high-grade potential of the Beta Hunt mine.

Exploration drilling planned for later in 2019 will target the southern side of the Alpha Island fault where the majority of the previous nickel mining was undertaken. This includes areas where RNC has already mined high-grade coarse gold in five different locations. As well, the south side of the Alpha Island fault contains a large number of intersections from historic drilling over a 45-year period throughout the mine (largely targeting nickel and not gold) that intersected high-grade gold. The Beta Hunt property contains 18 intersections with gold grades of over 300 g/t and a total of 46 intersections with gold grades of over 100 g/t further highlighting Beta Hunt's high-grade potential.

The scale in this oblique view varies. The distance from the north end to the south end of the workings is approximately four km.

See the attached table for a full list of historic drilling intercepts of over 100 g/t.

Drill hole      From       To    Downhole interval (m) (1) Grade Au (g/t)

BE19-292      258.45   258.52                    0.07             23,760
BE22-184        6.55     6.74                    0.19              2,584
KD714W2       132.77   132.87                    0.10              1,200
BE20-44        37.20    37.50                    0.30              1,000
KD734         537.20   537.30                    0.10              1,000
WF14-12       206.80   207.10                    0.30                923
BE19-292      164.10   164.20                    0.10                836
BE20-44        69.20    69.50                    0.30                790
KD713W2       279.63   279.70                    0.07                790
BE18-38         9.95    10.40                    0.45                698
BE17-157       95.05    95.25                    0.20                471
BE20-157      141.55   142.20                    0.65                466
BE20-43        24.90    25.35                    0.45                447
AZ12-009       94.30    95.30                    1.00                356
WF18-055      117.45   117.65                    0.20                324
HS13-65       276.35   277.35                    1.00                322
BE19-43        26.40    26.70                    0.30                320
HS11-30         1.80     1.96                    0.16                307
BE18-64         8.00     8.90                    0.90                290
HS12-68        27.40    27.70                    0.30                250
EA50-053       37.69    37.93                    0.24                227
KD646         579.25   580.25                    1.00                225
BE18-212      123.00   124.07                    1.07                219
BE17-353      105.30   106.08                    0.78                211
LD40894W3     265.10   266.10                    1.00                205
HS10-126       12.30    13.00                    0.70                201
BE19-129       53.15    53.30                    0.15                154
BE19-129       30.00    30.20                    0.20                139
BE18-21        12.40    13.45                    1.05                132
BE20-44        65.40    66.40                    1.00                132
BE20-44        37.50    38.00                    0.50                129
HS16-47       102.40   102.50                    0.10                129
BE17-144      144.40   144.60                    0.20                128
BE17-247       15.26    15.62                    0.36                127
BE17-212      107.05   107.80                    0.75                126
BE17-214       45.05    45.35                    0.30                126
BE19-443       23.00    24.00                    1.00                125
BE17-218       12.40    13.20                    0.80                125
BE19-133        7.90     8.72                    0.82                123
HS11-72        15.00    16.00                    1.00                120
HS11-63         8.95     9.10                    0.15                115
BE21-124       29.20    30.20                    1.00                107
BE20-224       29.00    30.00                    1.00                104
HS10-59         1.62     2.00                    0.38                104
KD3012        602.15   602.29                    0.14                104
WF18-074       28.20    29.00                    0.80                103

(1) Downhole core lengths, true widths have not been determined.


Compliance statement (National Instrument 43-101)

The disclosure of scientific and technical information contained in this news release has been approved by Alger St-Jean, vice-president, exploration, of RNC, a qualified person under National Instrument 43-101.

About Royal Nickel Corp.

RNC 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. RNC has initiated a 40,000-metre drill program on near mine exploration targets focused on the Father's Day vein area, results of which will be incorporated into an updated NI 43-101-compliant mineral resource estimate targeted for Q2 2019. Beta Hunt gold resource potential is underpinned by multiple gold shears with gold intersections across a four km strike length which remain open in multiple directions adjacent to an existing five km ramp network. RNC 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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