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Royal Nickel Corp
Symbol C : RNX
Shares Issued 356,703,588
Close 2018-04-23 C$ 0.25
Recent Sedar Documents

Orford, Royal Nickel move drills to Carolina projects

2018-04-24 07:23 ET - News Release

See News Release (C-ORM) Orford Mining Corp

Mr. David Christie of Orford reports

ORFORD BEGINS DRILLING OF HIGH-QUALITY HAILE MINE-STYLE TARGETS ON ITS CAROLINA GOLD PROPERTIES

Orford Mining Corp. and Royal Nickel Corp. have mobilized drill rigs to begin drilling at their Carolina gold properties in North and South Carolina. Drilling will target high-quality geological and geophysical targets consistent with Haile-gold-deposit-style mineralization as reported in Orford's news release dated March 1, 2018. The first phase of drilling will total approximately 1,400 metres and Orford expects to receive assay results beginning in June.

David Christie, president and chief executive officer of Orford, commented, "We look forward to receiving results from the testing of these promising exploration drilling targets on Orford's very prospective properties in the re-emerging Carolina gold belt."

At the Landrum-Faulkner property, drilling will target multiple parallel zones of sericitic and silicic alteration extending over the entire length of the grid associated with strong IP (induced polarization) anomalies. One of these zones is coincident with a strong 600-metre-long chargeability and resistivity anomaly and extends under a historical surface grab sample occurrence of six grams per tonne gold.

At the Jones-Keystone property drilling will target induced polarization (IP) anomalies extending over the entire 1,100 m length of the grid and associated with possible extensions of historical gold mineralization that includes intersections of 104 m grading 1.27 g/t Au and 54 m grading 1.56 g/t Au. Additionally, drilling will test several coincident chargeability and resistivity anomalies extending over 600 m along strike in the previously undrilled southern portion of the property.

About the Carolina gold properties

Orford has entered into an option agreement with Carolina Gold Resources Inc. to earn a 70-per-cent interest in both the Jones-Keystone and Landrum-Faulkner properties located, respectively, in North Carolina and South Carolina in the southeastern United States. The properties are located in the Carolina gold belt, home to Oceanagold's producing Haile mine (3.7-million-ounce resource at 1.8 g/t Au), and the past-producing Ridgeway mine.

The Jones-Keystone and Landrum-Faulkner properties occur at or near the same regional geological contact as the Haile and Ridgeway mines. At Jones-Keystone, mineralization is exposed at surface and historical drilling has yielded multiple drill hole intercepts in the one to three g/t range including an interval of 1.56 g/t Au over 54 m core length including 3.01 g/t Au over 28 m core length in historical hole JK10-006, and an interval of 1.27 g/t Au over 104 m core length including 3.03 g/t Au over 14 m core length in historical hole JK11-0173,4.

Qualified person

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

The information in this release has been prepared by management of Orford based on current work and available historical information. There is no current report prepared in conformance with NI 43-101. Reference is made to the management information circular dated Sept. 18, 2017, filed on Orford's profile on SEDAR.

About Orford Mining Corp.

Orford Mining is a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the Carolina gold belt in the United States. Orford's principal assets are the Qiqavik and West Raglan projects comprising a land package totalling over 70,000 hectares in the Cape Smith belt of Northern Quebec and properties in the U.S. Carolina gold belt. The Qiqavik project hosts several new high-grade gold discoveries along a mineralized trend in excess of 40 kilometres.

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