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RNC Minerals

RNC Minerals displaying 'Father's Day Vein' gold specimens at Tucson gem show

The company holds a 100% interest in the producing Beta Hunt gold mine in Western Australia

Map of Western Australia
The Beta Hunt gold mine lies in Western Australia

RNC Minerals (TSE:RNX) (OTCMKTS:RNKLF) is displaying its recently-discovered "Father's Day Vein" gold specimens at the Tucson Gem and Mineral show, the Toronto-based company said in a statement.

The company holds a 100% interest in the producing Beta Hunt gold mine in Western Australia where this significant high-grade gold discovery was made and announced last September.

READ: RNC Minerals hails latest drill results from Beta Hunt, which show potential for further high grade discoveries

According to the Tucson show, the gathering is the largest, oldest and most prestigious gem and mineral show in the world.

Father's Day vein discovery

The Father's Day Vein discovery was made by RNC, which has yielded more than 25,000 ounces of gold worth over C$40 million, including what the firm believes are among the largest gold specimens ever unearthed, including King Henry containing 1,402 ounces, Warren containing 893 ounces, and several other spectacular high-grade specimens.

RNC is currently completing a 40,000-meter drill program on near mine exploration targets focused on the Father's Day Vein area, the results of which will be included in an updated NI 43-101 resource estimate and mine plan targeted for the second quarter of 2019.

Contact Giles at [email protected]

Quick facts: RNC Minerals

Price: $0.44

Market: TSX
Market Cap: $241.9 m
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RNC Minerals confident there's plenty more high-grade gold at Beta Hunt

Mark Selby, chief executive of RNC Minerals (TSE:RNX) (OTCMKTS:RNKLF), caught up with Proactive London's Andrew Scott at Mines and Money 2018. RNC's begun 40,000 meters of drilling at the gold mine in Australia. Three drills are now operating and Selby says the work is scheduled to be...

on 28/11/18

2 min read

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