9/24 Slides Updates discloses and emphasizes there is more to come, not a one-off and model well understood.
Assuming C$2.22/sh is the PE 1 equivalent having these resources, they better not sell anything - or only Beta Hunt for a higher price like C$4+.
Presentation for today is online: http://www.rncminerals.com/download/RNC+Corporate+Presentation+-+24-Sept-2018-DGG_FINAL.pdf
Updates since 9/11 Slides:
- Pyritic Interflow sediment horizon over 4 km of strike length
- Majority of specimen stone discovered on south side of Alpha Island Fault
- Specimen stone found in two areas now – nickel/sediment horizon and pyritic sediment
- Hand of Faith “HOF” specimens recovered in early 2016 are more than 3km away, along strike and on a different shear than Fathers Day Vein discovery
- 9650oz -> 24000oz estimate
- A Zone 15 Level – Initial Discovery
- Extracted estimated 9,640* oz of refined gold - ~$16 million dollars in 4 days (Now estimated to be 24,000 ounces from entire area)
- *Note: Gold Recovery is on-going and total amount recovered will be determined in about 2-6 Weeks (still)
- Note: Gold Recovery is on-going and total amount recovered will be determined in about 9/25 - 10/23 (still)
p14 new: Beta Hunt – Upper/Lower Lunnon Basalt Pyritic Sediment; Layer Interaction with Gold Shears
- A preliminary model to understand these high grade gold structures at the Beta Hunt Mine has been developed and will be further refined as additional exploration and development continues.
- Preliminary Simplified Structural model, showing Pyritic Sediments interface with A Zone & Western Flanks
p16 new: Western Flanks – High Grade Coarse Gold Potential; Pyritic Sediment Horizon Already Intersected
- Expectation of bonanza gold in the zone where shear/pyritic sediments interact