RNC recovers 56.3 oz gold from high-grade Hand of Faith deposit
TORONTO (miningweekly.com) – TSX-listed Royal Nickel Corporation (RNC) has recovered 56.3 oz of gold from a 150.6 kg sample of ore taken from the Hand of Faith (HOF) deposit at its 66%-owned Beta Hunt mine, in the Kambalda mining district of Australia.
The ore graded 1.16% gold, whereby 11 626 g/t gold was associated with an intersection in historical drill hole BE20-44 grading 455.9 g/t gold over 0.8 m including 1 000 g/t gold over 0.3 m.
RNC advised that the balance of the ore from this area was blended in with run-of-mine ore and processed through its existing toll milling arrangement. The company continued to explore opportunities to process higher volumes of high-grade ore in a dedicated processing circuit.
“The processing of this material highlights the potential of the bonanza grade drill hole intersection areas to be significant, low-cost contributors to gold production at Beta Hunt,” the company stated Thursday.
Further to the 56.3 oz of refined gold produced from selected HOF ore, 23.8 kg of high-quality ore was reserved for sale as specimen stone. Specimen stone commanded a premium to the gold price on the market. The gold content of this material was assessed by specific gravity testing at 71 oz.
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