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Leading News Releases
TORONTO, Oct. 7, 2019 /CNW/ – RNC Minerals (TSX: RNX) (“RNC” or the “Company”) is pleased to announce consolidated gold production of 8,239 ounces for the month of September from its Beta Hunt and Higginsville mines in Western Australia. This is the third month of consistent production following the acquisition of Higginsville and brings total gold production for the third quarter of 2019 to 24,216 ounces. These figures do not include the estimated 1,750 ounces of coarse gold recovered from the Beta Hunt Mine in late September (see RNC news release dated September 24, 2019).
“September gold production of 8,239 ounces continues to demonstrate a strong production rate from our Western Australian assets. We are focused on delivering steady gold production from our two mines and are extremely pleased with this performance following our transformational acquisition of the Higginsville mine and mill in June. Our third quarter results are the direct result of the new team we put in place coupled with our newly outlined gold-focused strategy at RNC, and we look forward to continuing to deliver steady production. I would like to thank our teams at both Beta Hunt and Higginsville for their outstanding performance thus far as we continue to integrate the two operations into one unit. The future looks bright; we need to maintain the momentum and aggressively reduce costs on all levels
Paul Andre Huet, Chairman & CEO,
Material processed during September was mostly comprised of Beta Hunt, Baloo Stage I and a small amount of Mt. Henry stockpile material. The 1,750 ounces of high-grade coarse gold recovered in late September is expected to be included in October production once the gold has been poured into dore bar or sold.
Noble Mineral Exploration Inc. (TSX-V NOB) (“Noble” or “the Company”) today announced its plan to:
•Create the Canada Nickel Company (“Canada Nickel”), which will own a consolidated 100% interest in the Crawford nickel-cobalt sulphide project, and
•Distribute a significant portion of Noble’s interest in Canada Nickel to Noble shareholders and qualify Canada Nickel as a new public entity.
Canada Nickel will be led by Mark Selby, who will be appointed Chairman & CEO. The Company also announced the plan to complete a fully-subscribed $5 million private placement into Canada Nickel, subject to regulatory approval, to fund the cost of the Crawford project consolidation and continue exploration and mineralogical work to advance the project.
“I am delighted to welcome Mark Selby to lead Canada Nickel through the next phases of exploration and development to unlock the massive potential of Crawford.”
“Mark is a recognized leader in the global nickel industry given his experience and network successfully advancing the Dumont nickel project,”
“I am very proud of the team that made the Crawford nickel discovery, which is one of the few nickel discoveries in many years with large scale potential. With the planned consolidation of ownership in Crawford and private placement, Canada Nickel is well-positioned for the next exciting phase of growth and value creation for Noble shareholders.”
Mr. Vance White, President & CEO of Noble.
Mark Selby was most recently President & CEO of RNC Minerals, where he led the development of the Dumont nickel-cobalt project through to a fully permitted, construction ready project. Before RNC Minerals, he held senior management roles at Quadra and Inco and he is recognized as a leading authority on the nickel market.
“I am pleased to lead Canada Nickel and advance Crawford, which is an exciting project. Coupled with the close proximity to significant infrastructure near Timmins, I believe this will allow me to leverage all the experience and insights we learned in advancing Dumont. The timing of this discovery is excellent. We are in a robust nickel market increasingly driven by demand for nickel from the electric vehicle market which will require new nickel projects to be built over the coming decade. I am encouraged by the strong support we have received from a number of new and existing investors who have committed to $5 million in financing which will allow us to execute the next phase of drilling and metallurgical work for the project.”
September 24, 2019 – Beta Hunt Delivers More High-Grade Gold
TORONTO, Sept. 24, 2019 /CNW/ – RNC Minerals (TSX: RNX) (“RNC”) is pleased to announce that additional high-grade coarse gold has been recovered at its Beta Hunt Mine in Western Australia.
An estimated 1,750 ounces of coarse gold has been recovered from 274 kg of rock (see Figure 1)1. The discovery occurred on the 16 Level A Zone, 160 metres south and 25 metres below the Father’s Day Vein discovery and on the same level as the high-grade gold mined in June 2019 (see Figure 2 below for a long section showing main section of A Zone).
“Once again we have encountered an area of high-grade coarse gold in the same geological setting as the Father’s Day Vein. Approximately 20 ounces of gold was expected to be recovered from this area where 1,750 ounces were recovered. This further highlights the potential of the Beta Hunt Mine, demonstrating the significant upside impact these high-grade discoveries can have on operational cash flow generation. We will look to quickly monetize this gold to capitalize on current A$2,250/oz Australian gold prices. This will continue to bolster our already strong treasury position following our recently completed C$18.5mm bought deal financing. While these high-grade discoveries are welcome contributors to our bottom line, we remain squarely focused on our newly outlined cost cutting strategy at both the operational and corporate levels. We invite investors to review our recently updated presentation outlining this strategy on our website.”
Paul Huet, Chairman and CEO of RNC Minerals
September 20, 2019 – Exploration Update – Crawford TwpCommencement of Phase 2 Drilling Program
Toronto, Ontario – September 20, 2019 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSX-V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that ithas been advised by its Option and JV partner Spruce Ridge Resources Ltd (TSX-V SHL) that a 2019 diamond drill program on the Crawford Ultramafic Complex has commenced in order to follow up on previously announced drill and mineralogy results (see News Releases March 4 and June 11, 2019).
The full contents of the Spruce News Release states that Spruce Ridge, with its joint venture partner, a private company controlled by sophisticated investors, has commenced a second phase of diamond drilling on the Crawford nickel property, 40 kilometres north of Timmins, Ontario.
As stated in the Spruce Ridge News Release of March 1, 2019 the Crawford nickel property has been compared to the Dumont nickel project in Quebec. The Nickel and Cobalt grades and density from Crawford drilling to date have been higher than that of Dumont. The Crawford Property also contains measurable amounts of PGE minerals. Read more…