RNC Minerals Announces 390% Increase in Measured and Indicated Gold Mineral Resource for the Western Flanks Zone at Beta Hunt.

The recently completed resource definition drilling program at Beta Hunt has significantly added to the resource base of the mine by upgrading and extending the mineral resources at Western Flanks. A total of 16,876 metres of drilling in 144 drill holes were completed at Western Flanks during the current grade control, resource definition and exploration drilling program. Mineralization at Western Flanks has now been defined across a 1.2 km strike length and to a depth of 150 to 250 metres below the basalt contact. The increase in resource was achieved at a discovery cost of less than $5 per ounce.

“This increase in resource size is an outstanding result and confirms the exploration potential we always believed existed at Beta Hunt. Today’s 710 koz Measured and Indicated resource with a further 250 koz Inferred resource comes from just over one kilometer of strike length on a single shear complex in the Western Flanks, which we believe represents only a fraction of the mine’s overall potential,” said Mark Selby, President and CEO of RNC Minerals. “I look forward to the results of the remaining 5,000 metres of the current exploration program now underway which will begin testing the other three shears that occur over a potential strike length of more than four kilometres and where gold mineralization has been outlined by historic drilling.”