RNC Minerals announced a new high-grade gold discovery at its Beta Hunt Mine.
Over the past week, approximately 9,250 ounces of high-grade gold was produced from a 44 m3 cut (130 tonnes) on 15 level at the Beta Hunt Mine (equal to over 70 ounces/tonne or 2,200 grams/tonne).
The high-grade gold (coarse gold and large gold-containing specimen stones) includes approximately 190 kg of specimen stone, the largest of which is 95 kg with an estimated gold content of 2,440 ounces and a second large specimen stone of 63kg with an estimated gold content of 1,620 ounces.
Final ounces will be determined once the coarse gold is processed and/or sold over the next week which is expected to yield approximately $16 million in cash. All of the high-grade coarse gold is hand-picked, direct ship ore and immediately sent directly to the Perth Mint.