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RNC Minerals Announces Purchase Option Agreement for Westgold's Higginsville Mill and Mining Operations26.03.2019 | 12:00 Uhr | CNW
RNC will host a call/webcast today at 10:00 a.m. (Eastern Time) to discuss the agreement.
On October 2, 2018 Westgold published its JORC compliant Annual Update of Mineral Resources & Ore Reserves as of June 30, 2018. For HGO, tables 1 and 2 below summarize the update. Table 1: Higginsville Gold Operations Mineral Resource Statement (rounded for reporting)1
Table 2: Higginsville Gold Operations Ore Reserve Statement (rounded for reporting)
Conference Call / Webcast RNC will be hosting a conference call and webcast today (March 26, 2019) beginning at 10:00 a.m. (Eastern time). Live Conference Call and Webcast Access Information: North American callers please dial: 1-888-231-8191 Local and international callers please dial: 647-427-7450 A live webcast of the call will be available through Cision's website at: http://cnw.en.mediaroom.com/events A recording of the conference call will be available for replay for a one week period beginning at approximately 1:00 p.m. (Eastern Time) on March 26, 2019, and can be accessed as follows: North American callers please dial: 1-855-859-2056; Pass Code: 3873824 Local and international callers please dial: 416-849-0833; Pass Code: 3873824 About RNC Minerals RNC has a 100% interest in the producing Beta Hunt gold mine located in Western Australia where a significant high grade gold discovery - "Father's Day Vein" - was recently made. RNC is currently completing a 40,000 metre drill program, the results of which will be incorporated into an updated NI 43-101 compliant Mineral Resource Estimate and mine plan targeted for Q2 2019. Beta Hunt gold resource potential is underpinned by multiple gold shears with gold intersections across a 4km strike length which remain open in multiple directions adjacent to an existing 5km ramp network. RNC also has a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec which contains the second largest nickel reserve and eighth largest cobalt reserve in the world. RNC owns a 33% interest in Orford Mining Corp., a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience. RNC's common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF. Cautionary Statement Concerning Forward-Looking Statements This news release contains "forward-looking information" including without limitation statements relating to the completion of the Purchase Option, production guidance and the potential of the Beta Hunt Mine and Dumont Nickel – Cobalt Project. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com. Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
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