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Solid Production Performance for RNC Minerals September Gold Production of 8,239 oz

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Solid Production Performance for RNC Minerals September Gold Production of 8,239 oz

 

 

 

 

 

RNC Minerals (TSX: RNX) 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).

 

Paul Andre Huet, Chairman & CEO, commented: “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

 

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.

 

About RNC Minerals

 

RNC is currently focused on the integration of its Beta Hunt Gold Mine with its recently acquired Higginsville Gold Operation in Western Australia. The robust Beta Hunt gold mineral resource is underpinned by multiple gold shears with gold intersections along a 4 km strike length which remains open in multiple directions. The gold mineral resource is adjacent to an existing 5 km ramp network. RNC has a 100% interest in HGO, which is comprised of a low cost 1.4 Mtpa gold mill and a substantial portfolio of gold tenements. In addition, RNC has a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec. Dumont contains the second largest nickel reserve and ninth largest cobalt reserve in the world. RNC also owns a 24% interest in Orford Mining Corporation, a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec. RNC has a strong Board and management team focused on delivering shareholder value.

 

Posted October 7, 2019

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