TSX-listed base and precious metals miner Royal Nickel Corporation RNC Minerals (RNC) has entered into a purchase agreement to acquire the Spargos Reward gold project, in Western Australia.
Spargos Reward contains a historical Joint Ore Reserves Committee-compliant indicated mineral resource estimate of 785 800 t at a grade of 4.4 g/t. The project also has an inferred resource of 151 000 t at a grade of 4.0 g/t.