{"id":996819,"date":"2018-09-10T12:00:04","date_gmt":"2018-09-10T12:00:04","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=996819"},"modified":"2018-09-10T12:00:04","modified_gmt":"2018-09-10T12:00:04","slug":"rnc-minerals-soars-after-striking-gold-in-once-in-a-lifetime-find-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=996819","title":{"rendered":"RNC Minerals soars after striking gold in once-in-a-lifetime find"},"content":{"rendered":"

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

Shares in Canada’s RNC Minerals (TSX: RNX) were off to the races on Monday after the miner revealed it had unearthed more than 9,000 ounces of high-grade gold<\/a> from a single blast over the past few days at its Beta Hunt mine, in Western Australia.<\/p>\n

That’s more than 560 pounds (255kg), or $10 million of gold in just four days, if you were to just cash it in today.<\/p>\n

The gold-encrusted rocks were found about 500 metres below the surface in an area just 3 metres wide and 3 metres high and their discovery is being described as a \u201conce-in-a-lifetime\u201d one.<\/p>\n

RNC Minerals’s shares skyrocketd on the news, trading up more than 80% to 18 Canadian cents in Toronto at 9:30 am ET.<\/p>\n

The largest rock weighs about 198 pounds (90kg) and took three men to lift it onto the back of a pick-up truck. It’s covered in an estimated 2,300 ounces of gold worth about $3.8 million at today’s gold price.<\/p>\n

The second-biggest piece was not far shy at 132 pounds (60kg), with an estimated 1,600 ounces lodged within the quartz specimen, valued at about $2.7 million. And there’s more where that came from.<\/p>\n

\u201cRecovering 9,250 ounces of high grade coarse gold from a single cut on the 15 level at our Beta Hunt mine, including specimens which could rank among the largest ever discovered, underlines the importance of this discovery,\u201d Mark Selby, President and CEO of RNC, said in the statement<\/a>.<\/p>\n

The executive noted than barely eight weeks earlier, at the end of June, 1,500 ounces of high grade gold were recovered from other sediment structures on the 14 and 15 levels. \u201cThese discoveries highlight the high-grade gold potential of Beta Hunt,\u201d Selby said.<\/p>\n

In the June quarter, RNC Minerals mined 13,320 ounces from the mine, which is actually on the market \u2014 the company is trying to find a buyer willing to fund more exploration drilling.<\/p>\n

The miner plans to auction off some of the most impressive specimens.<\/p>\n

More to come\u2026<\/em><\/p>\n

The post RNC Minerals soars after striking gold in once-in-a-lifetime find<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Cecilia Jamasmie Shares in Canada’s RNC Minerals (TSX: RNX) were off to the races on Monday after the miner revealed it had unearthed more than 9,000 ounces of high-grade gold from a single blast over the past few days at its Beta Hunt mine, in Western Australia. That’s more than 560 pounds (255kg), or […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/996819"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=996819"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/996819\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=996819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=996819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=996819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}