Limited Restart of Mining Now Well Underway - Development Sufficiently Advanced to Allow Mining Below Father's Day Vein During May RNC Minerals today announced that the purchase option agreement entered into on March 26, 2019 with Westgold Resources Ltd. for its Higginsville Mill and Gold Mining Operations has been extended until May 12, 2019, to [...]
Gold mineralization has now been extended by over 150 metres to the north of the existing Western Flanks resource . Broad zones of mineralization with significant gold intersections have been identified outside the current resource. Key intersections : WFN-071 – 16.8 g/t over 27.8 m including 748 g/t over 0.53 m WFN-015 – 4.5 g/t over [...]
Minerals is pleased to announce that it has closed its previously announced bought deal financing of 24,490,000 common shares of the Company , at a price of $0.49 per Common Share , for gross proceeds to the Company of $12,000,100 . The Offering was underwritten on a "bought deal" basis by a syndicate of underwriters, co-led by Haywood Securities [...]
RNC will host a call/webcast on March 28 at 10:00 a.m. to discuss 2018 results. North American callers please dial: 1-888-231-8191, international callers please dial: 647-427-7450. For the webcast of this event click [here] . RNC Minerals announces its financial results and review of activities for the year and quarter ended December 31, 2018. All [...]
Minerals is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Haywood Securities Inc. and Cantor Fitzgerald Canada Corporation , pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 24,490,000 common shares of the Company , at a price of $0.49 per Common [...]
RNC Minerals is pleased to announce that it has entered into a purchase option agreement with Westgold Resources Ltd.for its Higginsville Gold Operation. The acquisition of the Higginsville operations and its modern, low cost 1.3 Mtpa gold mill would provide a key piece of RNC's strategy to unlock the significant potential of its Beta Hunt gold [...]
RNC Minerals is pleased to announce it will be displaying a collection of "Father's Day Vein" gold specimens at the 2019 PDAC Convention taking place over the March 3-6, 2019 period at the Metro Toronto Convention Centre. The specimens will be on display at the Investors Exchange, Booth #2549 in the South Building, Level 800. In September 2018 [...]
RNC Minerals has implemented changes to its Board of Directors to enhance its performance and that of the company going forward. Effective immediately, Paul Andre Huet, who joined the RNC Board on November 18, 2018, will assume the role of Executive Chairman of the Company. As Executive Chairman, Mr. Huet will take an active role working with [...]
2018 Gold Mined Production Increased by 99% to 73,801 Ounces Further confirmation of Lunnon Sediment potential to generate high grade coarse gold. Key intersections : Second high-grade intersection at Western Flanks – 395.9 g/t over 4.75 m in hole WFN-063 High grade intersection at north end of A Zone – 468 g/t over 0.21 m in hole [...]
RNC Minerals is pleased to announce it will be displaying the recently-discovered "Father's Day Vein" gold specimens, which it believes are among the largest of their kind ever unearthed, at the Tucson Gem and Mineral Show® from February 14-17, 2019. According to TGMS, this is the largest, oldest and most prestigious gem and mineral show in the [...]
First drilling at Western Flanks to test sediment layer further illustrates potential of sediment to generate high grade coarse gold – intersected 1,017 g/t over 2.00 metres including 7,621 g/t over 0.27 metres in hole WFN-029 A Zone drilling targeting sediment layer and shear near Father's Day Vein intersected 119.37 g/t over 6.4 metres [...]
RNC Minerals is pleased to announce that the syndicate of underwriters of its previously announced "bought deal" financing, led by Haywood Securities Inc., and including Laurentian Bank Securities Inc., BMO Capital Markets, Canaccord Genuity Corp., and Macquarie Capital Markets Canada Limited and Red Cloud Klondike Strike Inc. as selling agent [...]