PRECIOUS METALS

RNC to show off Beta Hunt rocks in Ontario

SOME of the highest-grade gold ore specimens discovered by RNC Minerals at its Beta Hunt mine in Kambalda will go on display at the Royal Ontario Museum on Tuesday.

Staff reporter
RNC Minerals will display some of the highest-grade gold specimens ever discovered

RNC Minerals will display some of the highest-grade gold specimens ever discovered

RNC announced the discovery of the ‘Father's Day Vein' in September. It believes it is one of the richest gold veins ever found, yielding more than 25,000oz worth more than C$40 million.

Some of the largest specimen rocks ever found would be included in the showcase, including ‘King Henry' containing 1402oz, ‘Warren' containing 893oz, and several other "spectacular high-grade specimens", the company said.

The gold content of the specimens on display alone is worth $4.4 million.

RNC is displaying the rocks at a private reception at the Royal Ontario Museum on Tuesday.

RNC's Toronto-quoted equity has been on a wild ride of late, doubling on the back of the high-grade discoveries in September to a 12-month high of C$1.18, before falling back to 52c on Friday. The company has a market value of $231.92 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.