RNC Minerals announces multiple high-grade gold and copper intersections at the Esperance Zone on Orford Mining's Qiqavik Property
Thursday, Nov 16, 2017
RNC Minerals (TSX: RNX) ("RNC") is pleased to announce that Orford Mining Corporation (TSX-V: ORM) (55% owned by RNC) has received the outstanding base metal assay results from the summer 2017 drilling and prospecting program on its 100% controlled Qiqavik Project in northern Quebec. Results show that high-grade copper is associated with the gold mineralization intersected in drilling at the Esperance West Zone and previously reported in RNC's news release of October 30, 2017.

Highlights from the new results include:

    • 2.37 g/t Au and 2.19% Cu over 7.0m core length in QK-17-022, including  5.58g/t Au and 3.06% Cu over 1.0m
    • 1.58 g/t Au and 1.28% Cu over 7.1m core length in QK-17-021, including      3.62 g/t Au and 2.04%Cu over 1.1m.
David Christie, President and CEO of Orford, commented, "We are very encouraged by these new results, which highlight the polymetallic nature of the western portion of the Qiqavik trend. At current prices, these new copper results more than double the gold equivalent grades of the mineralization intersected in these holes at Esperance West, yielding gold equivalents of up to 6.1g/t over 7m core length. These results further support the tremendous potential of this new gold belt located in a previously unexplored region of Canada."

Multi-element results from holes QK-17-017, -019, -020, -021, -022, -028 and -029, and from 116 grab samples that were noted as pending in Orford Mining's news release dated October 26, 2017 have been received. A summary of significant new copper assays is presented below. A table of the complete results can be accessed at Table 2. Note that drill intervals reported in this news release are down-hole core lengths as true thicknesses cannot be determined with available information. Also note that grab samples are selective by nature and values reported may not be representative of mineralized zones.

These new drilling results continue to support the subsurface extent of the structures and the Au-Cu-Co mineralization discovered at Esperance West.

Work completed during the 2017 program demonstrates that gold and copper is associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone, which extends the full 40 km length of the Qiqavik Property. Geological data indicate that gold mineralization at Qiqavik is structurally controlled and associated with porphyry intrusions in places. Typically, in structurally controlled gold deposits, the intensity of mineralization varies along the length of the structures with ore shoots focused in zones of dilation. Orford is currently analyzing airborne magnetic and field mapping data collected during the summer 2017 program to identify and locate sites of dilation along structures that were active at the time of gold mineralization in order to target significant gold mineralization accumulations.

The Qiqavik Break is part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia.

Esperance

At Esperance, drilling has outlined two Au-Cu-Co sulphide-rich mineralized zones, Esperance and Esperance West, that extend over a known strike length of 300m and 650m respectively (Figure 2; see also Orford Mining news release dated October 26, 2017). New copper results in drilling from Esperance West include 2.37 g/t Au and 2.19% Cu over 7.0m core length in QK-17-022, including 5.58g/t Au and 3.06% Cu over 1.0m, and 1.58 g/t Au and 1.28% Cu over 7.1m core length in QK-17-021, including 3.62 g/t Au and 2.04%Cu over 1.1m. Holes QK-17-021 and QK-17-022 were drilled from the same set-up on the same section. The intersection in QK-17-022 is approximately 20 m down-dip from the intersection in QK-17-021.

The polymetallic mineralized trend continues West of Esperance along the Qiqavik Shear Zone where the new Horizon discovery has yielded 5.67 g/t Au and 0.38% Cu over 0.9m in a channel sample at a distance of 1.8 km west of QK-17-021 and -022.

About RNC Minerals

RNC is a multi-asset mineral resource company with a portfolio of gold and base metal production and exploration properties. RNC's principal assets are the producing Beta Hunt gold and nickel mine in Western Australia, a 50% interest in a nickel joint venture with Waterton that holds the Dumont Nickel Project in the Abitibi region of Quebec, and a 30% stake in the producing Reed Mine in the Flin Flon-Snow Lake region of Manitoba, Canada. Through its majority stake in Orford Mining Corporation (TSX-V: ORM), RNC also has interests in the West Raglan and Qiqavik projects in Northern Quebec and properties in the U.S. Carolina Gold Belt. RNC has a strong management team and Board with over 100 years of mining experience at Inco and Falconbridge. RNC's common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF.

For more information, please visit: http://www.rncminerals.com

Member Profiles

Featured Profile

Featured Profile

Featured Videos

Featured Case Studies