RNC Minerals gold strike sends stock soaring

Mae Love
September 13, 2018

"To give people context ... out of about your living room, we pulled out $15 million worth of gold", he said.

The largest specimen weighs in at 90kg and took three men to lift it onto the back of a ute.

"These discoveries highlight the high-grade gold potential of Beta Hunt", Selby said.

The finding also included an additional large specimen stone of 63 kilograms with an estimated gold content of 1,620 ounces.

"There's been a massive amount of interest, which is great because we always believed Beta Hunt had a massive amount of potential".

The Beta Hunt Mine, located 600 km from Kambalda, is a deposit with a very rare feature of hosting both nickel and gold resources in adjacent discreet mineralized zones.

"Given the significance of this discovery to the exploration potential and value of Beta Hunt, RNC has chose to consider all alternatives, including a sale", RNC said in the statement.

AN underground mine in WA's Goldfields has produced what its owner believes are two of the biggest gold specimens in recorded history in what has been described as a "once-in-a-lifetime" discovery.

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"It was unbelievable and I've never seen it before in my life".

The haul was found by Canadian company RNC Minerals, who said the find was worth about £9 million.

It contained 190kg of specimens including two unique stones which weighed 95kg and 63kg, respectively, with final estimates of 2440oz and 1620oz of gold within them.

The second piece is valued at $2.7 million, with an estimated 1,600 ounces of gold.

"Everything was covered in dust, and as I watered the dirt down there was just gold everywhere, as far as you could see", Dole told ABC Australia.

Previous bonanza grade specimen stone occurrences at Beta Hunt, says the company, were associated with the nickel-sulphide bearing contact between the Lunnon Basalt and the overlying Kambalda Komatiite, where RNC and previous operators have mostly mined nickel. "I've been an airleg miner for 16 years. I almost fell over looking at it... we were picking it up for hours".

As a result of the find, security has been enhanced at the mine, with armed guards transporting the gold to a secure vault.

The largest rocks will be auctioned as collector's items, according to the RNC Minerals CEO. We'll target our drilling to see whether we can unearth more.

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