Loading ...So I searched Royal Nickel and found this related impressive video, but from Oct 2018. Its strange this old video fits the recent news?
Start:
Talks about the company’s once-in-a-life-time gold find of a boulder with 9000 grams of gold per tonne resulting in a find of 24,000 ounces of gold. The project site was initially purchased as a nickel mine with gold exploration potential and features vertical shears mineralized with gold throughout the property.
The initial discovery will result in approximately $35 million for the company and Royal Nickel announced warrant exercises this week that are expected to raise an additional $8 million for the company’s treasury. In addition, the project’s cost of production is very low because of the high concentrations of gold. As a result, Royal Nickel is now fully financed to continue its exploration and drilling programs.
Profile:
Karora Resources Inc., formerly Royal Nickel Corp., is a Canada-based multi-asset mineral resource company. The Company is focused primarily on the acquisition, exploration, evaluation and development of precious metal properties. It is focused on gold production in Western Australia. The Company’s operations include Beta Hunt Gold Mine and Higginsville Gold Operations (HGO). The Higginsville Gold Operations includes a 1.4 million tons per annum (Mtpa) processing plant, approximately 192 mining tenements including Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge and Mount Henry deposits. The Beta Hunt Mine, located approximately 600 kilometers from Perth in Kambalda, Western Australia, hosts both gold and nickel resources in adjacent discrete mineralized zones.