Beta get hunting: major new gold zone discovered in Australia
A major new gold zone has been discovered in Western Australia at the Beta Hunt mine, the third major gold zone at the mine.
Royal Nickel Corporation (RNC) announced the discovery of the now dubbed Fletcher shear zone following a drill hole specifically designed to test this once unknown mineralised zone co funded by the Government of Western Australia as part of the country’s wider Exploration Incentive Scheme.
“The upside exploration potential of Beta Hunt is underscored by the results from the latest drill hole which not only discovered the Fletcher shear zone - the third major gold zone at Beta Hunt - but also returned wider and higher grade intersections than the current block model when it intersected the existing Western Flanks zone,” said Mark Selby, President and CEO of RNC.
Mr Selby also highlights how the location of the new zone will open up huge potential for increasing the company’s gold output.
“Fletcher lies within 300 metres of existing development and has the potential to significantly increase gold resources at Beta Hunt as the structure is similar in width to the existing Western Flanks zone. It also has the potential to extend over 2 km from the Alpha Island Fault to the northwest sub-lease boundary,” said Mark Selby, President and CEO of RNC.
The Exploration Incentive Scheme (EIS) is a State Government initiative that aims to encourage exploration in Western Australia for the long-term sustainability of the State’s resources sector.
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