Gold

Canadian Minerals Agency Upgraded to Purchase on ‘Encouraging’ Preliminary Drill Outcomes

A Haywood report reviewed current knowledge from this Australian asset.

In a analysis word dated January 23, analyst Pierre Vaillancourt introduced that Haywood was growing its advice on RNC Minerals (RNX: TSX) to amass from Maintain after the discharge of "encouraging" outcomes from the preliminary train of Beta Hunt and full report in mid-February.

This new Australian gold mission knowledge covers a complete of 46 drill holes, Vaillancourt mentioned. Twenty-seven of those, totaling three,416 meters (three,416 meters) from Space A, have been concentrating on the sediment layer and shear close to the top quality vein of Father's Day found within the fall of 2018. The opposite 19 holes, protecting 2,350 meters of the Western Flanks space, focused the sediment layer.

Total, the outcomes present that "mineralization extends alongside shear zones in touch with the sedimentary marker layer within the Lunnon basaltic unit," Vaillancourt mentioned.

Drilling in Zone A reached mineralization at 7 m beneath the vein Father's Day. The utmost interception is 119.four grams per tonne (119.four g / t) of gold over 6.four m, of which 1 406 g / t gold over zero.5 m.

Drilling within the Western Flanks zone intersected 1,017 g / t gold over 2 m, together with 7,621 g / t gold over zero.27 m, indicating the presence of 39, one other high-grade vein. Low grade gold assays ranged from four to six g / t in basalt, suggesting that there’s potential for broader and decrease gold mineralization just like that of Zone A.

Vaillancourt concludes that gold mineralization might prolong in each zones "over at the very least 2 km of the shear construction in touch with the sedimentary layer, to a thickness of 5 to 20 m for the western flanks and from three to eight m alongside zone A. "

RNC will proceed drilling at Beta Hunt, with the objective of filling and increasing the assets of Western Flanks and A.

Haywood has a goal value of CA $ zero.75 per share on RNC Minerals. The corporate is at present buying and selling at roughly C $ zero.63 per share.

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Disclosures by Haywood Securities, RNC Minerals, January 24, 2019

Haywood Securities, or sure of its associates, could every now and then obtain a portion of any commissions or different charges arising from industrial transactions or financing by different associates on the coated safety. Haywood analysts are salaried staff who’re more likely to obtain a efficiency bonus that may be derived, partially, from company finance revenues.

Haywood Securities, Inc. and Haywood Securities (USA) Inc. have widespread leaders. Nevertheless, none of those widespread managers impacts or doesn’t management the rankings assigned to a selected issuer. The issuer would be the focus of Analysis's protection. As well as, the Firm maintains and applies written insurance policies and procedures designed to stop any affect on the actions of affiliated analysts.

Analyst Certification: I, Pierre Vaillancourt, hereby certify that the views expressed on this report (which embrace the ranking assigned to the issuer's actions in addition to the analytical content material and tone of the report ) precisely mirror my private views in regards to the securities in query and the issuer. No a part of my / our compensation has been, is, or might be straight or not directly associated to the precise suggestions.

Vital Disclosures

Among the many corporations included within the report, the next Vital Disclosures:
▪ Haywood Securities, Inc. reviewed the pilot tasks of Atlantic Gold Company, Roxgold Inc. and RNC Minerals. A part of the price of this journey has been reimbursed by the issuer.

▪ Haywood Securities, Inc. or a member of its group has managed or co-managed or participated as a gross sales group in a public providing of securities for RNC Minerals up to now 12 months.

▪ Haywood Securities, Inc. or a member of its group has acquired compensation for its funding banking enterprise from RNC Minerals within the final 24 months.

One other vital battle of curiosity of the analysis analyst, which the analysis analyst or Haywood Securities Inc. is aware of or has motive to know on the time of the publication or public look: n / a

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