Wednesday, 26 September, 2018

Newsday, Australian gold miners make 'once-in-a-lifetime' discovery

RNC Minerals Two Large Gold Specimens Found In WA Mine
Russell Knight | 13 September, 2018, 11:53

"As I was drilling it, you could see the gold shavings coming out of all the holes and I thought - there's something here".

Speaking with Australia's ABC News, geologist Zaf Thanos heralded the discovery as remarkable, telling the news organisation that most gold discoveries in mines across the world are only visible under a magnifying glass.

The second largest piece of rock they recovered contains an estimated 1,620 ounces of gold.

The biggest one weighs between 200 and 210 pounds and contains more than 2,300 ounces of gold for a worth of about $3 million; the next biggest weighs 139 pounds and contains 1,600 ounces of gold for a worth of around $2 million.

RNC Minerals says the specimens are believed to be some of the biggest in mining history. "I've been an airleg miner for 16 years".

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.

The largest rocks will be auctioned as collector's items, according to the RNC Minerals CEO.

He revealed: "I've seen it in veins, but nothing like this - this was just everywhere".

The largest gold nugget was discovered 500 meters below the surface in an area just three meters wide and three meters high.

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The Beta Hunt mine has been primarily used as a source for nickel since the 1970s.

The rich cluster of high-grade gold has so far produced more than 9000 ounces.

Miners in Western Australia believe they have discovered two huge gold-encrusted rocks that are each estimated to be worth millions of pounds. There was chunks of gold in the face, on the ground, truly unique I reckon.

RNC Minerals adds that last week in the mine near Kalgoorlie produced gold to the amount of 15 million canadian dollars (11 million USA dollars). "I almost fell over looking at it ... we were picking it up for hours".

But now the real question for RNC's owners: To sell or not to sell?

WA's Goldfields has been home to major nuggets, including the famous Golden Eagle, which weighed 1186oz and was found in 1931 at Larkinville, just 40km southwest of Beta Hunt.

"I flip my phone on and find out", he said.

Security has been reinforced at the mine with armed guards on site transporting any and all new discoveries to a secure vault before being shipped to the Perth mint.

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