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Royal Nickel discovers 3rd gold mineralization at Beta Hunt nickel-gold mine

Royal NickelCorp. said July 6 that it has discovered a third significant goldzone at its BetaHunt nickel-gold mine in Western Australia.

The mineralization was named the Fletcher shear zone. It wasintersected by drill hole WF14-98 specifically designed to test this unknownarea. It intersected two distinct lodes containing over 24 meters of goldmineralization grading over 2 g/t of gold.

Lode A returned results of 8.9 meters of 2.67 g/t of goldfrom 716.6 meters, including 3.1 meters at 3.1 g/t of gold from 716.6 meters,with 1.0 meter at 6.5 g/t of gold from 718.0 meters, and 4.4 meters at 3.1 g/tof gold from 722.4 meters.

Lode B returned 15.8 meters of 2.32 g/t of gold from 736.5meters, including 6.8 meters at 3.8 g/t of gold from 739.1 meters, with 1.1meters of 7.4 g/t of gold from 744.8 meters.