PRECIOUS METALS

RNC to showcase Kambalda rocks in Ontario

Sought-after specimens from one of world's highest-grade veins at Beta Hunt

Staff Reporter

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RNC announced the discovery of the ‘Father's Day Vein' in September. It believes it is one of the richest gold veins ever found, yielding more than 25,000oz worth more than C$40 million.

Some of the largest specimen rocks ever found would be included in the showcase, including ‘King Henry' containing 1,402oz, ‘Warren' containing 893oz, and several other "spectacular high-grade specimens", the company said.

The gold content of the specimens on display alone is worth $4.4 million.

RNC is displaying the rocks at a private reception at the Royal Ontario Museum on Tuesday.

RNC's Toronto-quoted equity has been on a wild ride of late, doubling on the back of the high-grade discoveries in September to a 12-month high of C$1.18, before falling back to 52c on Friday. The company has a market value of $231.92 million.

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