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Miner's News

Another Big Stash of Gold at Beta Hunt Mine

October 22, 2019

by Scott Harn, Editor/Publisher

It's beginning to sound like a broken record, but miners at the Beta Hunt gold mine near Kambalda in Western Australia unearthed another large mass of gold valued at nearly $5 million ($7 million AUD).

We've reported on their discoveries twice over the past thirteen months, including 9,000 ounces recovered at the underground mine in September 2018 on the day Australia celebrates Father's Day. (Link) The total recovered ballooned to over 30,000 ounces, including many massive gold-quartz specimens.

This was followed up with another discovery of nearly 1,000 ounces of gold and large gold-quartz specimens in June 2019. (Link) Next came a pocket of 1,750 ounces of coarse gold from less than one-half-ton of rock in September 2019.

The latest find (photo above) amounted to around 3,200 ounces.

The company, RNC Minerals, had been considering selling the mine prior to the series of discoveries.

(Disclosure: I own 2,500 shares of RNC Minerals in a retirement account.)

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