Royal Road Miner - RRDMF STOCK NEWS

Royal Road Minerals has provided an exploration update for its operations in Saudi Arabia. The company has relinquished its Al Miyah tender to focus on expanding drilling activities at the Jabal Sahabiyah project. The project, consisting of three exploration licenses covering 284 square kilometers, shows promising copper, gold, and polymetallic mineralization. Key developments include the identification of eight prospect areas, with initial focus on the Jabal Muwayqirah gossan and Hanash South prospect. Drilling is expected to commence in Q1 2025, with rock samples showing significant gold (up to 7.5 g/t), silver (up to 423 ppm), copper (up to 5.0%), and zinc (up to 30%) values.

Royal Road Minerals has received all drilling permits for its Alouana copper-gold polymetallic project in Morocco. The project, covering 84 square kilometers, is held through a 50-50% joint venture with MIDU Company. The area features 45 historic mining sites with no previous drilling conducted. Sampling has revealed impressive mineral content, with up to 21% copper, 5.9 g/t gold, and 493.8ppm silver. The company plans approximately 2000 meters of scout exploration drilling across four principal areas: Open Pit Zone (OPZ), Hill Top Zone (HTZ), Vein-Breccia Zone (VBZ), and Eastern Breccia Zone (EBZ).

Royal Road Minerals announces that its 50% owned Saudi Arabian joint-venture company, Royal Road Arabia (RRA), has qualified for the Kingdom's Exploration Enablement Program. This program provides reimbursement of up to USD $2 million in exploration costs per exploration license. The qualification applies to RRA's Jabal Sahabiyah project, which includes three contiguous exploration licenses.

The Exploration Enablement Program (EEP) is designed to support exploration efforts over exploration licenses within their first five years, focusing on Greenfields sites. It allows for reimbursement of various exploration-related costs, including 25% of total drilling costs, 15% of talent and labour costs (up to USD $400,000), 70% of total local salary costs within the first 2 years (up to USD $400,000), and up to USD $1 million per license for geochemical analyses and other geoscience-related costs.

Royal Road Minerals (TSXV: RYR) has entered into a binding letter of intent (LOI) with Carbomine SARL for an option to acquire 100% of the Lalla Aziza copper mine in Morocco. Lalla Aziza is an underground mine located 90km southwest of Marrakesh, with sulphide ore mined from shear-hosted sheeted-sulphides, vein-stockworks, and breccia up to 12 meters wide. The mine operates with a cut-off grade of 2.5% copper.

Royal Road plans to conduct mapping, geochemical sampling, and drill-testing by early 2025. The LOI includes a USD$50,000 payment, a 120-day exclusive exploration period, and an option to acquire the license for USD$1,500,000 after completing a minimum 2000-meter drilling program. Additional terms include future payments and a 2.5% net smelter royalty upon commercial production.

Royal Road Minerals (TSXV: RYR) has announced results from infill soil geochemical sampling at its Alouana copper-gold project in Morocco. The sampling has extended and connected the Hilltop Zone (HTZ) westward to the Open Pit Zone (OPZ), expanding near-surface potential. The project area covers 84 square kilometers with over 40 historic copper-gold polymetallic workings.

Key highlights:

• Soil sampling refined anomalies for drilling targets
• HTZ extended westward, connecting with OPZ
• 2000-meter scout drilling program planned
• Drill permitting process underway
• Rock samples returned up to 21% copper and 5.9 g/t gold

The company aims to test the continuity of shallow-dipping mineralization from the OPZ to the HTZ, as well as vein-breccia bodies in other zones.

Royal Road Minerals announced that its Saudi Arabian joint-venture company, Royal Road Arabia (RRA), has won the bid for the Al-Miyah copper-gold exploration area. The Al-Miyah area comprises three contiguous exploration licenses covering 234 km² in the Asir Province. Historic exploration identified promising mineralized zones with copper and gold content. RRA plans to invest USD $3.9 million in exploration over the next two years, with the potential for financial reimbursement from Saudi programs.

The company intends to carry out detailed mapping, soil sampling, and advanced drone-based scanning to identify drill targets by the end of 2024. RRA's exploration will leverage Saudi Arabia's financial assistance schemes, which support the mining sector as part of the Vision 2030 initiative.

CEO Dr. Tim Coughlin highlighted the significance of this opportunity and Saudi Arabia's proactive support for mining. The exploration is aimed at uncovering new copper and gold reserves with modern techniques.

Royal Road Minerals (TSXV: RYR) has provided an exploration update on the Jabal Sahabiyah project in Saudi Arabia. The project includes three contiguous licenses totaling 284 square kilometers in the Nabitah-Tathlith belt. Initial fieldwork has focused on two gossans, Jabal Muwayqirah and Hanash North, initially identified in the 1970s. Recent rock-chip samples have shown high copper (up to 5.0%) and gold (up to 7.5 grams per tonne) values. The company plans further structural mapping and grid-based auger soil sampling aiming for drill-testing by the end of 2024.