Royal Road Minerals Provides Exploration Update, Lalla Aziza Copper Project, Kingdom of Morocco
Royal Road Minerals (TSXV: RYR) has provided an update on its exploration activities at the Lalla Aziza copper project in Morocco. The company entered into an Option Agreement with Carbomine SARL in December 2024 to potentially acquire 100% of the mining license.
The underground copper mine, located 90km southwest of Marrakesh, features sulphide ore in shear-hosted vein stockworks and breccia up to 12 meters wide. Recent sampling revealed significant results, including underground channel samples yielding 4 meters at 5.3% copper and best gold grades of 3 meters at 1.1 grams per tonne gold.
Royal Road plans to commence up to 2000 meters of drilling at Lalla Aziza. The agreement terms include initial payments of USD$250,000, with additional payments of USD$1.5M upon transfer of ownership, annual fees of USD$300,000, USD$2.5M upon feasibility study completion, and a 2.5% net smelter return royalty upon commercial production.
Royal Road Minerals (TSXV: RYR) ha fornito un aggiornamento sulle sue attività di esplorazione presso il progetto di rame Lalla Aziza in Marocco. L'azienda ha stipulato un Accordo di Opzione con Carbomine SARL nel dicembre 2024 per potenzialmente acquisire il 100% della licenza mineraria.
La miniera di rame sotterranea, situata a 90 km a sud-ovest di Marrakech, presenta minerali solforati in vene a stockwork e breccia fino a 12 metri di larghezza. I recenti campionamenti hanno rivelato risultati significativi, tra cui campioni di canale sotterranei che hanno fornito 4 metri al 5,3% di rame e i migliori gradi d'oro di 3 metri a 1,1 grammi per tonnellata di oro.
Royal Road prevede di iniziare fino a 2000 metri di perforazione a Lalla Aziza. I termini dell'accordo includono pagamenti iniziali di 250.000 USD, con ulteriori pagamenti di 1,5 milioni di USD al trasferimento della proprietà, commissioni annuali di 300.000 USD, 2,5 milioni di USD al completamento dello studio di fattibilità e una royalty del 2,5% sul ritorno netto della fusione al momento della produzione commerciale.
Royal Road Minerals (TSXV: RYR) ha proporcionado una actualización sobre sus actividades de exploración en el proyecto de cobre Lalla Aziza en Marruecos. La empresa firmó un Acuerdo de Opción con Carbomine SARL en diciembre de 2024 para adquirir potencialmente el 100% de la licencia minera.
La mina de cobre subterránea, ubicada a 90 km al suroeste de Marrakech, cuenta con mineral de sulfuro en venas de stockwork y brechas de hasta 12 metros de ancho. Muestreos recientes revelaron resultados significativos, incluyendo muestras de canal subterráneas que arrojaron 4 metros al 5.3% de cobre y los mejores grados de oro de 3 metros a 1.1 gramos por tonelada de oro.
Royal Road planea comenzar hasta 2000 metros de perforación en Lalla Aziza. Los términos del acuerdo incluyen pagos iniciales de 250,000 USD, con pagos adicionales de 1.5 millones de USD al transferir la propiedad, tarifas anuales de 300,000 USD, 2.5 millones de USD al completar el estudio de viabilidad, y una regalía del 2.5% sobre el retorno neto de la fundición al momento de la producción comercial.
로얄 로드 미네랄스 (TSXV: RYR)는 모로코의 라라 아지자 구리 프로젝트에서 탐사 활동에 대한 업데이트를 제공했습니다. 이 회사는 2024년 12월 카르보마인 SARL과 옵션 계약을 체결하여 채굴 라이센스의 100%를 잠재적으로 인수할 수 있습니다.
지하 구리 광산은 마라케시에서 남서쪽으로 90km 떨어진 곳에 위치하며, 최대 12미터 너비의 전단 호스트 광맥과 브레치아에서 황화 광석을 특징으로 합니다. 최근 샘플링에서는 지하 채널 샘플에서 4미터에 5.3% 구리와 3미터에 1.1그램의 금을 포함한 유의미한 결과가 나타났습니다.
로얄 로드는 라라 아지자에서 2000미터의 시추를 시작할 계획입니다. 계약 조건에는 250,000 USD의 초기 지불과 소유권 이전 시 150만 USD의 추가 지불, 연간 300,000 USD의 수수료, 타당성 조사 완료 시 250만 USD, 상업 생산 시 2.5%의 순 제련소 수익 로열티가 포함됩니다.
Royal Road Minerals (TSXV: RYR) a fourni une mise à jour sur ses activités d'exploration au projet de cuivre Lalla Aziza au Maroc. La société a signé un Accord d'Option avec Carbomine SARL en décembre 2024 pour potentiellement acquérir 100% de la licence minière.
La mine de cuivre souterraine, située à 90 km au sud-ouest de Marrakech, présente des minerais sulfureux dans des veines à stockwerk et des brèches allant jusqu'à 12 mètres de large. Des échantillonnages récents ont révélé des résultats significatifs, y compris des échantillons de canaux souterrains donnant 4 mètres à 5,3% de cuivre et les meilleures teneurs en or de 3 mètres à 1,1 gramme par tonne d'or.
Royal Road prévoit de commencer jusqu'à 2000 mètres de forage à Lalla Aziza. Les conditions de l'accord incluent des paiements initiaux de 250 000 USD, avec des paiements supplémentaires de 1,5 million USD lors du transfert de propriété, des frais annuels de 300 000 USD, 2,5 millions USD à l'achèvement de l'étude de faisabilité, et une redevance de 2,5% sur le retour net de fusion lors de la production commerciale.
Royal Road Minerals (TSXV: RYR) hat ein Update zu seinen Erkundungsaktivitäten im Kupferprojekt Lalla Aziza in Marokko gegeben. Das Unternehmen hat im Dezember 2024 einen Optionsvertrag mit Carbomine SARL abgeschlossen, um potenziell 100% der Bergbaulizenz zu erwerben.
Die unterirdische Kupfermine, die 90 km südwestlich von Marrakesch liegt, weist sulfidisches Erz in scherengestützten Ganglagerstätten und Brekzien mit einer Breite von bis zu 12 Metern auf. Jüngste Probenahmen ergaben signifikante Ergebnisse, darunter unterirdische Kanalsamples, die 4 Meter mit 5,3% Kupfer erbrachten und die besten Goldgehalte von 3 Metern mit 1,1 Gramm pro Tonne Gold.
Royal Road plant, bis zu 2000 Meter Bohrungen in Lalla Aziza zu beginnen. Die Bedingungen des Vertrags beinhalten eine anfängliche Zahlung von 250.000 USD, zusätzliche Zahlungen von 1,5 Millionen USD bei Eigentumsübertragung, jährliche Gebühren von 300.000 USD, 2,5 Millionen USD nach Abschluss der Machbarkeitsstudie und eine 2,5% Nettoroyalty bei kommerzieller Produktion.
- High-grade copper mineralization with samples up to 21.9% copper
- Significant gold presence with grades up to 3.0 g/t
- Option to acquire 100% ownership of the mining license
- Existing underground infrastructure with three levels over 150m vertical interval
- No previous exploration drilling conducted in the license area
- Substantial future payments required to complete the acquisition
- Project requires additional permitting for planned drilling program
Toronto, Ontario--(Newsfile Corp. - April 2, 2025) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to provide an update of exploration activities at its Lalla Aziza copper project in Morocco.
The Lalla Aziza copper mine is owned by Moroccan mining company, Carbomine SARL ("Carbomine"). In December 2024, Royal Road entered into an Option Agreement (the "Agreement") with Carbomine, which provides the Company with an option to acquire
Lalla Aziza is an underground copper-mine located in Morocco's Western High Atlas, approximately 90 kilometers southwest of Marrakesh (see Figure 1). Sulphide ore (principally chalcopyrite; see Figure 2) is mined from shear-hosted vein- (dolomite) stockworks and breccia, up to 12 meters wide and from three underground levels over a vertical interval of 150 meters. Whole ore is shipped for sale at a cut-off grade of
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The mine area is located at the southwestern extent of Carbomine's mining license area (see Figure 1). The mineralized shear-hosted vein-stockworks and breccia are nucleated on or close to carbonaceous schist and dolomite horizons and extend in a northeast direction across the license area for approximately 4 kilometers strike length. There is evidence for syn-mineralization sill-like intrusive bodies emplaced on or close to the shear zone. No previous exploration drilling has been conducted on the license area.
Royal Road has conducted geological mapping, underground and surface rock-chip and channel sampling and portable XRF (pXRF) soil sampling across the Lalla Aziza license area. Detailed findings are presented in Figures 1 and 3. The target concept at Lalla Aziza is a potential open-pit starter incorporating current workings, shear-controlled repeats and extensions in the footwall; immediate down-dip underground extensions below the current-level of the Lalla Aziza mine and folded repeats beneath the hangingwall to the southeast.
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88 underground channel samples from 27 separate channels at Lalla Aziza have returned best results of 4 meters at
Royal Road is planning to commence up to 2000 meters of drilling at Lalla Aziza and has located drill holes subject to permitting.
Summary terms of the Agreement are as follows:
- Royal Road have paid to Carbomine the sum of USD
$50,000 upon execution of an initial Letter of Intent (superseded by the Agreement) - Upon execution of the Agreement, Royal Road have paid to Carbomine the sum of USD
$200,000 - Royal Road have committed to conducting a drilling program at Lalla Aziza, with total aggregate meters dependent upon results and entirely at the discretion of Royal Road
- On or before the date being 60 days after the completion of the drilling program, or fourteen days following receipt of all the relevant and final geochemical analyses to the satisfaction of Royal Road (whichever date is later). Royal Road shall have the right to exercise the option to acquire
100% legal and beneficial ownership of the Carbomine mining licence and all mineral interests on the licence area from Carbomine, provided that upon full and unencumbered transfer of legal ownership of the mining licence to Royal Road, Royal Road shall pay to Carbomine the sum of USD$1,500,000 - Upon the anniversary of the date on which Royal Road is registered as the legal and beneficial owner of the mining licence, RRM shall pay an annual fee of US
$300,000 t o Carbomine until the drawdown of project finance for a Bankable Feasibility Study - Upon the completion of the first Bankable Feasibility Study on the mining license and the drawdown of project finance for the purpose of such Bankable Feasibility Study, Royal Road shall pay Carbomine the sum of USD
$2,500,000 - Upon commencement of commercial production from the mining license, Carbomine shall be granted a net smelter return royalty of
2.5% in total (applicable to all mineral or metallic product extracted and recovered from the mining license) in respect of production from the license
About Royal Road Minerals:
Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The Company currently explores in the Kingdoms of Saudi Arabia, Morocco and in Colombia. More information can be found on the Company's website www.royalroadminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Royal Road Minerals Ltd and a qualified person as defined by National Instrument 43-101
Cautionary statement:
This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking statements") describing the Company's future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's business or in the mineral resources industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-Looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about, among other things, future economic conditions and courses of action, and assumptions related to government approvals, and anticipated costs and expenditures. The words "plans", "prospective", "expect", "intend", "intends to" and similar expressions identify forward looking statements, which may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-Looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only on the date they are made. There is no guarantee that the anticipated benefits of the Company's business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed from time to time in the Company's filings with Canadian provincial securities regulators or other applicable regulatory authorities. Forward-Looking statements included herein are based on the current plans, estimates, projections, beliefs and opinions of the Company management and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
Quality Assurance and Quality Control:
Sample preparation and analyses are conducted according to standard industry procedures at certified laboratories. Channel-chip samples were taken from continuous chisel cut channels of at-least 1cm depth. Samples were taken as continuous chips over 1m intervals. Samples were bagged in the field and sent to ALS Seville for analysis of gold by fire assay with an ICP-AES finish (method Au-ICP22) and multielements by four acid digest ICP-MS (method ME-MS61). QAQC materials included CRMs, blanks and duplicates inserted into sample batches on a ration of 1:10.
Contact
Jessica Martins
Royal Road Minerals Limited
info@royalroadminerals.com
+44 1534 887166
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FAQ
What are the key copper grades reported from Lalla Aziza mine (RRDMF)?
How much will Royal Road Minerals pay to acquire the Lalla Aziza project?
What is the planned drilling program for Lalla Aziza by Royal Road Minerals?
What are the gold grades discovered at the Lalla Aziza project?
