Royal Road Minerals Receives All Requisite Drilling Permits: Alouana Copper-Gold Polymetallic Project, Kingdom of Morocco
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 ha ricevuto tutti i permessi di perforazione per il suo progetto policomponente di rame-oro Alouana in Marocco. Il progetto, che si estende su 84 chilometri quadrati, è gestito attraverso una joint venture al 50% con la MIDU Company. L'area presenta 45 siti minerari storici senza alcuna perforazione precedente. Campionamenti hanno rivelato un contenuto minerale impressionante, con fino a 21% di rame, 5.9 g/t di oro e 493.8 ppm di argento. La società prevede circa 2000 metri di perforazione esplorativa in quattro aree principali: Open Pit Zone (OPZ), Hill Top Zone (HTZ), Vein-Breccia Zone (VBZ) e Eastern Breccia Zone (EBZ).
Royal Road Minerals ha recibido todos los permisos de perforación para su proyecto polimetálico de cobre-oro Alouana en Marruecos. El proyecto, que abarca 84 kilómetros cuadrados, se lleva a cabo a través de una empresa conjunta al 50% con la compañía MIDU. La zona cuenta con 45 sitios mineros históricos sin ninguna perforación previa. Los muestreos han revelado un impresionante contenido mineral, con hasta 21% de cobre, 5.9 g/t de oro y 493.8 ppm de plata. La empresa planea aproximadamente 2000 metros de perforaciones de exploración en cuatro áreas principales: Open Pit Zone (OPZ), Hill Top Zone (HTZ), Vein-Breccia Zone (VBZ) y Eastern Breccia Zone (EBZ).
로얄 로드 미네랄즈는 모로코에 있는 알루아나 구리-금 다중 금속 프로젝트에 대한 모든 시추 허가를 받았습니다. 이 프로젝트는 84 제곱킬로미터에 걸쳐 있으며, MIDU 회사와 50-50%의 합작 투자로 운영됩니다. 이 지역은 이전에 시추가 이루어지지 않은 45개의 역사적인 채굴 장소가 있습니다. 샘플링을 통해 21%의 구리, 5.9 g/t의 금, 493.8ppm의 은이 포함된 인상적인 광물 함량이 밝혀졌습니다. 회사는 Open Pit Zone (OPZ), Hill Top Zone (HTZ), Vein-Breccia Zone (VBZ), Eastern Breccia Zone (EBZ) 등 네 개 주요 지역에서 약 2000미터의 탐사 시추를 계획하고 있습니다.
Royal Road Minerals a reçu tous les permis de forage pour son projet polymétallique de cuivre-or Alouana au Maroc. Le projet, qui couvre 84 kilomètres carrés, est détenu par le biais d'un partenariat à 50-50% avec la société MIDU. La zone présente 45 sites miniers historiques sans forage antérieur. Des échantillonnages ont révélé un contenu minéral impressionnant, avec jusqu'à 21% de cuivre, 5.9 g/t d'or et 493.8ppm d'argent. La société prévoit environ 2000 mètres de forage d'exploration dans quatre zones principales : Open Pit Zone (OPZ), Hill Top Zone (HTZ), Vein-Breccia Zone (VBZ) et Eastern Breccia Zone (EBZ).
Royal Road Minerals hat alle Bohrerlaubnisse für sein Alouana Kupfer-Gold-Polymetallprojekt in Marokko erhalten. Das Projekt erstreckt sich über 84 Quadratkilometer und wird durch ein 50-50%-Joint Venture mit der MIDU Company gehalten. Das Gebiet verfügt über 45 historische Bergbaustätten, in denen zuvor keine Bohrungen durchgeführt wurden. Probenahmen haben einen beeindruckenden Mineralgehalt ergeben, mit bis zu 21% Kupfer, 5.9 g/t Gold und 493.8ppm Silber. Das Unternehmen plant etwa 2000 Meter Erkundungsbohrungen in vier Hauptbereichen: Open Pit Zone (OPZ), Hill Top Zone (HTZ), Vein-Breccia Zone (VBZ) und Eastern Breccia Zone (EBZ).
- Received all necessary drilling permits for project advancement
- High-grade mineral content with samples showing up to 21% copper and 5.9 g/t gold
- Strategic 50-50% joint venture partnership with MIDU Company
- Large exploration area of 84 square kilometers with multiple mining sites
- No previous drilling history on the project
- Project still in early exploration phase with uncertain outcomes
Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce that it has received all requisite drilling permits for its Alouana copper-gold polymetallic project in the Kingdom of Morocco.
The right to acquire the Alouana project is held by Royal Road Arabia Limited ("RRA"). RRA is a Saudi Arabian joint-venture company owned on a 50
The Alouana Project Area comprises 4 exploration licenses located in Morocco's Eastern Region and totaling 84 square kilometers (see Figure 1). Small-scale mining commenced at Alouana at the beginning of the last century. Approximately 45 underground and open-pit copper-gold polymetallic workings have been identified from within the area of interest. Open-pit mines are developed on shallow, southwest-dipping shear and cleavage parallel zones of unknown total thickness and underground mines are developed on predominantly steep, northeast-dipping vein-breccia bodies up to 3 meters wide. There has been no previous drilling conducted on the project.
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The host rocks to copper-gold and polymetallic mineralization at Alouana are primarily lower Paleozoic age schists which have been intruded by Permian age granite and related porphyry dykes. Granite underlies and has contact metasomatized the schistose sequence (see Figure 2). Copper, gold and polymetallic mineralization (silver, bismuth, tungsten and zinc) has been emplaced within a broad antiformal structure in the hangingwall of the granite, in shear zones oriented parallel to shallow-dipping cleavage (in the OPZ; see Figure 2) and in steeply dipping northwest and northeast striking quartz-barite vein and breccia bodies (VBZ and EBZ). Over 250 grab and channel rock-chip samples have been collected from Alouana with analytical results returning up to
RRA has completed soil geochemical sampling, geological mapping, grab and rock-chip channel sampling and ground magnetics across the Alouana Main Area (see Press Releases, February 27, 2024; July 29, 2024) and has located initial scout drill holes to test both shallow and steep-dipping targets in four principal areas (see Figure 2) summarized as follows:
- OPZ - Open Pit Zone. Area of historic small open pits and underground tunnels on the Alouana hilltop. Copper and polymetallic mineralization hosted in stacked shear zones oriented parallel to shallow-dipping schistosity and in steep-dipping vertical vein-breccia bodies.
- HTZ - Hill Top Zone. Area of shallow residual soil cover on hilltop to the immediate southeast (but across reverse fault) from the OPZ. No evidence of historic workings but soil geochemistry implies a continuation of OPZ style controls. Area is higher in gold geochemistry than the OPZ.
- VBZ - Vein-Breccia Zone. 25 meter wide approximately 1.5 kilometer long, moderate northeast dipping quartz-barite vein and breccia body anomalous in copper and gold.
- EBZ - Eastern Breccia Zone. Two 1 to 3 meter wide, at-least 2 kilometer long, copper, silver, lead and bismuth mineralized, moderate northeast dipping quartz-barite vein-breccia bodies with evidence for wall-rock penetration of copper mineralization.
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The Company is planning approximately 2000 meters of scout exploration drilling which will commence this year, as soon as access roads and drill pads have been constructed.
"Establishing the thickness of shallow-dipping mineralization at the OPZ is an important initial objective of this drilling program, followed closely by mapping its lateral extent towards the southwest at the HTZ. Both areas are located along the Alouana hilltop with the potential for good mining economics. Historic tunnels at the EBZ are for the most part concealed at surface and developed along the vein-breccia bodies only, with minimal crosscuts. This makes it difficult to ascertain potential economic thickness until we have drilled them, although there is clear evidence for copper mineralization extending beyond the extracted veins and immediately into the wall-rock. This drill program is very much a case of exploring with the drill-rig, objectives are clear and holes have been carefully planned in order to fully test the potential of the mineralized system at Alouana. We are excited to get the program underway," said Tim Coughlin, Royal Road's President and CEO.
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 and Morocco. 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.
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, the Alliance, the intention to form a joint venture, enter into a related agreement and establish Newco and, more generally, 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.
Quality Assurance and Quality Control:
Sample preparation and analyses are conducted according to standard industry procedures at certified laboratories. Rock-chip samples were bagged in the field for a sample size of approximately 2kg and then sent to AFRILAB-SGS in Marrakech where gold was analyzed by fire assay with an atomic absorption finish and multielement analyses were conducted by ICP-OES. Soil samples were collected 30-60cm below the surface to avoid surficial contamination. Approximately 0.5kg was collected for each sample. For each sample, soil thickness, horizon, surface type, sample collection depth, & field sieve-mesh was recorded. QAQC materials included approximately
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of 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.
Contact
Royal Road Minerals Limited
info@royalroadminerals.com
+44 1534 887166
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227516
FAQ
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