Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,490
HALIFAX, Sept. 29 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") and Benton Resources Corp. (BTC-TSX-V) ("Benton") are pleased to announce awarding a drill contract to commence diamond drilling of the recently discovered copper sulphide zone on the Long Range Joint Venture property in central Newfoundland. The contract has been awarded to Logan Drilling of Stewiacke, Nova Scotia and is expected to commence the week of October 12, 2009. The program is expected to include two drill holes designed to test a 400 to 600 metre long conductive geophysical anomaly defined by VTEM airborne geophysical surveys completed by Geotech Ltd. in 2008.
On September 14, 2009, Royal Roads and Benton announced prospecting adjacent to this conductive anomaly had discovered a copper mineralized zone consisting of disseminated to locally banded massive sulphides. Based on limited exposure, this zone is estimated to be between 20 and 30 metres thick. The zone is peripheral to the conductive anomaly's axis which lies beneath a lake. Although bedrock exposure along the lake shore is limited, 14 variably oxidized bedrock grab samples were taken, with six of the samples returning assays of greater than 0.20% copper, with a high value of 1.77% copper.
Also on September 14, 2009, Royal Roads and Benton announced other conductive anomalies examined by prospecting elsewhere on the property had returned encouraging results favourable for discovery of nickel-copper magmatic sulphides as well as polymetallic volcanogenic massive sulphides. Among these are anomalies, where grab samples collected from float believed to be locally derived, returned assays up to 0.75% nickel and 0.64% copper. A trenching program is currently in progress to test several of these areas and is expected to be completed within the coming weeks.
The Long Range project is a 50/50 joint venture between Royal Roads and Benton with Royal Roads as the operator. The property is subject to net smelter royalties of up to 2%, of which 1% can be purchased for $1 million. Portions of the property are also subject to underlying option agreements requiring cash payments and share issuances for the joint venture to earn a 100% interest. The project was acquired to explore for magmatic nickel-copper sulphide deposits within a previously unexplored area recently recognized to be prospective for magmatic sulphide deposits. The project is well situated with ready access to nearby roads, power and port facilities.
Paul Moore, M.Sc., P.Geo., (NL), Royal Road's Vice President of Exploration, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release and has reviewed the contents for accuracy. Analyses referred to herein are from rock samples collected by prospectors contracted by Royal Roads. All assays were completed by Eastern Analytical Limited of Springdale, Newfoundland by the ICP (Inductively Coupled Plasma Optical Emission Spectroscopy) method (ICP-11) and Ore Grade Assay for Ni and Cu by the atomic absorption (AA) method.
About Royal Roads
Royal Roads is a resource company based in Halifax, Nova Scotia, Canada and is primarily focused on exploring and developing mineral properties in the famous historic Buchans mining camp in central Newfoundland, Canada. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads. For additional information on Royal Roads' properties and activities, please visit www.royalroadscorp.ca.
About Benton Resources
Benton is a Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements which can be view on the company's web site post below. The company currently has approximately $15.0 million in cash, owns a 34.3% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.
Forward Looking Statements
Certain information contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Royal Roads and Benton (the "Companies") believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. The Companies caution that actual performance will be affected by a number of factors, many of which are beyond their control, and that future events and results may vary substantially from what the Companies currently foresee. The Companies' forward-looking statements are expressly qualified in their entirety by this cautionary statement.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE ROYAL ROADS CORP.
For further information: For further information: Royal Roads Corp.: Will Felderhof, President & CEO; David Felderhof, Vice-President, (902) 444-3637, www.royalroadscorp.ca; Benton Resources Corp.: Stephen Stares, President & CEO, (807) 475-7474, www.bentonresources.ca