Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,290
HALIFAX, April 1 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") and Benton Resources Corp. (BTC-TSX-V) ("Benton") (the "Companies") are pleased to announce that diamond drilling has commenced at their Range Zone copper prospect within their Long Range Nickel joint venture property in central Newfoundland. The program is expected to consist of 1,150 metres of drilling in five holes designed to further test a strong conductive anomaly detected by Geotech VTEM airborne geophysical surveys in 2008. An initial test of the anomaly in October 2009 (press release dated November 3, 2009) returned a 37.80 metre intercept of banded, semi-massive and massive sulphides averaging 0.39% copper and 0.032% cobalt over an estimated true width of 29.11 metres. The program will test the conductor's dip extents and 400 metre strike. The Companies believe the Range Zone has potential to be a large sulphide accumulation that may host significant grades of copper and other base metals.
The work is being undertaken as part of a $1.17 million 2010 program designed to explore for nickel and copper sulphide deposits within an area recently recognized to be prospective for magmatic sulphide deposits. The joint venture controls six properties covering 381,500 hectares (381.5 km2) held as a 50/50 joint venture between Royal Roads and Benton, with Royal Roads as the operator. The project is located close to infrastructure, including power lines and roads that provide ready access to port facilities 40 kilometres to the west. The area is considered receptive to mining, and is located 65 kilometres southwest of the former mining center of Buchans.
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. Quoted assays and QAQC procedures are described in detail within a previous press release dated November 3, 2009.
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 & Labrador. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads.
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. The company currently has approximately $13 million in cash, owns approximately 36.3% 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 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.: Paul Moore, Vice President Exploration, (709) 738-7384 , St. John's, Newfoundland; www.royalroadscorp.ca; Benton Resources Corp.: Stephen Stares, President & CEO, (807) 475-7474, Thunder Bay, Ontario; www.bentonresources.ca