Trading Symbol: RRO - TSX-V Shares Outstanding: 112,127,490
Historic drilling at the Buchans North prospect by Asarco in the early 1950's returned assays of 2.74 metres averaging 23.7% zinc, 9.0% lead, 2.6% copper, 147.4 g/t silver and 3.4 g/t gold in drill hole H-885.
Further Work Underway ---------------------
The Company also advises that recently announced additional field programs consisting of line cutting and Induced Polarization (IP) surveys at Buchans are in progress and anticipated to be complete by the end of November. The surveys are designed to detect broad zones of near surface stockwork base metal sulphide mineralization that may be amenable to bulk tonnage open pit mining. The surveys are targeting the undeveloped Lundberg zone as well as the area surrounding the former Oriental mine.
Background ----------
In addition to exploring for new high grade discoveries, the Company is also examining the former mines for potential to host near surface, bulk tonnage mineralization that may be amenable to open pit mining. On
* Past production figures for the Oriental Mines were obtained from an article written by Thurlow, G.J., and Swanson, E.A., 1981: Geology and ore deposits of the Buchans area, central Newfoundland. In: Swanson, E.A., Strong, D.F., and Thurlow, J.G., editors), The Buchans Orebodies: Fifty Years of Geology and Mining. Geological Association of Canada Special Paper 22. page 123. (XX) Past production figures for the Buchans Mines were obtained from an article written by Kirkham, R.V., 1987: Introduction. In "Buchans Geology, Newfoundland", Geological Survey of Canada Paper 86-24, pages 1 to 6. Qualified Person & Sampling Procedure -------------------------------------
Forward Looking Statements --------------------------
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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
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