Royal Roads completes initial Titan drilling program and announces additional
field programs for Buchans, Newfoundland
Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,490
The final two holes tested both favourable felsic volcanic rocks as well as overlapping and adjacent Titan chargeability anomalies, however did not intersect significant base metal mineralization. Results suggest these Titan anomalies are associated with broad zones of disseminated pyrite within favourable felsic volcanic rocks and magnetite-bearing mafic volcanic rocks. Results for the first three holes of the Titan drill program were released on
In 2008,
Further Work Underway
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The Company also announced it has initiated additional field programs consisting of line cutting and Induced Polarization (IP) surveys on its 100% owned Buchans project, including the undeveloped Lundberg zone and the former Oriental mine. 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. It is anticipated that the data will define the extents of the Lundberg zone which remains open near surface in several directions. The surveys are also being conducted over the former Oriental mine, as this area is known to host similar mineralization adjacent to former high grade mine workings. The Oriental mine was operated by ASARCO between 1935 and 1983 and produced in excess of 3.3 million tonnes* of ore averaging 14.18% zinc, 1.47% copper, 7.90% lead, 154 g/t silver and 1.96 g/t gold.
Background
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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 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.
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Forward Looking Statements
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For further information: Royal Roads Corp.: Will Felderhof, President & CEO; David Felderhof, Vice-President, (902) 444-3637, Halifax, Nova Scotia, www.royalroadscorp.ca
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