Royal Roads intersects 15.52% zinc, 7.61% lead, 0.92% copper, 148.9 g/t
silver, & 1.15 g/t gold over 2.1 metres at Buchans North
Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,490
------------------------------------------------------------------------- Hole From To Width Zinc Lead Copper Silver Gold (m) (m) (m) (%) (%) (%) (g/t) (g/t) ------------------------------------------------------------------------- H-3415 306.3 306.6 0.3 4.70 2.06 0.20 10.7 0.34 ------------------------------------------------------------------------- 311.3 311.6 0.3 5.80 1.85 15.50 214.8 2.92 ------------------------------------------------------------------------- H-3416 342.7 343.2 0.5 3.80 1.34 0.28 18.4 0.19 ------------------------------------------------------------------------- 352.1 354.2 2.1 15.52 7.61 0.92 148.9 1.15 ------------------------------------------------------------------------- Including 352.1 353.1 1.0 20.20 9.20 1.26 180.2 0.96 ------------------------------------------------------------------------- Including 353.1 353.6 0.5 6.80 3.50 0.34 57.9 0.63 ------------------------------------------------------------------------- Including 353.6 354.2 0.6 15.00 8.40 0.84 172.6 1.90 ------------------------------------------------------------------------- Assay highlights table. Widths are measured core lengths in metres.
Hole H-3415 was drilled 22 metres north northwest of historic hole H-885, drilled by Asarco in the early 1950's, that previously returned assays averaging 23.7% zinc, 9.0% lead, 2.6% copper, 147.4 g/t silver and 3.4 g/t gold over 2.74 metres. The second hole, H-3416, was drilled 63 metres north of H-3415.
The Buchans North prospect was discovered by previous mine operators, Asarco, in the early 1950s, 500 metres northwest of the former Oriental Mine, where Asarco, mined *3.3 million tonnes averaging 14.18% Zn, 7.90% lead, 1.47% copper, 154.0 g/t silver and 1.96 g/t gold between 1935 and 1983. The prospect was last drilled in 1967, and occurs approximately 290 metres below surface within a less explored, faulted repeat of the same horizon that hosts the Oriental mine. Interpretation of previous drilling suggests the Buchans North horizon may still be open in several directions where further exploration may track mineralization into less explored areas where additional deposits similar to Oriental could be discovered.
Other Work ----------
The Company also advises that recently announced additional field programs consisting of line cutting and Induced Polarization (IP) surveys at Buchans are now complete and the Company expects to receive results later this month. The surveys were designed to detect broad zones of near surface stockwork base metal sulphide mineralization that may be amenable to bulk tonnage open pit mining and targeted 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. The Company can not verify this information. (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. The Company can not verify this information.
Qualified Person & Sampling Procedure -------------------------------------
Drill intercepts quoted are core lengths. While true widths could not be accurately measured based upon core angles, reported widths are considered to be near true as the geology is interpreted to be essentially horizontal. Logging, sampling and assaying procedures were completed as per
Forward Looking Statements --------------------------
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For further information: Royal Roads Corp.: Will Felderhof, President & CEO; David Felderhof, Vice-President; (902) 444-3637; www.royalroadscorp.ca
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