results from its Buchans North VMSRoyal Roads reports new assay results of 24.85% zinc, 10.75% lead, 2.65% copper, 212.9 g/t silver, & 1.48 g/t gold over 2.38 metres at Buchans North
10:01 AM ET, June 7, 2010
HALIFAX, Jun 7, 2010 (Canada NewsWire via COMTEX) --
Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,290
Royal Roads Corp. (RRO-TSX-V) ("Royal Roads" or the "Company") is pleased to announce new assay results from its 100% owned Buchans North volcanogenic massive sulphide ("VMS") property in Buchans, Newfoundland & Labrador. The Company assayed core samples drilled by previous mine operators, Asarco, as original assay data from hole H-1030 could not be located. Hole, H-1030 returned assays of 24.85% zinc, 10.75% lead, 2.65% copper, 212.9 g/t silver, and 1.48 g/t gold over 2.38 metres core length, including 32.40% zinc, 14.50% lead, 2.70% copper, 218.6 g/t silver, and 1.64 g/t gold over 1.19 metres core length. The samples were taken from archived drill core stored within the Government of Newfoundland and Labrador's core storage facility in Buchans.
The Buchans North prospect was discovered by previous mine operators, Asarco, in the early 1950's having 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 hole H-885. In Q4 2009, the Company completed an initial two-hole diamond drill program designed to assess the Buchans North prospect and test for possible extensions into areas where large accumulations of high-grade massive sulphides may be discovered. Hole H-3415 was drilled 22 metres northwest of H-885, and hole H-3416 was drilled 63 metres north of H-3415. A map showing the location of Royal Roads drill holes as well as holes H-1030 and H-885 can be viewed on the Company website. A table summarizing Royal Roads' assays is presented below.
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Est.
True
From Width Width Zinc Lead Copper Silver Gold
Hole (m) (m) (m) (%) (%) (%) (g/t) (g/t)
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H-3415 306.30 0.30 0.26 4.70 2.06 0.20 10.7 0.34
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311.30 0.30 0.26 5.80 1.85 15.50 214.8 2.92
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H-3416 342.70 0.50 0.43 3.80 1.34 0.28 18.4 0.19
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352.10 2.10 1.79 15.52 7.61 0.92 148.9 1.15
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including 352.10 1.00 0.85 20.20 9.20 1.26 180.2 0.96
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including 353.10 0.50 0.43 6.80 3.50 0.34 57.9 0.63
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including 353.60 0.60 0.51 15.00 8.40 0.84 172.6 1.90
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H-1030 296.11 2.38 2.02 24.85 10.75 2.65 212.9 1.48
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including 296.11 1.19 1.01 32.40 14.50 2.70 218.6 1.64
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297.30 1.19 1.01 17.30 7.00 2.60 207.1 1.32
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Assay highlights table. Estimated true widths are estimated to be 85% of
core length intercept based upon the inferred dip of the mineralized
zone. Assays presented are from samples collected and assayed by Royal
Roads in 2009 and 2010.
Management believes the area has potential to host additional massive sulphide mineralization, particularly to the north, where sufficient untested room exists to host a larger high-grade VMS deposit. It is believed that Buchans North; located approximately 500 metres northwest of former Oriental Mine, represents a faulted repeat of the same horizon that hosts the former Oriental Mine, where Asarco, mined 3.3 million* tonnes averaging 14.18% zinc, 7.90% lead, 1.47% copper, 154.0 g/t silver and 1.96 g/t between 1935 and 1983.
Qualified Person
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Sampling and assaying procedures were completed as per Royal Roads' QA/QC protocols as described in Royal Roads' press release dated February 27th, 2007. Paul Moore, M.Sc., P.Geo., (NL), Royal Roads' 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. Historic assays for drill hole H-885 are derived from historic Asarco documents and while assayed cores have been examined by Royal Roads, historic assays have not been verified by Royal Roads QAQC procedures.
About Royal Roads
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Royal Roads is a resource company based in Atlantic Canada and is primarily focused on exploring and developing mineral properties in the famous historic Buchans mining camp in central Newfoundland, Canada.