Royal Roads intersects 15.52% zinc, 7.61% lead, 0.https://www.newswire.ca/en/releases/archive/December2009/15/c3233.html
Royal Roads intersects 15.52% zinc, 7.61% lead, 0.92% copper, 148.9g/t silver, & 1.15 g/t gold over 2.1 metres at Buchans North
Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,490
, /CNW/ -Corp. (RRO - TSX-V) (""or the "Company") is pleased to announce assay results from a recentlycompleted two hole diamond drilling program at its 100% owned BuchansNorth base metal sulphide prospect in central Newfoundland. The programwas designed to assess an undeveloped prospect and test for possibleextensions into areas where large accumulations of high grade massivesulphides may be discovered. The first hole, H-3415, intersectedmassive sulphides assaying 15.50% copper, 1.85% lead, 5.80% zinc, 214.8g/t silver and 2.92 g/t gold over 0.30 metres. The second hole, H-3416,intersected massive sulphides averaging, 15.52% zinc, 7.61% lead, 0.92%copper, 148.9 g/t silver and 1.15 g/t gold over 2.1 metres.considers these results to be very positive as they suggestmineralization extends beyond previously interpreted limits and occurswithin a discrete mineralized horizon that remains poorly tested byprevious drilling. A follow-up drilling program is in the planningstage and is expected to take place in 2010. A table summarizing assayhighlights is presented below.
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Hole From To Width Zinc Lead Copper Silver Gold
(m) (m) (m) (%) (%) (%) (g/t) (g/t)
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H-3415 306.3 306.6 0.3 4.70 2.06 0.20 10.7 0.34
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311.3 311.6 0.3 5.80 1.85 15.50 214.8 2.92
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H-3416 342.7 343.2 0.5 3.80 1.34 0.28 18.4 0.19
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352.1 354.2 2.1 15.52 7.61 0.92 148.9 1.15
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Including 352.1 353.1 1.0 20.20 9.20 1.26 180.2 0.96
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Including 353.1 353.6 0.5 6.80 3.50 0.34 57.9 0.63
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Including 353.6 354.2 0.6 15.00 8.40 0.84 172.6 1.90
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Assay highlights table. Widths are measured core lengths in metres.
Hole H-3415 was drilled 22 metres north northwest of historichole H-885, drilled by Asarco in the early 1950's, that previouslyreturned assays averaging 23.7% zinc, 9.0% lead, 2.6% copper, 147.4 g/tsilver and 3.4 g/t gold over 2.74 metres. The second hole, H-3416, wasdrilled 63 metres north of H-3415.
The Buchans North prospect was discovered by previous mineoperators, Asarco, in the early 1950s, 500 metres northwest of theformer Oriental Mine, where Asarco, mined *3.3 million tonnes averaging14.18% Zn, 7.90% lead, 1.47% copper, 154.0 g/t silver and 1.96 g/t goldbetween 1935 and 1983. The prospect was last drilled in 1967, andoccurs 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 horizonmay still be open in several directions where further exploration maytrack mineralization into less explored areas where additional depositssimilar to Oriental could be discovered.
Other Work
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The Company also advises that recently announced additionalfield programs consisting of line cutting and Induced Polarization (IP)surveys at Buchans are now complete and the Company expects to receiveresults later this month. The surveys were designed to detect broadzones of near surface stockwork base metal sulphide mineralization thatmay be amenable to bulk tonnage open pit mining and targeted theundeveloped Lundberg zone as well as the area surrounding the formerOriental mine.
Background
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is exploring its 100% owned Buchansproject for high grade sulphide deposits similar to those mined byformer mine operator ASARCO between 1928 and 1984. Buchans representsone of the highest grade base metal mining camps in Canadian historyhaving produced 16.2 million tonnes(xx) of ore from five orebodiesaveraging 14.51% zinc, 1.33% copper, 7.56% lead, 126 g/t silver and1.37g/t gold.
In addition to exploring for new high grade discoveries, the Companyis also examining the former mines for potential to host near surface,bulk tonnage mineralization that may be amenable to open pit mining. On,announced a NI-43-101 compliant Inferred Resource for the Lundbergdeposit totaling 20.7 million tonnes grading 2.78% combined base metalscomprised of 1.68% zinc, 0.72% lead, and 0.38% copper, including ahigher grade Inferred Resource totaling 5.34 million tonnes grading4.76% combined base metals averaging 3.02% zinc, 1.25% lead, 0.49%copper, 10.27 g/t silver and 0.12 g/t gold (news release dated , 2009).
* 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
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Drill intercepts quoted are core lengths. While true widths could notbe accurately measured based upon core angles, reported widths areconsidered to be near true as the geology is interpreted to beessentially horizontal. Logging, sampling and assaying procedures werecompleted as per' QA/QC protocols as described in' press release dated ., M.Sc., P.Geo., (NL),'Vice President of Exploration, is acting as Qualified Person incompliance with National Instrument 43-101 with respect to this releaseand has reviewed the contents for accuracy.
Forward Looking Statements
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Certain information contained herein may constituteforward-looking statements within the meaning of applicable securitieslaws. Forward-looking statements may include estimates, plans,expectations, opinions, forecasts, projections, guidance or otherstatements that are not statements of fact. Althoughbelieves that the expectations reflected in such forward-lookingstatements are reasonable, they can give no assurance that suchexpectations will prove to have been correct.cautions that actual performance will be affected by a number offactors, many of which are beyond its control, and that future eventsand results may vary substantially from what it currently foresees.' forward-looking statements are expressly qualified in their entirety by this cautionary statement.
"Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release".
%SEDAR: 00008176E
For further information: Royal Roads Corp.:Will Felderhof, President & CEO; David Felderhof, Vice-President;(902) 444-3637;
www.royalroadscorp.ca