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Royal Road Minerals Ltd
Symbol RYR
Shares Issued 265,695,801
Close 2024-05-28 C$ 0.10
Market Cap C$ 26,569,580
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Royal Road talks exploration at Jabal Sahabiyah

2024-05-29 12:45 ET - News Release

Dr. Tim Coughlin reports

ROYAL ROAD MINERALS PROVIDES EXPLORATION UPDATE FOR ITS JABAL SAHABIYAH PROJECT, KINGDOM OF SAUDI ARABIA

Royal Road Minerals Ltd. has provided an update on its exploration activities at the Jabal Sahabiyah project in the Kingdom of Saudi Arabia. Underlying rights to Jabal Sahabiyah are held by Royal Road Arabia (RRA). Royal Road Arabia is a Saudi Arabian joint venture company owned on a 50-50-per-cent partnership basis by Royal Road and MIDU Company Ltd. (MIDU is a part-owned Saudi Arabian subsidiary of MSB Holding Ltd.; see press release June 1, 2023. On May 7 MSB transferred its share ownership and its underlying rights and obligations under the joint venture shareholder agreement to MIDU).

Jabal Sahabiyah copper-gold-polymetallic project

The Jabal Sahabiyah exploration tender consisting of three contiguous exploration licences was awarded to RRA as preferred bidder in a competitive licensing round in January of this year (see press release Jan. 15, 2024). The licence areas are approximately 284 square kilometres in areal extent and located in Asir province of the Kingdom of Saudi Arabia within the prospective Nabitah-Tathlith belt.

Initial detailed fieldwork at Jabal Sahabiyah has focused on two exposed polymetallic gossans, Jabal Muwayqirah and Hanash North. Both gossans were originally identified by Riofinex (a subsidiary of Rio Tinto Zinc) in the 1970s and were assessed principally for their potential to host zinc mineralization. Riofinex completed geological mapping, soil sampling and limited shallow open hole percussion drilling on the gossans. Geochemical analyses were conducted on site and were limited to zinc, copper, lead and silver.

Recent fieldwork by RRA has constrained mineralization to shallow-dipping, skarn-style zones of unknown overall thickness or repetition that have been refolded by (F2 or F3 generation) shallow-dipping, shallow-plunging, isoclinal folds. The result is variably exposed repetitions of ribbon-style mineralized bodies with potential for significant lateral-extent and near-surface potential. Furthermore, reconnaissance rock-chip samples collected by RRA have returned higher copper and significant gold results (not historically analyzed) from Jabal Muwayqirah including up to 5 per cent copper (mean 1.1 per cent, minimum 0.2 per cent copper), and 7.5 grams per tonne gold (mean 2.6 and minimum 0.5 gram per tonne gold). At the Hanash North target where rock-chip and soil sampling is currently under way, the fold geometry is interpreted to have repeated mineralization, exposing it again at the southwestern gossan area and concealing it under shallow cover toward the east.

The company plans to conduct more structural mapping at Jabal Sahabiyah, aided by its drone-borne hyperspectral scanner, magnetometer and radiometer, and to complete grid-based auger soil sampling across both gossan areas with a view to identifying targets for drill testing before the end of 2024.

"It's been over 50 years since exploration work was conducted at Jabal Sahabiyah. Commodity focus and our understanding of structural geology has changed profoundly since then. At Jabal Muwayqirah and Hanash North, we see structurally controlled exposures of potentially extensive mineralized zones that dip and plunge shallowly beneath recent gravels and cover sequence. This work, coupled with the advances our reconnaissance teams are making on grassroots exploration throughout the Arabian Shield, is further testament to its outstanding exploration potential," said Dr. Tim Coughlin, Royal Road's president and chief executive officer.

About Royal Road Minerals Ltd.

Royal Road Minerals is a mineral exploration and development company with its head office and technical operations centre located in Jersey, Channel Islands. The company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The company currently explores in the Kingdoms of Saudi Arabia and Morocco.

Quality assurance and quality control

Sample preparation and analyses are conducted according to standard industry procedures at certified laboratories. Analytical performance is monitored by means of certified reference materials (CRMs), coarse blanks, coarse and pulp duplicate samples. Grab rock-chip samples were bagged in the field for a sample size of approximately two kilograms and then sent to ALS in Jeddah where gold was analyzed by fire assay with inductively coupled plasma spectrometry (ICP) finish and multielement analyses were conducted by four-acid digest with inductively coupled plasma mass spectrometry finish (ME-MS61). Soil samples were collected 40 to 80 centimetres below the surface to avoid surficial contamination. Approximately 0.5 kg was collected for each sample. For each sample, soil or cover thickness, horizon (where present), sample type, sample collection depth, and field sieve-mesh were recorded. QA/QC materials included approximately 5 per cent CRMs, 5 per cent blanks and 8 per cent field duplicates. Soil samples were sent to ALS Jeddah for drying and dry-sieving to minus 75 micrometres/minus 200 mesh. Gold analysis was completed by 30-gram fire-assay with an ICP-MS finish. Supertrace multielement analysis was completed using four-acid digest with ICP-MS finish (ME-MS61L). All results were analyzed by the company's in-house exploration and database management team before import into its geochemical database.

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