Royal Road Minerals Provides Exploration Update for Its Jabal Sahabiyah Project, Kingdom of Saudi Arabia
Royal Road Minerals Provides Exploration
Update for Its Jabal Sahabiyah Project,
Kingdom of Saudi Arabia
Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - Royal Road Minerals Limited
(TSXV: RYR)
("
Royal
Road
" or the "
Company
") is pleased to provide 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% partnership basis by Royal Road and MIDU Company Limited (MIDU Company Limited
"MIDU"
is a part-owned Saudi Arabian subsidiary of MSB Holding Limited "
MSB
"; see Press Release
June 1st, 2023. On May 7th 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 Licenses was
awarded to RRA as Preferred Bidder in a competitive Licensing Round in January of this year (see
Press Release January 15, 2024). The license areas are approximately 284 square kilometers in areal
extent and located in Asir Province of the Kingdom of Saudi Arabia within the prospective Nabitah-
Tathlith belt (see Figure 1).
Figure 1
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Initial detailed field work at Jabal Sahabiyah has focused on two exposed polymetallic gossans, Jabal
Muwayqirah and Hanash North (see Figures 2 and 3). Both gossans were originally identified by
Riofinex (a subsidiary of Rio Tinto Zinc) in the 1970's 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 (see Figures 2 and 3). Geochemical analyses were conducted
on-site and were limited to zinc, copper, lead and silver.
Recent field work 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 (Figures 2 and 3). 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 5.0% copper
(Mean 1.1%, minimum 0.2% copper), and 7.5 grams per tonne gold (Mean 2.6 and minimum 0.5 grams
per tonne gold). At the Hanash North target where rock-chip and soil sampling is currently underway, the
fold geometry is interpreted to have repeated mineralization, exposing it again at the southwestern
gossan area (see Figure 3) and concealing it under shallow cover towards the east.
Figure 2
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Figure 3
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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 grass roots exploration throughout the Arabian
Shield, is further testament to its outstanding exploration potential," said Tim Coughlin, Royal Road's
President and CEO.
Royal Road Minerals is a mineral exploration and development company with its head office and
technical-operations center 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. More
information can be found on the Company's website
www.royalroadminerals.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary statement:
This news release contains certain statements that constitute forward-looking information and forward-
looking statements within the meaning of applicable securities laws (collectively, "forward-looking
statements") describing the Company's future plans and the expectations of its management that a
stated result or condition will occur. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual results, performance or achievements
of the Company, or developments in the Company's business or in the mineral resources industry, to
differ materially from the anticipated results, performance, achievements or developments expressed
or implied by such forward-looking statements. Forward-looking statements include all disclosure
regarding possible events, conditions or results of operations that is based on assumptions about,
among other things, the Alliance, the intention to form a joint venture, enter into a related agreement
and establish Newco and, more generally, future economic conditions and courses of action, and
assumptions related to government approvals, and anticipated costs and expenditures. The words
"plans", "prospective", "expect", "intend", "intends to" and similar expressions identify forward-looking
statements, which may also include, without limitation, any statement relating to future events,
conditions or circumstances. Forward-looking statements of the Company contained in this news
release, which may prove to be incorrect, include, but are not limited to the Company's exploration
plans.
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 2kg 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 ICP-MS finish (ME-MS61). Soil samples were
collected 40-80cm below the surface to avoid surficial contamination. Approximately 0.5kg 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. QAQC materials included
approximately 5% CRMs, 5% blanks, and 8% field duplicates. Soil samples were sent to ALS Jeddah
for drying and dry-sieving to -75um/-200 mesh. Gold analysis was completed by 30g fire-assay with an
ICP-MS finish. Super trace multi-element analysis was completed using four acid digest with ICP-MS
finish (ME-MS61L). All results were analyzed by our in-house Exploration and Database
Management team before import into our geochemical database.
The Company cautions you not to place undue reliance upon any such forward-looking statements,
which speak only as of the date they are made. There is no guarantee that the anticipated benefits of
the Company's business plans or operations will be achieved. The risks and uncertainties that may
affect forward-looking statements include, among others: economic market conditions, anticipated
costs and expenditures, government approvals, and other risks detailed from time to time in the
Company's filings with Canadian provincial securities regulators or other applicable regulatory
authorities. Forward-looking statements included herein are based on the current plans, estimates,
projections, beliefs and opinions of the Company management and the Company does not undertake
any obligation to update forward-looking statements should assumptions related to these plans,
estimates, projections, beliefs and opinions change.
Contact
Camila Gutierrez VP Business Development and Communications
Royal Road Minerals Limited
+44 1534 887166
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/210903