Royal Road Minerals' Saudi Arabian Subsidiary Selected as the Winning Bidder for the Al-Miyah Copper-Gold Tender
Royal Road Minerals' Saudi Arabian Subsidiary Selected as the Winning Bidder for the Al-Miyah Copper-Gold Tender
Toronto, Ontario--(Newsfile Corp. - July 3, 2024) - Royal Road Minerals (TSXV: RYR) ("Royal Road" or "The Company") is pleased to announce that it's 50% owned Saudi Arabian joint-venture company Royal Road Arabia, has been selected as the winning bidder, as part of a competitive Licensing Round, for the Al-Miyah copper and gold tender area. This tender area consists of three contiguous Exploration Licenses, located in the Asir Province of the Kingdom of Saudi Arabia, 150 kilometers northwest of the Company's Jabal Sahabiyah Exploration Licenses (see Press Release January 15th 2024).
安大略省多倫多--(Newsfile Corp.,2024 年 7 月 3 日)-皇家路礦業(TSXV:RYR)(”皇家之路“或”該公司“)很高興地宣佈,作爲競爭性許可回合的一部分,其持有50%的沙特阿拉伯合資公司Royal Road Arabia被選爲Al-Miyah銅金招標區的中標者。該招標區由三個連續的勘探許可證組成,位於沙特阿拉伯王國的阿西爾省,位於該公司Jabal Sahabiyah勘探許可證西北150公里處(見 2024 年 1 月 15 日新聞稿)。
Royal Road Arabia ("RRA") is a Saudi Arabian joint-venture company owned on a 50-50% partnership basis by Royal Road and MIDU Company Limited ("MIDU"). MIDU is a Saudi Arabian investment holding company, headquartered in Jeddah, with interests across various sectors including mining, industrial, real estate development and utilities.
阿拉伯皇家之路 (”RRA“) 是一家沙特阿拉伯合資公司,由皇家路和MIDU Company Limited以 50-50% 的合夥企業持有(“MIDU”)。MIDU是一家沙特阿拉伯投資控股公司,總部位於吉達,在礦業、工業、房地產開發和公用事業等多個領域擁有權益。
The Al Miyah Exploration Licenses are contiguous and cover approximately 234 km2 of historic known copper and gold occurrences, hosted in upper Proterozoic age meta-volcanic and intrusive rocks within the prospective Nabitah-Tathlith belt (see Figure 1).
Al Miyah 勘探許可證是連續的,覆蓋大約 234 千米2 歷史上已知的銅和金礦點,位於元古代上游時代的超火山岩和潛在納比塔-塔斯利斯帶內的侵入性岩石中(見圖 1)。
Historic exploration work was focused on volcanic massive sulphide deposits and was conducted by BRGM (the French geological survey) in 1969. This work comprised geological mapping, trenching and sampling, and identified mineralized gossans at two prospect areas known as Al Miyah and Hishashat-al Hawi (see Figure 2). In 1979 Riofinex Limited (a subsidiary of Rio Tinto Zinc), conducted ground geophysics at the Al Miyah prospect and identified a 1.5km long and 200-meter-wide northwest trending magnetic anomaly corresponding to a corridor of mineralized gossan. Historic samples containing malachite and haematite from 25-meter spaced trenches, over 450 meters of strike length, returned up to 2.4% copper (minimum 0.6% average 1.5% copper) and 3.2 grams per tonne gold (minimum 0.2, average 1.2 grams per tonne gold).
歷史勘探工作側重於火山塊狀硫化物礦牀,由brGM(法國地質調查局)於1969年進行。這項工作包括地質測繪、挖溝和取樣,並在兩個名爲Al Miyah和HishaShat-Al Hawi的勘探區發現了礦化高山(見圖2)。1979年,Riofinex Limited(力拓鋅業的子公司)在Al Miyah勘探區進行了地面地球物理學研究,發現了一個長1.5千米、寬200米的西北趨勢磁異常,對應於礦化棉走廊。含有來自間隔25米、走向長度超過450米的溝槽中的孔雀石和赤鐵礦的歷史樣本返回了高達2.4%的銅(平均銅含量至少爲0.6%),每噸黃金3.2克(最低0.2克,平均每噸黃金1.2克)。
Following an Arabian Shield-scale generative exercise, RRA identified Al Miyah as an area of interest for intrusion-related and structurally controlled copper and gold mineralization. During field reconnaissance the team revisited the known potential at Al Miyah and Hishashat-al Hawi and identified new gossans, shear-zone and vein-hosted occurrences some of which returned promising rock-chip geochemistry. A total of 46 grab rock-chip samples were collected and best results included 5.9% copper and 1.3 grams per tonne gold from gossan, and 1.2% copper and 1.1 grams per tonne gold from a vein-hosted occurrence (minimum 0.001%, average 0.6% copper; minimum 0.001, average 0.1 grams per tonne gold).
在阿拉伯盾牌規模的生成演習之後,RRA將Al Miyah確定爲與入侵有關且結構受控的銅和金礦化的利益區域。在實地偵察中,該小組重新審視了Al Miyah和Hishashat-al Hawi的已知潛力,並發現了新的高山、剪切帶和礦脈承載的礦點,其中一些發現了前景光明的岩屑地球化學。共收集了46份採集岩屑樣本,最佳結果包括來自gossan的5.9%的銅和每噸1.3克的金,以及來自礦脈宿主礦的1.2%的銅和每噸1.1克的金(最低0.001%,平均爲0.6%的銅;最低0.001,平均每噸金0.1克)。
Additionally, RRA completed a pXRF soil survey on a 150 meter by 25-meter spaced grid along a newly identified northwest trending mineralized shear zone which was traced for approximately 1 kilometer in strike-length at the Hishashat-al Hawi prospect. This survey highlighted a 250 meter by 125 meter wide greater than 500ppm copper anomaly which remains open towards the southeast (see Figure 3).
此外,RRA還完成了對一個間隔爲150米乘25米的網格進行的pXRF土壤調查,該網格沿着新確定的西北趨勢礦化剪切帶進行了pXRF土壤調查,該剪切帶在HishaShat-Al Hawi勘探區的行程長度約爲1千米。該調查突出顯示了寬度大於500ppm的250米乘125米的銅異常,該異常仍然向東南開放(見圖3)。
RRA interprets the Al Miyah exploration licenses to host significant potential for intrusion-related and structurally controlled copper and gold mineralization, with immediate exploration objectives evident along strike extensions to the Al Miyah magnetic corridor and along the newly identified shear-zone hosted copper and gold mineralization at Hishashat-al Hawi.
RRA解釋說,Al Miyah的勘探許可證具有與入侵相關且結構可控的巨大銅金礦化潛力,在Al Miyah磁性走廊的走向延伸部分以及HishaShat-al Hawi新發現的剪切帶上銅金礦化區,其直接勘探目標顯而易見。
The company intends to conduct detailed field mapping and grid-based auger soil sampling across both known prospect areas and new target areas as well as utilizing our drone-borne hyperspectral scanner, magnetometer and radiometer, with a view to identifying drill-targets before the end of 2024.
該公司打算在已知的勘探區域和新的目標區域進行詳細的實地測繪和基於網格的螺旋土壤採樣,並利用我們的無人機載高光譜掃描儀、磁強計和輻射計,以期在2024年底之前確定鑽探目標。
The tender was a merit-based process, subject to a proposed exploration program, minimum expenditure commitments and the provision of a performance financial guarantee, to be provided by a recognised Saudi Arabian financial institution. RRA has committed to fund USD$3.9 million in exploration activities for the first two years, which will be results dependent, subject to surrender of the performance financial guarantee. RRA will be eligible for the Ministry of Industry and Mineral Resources (MIMR), Exploration Enablement Program, which can provide up to USD$1.1 million per Exploration License in reimbursements. Furthermore, the Company is currently in the process of qualifying for the Saudi Human Resources Development Fund which can provide assistance with expenditures related to local salaries and professional development.
招標是一個基於績效的過程,受擬議的勘探計劃、最低支出承諾和提供履約財務擔保的約束,這些擔保將由沙特阿拉伯認可的金融機構提供。RRA已承諾在頭兩年爲390萬美元的勘探活動提供資金,這將視結果而定,前提是退出履約財務擔保。RRA將有資格參加工業和礦產資源部(MIMR)的勘探支持計劃,該計劃可爲每個勘探許可證提供高達110萬美元的補償。此外,該公司目前正在獲得沙特人力資源開發基金的資格,該基金可以爲與當地工資和專業發展相關的支出提供援助。
Dr. Tim Coughlin, Royal Road's President and CEO, stated: "It's been 45-years since exploration work was conducted at Al-Miyah. Commodity focus and our understanding of exploration geology has changed profoundly since then. Our team have identified immediate copper and gold potential at known historic occurrences and at new prospects throughout the license areas. Saudi Arabia's vision and proactive support for the mining sector is unparalleled as clearly evidenced by its innovative financial assistance schemes. It is a privilege for our organization to be at the forefront of mineral exploration in the Kingdom at this exciting transformative time"
皇家路總裁兼首席執行官蒂姆·科夫林博士表示:“自Al-Miyah進行勘探工作以來已經過去了45年。從那時起,對大宗商品的關注和我們對勘探地質學的理解發生了深刻的變化。我們的團隊已經在已知的歷史事件以及整個許可區域的新前景中發現了直接的銅和金潛力。沙特阿拉伯對採礦業的願景和積極支持是無與倫比的,其創新的財政援助計劃清楚地證明了這一點。在這個激動人心的變革時期,我們的組織很榮幸能站在王國礦產勘探的最前沿。”
Mr. Tareq Telmesani, CEO of MIDU and Chairman of Royal Road Arabia stated: "We are grateful to the MIMR for granting us this opportunity and eager to commence work at Al-Miyah. We will continue to utilize all of our resources and expertise to support Saudi Arabia's Vision 2030 and ensure we are an integral part of the mining sector in the Kingdom."
MIDU首席執行官兼阿拉伯皇家之路董事長塔雷克·特爾梅薩尼表示:“我們感謝MIMR給我們這個機會,並渴望在Al-Miyah開始工作。我們將繼續利用所有資源和專業知識來支持沙特阿拉伯的2030年願景,並確保我們成爲沙特採礦業不可分割的一部分。”
About:
關於:
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 .
Royal Road Minerals是一家礦產勘探和開發公司,其總部和技術運營中心位於海峽群島的澤西島。該公司在多倫多證券交易所風險交易所上市,股票代碼爲RYR,在法蘭克福證券交易所上市,股票代碼爲RLU。該公司的使命是將專業技能和創新技術應用到發現和開發銅和金礦牀的過程中,其規模足夠大,足以造福子孫後代,並且足夠現代,以確保對環境的影響最小,不會造成生物多樣性的淨損失。該公司目前在沙特阿拉伯和摩洛哥王國進行勘探。更多信息可以在公司的網站上找到 。
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.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary statement:
警示聲明:
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.
本新聞稿包含某些構成適用證券法所指的前瞻性信息和前瞻性陳述(統稱爲 “前瞻性陳述”),這些陳述描述了公司的未來計劃及其管理層對既定結果或條件將出現的預期。此類前瞻性陳述涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致公司的實際業績、業績或成就或公司業務或礦產資源行業的發展與此類前瞻性陳述所表達或暗示的預期業績、業績、成就或發展存在重大差異。前瞻性陳述包括有關可能事件、狀況或經營業績的所有披露,這些披露基於對聯盟、組建合資企業、簽訂相關協議和建立Newco的意圖,以及更籠統地說,未來的經濟狀況和行動方針,以及與政府批准和預期成本和支出相關的假設。“計劃”、“展望”、“期望”、“打算”、“打算” 和類似表述指前瞻性陳述,其中還可能包括但不限於與未來事件、條件或情況有關的任何陳述。本新聞稿中包含的公司的前瞻性陳述可能不正確,包括但不限於公司的勘探計劃。
Quality Assurance and Quality Control:
質量保證和質量控制:
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). Portable X-Ray Fluorescence (pXRF) analysis was conducted using a handheld Olympus Vanta M Series. Analytical performance is monitored by means of an OREAS pXRF calibration kit which includes certified reference materials (CRMs). Calibration is performed each time the pXRF is turned on and after every 50 samples. Each certified reference material cup is 32mm in diameter and fitted with 4μm polypropylene film to minimise signal attenuation of lighter elements. All results were analyzed by our in-house Exploration and Database Management team before import into our geochemical database.
樣品製備和分析是根據經認證的實驗室的標準行業程序進行的。通過認證的參考材料 (CRM)、粗糙的空白、粗糙的和紙漿的重複樣品來監控分析性能。採集的岩屑樣品在野外裝袋,樣本量約爲2kg,然後送往吉達的ALS,在那裏通過電感耦合等離子體光譜(ICP)完成的火法分析金,並通過四種酸性消化法進行多元素分析,完成ICP-MS(ME-MS61)。爲了避免表面污染,在地表以下40-80厘米處採集了土壤樣本。每個樣本採集了大約 0.5 千克。對於每個樣品,都記錄了土壤或覆蓋層厚度、地平線(如果有)、樣本類型、樣本採集深度和場地篩網格。QAQC 材料包括大約 5% 的 CRM、5% 的空白和 8% 的字段副本。土壤樣本被送到吉達ALS進行乾燥,然後幹篩至-75um/-200目。金分析是通過30g的火焰分析完成的,並進行了ICP-MS處理。超級痕量多元素分析是使用四種酸性消化劑完成的,並經過ICP-MS處理(ME-MS61L)。便攜式X射線熒光(pXRF)分析是使用手持式奧林巴斯Vanta m系列進行的。分析性能通過OREAS pXRF校準套件進行監測,該套件包括經認證的參考材料 (CRM)。每次開啓pXRF時以及每50個樣本後都會進行校準。每個經過認證的參考材料杯直徑爲 32 毫米,並配有 4μm 的聚丙烯薄膜,以最大限度地減少較輕元件的信號衰減。在導入我們的地球化學數據庫之前,所有結果均由我們的內部勘探和數據庫管理團隊進行了分析。
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.
公司提醒您不要過分依賴任何此類前瞻性陳述,這些陳述僅代表其發表之日。無法保證公司業務計劃或運營的預期收益能夠實現。可能影響前瞻性陳述的風險和不確定性包括:經濟市場狀況、預期成本和支出、政府批准以及公司在向加拿大省級證券監管機構或其他適用監管機構提交的文件中不時詳述的其他風險。此處包含的前瞻性陳述基於公司管理層當前的計劃、估計、預測、信念和意見,如果與這些計劃、估計、預測、信念和觀點相關的假設發生變化,公司沒有義務更新前瞻性陳述。
Contact
聯繫我們
Camila Gutierrez VP Corporate Development and Communications
Royal Road Minerals Limited
camila.gutierrez@royalroadminerals.com
+44 1534 887166
卡米拉·古鐵雷斯企業發展與傳播副總裁
皇家之路礦業有限公司
camila.gutierrez@royalroadminerals.com
+44 1534 887166
譯文內容由第三人軟體翻譯。