Results from first three reverse circulation drill holes highlight bulk tonnage potential and corroborate IP geophysical targets at Gömeç
July 15, 2015 – Toronto, Ontario:
Royal Road Minerals Limited (TSXV:RYR) (“Royal Road Minerals” or the “Company”), a gold and copper focused mineral exploration and development company, is pleased to announce interim drill results from its Gömeç gold project in Balıkesir province of Western Turkey.
The Gömeç project comprises five contiguous exploration licenses and is an early-stage gold exploration project located in the hinterland of Balıkesir province, immediately adjacent to Koza Gold’s Kubaşlar gold project. Gold extends discontinuously over an approximately 10km long, northeast trending ridge comprised of Oligocene age volcanic and intrusive rocks. Gold mineralization is dominantly low-sulfidation epithermal in style and appears to be both stratabound and structurally controlled.In late 2014 the Company conducted an exploratory reverse circulation drilling program at the Gömeç project, notable results from that program included GRC-014, 76 meters at 1.0g/t (including 24 meters at 2.0g/t gold and 18.7g/t silver), GRC-013, 56 meters at 1.0g/t (including 22 meters at 2.0g/t gold and 15.6g/t silver) and GRC-015, 40 meters at 1.0g/t gold in contiguous drill holes located 100m away from each other.A follow-up reverse circulation drilling program commenced on June 14 this year. The program is expected to total approximately 3000 meters and will be comprised of a combination of infill holes, step out holes along and across strike of the previous drilling and exploratory holes on newly identified and previously undrilled targets along and adjacent to the 10km long gold mineralized ridge.Results have now been returned from the first three drill holes at the project (see Table 1 and Figures 1 and 2). All three drill holes have returned significant intersections as follows:
These three drill holes are following a dominantly northwest trending and apparently southerly plunging mineralized brittle fault zone of unknown extent which was identified in previous drilling and is obvious in IP geophysics and ground magnetics. The Gömeç project area is characterized by several of these gold mineralized northwest trending brittle fault zones which appear to transect and offset older east-west oriented fault zones. Older east-west oriented zones and east-west oriented volcanic layering also appear to be gold mineralized and consequently drill holes are angled to test both of these mineralized orientations. GRC-022 intersected 118m at 1.0 g/t gold (including 22.0m at 3.9 g/t gold and 21 g/t silver) and remains open at depth. Whereas this drill hole is located just 50 meters away from existing drill holes, the style of mineralization was quite different with higher grade gold related to carbonate alteration as opposed to silica. This hints at the presence of two distinct styles of gold mineralization at Gömeç that may be related to the differing structural orientations. Management believe that various orientations of gold mineralization, persistence at depth and different gold mineralized “pulses” are positive for the bulk tonnage potential of the Gömeç project.
“These initial drill results are of course encouraging and highlight the obvious bulk tonnage potential at Gömeç” said Tim Coughlin, Royal Road’s President and CEO “we are also very much interested in testing the potential where these gold mineralized fault zones extend below the volcanic rocks into the underlying crystalline basement rocks. Examples of mineralized occurrences in the Gömeç region imply that gold grades increase in the basement rocks below the volcanic pile and long, open-at-depth gold intersections such as those encountered in GRC-022 and lower grade long intersections in previous drill holes, suggests good gold continuity at depth. Drilling at Gömeç will take a brief break over the Bajram holiday in Turkey from July 16 to 20.”The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Royal Road Minerals Ltd and a qualified person as defined by National Instrument 43-101. Royal Road Minerals employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards. Reverse circulation drill chips are bagged on-site in 1 meter intervals and split on site into 2 meter composite samples. All assay work for released results are carried out by ALS-Chemex certified analytical laboratory in Izmir, Turkey. More information can be found on Royal Road Minerals web site at www.royalroadminerals.com