RRM has entered into an option agreement with Carbomine SARL, which provides the company with an option to acquire 100% of the Lalla Aziza mining license, located in the Kingdom of Morocco.
RRM has entered into an option agreement with Carbomine SARL, which provides the company with an option to acquire 100% of the Lalla Aziza mining license, located in the Kingdom of Morocco.
Lalla Aziza is an underground copper-mine located in Morocco’s Western High Atlas, approximately 90 km’s southwest of Marrakesh. Sulphide ore (principally chalcopyrite) is mined from a moderate-dipping, shear-hosted, vein-stockworks (chalcopyrite replacing dolomite) and breccia up to 20 meters wide and from three underground levels over a known vertical extent of 150 meters. Whole ore is shipped for sale at a cut-off grade of 2.5% copper (Non-JORC compliant, 35 dry-ton ore assay records, minimum 0.99% maximum 5.1% copper).
The mineralized shear-hosted vein-stockworks and breccia are nucleated on a carbonaceous schist horizon which extends in a northeast direction across the Carbomine license area for approximately 4 kilometers strike length. No exploration drilling has been conducted on the license area.
Royal Road has completed detailed geological mapping, rock-chip and underground channel sampling and a pXRF survey across the license area. A 2000-meter reverse circulation scout drilling program is planned to test dip and strike continuity of known mineralization during the first half of 2025.
In Colombia Royal Road Minerals operates through its wholly-owned Colombian companies Minerales Camino Real SAS founded in 2015 and Exploraciones Northern Colombia SAS acquired from previous owners in 2019. In Saudi Arabia the Royal Road Minerals operates through its 50% owned Saudi Arabian registered subsidiary, Royal Road Arabia. In Morocco Royal Road Minerals operates through its 100% owned subsidiary Minéraux Chemin Réel SARL AU.
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