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Royal Road Minerals Receives All Requisite Drilling Permits: Alouana Copper-Gold Polymetallic Project, Kingdom of Morocco
Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - Royal Road Minerals Limited (TSXV: RYR) ...
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[{"type":"text","content":"Royal Road Minerals Receives All Requisite Drilling Permits: Alouana Copper-Gold Polymetallic Project, Kingdom of MoroccoToronto, Ontario--(Newsfile Corp. - October 23, 2024) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce that it has received all requisite drilling permits for its Alouana copper-gold polymetallic project in the Kingdom of Morocco. The right to acquire the Alouana project is held by Royal Road Arabia Limited (\"RRA\"). RRA is a Saudi Arabian joint-venture company owned on a 50-50% 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. In October 2023, RRA entered into an option agreement to acquire 100% of Izughar Resources S.A.R.L (\"Izughar\"), the Moroccan company holding title to the Alouana licenses (see Press Release, October 17, 2023).The Alouana Project Area comprises 4 exploration licenses located in Morocco's Eastern Region and totaling 84 square kilometers (see Figure 1). Small-scale mining commenced at Alouana at the beginning of the last century. Approximately 45 underground and open-pit copper-gold polymetallic workings have been identified from within the area of interest. Open-pit mines are developed on shallow, southwest-dipping shear and cleavage parallel zones of unknown total thickness and underground mines are developed on predominantly steep, northeast-dipping vein-breccia bodies up to 3 meters wide. There has been no previous drilling conducted on the project.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4008/227516_figure_1.jpgThe host rocks to copper-gold and polymetallic mineralization at Alouana are primarily lower Paleozoic age schists which have been intruded by Permian age granite and related porphyry dykes. Granite underlies and has contact metasomatized the schistose sequence (see Figure 2). Copper, gold and polymetallic mineralization (silver, bismuth, tungsten and zinc) has been emplaced within a broad antiformal structure in the hangingwall of the granite, in shear zones oriented parallel to shallow-dipping cleavage (in the OPZ; see Figure 2) and in steeply dipping northwest and northeast strik...