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Royal Roads & Benton announce completion of airborne geophysics on the Long Range JV
Royal Roads & Benton announce completion of airborne geophysics on the Long Range JV
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\n Jun. 17, 2010 (Canada NewsWire Group) -- \n >\n\n\n Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") and Benton Resources Corp. (BTC-TSX-V) ("Benton"), the "Companies", are pleased to provide an update on the CDN$1,175,000 Exploration Program ("Program") for 2010 on the 38,150 hectare Long Range Nickel joint venture in central Newfoundland. The program consists of frontier airborne geophysics with follow-up prospecting over newly acquired claims and conducting more advanced exploration on the Portage nickel discovery to include deep-penetrating ground geophysics and follow-up trenching and/or diamond drilling.\nFrontier airborne geophysical surveys over the newly acquired claims are now complete with results anticipated to be available in August. Once received, data will be reviewed to select targets for immediate follow-up by ground prospecting. The 1,400 line-kilometre Fugro HELITEM(R) airborne surveys cover unexplored gabbro bodies recently recognized to be prospective for magmatic nickel-copper sulphide deposits. Prospecting activities will assist the evaluation and prioritization of targets for further work, and if warranted, testing by diamond drilling.\nAdvanced exploration of the Portage Nickel discovery has two goals, the first is to identify conductive targets at depth by completing a ground-based deep-penetrating time domain electromagnetic survey and secondly, to continue trenching and/or shallow drilling to expand the previous open-ended discovery of nickel-copper sulphides at surface. A 70 line-kilometre electromagnetic survey is currently in progress and anticipated to be complete by the end of June. The survey is designed to detect highly conductive targets associated with large massive sulphide accumulations that may occur beneath detection limits of the Companies' previous airborne surveys completed in 2008. The Companies hope to drill test any targets generated by the survey later this summer. The Companies will also undertake additional trenching this summer to further expose and expand the limits of nickel-copper mineralization discovered at the Portage nickel prospect in 2009. Trenching of the prospect in 2009 returned bedrock grab samples assaying up to 2.70% nickel, 0.58% copper and 0.24% cobalt, as well as sawed channel samples averaging 0.99% nickel, 0.22% c...