16:02:51 EST Thu 12 Nov 2026
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
River Road Resources Ltd
Symbol RRRL
Shares Issued 11,583,334
Close 2026-10-19 C$ 0.15
Market Cap C$ 1,737,500
Recent Sedar+ Documents

River Road begins drone magnetics survey at Stobart

2026-11-12 15:22 ET - News Release

Mr. Tim Henneberry reports

RIVER ROAD COMMENCES DRONE MAGNETICS SURVEY AT STOBART AND GRANTS OPTIONS

River Road Resources Ltd. has commenced a drone magnetics survey at its road-accessible, 725.75-hectare precious metal Stobart property, located 95 kilometres southwest of Williams Lake, B.C.

The drone magnetics survey will be undertaken by Pioneer Exploration Consultants Ltd. of Ottawa, Ont. Pioneer will collect approximately 320 line kilometres of airborne along 25-metre-spaced flight lines and 250-metre-spaced, perpendicular tie lines. Flight lines will be flown at an azimuth of 135 degrees. The survey will be conducted using Pioneer's Drone-Mag system, consisting of a Blacksquare Hercules drone platform, a GEM Systems GSMP-35U potassium vapour magnetometer and GEM Systems GSM-19 Overhauser base stations.

"The tight line spacing of the drone magnetics should allow us to define the full extent of the known quartz veins and also identify potential unknown veins by highlighting subtle anomalies indicative of structural controls like faults, shear zones or magnetic mineral alteration associated with the quartz veins," commented River Road chief executive officer R. Tim Henneberry. "This survey will complement our recently completed lidar survey (see Oct. 29, 2026, news release) as we build the geological model for the Stobart property," he continued.

The Stobart property is an epithermal gold project in the Cretaceous Spences Bridge Group (SBG). Dundee Group recently signed an agreement to earn up to a 60-per-cent interest in Westhaven Gold Corp.'s four (SBG) properties through $85-million in exploration expenditures, highlighting the potential of the SBG gold belt. Historic Stobart grab sampling returned multiple plus-one-gram-per-tonne-gold values to a maximum of five grams per tonne. River Road's 2025 exploration confirmed the earlier rock sampling while soil geochemistry appears to trace the veins along strike.

River Road is earning a 100-per-cent interest subject to a 2-per-cent net smelter return (NSR) royalty in the Stobart property by making payments of $15,000 (paid), issuing 2.3 million shares (800,000 issued) and completing $300,000 in exploration expenditures ($133,430 completed) prior to July 7, 2027.

River Road cautions investors grab samples are select samples and are not necessarily indicative of similar mineralization on the property.

Stock option grant

The board of directors approved a grant of 675,000 stock options to directors and officers of the company, in accordance with the company's omnibus equity incentive plan, on Nov. 11, 2026.

The options vest immediately upon grant and are exercisable at an exercise price of 15 cents per common share until Nov. 11, 2031.

The common shares of the company issuable upon exercise of the options will be subject to contractual restrictions on resale and transfer, with the cumulative portion of the option shares released from the resale restrictions over 18 months following the date of grant as follows: (i) on the date that is six months following the date of grant, up to one-third of the option shares; (ii) on the date that is 12 months following the date of grant, up to two-thirds of the option shares; and (iii) on the date that is 18 months following the date of grant, up to 100 per cent of the option shares.

The options are subject to the terms of the omnibus plan, the applicable grant agreement and the requirements of the TSX Venture Exchange. In addition to the resale restrictions, the options and the underlying option shares are subject to a four-month hold period expiring on March 12, 2027, in accordance with TSX-V policies.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, PGeo (British Columbia), a director and chief executive officer of the company and a qualified person under National Instrument 43-101.

About River Road Resources Ltd.

River Road Resources is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties, listed on the TSX-V under the symbol RRRL. The company holds the option to earn a 100-per-cent interest, subject to a 2-per-cent NSR (net smelter return) royalty, in the Stobart property, comprising two mineral claims totalling approximately 724 hectares, located in the Clinton mining district of British Columbia.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.