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Royal Road Announces Further Drilling Results and Exploration Update from Its Guintär Copper and Gold Project; Colombia
Toronto, Ontario--(Newsfile Corp. - February 23, 2022) -  Royal Road Minerals Limited ( T...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Announces Further Drilling Results and Exploration Update from Its Guintär Copper and Gold Project; ColombiaToronto, Ontario--(Newsfile Corp. - February 23, 2022) -  Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") announces results from a further six diamond drill holes and the commencement of further follow-up drilling at its Guintär copper-gold project, in Antioquia Department, Colombia.The Guintär project is part of the Guintär-Niverengo and Margaritas (GNM) project area which comprises the two contiguous Guintär, and Niverengo concession contracts and the neighboring Margaritas concession contract located in the Middle Cauca Valley, approximately 50 Km west of Medellin in Antioquia Department, Colombia. The titles were acquired through the Company's purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited (see Press Release May 31, 2019). The GNM area is subject to a Strategic Alliance Agreement between the Company and Mineros S.A. (\"Mineros TSX: MSA; see Press Release March 3, 2020). Under the terms of the Agreement, Mineros currently own a 25% interest in the GNM project area and may acquire a further 25% (up to a total 50%) interest by providing the balance of a further USD $1.5M in exploration funding. Royal Road Minerals are operators of the Strategic Alliance.The Company has received results from the remaining six diamond drill holes from its 2021 drilling program at the Guintär project, details are presented in Table 1. Results did not identify any immediate southward extension to the copper and gold mineralization intersected in drill holes GUI-DD-011 and GUI-DD-012 (see Press Release December 14, 2020). However, all drill holes, whether in skarn, hornfels or intrusive rocks, returned relatively long intersections of anomalous gold and copper (for example GUI-DD-15; from 0 to 240 meters at 0.3 grams per tonne gold and GUI-DD-19; from 252 meters to end of hole, returning 135 meters at 0.12% copper) which, together with detailed logging of alteration intensity and intrusive paragenesis, will assist in locating drill holes for the follow-up drilling program which is now underway. TABLE 1: GUINTAR PRELIMINARY DRILL RESULTS GOLDSILVERCOPPERGOLD EQUIV^INCLUDES HOLE IDENZ(m)DIPAZIM DEPTHFROMTOLENGTH (m)*GRADE (g/t)GRA...