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Royal Road Enters into Binding Heads of Agreement over Mineral Rights Comprising the Santo Domingo Porphyry Copper and Gold District: San Juan, Argentina
Toronto, Ontario--(Newsfile Corp. - November 29, 2022) - Royal Road Minerals Limited ( TSXV: RYR ...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Enters into Binding Heads of Agreement over Mineral Rights Comprising the Santo Domingo Porphyry Copper and Gold District: San Juan, ArgentinaToronto, Ontario--(Newsfile Corp. - November 29, 2022) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce that it has entered into a binding heads of agreement (\"the Heads\") with an individual title holder, which provides the Company with the option to acquire 100% of certain mineral rights comprising the Santo Domingo porphyry copper and gold district in San Juan Province, Argentina.The Santo Domingo district is located 120 km east of San Juan City at an average altitude of approximately 1,200 meters above sea level. The district comprises two, as-yet undrilled, porphyry copper-gold occurrences (Divisiora and El Arriero) and several vein-hosted gold and silver occurrences located within a mineral rights package comprising 14 separate title areas and covering a total area of approximately 200 square kilometers (see Figure 1). Figure 1. Morphotectonic elements of the Central Andes, location of major porphyry copper and gold occurrences, location of Royal Road projects. Oblique aerial view of El Arriero. Summary figure showing the Divisoria and El Arriero occurrences and select rock chip and rock-chip channel samples. Note the copper only potential \"core\" and the outcrop pattern at El Arriero with porphyry mapped in valley bottoms.  To view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/4008/145930_figure1.jpgSignificant occurrences of copper and gold were first identified in the Santo Domingo district by the title holder in 2007. During the period 2008 to 2014, Orocobre Limited and then subsequently its daughter company, Elementos Limited (\"Elementos\"), executed option agreements over the mineral rights package and conducted exploration work including channel and select rock chip sampling, ground magnetics, Pole-Dipole IP and Audio Magneto-Tellurics (AMT). In November 2014, Elementos announced their withdrawal from the Santo Domingo joint venture.The Santo Domingo district is hosted in the Cerro la Huerta, a range of uplifted crystalline basement rocks comprising part of the Sierras Pampeanas geological terrane. The Sierras Pampeanas terrane is characterized by recently exhumed basem...