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Royal Road Intersects 303.7 Meters at 1.1 Grams per Tonne Gold Equivalent in Newly Discovered Porphyry Copper and Gold System at Its Guintär Project; Colombia
Includes 62.0 meters at 2.1 grams per tonne Gold, 12.4 grams per tonne Silver and 0.62% Copper...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Intersects 303.7 Meters at 1.1 Grams per Tonne Gold Equivalent in Newly Discovered Porphyry Copper and Gold System at Its Guintär Project; ColombiaIncludes 62.0 meters at 2.1 grams per tonne Gold, 12.4 grams per tonne Silver and 0.62% CopperToronto, Ontario--(Newsfile Corp. - December 14, 2021) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce results from the first three drill holes of its current drilling program at the 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 2, 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 first three diamond drill holes at its Guintär project, details are presented in Table 1 and significant intersections are as follows:GUI-DD-01117.9 meters at 0.9 grams per tonne goldGUI-DD-012303.7 meters at 1.1 grams per tonne gold equivalent[1] (to end of hole) (0.7 grams per tonne gold, 4.3 grams per tonne silver and 0.22% copper) Including (from 143.0 meters) 62.0 meters at 2.1 grams per tonne gold, 12.4 grams per tonne silver and 0.62% copperGUI-DD-013126.0 meters at 1.4 grams per tonne gold equivalent (0.8 grams per tonne gold, 5.5 grams per tonne silver and 0.34% copper) Including (from 120.0 meters) 55.0 meters at 1.5 grams per tonne gold, 10.8 grams per tonne silver and 0.60% copper; and 44.0 meters at 1.1 grams per tonne gold (Not true width and the company do...