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Royal Road Minerals Announce Preliminary Results from Underground Channel Sampling La Golondrina Gold Mine; Colombia
TORONTO, ONTARIO / ACCESSWIRE / January 11, 2016 / Royal Road Minerals Limited (TSXV: RYR) (...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Announce Preliminary Results from Underground Channel Sampling La Golondrina Gold Mine; ColombiaTORONTO, ONTARIO / ACCESSWIRE / January 11, 2016 / Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road Minerals\" or the \"Company\"), a gold focused mineral exploration and development company, is pleased to announce results from the first eleven saw-cut channel samples from underground workings at the La Golondrina gold mine in Colombia.\nLa Golondrina is a currently small-scale underground gold mining operation located in the La Llanada gold mining district of Nariño province in southern Colombia. La Golondrina comprises multiple levels of horizontal underground mine development which have accessed surface exposures of dominantly shallow-dipping high-grade quartz-veins (see Figure 1) and vein zones over a known vertical extent of 400 meters and over an aerial extent of approximately 600 by 800 meters (see Figures 2 and 3). Mining at La Golondrina commenced during the early 1980's and has been focused only on those quartz veins that are accessible and exposed (see Figure 2). Much of the La Golondrina license area is concealed under recent volcanic ash, colluvium and soil. In 2011 AngloGold Ashanti conducted geological mapping, rock-chip sampling, IP-geophysics and ground magnetics over the project area. Mineralization at La Golondrina is part of an Eocene age intrusion-related gold system hosted in a Cretaceous age metasomatized (hornfels) marine sedimentary sequence. The Company has an option to earn a 100% undivided interest in the project under the terms outlined below (see Press Release October 7th 2015). There has been no drilling conducted at La Golondrina. Management of the Company believes that there is an opportunity to define a significant high-grade plus million ounce resource at the project and to rationalize, modernize and expand the current operations.\nThe Company is currently conducting saw-cut channel sampling on two active underground mining levels at La Golondrina. The aim of this sampling is to confirm the high-grade nature of vein-hosted gold mineralization and to test vein zones and vein stockwork zones in the host-rock outside of and adjacent to the main vein bodies. The results from the first eleven saw-cut channel samples from the El Alacran and El Ingenio adits (See Figures 2 and ...