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Royal Road Minerals Announce Results from Underground Channel Sampling and Mapping, La Golondrina Gold Project, Colombia
Results Confirm High-Grade Nature of Gold Mineralization and Outline Stacked and Linked Vein...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Announce Results from Underground Channel Sampling and Mapping, La Golondrina Gold Project, ColombiaResults Confirm High-Grade Nature of Gold Mineralization and Outline Stacked and Linked Vein Systems\nTORONTO, ON / ACCESSWIRE / March 1, 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 sixty saw-cut channel samples taken from currently active underground workings at the La Golondrina gold mine in Colombia.\nLa Golondrina is a small-scale, underground gold mining operation located in the prolific La Llanada gold mining district of Nariño province in southern Colombia. La Golondrina comprises multiple levels of historic, mostly horizontal underground mine developments which have accessed surface exposures of dominantly shallow-dipping high-grade quartz-veins (see Figure 1) and vein zones over a known vertical extent exceeding 400 meters and over an aerial extent of approximately 600 by 800 meters. Mining at La Golondrina was conducted manually up until some four years ago when electricity was provided to site. Air-leg drilling commenced at the El Alacran and Montana tunnels located at the top of the La Golondrina hill (see Figure 1). These tunnels remain active and are currently the only accessible underground exposures of gold mineralization at the project. Work has commenced on opening some of the older collapsed workings further down-hill and below the El Alacran and Montana tunnels. Mineralization at La Golondrina is part of a regional Oligocene-age intrusion-related gold system. Gold mineralized quartz veins, vein zones and stockwork veinlets are hosted in a tonalitic intrusion and extend outwards from that intrusion into a Cretaceous age, variably metasomatized (hornfels), marine sedimentary sequence. The Company has an option to earn a 100% undivided interest in the project (see Press Release October 7th 2015). To-date 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 has completed a saw-cut channel sampling and mapping program on four activ...