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Royal Road Minerals Announce Results of New Saw-Cut Channel Sampling from Its Piedra Iman Copper-Gold Project; Nicaragua
Toronto, Ontario--(Newsfile Corp. - June 21, 2017) - Royal Road Minerals Limited (TSXV: RYR) (...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Announce Results of New Saw-Cut Channel Sampling from Its Piedra Iman Copper-Gold Project; Nicaragua400m long copper-gold zone outlined, results up to 20m at 1.1% copperToronto, Ontario--(Newsfile Corp. - June 21, 2017) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce results from saw-cut channel sampling at its 100% owned Piedra Imán copper-gold project in northwestern Nicaragua (results are presented in Table 1). To view an enhanced version of Table 1, please visit:http://orders.newsfilecorp.com/files/4008/27547_table1.jpgThe Piedra Imán concession area is located in Chinandega District, 200km northwest of Managua via the Pan American Highway and 30km north of B2 Gold's El Limon Mine (Figure 1). The concession extends over approximately 8000Ha and is in force for a further 20 years. Royal Road acquired 100% of Piedra Imán through its acquisition of Caza Gold Corporation in May 2017 (see press release May 23, 2017). Figure 1. Location of Piedra Iman project and license area (red outline)To view an enhanced version of Figure 1, please visit:http://orders.newsfilecorp.com/files/4008/27547_fig1.jpgPiedra Imán is a copper and gold project which shares many geological similarities with \"cordilleran-style\" Iron Oxide Copper Gold (IOCG) systems such as those which occur in Chile and Peru. Detailed geological controls remain unclear at Piedra Imán and a mapping program is currently underway, but observations to-date indicate that copper mineralization (malachite, chalcopyrite and bornite) occurs in steeply dipping veinlets and vein-stockworks oriented at a high-angle to gently tilted layering (see Figure 2). Gold is associated with molybdenite in an intrusive rock which appears to be located subjacent to the copper mineralization. Alteration related with copper and gold mineralization at Piedra Imán is characterized by magnetite-hematite-actinolite and albite. Figure 2. Small working at Piedra Iman showing gently dipping layering and steeper oriented fractures hosting copper mineralization.To view an enhanced version of Figure 2, please visit:http://orders.newsfilecorp.com/files/4008/27547_fig2.jpgThe Piedra Imán project was initially explored in the early 1970's by Noranda Inc (\"Noranda\"). Noranda's work included the drilling...