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Royal Road Minerals Announces Receipt of Drilling Permissions; La Golondrina Gold Project, Narino Province, Colombia
TORONTO, ON / ACCESSWIRE / May 24, 2016 / Royal Road Minerals Limited (TSXV: RYR) (the "Comp...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Announces Receipt of Drilling Permissions; La Golondrina Gold Project, Narino Province, ColombiaTORONTO, ON / ACCESSWIRE / May 24, 2016 / Royal Road Minerals Limited (TSXV: RYR) (the \"Company\"), a gold focused mineral exploration and development company, is pleased to announce that pursuant to the approved work program (\"PTO\", approved by Colombia's Agencia Nacional de Minería) and environmental license (see Press Release April 27) for the La Golondrina gold mine, exploration drilling is now permitted at the project.\nAn initial scout diamond drilling program of between 1000 and 1500 meters is planned at La Golondrina. This will be the first drilling program to be conducted at the project with drilling expected to commence by August of this year. Holes will target known vein and vein-zone occurrences close to the intrusive contact with adjacent metasomatic hornfels, along strike extensions of this contact as indicated by ground magnetic data and other high-grade gold mineralized vein occurrences corresponding to often coincident magnetic and IP chargeability anomalies.\n\"In preparation for drilling we have commissioned a significant reprocessing and overhaul of geophysical and other available data at the La Golondrina project\" said Dr Tim Coughlin, President and CEO of Royal Road Minerals \"The geophysics is currently being reprocessed using mapped geological constraints and measured rock properties such as magnetic susceptibility, estimated resistivity and IP-chargeability. Early indications are encouraging, showing convincing sub-horizontal combined magnetic and IP anomalies some of which appear to be spatially related to known high-grade gold veins and underground mine development. We have received quotations and expressions of interest from five drilling contractors and depending on rig availability, we hope to commence drilling sometime before the end of August.\"\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. \nThe information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Royal Road Minerals Ltd and a ...