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Royal Road Minerals Presents Exploration Update for Its Guintar-Niverengo-Margaritas Gold Project; Colombia
Toronto, Ontario--(Newsfile Corp. - September 10, 2019) - Royal Road Minerals Limited (TSXV:RY...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Presents Exploration Update for Its Guintar-Niverengo-Margaritas Gold Project; ColombiaToronto, Ontario--(Newsfile Corp. - September 10, 2019) - Royal Road Minerals Limited (TSXV:RYR) (\"Royal Road\" or the \"Company\") is pleased to provide an exploration update for its Guintar-Niverengo-Margaritas (GNM) gold project in Antioquia Department, Colombia.The GNM title and title application areas were acquired through the Company's recently completed purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited (see Press Release May 31, 2019). The GNM project area comprises two title areas (Guintar and Niverengo) and one title application area (Margaritas), totaling approximately 3280 hectares and located in the Anza Municipality, 50 Km west of Medellin, in Colombia's Middle Cauca belt (Figures 1 and 2). The Guintar area is an artisanal mining district with more than 50 known historic underground adits developed on steeply dipping east-west oriented gold mineralized vein structures. Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4008/47651_Figure 1.jpgFigure 2To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4008/47651_Figure 2.jpgAngloGold-Ashanti commenced work on the project area in 2015 and completed two scout drilling campaigns for a total of 5662 meters on the Guintar and Niverengo titles. Drilling at Guintar targeted vein structures with a view to bulking out mineable widths. Intersections were generally thin and low-grade with best results being GUI-DD-009, 28 meters at 0.9 grams per tonne and GUI-DD-006, 12 meters at 1.8 grams per tonne gold (not true width). Drilling at Niverengo was focused on a 2000 by 800 meter wide target zone, identified using ground magnetic data, IP-geophysical data, soil and rock-chip geochemical results. Best intersections were from drill holes 3 and 4 which were drilled from the same drill pad at 180-degrees from each other in an area of little to no outcrop (Figure 3; all intersections are not true width). NIV-DD-003 intersected 36m @ 1.2g/t gold from surface and drill hole NIV-DD-004 intersected 10m @ 1.6g/t gold and 88m @ 0.9g/t gold. Projected to surface, the two drill holes have identified a gold mineralized zone of approximately 130m width w...