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Royal Road Minerals Provides an Update of its Exploration Activities in Colombia and Details of the Caza Acquisition Projects in Nicaragua
Toronto, Ontario--(Newsfile Corp. - March 16, 2017) - Royal Road Minerals Limited (TSXV: RYR) ...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"\nRoyal Road Minerals Provides an Update of its Exploration Activities in Colombia and Details of the Caza Acquisition Projects in NicaraguaToronto, Ontario--(Newsfile Corp. - March 16, 2017) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to provide an update of its exploration activities in Colombia and details of the Caza Gold acquisition projects (see press release, March 15, 2017) in Nicaragua. COLOMBIAWith positive developments and the new political landscape in Colombia, Royal Road is actively expanding its presence by making application for over 450,000 hectares of concession contracts in Nariño Province (See Fig. 1) and by reviewing other promising gold opportunities in the region of its La Golondrina and La Redención gold projects and elsewhere throughout the country.Figure 1To view an enhanced version of this graphic, please visit:http://orders.newsfilecorp.com/files/4008/25701_royalroad1enhanced.jpgThe Company is liaising regularly and actively pursuing alliances with Colombian Government bodies in order to responsibly align itself with the country's post-conflict aspirations. One such initiative involves the potential joint acquisition of airborne magnetic and radiometric data covering the Company's concession contract applications and areas of state mining reserve in Nariño Province. The proposed survey will cover areas known to be prospective for high-grade intrusion-related gold mineralization in the east and for porphyry copper and gold mineralization in the west (see Fig.1). The Company's plan is to rationalize and reduce its application areas and focus on newly generated targets following completion of the airborne survey and subsequent reconnaissance field work and community consultation programs.NICARAGUAThe Company has acquired more than 90% of Nicaragua-focused Caza Gold Corporation (\"Caza\") and is currently completing compulsory acquisition of the remaining 10% (see press release, March 15, 2017). Caza holds close to 75,000 hectares of exploration license in the prospective Chortis Belt of western Nicaragua (see Fig.2). Figure 2To view an enhanced version of this graphic, please visit:http://orders.newsfilecorp.com/files/4008/25701_royalroad2enhanced.jpgThe two key projects in the portfolio of Caza assets which management believe to illustrate sign...