Business
Royal Road Minerals Provides Exploration Update, La Llanada Gold District, Narino Province, Colombia
TORONTO, ON / ACCESSWIRE / October 18, 2016 / Royal Road Minerals Limited (TSXV: RYR) ("Roya...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Provides Exploration Update, La Llanada Gold District, Narino Province, ColombiaTORONTO, ON / ACCESSWIRE / October 18, 2016 / Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road Minerals\" or the \"Company\"), a gold focused mineral exploration and development company, is pleased to provide an update on its exploration activities in southern Colombia.\nDrilling\nThe first diamond drill hole of the planned 1000 meter scout drilling program at the La Golondrina project has been completed. Vertical drill hole (PQ-sized drill core) GOL-16-01 terminated at 131.25 meters. The hole commenced in variably biotite and amphibole altered diorite and at 76 meters crossed into strongly metasomatized and partially-melted hornfels. The drill hole intersected seven sub-horizontal vein bodies down to 67m and then continued in zones of veinlets and stringer veins comprised of quartz-carbonate-pyrrhotite-pyrite-chalcopyrite with associated biotite alteration across the diorite hornfels contact to the end of the hole. Pyrrhotite is a magnetic iron sulfide mineral and its occurrence in the drill hole appears to correspond with the discrete magnetic anomaly which is obvious in cross-section (See attached Figure). Pyrrhotite is related to higher gold grades in quartz-calcite veins sampled from underground workings (see Press Release March 1st) but veinlet and stringer vein zones, such as those observed in this initial drill hole have not yet been observed or sampled at surface.\nRegional Exploration\nRoyal Road Minerals has filed application for in excess of 120,000 Ha of exploration contracts in southern Colombia extending down to the countries border with Ecuador. The company's intention is to apply its current business model of inclusive and sustainable local joint-venture arrangements within these application areas and has commenced work by engaging with local miners and community leaders in the region.\nLa Maria Project\nThe Company executed an exclusivity arrangement on the Mina La Maria gold project (see Press Release July 12th) which is located approximately 4 kilometers to the west of the Company's La Golondrina and La Redención gold projects. A field and due diligence review of the project has been completed. Field work has revealed that gold mineralization at La Maria is related primarily to sub-meter, steeply-dipp...