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Royal Road Minerals Receives Drilling Permits for Its Guintar-Niverengo Gold Project; Colombia
Toronto, Ontario--(Newsfile Corp. - December 5, 2019) - Royal Road Minerals Limited (TSXV: RY...
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[{"type":"text","content":"Royal Road Minerals Receives Drilling Permits for Its Guintar-Niverengo Gold Project; ColombiaToronto, Ontario--(Newsfile Corp. - December 5, 2019) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce that the Regional Autonomous Corporation of Antioquia (Corantioquia), has provided approval for the Company to conduct further drilling on mining concession contracts IJN-14221 (Guintar) and IJN-11331 (Niverengo) in Antioquia district, Colombia.The Guintar and Niverengo concession contracts are contiguous title areas, totaling approximately 2,254 hectares, located in the Company's \"Northern Block\" (Figure 1) and in the Anza mining district, 50 Km west of Medellin. The titles were acquired through the Company's purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited (see Press Release May 31, 2019). AngloGold-Ashanti (\"AGA\") commenced work on the project area in 2015 and completed two scout drilling campaigns for a total of 5662 meters. The Guintar title area covers an artisanal mining district with more than 50 known historic underground adits developed on steeply dipping east-west oriented gold mineralized vein structures. AGA's 8-hole, scout-drilling program at Guintar targeted steeply-dipping sheeted vein structures and returned best results of; 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). Outcrop on the neighboring Niverengo title area is limited and so AGA's drilling was focused on a 2000 by 800 meter wide target zone identified primarily using ground magnetic data, IP-geophysical data, and soil geochemical results. Drill core revealed that gold mineralization at Niverengo is hosted in pyrrhotite-pyrite-silica-calcite breccias, veins and fractures which are oriented at a high-angle to bedding in a well-laminated black-grey shale sequence (see Figure 1). Gold at Niverengo correlates well with elevated silver, copper and tin. 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. 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 go...