fact sheet - royal road minerals · fact sheet managements view is that the principal target at la...
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RYR on the TSX Venture Exchange (TSXV)L A G O L O N D R I N A / R E D E N C I O N
F A C T S H E E TLa Golondrina and La Redencion are neighboring high-grade gold mines located in Nariño Province of southern Colombia (Figure 1). Royal Road Minerals has executed option agreements allowing the Company to earn 100% of both projects.
The projects are characterized by dominantly shallow-dipping quartz-carbonate veins, vein stockwork zones and mineralized hornfels (Figure 2). Free gold is common. Saw-cut channel samples from 60 shallow-dipping quartz veins at La Golondrina returned average 31.1g/t gold (highest grade 122.9 g/t) over average thicknesses of 0.3m (thickest vein 0.97m). In late 2016 Royal Road completed a four-hole scout diamond drilling program at La Golondrina. Drilling returned 24.9 meters at 1.0 gram per tonne, 14.3 meters at 1.0 gram per tonne and 195.2m at 0.4 g/t gold in drill hole GOL-16-02 (EOH) and 8.3 meters at 1.1 gram per tonne in GOL-16-03 related with zones of decimeter-scale veins and interconnecting veinlets and stringer zones hosted in both strongly altered tonalite and adjacent hornfels.
The drilling did not intersect any discrete high-grade gold mineralized zones but when put in a local context, indicates bulk tonnage potential over in excess of 700m of vertical extent (see Figure 3, not section location on Figure 1).
Royal Road’s plan is to secure arrangements with neighboring property owners and to fly the immediate area with airborne magnetics and radiometrics.
Figure 1.
Sediment, ash
QUATERNARY
NEOGENE
CRETACEOUS
Sediment
Volcanics
Tonalite
Marine Meta-Sed
Marine Volcanics
Mining Licence
Exploration Licence
Exploration Application RRM
Ground Floor, 4 Wharf Street, St Helier, JE2 3NR, Jersey, CIT: +44 1534 887 166 www.royalroadminerals.com
F A C T S H E E TManagements view is that the principal target at La Golondrina and La Redención is “bulk- tonnage” in style and will be better defined with further mapping and airborne geophysics.
Ground Floor, 4 Wharf Street, St Helier, JE2 3NR, Jersey, CIT: +44 1534 887 166 www.royalroadminerals.com
Figure 3.
Schematic cross-section (see map on page 1 for location) showing vertical and lateral extent of gold mineralized system at La Golondrina / Redencion
Figure 2.
Typical stacked gold-bearing quartz-carbonate veins at La Golondrina
RYR on the TSX Venture Exchange (TSXV)L A G O L O N D R I N A / R E D E N C I O N