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Royal Road Minerals Ltd.
Summary
| Project: | La Golondrina | |
|---|---|---|
| Deposit: | Golondrina | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-1-2017: Royal Road Minerals Ltd. announces an Exploration/Drilling Update report for its Golondrina deposit at the La Golondrina project. Drilling results incl. 24.88m @ 1.00g/t Au from 42.50m. January 9th, 2017 – Toronto, Ontario: Royal Road Minerals L | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Tim Coughlin (Internal) | |
| ABSTRACT: | January 9th, 2017 – Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (“Royal Road Minerals”, “Royal Road” or the “Company”) a gold and copper focused mineral exploration and development company, announces results from the first three diamond drill holes of its four‐hole exploration scout‐drilling program at the La Golondrina Gold Project, Nariño Province Colombia. All reported intersections are down‐hole widths as true widths cannot be determined from the currently available information. Results for drill holes GOL‐16‐01, GOL‐16‐02 and partial results for GOL‐16‐03 are presented in Table 1 and a map and cross‐section of drill holes is presented in Figure 1. Results for the remainder of GOL‐16‐03 and those for the fourth drill hole, GOL‐16‐04, are currently in the laboratory. This was the first exploration scout drilling program ever to be completed at La Golondrina and in the immediate region which includes the Company’s nearby La Redención gold project and many other high‐grade, small‐scale gold mines. Drill holes targeted subhorizontal stacked quartz‐ carbonate veins and veinlet systems hosted in very strongly altered (biotite, amphibole, silica) tonalite and hornfelsed sediments with corresponding ground magnetic and induced polarization anomalies. Higher grade gold intersections (e.g. GOL‐16‐02; 47.8 grams per tonne gold over 0.25m), with elevated bismuth and copper are associated with quartz‐carbonate pyrrhotite veins up to 30cm wide and lower grade, broad intercepts (e.g. GOL‐16‐02; 24.9 meters at 1.0 grams per tonne, 14.3 meters at 1.0 grams per tonne and entire drill hole, 195.2 meters at 0.4 grams per tonne gold) are generally related with stacked subhorizontal zones of decimeter‐scale veins and shallow‐dipping interconnecting veinlets and stringer zones. | |
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