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Royal Road Minerals Ltd.
Summary
| Project: | La Golondrina | |
|---|---|---|
| Deposit: | La Golondrina | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2016: Royal Road Minerals Ltd. announces a Supporting Acquisition report for its La Golondrina deposit at the La Golondrina project. Summary of property in support of acquisition. CSA Global was commissioned by Royal Road Minerals (“RYR”) to provide | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dennis Arnie (CSA Global Pty Ltd.) | |
| ABSTRACT: | CSA Global was commissioned by Royal Road Minerals (“RYR”) to provide an independent geological review of the 120 Ha La Golondrina project (“Project”) to NI43‐101 standards, prior to the commencement of a new exploration program. RYR operates in Colombia through its wholly‐owned subsidiary Minerales Camino Real S.A.S. (“MCR”). The Project is located 5 km north‐west of the municipality of Los Andes‐Sotomayor within the La Llanada gold district, Nariño Department, in southwestern Colombia. It is situated at approximately 2000 masl within the Andean Cordillera, a region characterized by steep topography. The owners of concession HDQ‐081 (the Project) are Anastacio Ademelio Solarte Rodriguez and Richard Ignacio Apraez Caicedo. A large proportion, but not all, of the surface rights covering the Project are owned by Richard Ignacio Apraez Caicedo. RYR has executed an Option Agreement with the owners of the Project that provides for a 3‐year option to acquire up to 100% of the Project. The Project occurs in the Colombian Andes within Cretaceous volcano‐sedimentary rocks of the D’agua Group. This belt was intruded during the Neogene by the El Vergel Batholith and associated stocks. Intrusive‐related gold mineralization is associated with this magmatic episode in southern Colombia. | |
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