Royal Road Minerals has identified an important opportunity for social, environmental and economic development in the presence of small informal miners in the company's mining concession.
This opportunity was identified under the Sustainable Development Framework of the company, which aims to build strong relationships with local authorities and the communities in the areas of influence.
Accordingly, the Company has contemplated the regularization and formalization of mining with a social approach, that allows for the productive transformation of the population, with the aim of improving their quality of life.
Royal Road Minerals formalization processes are aligned with the Mining Formalization Policy issued by the Colombian Ministry of Mines and Energy.
Founded on January 1st of 1845 as a municipality. It has an extension of 809 square kilometers, with a population of 19.414. Its main economic activities are mining and agriculture.
Founded as a municipality in August 27, 1991. It has an area of 265 square kilometers, and a population of approximately 8,755. Its main economic activities are Mining and Agriculture.
Unlike the majority of gold deposits in the region, the La Candelaria and San Miguel gold mines are hosted in a silicified and folded sedimentary succession. Gold mineralization is predominantly related to steep to moderately-dipping and northeast trending brittle shear zones and is concentrated in 25 to 30 centimeter wide vein centers, surrounded by vein-stockwork zones of an unknown width. Rock-chip channel and grab sampling completed by AngloGold Ashanti at La Candelaria in 2010, returned best results of 2.0 meters at 50.4 and 2.0 meters at 16.1 grams per tonne gold (32 samples, mean 3.0 grams per tonne gold, lowest result below laboratory detection limit). The presence of gold related to vein stockwork mineralization in the sedimentary wall-rocks at La Candelaria and San Miguel, imply the possibility of gold mineralization over wider, more economic widths.
The La Esmeralda gold mine is a shallow-dipping, quartz-carbonate vein and vein-stockwork system located and hosted in the “roof-zone” and adjacent contact zone of a tonalite intrusion and overlying and adjacent carbonaceous shale sequences. The mine operation comprises approximately 41 tunnels extending vertically over some 50 meters from the base of a steep hillside. Ore is hand-selected, gold is coarse and free and recovered by gravity separation. Mining at La Esmeralda was suspended by regulatory authorities in 2016. There are no reliable records of previous production. In 2010 and 2011, AngloGold Ashanti conducted geological mapping, grab and channel rock-chip sampling and ground geophysics at La Esmeralda. 138 combined grab and rock-chip channel samples were collected and returned a maximum of 133.5 grams per tonne gold (average of 4.5 grams per tonne gold; lowest results at below laboratory detection limit). AngloGold Ashanti’s best underground rock-chip channel sample results from La Esmeralda are as follows:
2.0 Meters at 48.1 grams per tonne gold
2.0 Meters at 23.0 grams per tonne gold
2.0 Meters at 12.8 grams per tonne gold
2.0 Meters at 12.7 grams per tonne gold
1.2 Meters at 21.6 grams per tonne gold
1.0 Meters at 39.4 grams per tonne gold
1.0 Meters at 17.0 grams per tonne gold
0.2 Meters at 65.1 grams per tonne gold
Lawyer from the University of San Buenaventura, specialized in Administrative Law at the Pontificia Bolivariana University, and in Social Responsibility in Mining in the Mining Chamber of Peru.
Professor at the Pontificia Bolivariana University, of the Social Responsibility in the Mining Sector.
Wide experience in processes of formalization, regularization and legalization of mining activities in relation to artisanal miners, as well as experience in community work and economic resettlement processes, in accordance with IFC International Standards of the World Bank. Experience in the mining sector since 2008 in companies such as B2Gold Colombia, Gramalote Colombia Limited and as independent advisor.
Mining Engineer from the Pedagogical and Technological University of Colombia, specialized in Environmental Management of the Mining and Petroleum Industry of the University of Santander, Specialist in Occupational Health and Occupational Risks of the Manuela Beltrán University and Master in Mining Operations Management of the Mining Chamber of Peru.