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Royal Road Minerals

Caribe
Nicaragua

New mines for a new world

Royal Road Minerals

The Caribe gold project is located in Nicaragua’s North Caribbean Coast Autonomous region, close to the historic mining town of Rosita and 30km to the southeast of Bonanza and the gold mining operations of Royal Road’s 50-50 strategic partner in Nicaragua, Hemco Mineros Nicaragua.

The Caribe gold project is located in Nicaragua’s North Caribbean Coast Autonomous region, close to the historic mining town of Rosita and 30km to the southeast of Bonanza and the gold mining operations of Royal Road’s 50-50 strategic partner in Nicaragua, Hemco Mineros Nicaragua.

Caribe is located within Nicaragua’s “Golden Triangle”, a well-known historic mining region located in north-eastern Nicaragua. The area is host to three historic mines, Santa Rita – Rosita (Skarn Cu-Au), La Luz – Siuna (Skarn Au-Cu) and Bonanza (Low Sulfidation Epithermal). Since 1900 the district has produced in excess of 8 million ounces of gold and 12 million ounces of silver from mainly epithermal vein systems, and skarns.

Caribe is located within Nicaragua’s “Golden Triangle”, a well-known historic mining region located in north-eastern Nicaragua. The area is host to three historic mines, Santa Rita – Rosita (Skarn Cu-Au), La Luz – Siuna (Skarn Au-Cu) and Bonanza (Low Sulfidation Epithermal). Since 1900 the district has produced in excess of 8 million ounces of gold and 12 million ounces of silver from mainly epithermal vein systems, and skarns.

Royal Road’s exploration team discovered the Caribe prospect during reconnaissance follow-up of airborne geophysical anomalies in February of 2018. Topographically the prospect area is relatively planar, there is no outcrop and there is no previous record of mineralization in the area. Initial grab sampling of strongly weathered, argillic-altered and variably-brecciated felsic volcanic float material returned anomalous gold with associated anomalous values in molybdenum and arsenic.

Follow-up deep auger soil sampling was then conducted using a 3-meter long hand-auger to access the residual soil horizon located below the organic and saprolitic layers. Soil-sampling has identified a strongly anomalous area of gold geochemistry of 800 by 500 meters in area. Additionally, 18 small 1 meter square and 2 to 3 meter deep shafts were dug in order to expose bed-rock, assist mapping and collect channel and grab rock-chip samples. The highest grab rock-chip sample collected from these shafts to-date returned 3.5 grams per tonne gold from quartz-veinlet stockwork hosted in strongly oxidized rhyodacite with potassium feldspar alteration.

Shaft and float mapping reveal that gold mineralization is associated predominantly with stringer-style veinlets hosted in strongly argillic-altered felsic volcanic rocks located in the immediate roof and/or adjacent to dioritic intrusive rocks. Due to intense weathering the preservation of hypogene assemblages is highly-localized, but where observed, suggests that hydrothermal alteration is represented by strongly pervasive chlorite, locally pervasive epidote and microcrystalline-quartz-rich stringers with associated potassic feldspar and pyrite.

Royal Road and Hemco have completed an initial 4-hole, 413 meter, exploratory drilling program at Caribe. All drill holes intersected gold with significant intersections including

CB-DDH-001 28m at 1.1 g/t gold

CB-DDH-002 14m at 1.0 g/t gold

CB-DDH-004 18m at 1.0 g/t gold

Caribe is located within Nicaragua’s “Golden Triangle”, a well-known historic mining region located in north-eastern Nicaragua. The area is host to three historic mines, Santa Rita – Rosita (Skarn Cu-Au), La Luz – Siuna (Skarn Au-Cu) and Bonanza (Low Sulfidation Epithermal). Since 1900 the district has produced in excess of 8 million ounces of gold and 12 million ounces of silver from mainly epithermal vein systems, and skarns.

Royal Road’s exploration team discovered the Caribe prospect during reconnaissance follow-up of airborne geophysical anomalies in February of 2018. Topographically the prospect area is relatively planar, outcrop is limited to creek exposures and there is no previous record of mineralization in the area. Initial grab sampling of strongly weathered, argillic-altered and variably-brecciated felsic volcanic float material returned anomalous gold with associated anomalous values in molybdenum and arsenic.

Follow-up deep auger soil sampling was then conducted using a 3-meter long hand-auger to access the residual soil horizon located below the organic and saprolitic layers. Soil-sampling has identified a strongly anomalous area of gold geochemistry of 800 by 500 meters in area. Additionally, 18 small 1 meter square and 2 to 3 meter deep shafts were dug in order to expose bed-rock, assist mapping and collect channel and grab rock-chip samples. The highest grab rock-chip sample collected from these shafts to-date returned 3.5 grams per tonne gold from quartz-veinlet stockwork hosted in strongly oxidized rhyodacite with potassium feldspar alteration.

Caribe map

Caribe figures

Caribe Figure

Projects

Royal Road is focused on the discovery of “ Tier 1” gold and copper mines where they are most likely and most needed

We are the largest title and title application holder in Colombia with quality gold and copper exploration projects located in two main regions; The Northern Block, encompassing the prolific Middle Cauca belt, and the Southern Block, incorporating the most prospective and under-explored regions of the Andes.

Operating under the structure of a 50-50 strategic alliance with HEMCO Mineros Nicaragua, we are the exploration largest license holder in the Country. Currently, the exploration work in Nicaragua is focused on drill-testing three drill-permitted gold and copper-gold projects.

01.

Los Andes

Nicaragua

Royal Road Minerals controls 100% of six mineral exploration concessions covering the Los Andes District. The total concession package is approximately 18,500 hectares. The project forms part of the...

02.

El Gualtal

Colombia

The El Gualtal gold mine is located in the La Llanada-Sotomayor goldfield, approximately 60km west-northwest of Pasto in Nariño province of southern Colombia and within Royal Road’s mining concession...

03.

Rio Nulpe

Colombia

The Rio Nulpe project area is located at Colombia’s southern border with Ecuador in Nariño province some 110 kilometers to the southwest of the provincial capital Pasto, and 30 kilometres to the...

04.

Luna Roja

Nicaragua

The Luna Roja gold skarn project is located in Nicaragua’s North Caribbean Coast Autonomous region, close to the historic mining town of Rosita and 26km to the southeast of Bonanza and the gold...