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 Company’s 50-50 strategic alliance with Hemco Mineros Nicaragua.
Rocks within the project area are predominantly calc-alkaline volcanics belonging to the Late Oligocene-Early Pliocene Coyol Group. Intrusive rocks are evident where the sequence is more deeply exhumed. At-least two large porphyritic intrusions have been identified at the Carrao prospect. The dominant structure in the area is a ring-fracture (possible caldera) of approximately 4km diameter. The ring fracture controls hydrothermal alteration over approximately 6km of its circumference which ranges in intensity from advanced-argillic at the Carrao prospect in the south, to argillic in the northeast.
Past drilling campaigns (2014-15) conducted by Nicaza (purchased by Royal Road in 2017), were aimed at identifying near surface high-sulfidation-style gold mineralization and targeted silicified lithocaps and localized breccia bodies. Results were anomalous in gold, copper and silver but no intersections of economic significance were returned. One drill hole QZP-003, was collared into the outcropping porphyritic intrusion at the Carrao prospect in the south of the project area. QZP-003 intersected approximately 130 meters of intensely altered and pyritic breccia which is anomalous in copper and which we interpret as a “pyrite-sericite-shell”, possibly related to underlying porphyry-style copper (± gold) mineralization.
In 2018, Royal Road Minerals conducted reinterpretation and modelling of historic alteration data (Terraspec), which was then used to define an area for a soil sampling program. The results of this reinterpretation and soil sampling strongly support the concealed porphyry model and identified an area for drill-testing.
The exploration team has positioned two scout drill holes to test the underlying porphyry target and is fully permitted to commence drilling. Drill platforms are in place and drilling is expected to commence in late 2019.
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.
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...
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