The Orofino Gold and Silver project is located within the ‘Golden Triangle’, 20km east of the historical gold-copper La Luz Mine and approximately 25km southwest of the former Rosita copper-gold mine.
The Project forms a part of the Company's 50-50 Strategic-Alliance agreement with Hemco Mineros Nicaragua (a subsidiary of Colombia’s Grupo Mineros S.A. MINEROS:CB).
Royal Road’s exploration team identified the Orofino project during reconnaissance follow-up of historical gold values collected from artisanal mining operations within the area.
The geology at Orofino consists primarily of Palaeogene age rhyolitic pyroclastic rocks (fine tuffs-lapilli tuffs) which are underlain by rhyodacitic domes and andesitic flows. Pyroclastic rocks are interpreted to have formed as a result of dome collapse. Hydrothermal alteration is observed across a 4km2
area, mainly consisting of illite-argillic assemblages and silicification in the interpreted upper parts of the system. Gold is associated with pyrite and low-temperature quartz veins, which appear to be hosted in N-NE dipping coarse tuffs and lapilli tuffs possibly acting as a ‘permeable horizon’.
Notable historical intercepts from chip channel samples include;
188.5 ppm Gold & 78.1 ppm Silver across 2 meters
51.75 ppm Gold & 64.6 ppm Silver across 1.5 meters
33.36 ppm Gold & 11.6 ppm Silver across 1.45 meters
Geological mapping and sampling campaigns are currently underway with reconnaissance drilling planned for the end of 2021.