Close Btn

Newsletter & press release sign up

Royal Road Minerals

Yuoya
Nicaragua

New mines for a new world

Royal Road Minerals

The Yuoya Gold Skarn project is located in Nicaragua’s North Caribbean Coast Autonomous region

The Yuoya Gold Skarn project is located in Nicaragua’s North Caribbean Coast Autonomous region, close to the mining town of Siuna and the historical gold-copper skarn mineralization of La Luz Mine. This project is also 45 kilometers southwest of our Caribe project, in the northeast of Nicaragua.

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.), in which Royal Road Minerals is the operator.

Yuoya, located in the highly prospective area of Nicaragua’s Golden Triangle, is a product of Royal Road’s 2018 green field exploration activities. These activities initially consisted of reconnaissance work around both historical gold occurrences and airborne geophysical anomalies.

The geological setting of Yuoya project consists of undifferentiated packages of phreatic and effusive volcanic rocks (uncertain age), which apparent overlaying calcareous and clastic marine sediments of Cretaceous age. Rock assemblages intruded by cretaceous to tertiary granitic intrusions and hosting of hydrothermal (possibly phreatomagmatic) breccias with gold. The input of breccias and the deposition of gold rich mineralization likely occurred either contemporaneously, or prior to, the emplacement of feldspar rich dikes.

Two distinctive groups of matrix-rich breccias are observed within Yuoya. However, both are characterized by: an abundant pyrite-rich matrix, fragments derived from surrounding volcanic rocks and intense alteration associated with argillized or silicified features.

Initial grabs samples, collected from strongly weathered float blocks, returned anomalous gold values in both groups of breccias (Au = 0.04 to 6.80 ppm). Weathered rocks and pilot soils with gold content is commonly correlated to anomalous tungsten values within breccias.

Weathered rocks with anomalous gold content show quartz-pyrite rich mineralization within both the matrix and clasts. Grade is also observed in silicified breccias containing fragments of feldspar rich intrusions.

Intrusions also evidence the development of sheet veinlets. However, during preliminary exploration work, outcrops of these intrusions do not evidence anomalous gold.

In late 2020, a follow-up auger soil sampling program was implemented to better identify regions of anomalous gold. However, soil and laterite cover were highly variable and often considerably greater than 5m depth, hindering the quality of the results. A pilot RAB drilling program is being designed to better define mineralization.

Yuoya 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.

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...

03.

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...

04.

La LLanada

Colombia

Rocks within the La Llanada region are predominantly Cretaceous age, shelf sediments, deep marine cherts and mafic marine volcanic rocks which have been intruded by Oligocene-Miocene age dioritic...