Toronto, Ontario--(Newsfile Corp. - April 18, 2017) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to provide an exploration update from its Los Andes project in Nicaragua.
The Los Andes project is located 90 km from Managua in the Department of Boaco, Nicaragua and is being acquired by Royal Road from Caza Gold Inc ("Caza Gold", see press release 15th March).
Recent field reviews have confirmed what management believes is a compelling drill-ready porphyry copper (± gold) target at Los Andes. Very thorough Terraspec® alteration analyses, conducted by Caza Gold and using a database containing in excess of 4,500 rock-chip samples has identified that the most intense hydrothermal alteration at Los Andes is related to an outcropping porphyry body with strongly pyritic breccia located peripheral to it (see Figure 1).
One drill hole, QZP-003 which was drilled in 2014 (see Figure 1), collared into the porphyry body and intersected approximately 130 meters of intensely altered and pyritic breccia which is anomalous in copper and which we interpret as a "pyrite-shell", possibly related to underlying porphyry-style copper (± gold) mineralization (see Figure 1). Drill hole QZP-003 is the only drill hole to target the area of most intense hydrothermal alteration at Los Andes.
In 2015 Caza completed an airborne geophysical survey over the Los Andes area which highlighted a well-defined magnetic anomaly corresponding to the area of most intense hydrothermal alteration (see Figure 2). 3D modelling of this data implies a magnetic body, possibly related to a potassic core (see Figure 1, C), at a depth of approximately 500 meters below the porphyry outcrop mapped at surface. Royal Road is currently conducting geophysical measurements (magnetic susceptibility) on drill core from QZP-003 with the aim being to better constrain the 3D model and providing a robust porphyry drill-target. The Los Andes target is fully permitted for drill testing.
"We are very excited by these observations and the potential of an underlying porphyry copper-gold body at Los Andes," said Dr Tim Coughlin, Royal Road's President and CEO. "We believe this target, which is technically well-constrained, is simple to test and very much fits our mandate of finding something new, large and exciting."
The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Royal Road Minerals Ltd and a qualified person as defined by National Instrument 43-101. Royal Road Minerals employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards. More information can be found on Royal Road Minerals web site at www.royalroadminerals.com.
