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Royal Road Minerals reveals "encouraging" initial drill results from the GNM gold project in Colombia

Highlights of the results include 14 meters at 4.1 grams per tonne (g/t) gold equivalent (AuEq); 10 meters at 2.3 g/t AuEq; and 18 meters at 1.9 g/t AuEq

Royal Road Minerals -
The results come as part of an initial 1179 metre drill program focused on the Niverengo title area of the project

Royal Road Minerals Limited (CVE:RYR) revealed new drill results on Tuesday from its Guintär-Niverengo and Margaritas (GNM) gold project in Antioquia, Colombia. 

Highlights of the results include 14 meters at 4.1 grams per tonne (g/t) gold equivalent (AuEq); 10 meters at 2.3 g/t AuEq; and 18 meters at 1.9 g/t AuEq with 21.5 meters at 1.3 g/t AuEq.

The results come as part of an initial 1,179 metre drill program focused on the Niverengo title area of the project.

READ: Royal Road Minerals releases promising new drill results from Luna Roja gold project in Nicaragua

The Toronto-based firm said that gold mineralization at Niverengo is related to garnet, pyroxene skarn alteration and pyrrhotite vein and breccia bodies. Recent multi-element geochemical vector studies indicated the deposit may be laterally and vertically distal from the primary gold source, implying that further drilling should target deeper vein or breccia bodies.

Royal Road CEO Tim Coughlin called the results from the initial drill program “encouraging".

“(When) combined with existing geochemical information, they have assisted us in identifying regions where deeper drilling, targeting potentially underlying larger-scale intrusion-related gold systems, is required," Coughlin said in a statement.

"Our plan for the GNM project now is to complete further field-based studies and refine our drill targeting.”

Coughlin added that the firm is working with the Secretary of Mines in Antioquia to convert the nearby Margaritas title application into a concession contract before the company returns with the drill rig to conclusively test all targets in the GNM area in early 2021.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @aharmantas

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TSX-V:RYR
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