The
The porphyry occurrences at
The company has completed geological mapping, grid-based soil geochemical sampling and saw-cut rock-chip channel sampling at El Arriero. Geological mapping has revealed a cluster of variably altered, porphyritic intrusions and coeval sub-volcanic bodies that have been emplaced within earlier ring-fracture controlled magmatic breccia bodies. The shallow dipping contact between mineralized intrusive and breccia bodies with crystalline metamorphic host rocks is clearly exposed in surrounding hill sides indicating that present day exposure at El Arriero represents an eroded window into the very top of the porphyry mineralizing system. Hydrothermal alteration at El Arriero is cyclical and complexly overprinting, but broadly characterized by domains of chlorite-epidote and pyrite alteration overprinting earlier potassic zones represented by potassium feldspar, biotite after hornblende and associated vein stockworks of quartz chalcopyrite and bornite.
Sampling and analysis of immature, mostly colluvial soils has revealed a coherent 1000 by 600-meter copper, molybdenum and selenium anomaly which covers the ring-fracture controlled intrusive and breccia system at El Arriero and remains open towards the northeast. Saw-cut channel samples collected mostly from basement rocks hosting sheeted vein systems located peripheral to the porphyry center have returned best results of 20.0 meters at 1.2 g/t gold.
Mapping and further reconnaissance rock-chip sampling is currently underway at the neighboring Divisoria and Alunita porphyry systems and at the Yvette gold-rich polymetallic vein system in the very east of the
The Company has completed a preliminary socio-demographic baseline and community perception study, water and air monitoring, flora and fauna baseline studies and has commenced an archaeological study of the
'It is testament to the quality and commitment of our team, of our community support and the exemplary rigor and assistance of relevant regulatory bodies in San Juan that we have managed to take this project from initial acquisition in late November last year to drill-ready as of now,' said
Quality Assurance and Quality Control
Rock-chip channel samples are collected continuously over one-meter horizontal intervals from 15cm wide channels which are cut using a rock-saw. Samples are prepared and assayed by independent and ISO accredited laboratories of Alex Stewart International Argentina. Gold is analyzed by fire assay with an atomic absorption finish and a measurement range of 0.01 to 100 ppm. Multielement concentrations are analyzed as a 39 element suite by Aqua Regia and ICP-OES. Soil samples were collected from immature and often colluvial soil accumulations by pick and shovel at 50m intervals along north-south lines separated by 100m. Samples were sieved in the field to -2mm and then dry sieved in the laboratory to -80 mesh. Gold is analyzed by fire assay with an atomic absorption finish and a measurement range of 2 to 20,000 ppb. Multielement concentrations are analyzed as a 48-element suite by Aqua Regia and ICP-MS. Commercially prepared standards (gold-copper pulps), blanks (pulps and coarse chips) and field duplicates are inserted into the sample stream by
Cautionary statement
This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, 'forward-looking statements') describing the Company's future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's business or in the mineral resources industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about, among other things, future economic conditions and courses of action, and assumptions related to government approvals, and anticipated costs and expenditures. The words 'plans', 'prospective', 'expect', 'intend', 'intends to' and similar expressions identify forward-looking statements, which may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. There is no guarantee that the anticipated benefits of the Company's business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed from time to time in the Company's filings with Canadian provincial securities regulators or other applicable regulatory authorities. Forward-looking statements included herein are based on the current plans, estimates, projections, beliefs and opinions of the Company management and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
Contact:
Tel: +44 (0)1534 887166
Email: tim.coughlin@royalroadminerals.com
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