The Caribe project forms a part of the Company's
Royal Road's exploration team discovered the Caribe project during reconnaissance exploration in February of 2018. Outcrop at Caribe is concealed under soil and laterite cover and there is no previous record of mining or mineralization in the area. In 2019, Royal Road and
CB-DDH-027 31 meters at 1.0 gram/tonne gold
CB-DDH-029 37.8 meters at 1.0 grams/tonne gold
Gold at Caribe is hosted in hydrothermal breccia bodies with a sulfide-rich matrix composed of pyrite, chalcopyrite and molybdenite and in surrounding (host) volcanic breccias as a broader, locally stratabound lower temperature gold-mineralized halo. Drill hole CB-DDH-025 which intersected 207.45 meters at 1.1 grams per tonne gold is representative of the broader, volcanic breccia-hosted style of gold mineralization and drill holes CB-DDH-027 and CB-DDH-029 both intersected the hydrothermal breccia style of mineralization and have extended the potential of the gold mineralized system towards the north. The extent of gold mineralization at Caribe is unknown, due principally to extensive soil and saprolite cover with the system remaining open to the north, possibly also to the south and at depth.
Exploratory drilling is continuing at Caribe. The Company is also currently completing IP geophysics at the project and Rotary Air Blast/Reverse Circulation (RAB/RC) drilling, aimed at sampling beneath the soil and laterite cover, is expected to commence later this week.
'The fact that drill hole CB-DDH-025 is not dominated by hydrothermal breccia and that its 207 meters of gold mineralization is of the lower-temperature, volcanic-breccia-hosted style, is interesting and encouraging,' said Dr.
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') including statements relating to the
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, those related to the
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
Contact:
Dr.
Tel: +44 (0)1534 887166
Email: info@royalroadminerals.com
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