Royal Road Minerals Limited announced that it has entered into a binding heads of agreement (the Heads) with an individual title holder, which provides the Company with the option to acquire 100% of certain mineral rights comprising the Santo Domingo porphyry copper and gold district in San Juan Province, Argentina. The Santo Domingo district is located 120 km east of San Juan City at an average altitude of approximately 1,200 meters above sea level. The district comprises two, as-yet undrilled, porphyry copper-gold occurrences (Divisiora and El Arriero) and several vein-hosted gold and silver occurrences located within a mineral rights package comprising 14 separate title areas and covering a total area of approximately 200 square kilometers.

The porphyry-style occurrences at Santo Domingo are of a significant surface extent and show characteristic zoned porphyry-style alteration from central potassic altered cores (secondary biotite ± potassic feldspar) with quartz-magnetite-chalcopyrite veins, passing outwards to phyllic and propylitic styles of alteration. Although previous work has considered the porphyry occurrences as discrete and separate systems, rock chip geochemistry seems to show a classic zoned pattern with copper only mineralization hosted within a potassic core at El Arriero and gold seemingly occurring peripheral to this core. Furthermore, topography and mapped intrusion patterns may be interpreted to imply that the area sits within the immediate roof zone to a larger and connected porphyry copper and gold system concealed at depth.

Elementos concluded that the IP and AMT geophysics showed potential for deep extensions to the porphyry-style mineralization exposed on surface.