Royal ROAD Minerals Provides an Exploration Update ON the Los Andes Project; Nicaragua
NEWS RELEASE
ROYAL ROAD MINERALS PROVIDES AN EXPLORATION UPDATE ON THE LOS ANDES PROJECT;
NICARAGUA
April 18, 2017 – Toronto, Ontario: Royal Road Minera ls 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 manageme nt 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 rela ted to an outcropping por phyry 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 al tered 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.
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In 2015 Caza completed an airborne geophysical surv ey 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 magnet ic body, possibly related to a potassic core (see
Figure 1, C), at a depth of approximately 500 mete rs below the porphyry outcrop mapped at surface.
Royal Road is currently conducting geophysical meas urements (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 th e 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
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is technically well-constrained, is simple to test and very much fits our mandate of finding something
new, large and exciting”.
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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
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results meet international reporting standards. More informat ion can be found on Royal Road Minerals web site at
www.royalroadminerals.com
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, “forwa rd-looking statements”) and
includes statements relating to the Offer and those descri bing 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 c ause the actual results, performance or achievements of
the Company and Caza, or developments in the Company’s and Caza’s business or in the mineral resources industry,
or with respect to the Offer, to differ materially from the anticipated results, performance, achievements or
developments expressed or implied by such forward-look ing 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 ac tion, 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. Fo rward-looking statements of the Company contained in
this news release, which may prove to be incorrect, include, but are not lim ited to, the various assumptions set
forth herein and in the Company’s take-over bid circular prepared and filed in accordance with applicable securities
laws in Canada as well as the ability of the Company to effect a compulsory acquisition and to de-list the Caza
shares from the TSX Venture Exchange.
The Company cautions you not to place undue reliance up on any such forward-looking statements, which speak
only as of the date they are made. There is no guaran tee that the anticipated benefits of the Offer and the
Company’s and Caza’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 and Caza’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 information provided to the Company by Caza, and, except as required by law, the
Company and Caza do not undertake any obligation to update forward-looking statements should assumptions
related to these plans, estimates, projections, beliefs and opinions change. Nothing in this news release should be
construed as either an offer to sell or a solicitation to buy or sell the Company’s securities.
For further information please contact:
Dr. Timothy Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166