Ticker: TSX-V: RYO
Project Stage: Exploration
The Company’s flagship, 100% owned Ninobamba Project, hosts 2 discreet precious metal targets at opposite ends of a 6.5 km prospective corridor in a prolific precious metals hosting geological belt in central Peru. The Company has modelled 2 world class resource targets where previously the Company, Newmont Mining and others have spent upwards of US$10 million evaluating this mineralized trend. The silver-rich Ninobamba “Main Zone and South Zones” are drill ready and the Company’s geologists have targeted the near surface, silver and gold mineralization as a potential open pit. At the other end of this trend is the Jorimina Gold Zone that was the primary focus of the Newmont exploration. At the Company’s recently acquired Palta Dorada Property, central Peru, a high grade mesothermal gold and silver vein system is currently being bulk sampled and processed by earn in partner, Peruvian Metals Corp., who is earning a 50% interest by expending a total of US$250,000 at the property. Peruvian Metals operates a nearby commercial mill where the bulk samples will be processed. Bulk mining can be ramped up if successful, and could become a cashflow to backstop the Company’s overall exploration plans in a non-dilutive, shareholder friendly way.
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