The Company’s flagship, the 100% owned Ninobamba Project, hosts 2 discreet precious metal deposits at opposite ends of an 8 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 with partner, Peruvian Metals Corp., who earned a 50% interest by expending US$250,000 at the property. Peruvian Metals operates a nearby commercial mill where the primary sulfide mineral from bulk sampling will be processed once produced. The initial oxide mineral encountered is being shipped to 3rd party processors for treatment. Bulk mining can be ramped up upon completion of the main access tunnel and could provide a cashflow to backstop the Company’s overall exploration plans in a non-dilutive, shareholder friendly way.
Exchange: TSX Venture
Trading Symbol: RYO
Shares Outstanding: 71,797,444
Reporting jurisdictions: British Columbia , Alberta
Auditor: MNP LLP, Chartered Accountants
Transfer Agent: Computershare Trust Company of Canada