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Royal Road Intersects 65 Meters at 6.9 grams per tonne Gold at the Luna Roja Gold-Skarn Project; Nicaragua
Toronto, Ontario--(Newsfile Corp. - July 13, 2020) -  Royal Road Minerals Limited (TSXV: ...
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[{"type":"text","content":"Royal Road Intersects 65 Meters at 6.9 grams per tonne Gold at the Luna Roja Gold-Skarn Project; NicaraguaToronto, Ontario--(Newsfile Corp. - July 13, 2020) -  Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce initial interim drilling results from its current diamond drilling campaign at its Luna Roja gold project in northeastern Nicaragua.The Luna Roja project forms a part of the Company's Strategic-Alliance agreement (see press release; September 6, 2017) with Hemco Mineros Nicaragua (\"Hemco\" a subsidiary of Colombia's Grupo Mineros S.A. MINEROS:CB) and is located in the highly prospective Golden Triangle of northeastern Nicaragua, a region that has produced some eight million ounces of gold since the early 1900's. Hemco Mineros Nicaragua own and operate the Bonanza gold mine which is located approximately 26 kilometers to the northwest of Luna Roja. Royal Road Minerals is operator of the Strategic Alliance.In 2019, Royal Road and Hemco completed an initial 17-hole (2472 meter), scout drilling program at Luna Roja (see press release October 2nd 2019) . This was the first drilling program to be completed on the project. Promising results included; LR-DDH-3, 49m at 2.8 g/t gold (including 22m at 5.3 g/t gold); LR-DDH-12, 49m at 2.4 g/t gold, (including 18m at 5.4 g/t gold) and LR-DDH-016, 69m at 1.5 g/t gold (including 15m at 2.5 g/t gold). A follow-up drilling program commenced at Luna Roja on May 2nd of this year. The program comprises some 3000 meters of diamond drilling aimed at locally extending known gold mineralization and exploring newly identified and deeper ground microgravity targets. Results have been returned for the first 9 drill-holes (see Table 1; intersections are not true widths and the Company does not have sufficient information to make a determination of the true widths of the drill hole intersections of the mineralized zones). Significant intersections include:LR-DDH-19 30m at 1.2 g/t gold and;                                 22m at 1.1 g/t goldLR-DDH-22 65m at 6.9 g/t gold (including 41 meters at 10.0 g/t gold)LR-DDH-23 12m at 2.7 g/t goldLR-DDH-24 13m at 1.2 g/t goldDrill hole LR-DDH-22 was drilled to test the downdip extension of LR-DDH-3 (see Figure 1) and passed t...