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Royal Road Intersects 95 meters at 1.5 grams per tonne, Including 45 meters at 3.0 grams per tonne Gold at the Luna Roja Project; Nicaragua
Toronto, Ontario--(Newsfile Corp. - September 14, 2020) - Royal Road Minerals Limited (TSXV: R...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Intersects 95 meters at 1.5 grams per tonne, Including 45 meters at 3.0 grams per tonne Gold at the Luna Roja Project; NicaraguaDrilling intersects new gold mineralization 200 meters across strikeToronto, Ontario--(Newsfile Corp. - September 14, 2020) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce interim drilling results from its 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 initial stage of this program comprises approximately 3000 meters of diamond drilling aimed at locally extending known gold mineralization and exploring newly identified and deeper targets identified by ground microgravity. Initial results from this drilling program returned significant results including LR-DDH-22, 65m at 6.9 g/t gold (including 41 meters at 10.0 g/t gold, see press release July 13, 2020).Results have been returned for a further 6 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-29 18m at 1.0 g/t goldLR-DDH-30 95m at 1.5 g/t gold (including 45 meters at 3.0...