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Royal Road Minerals Announces Initial Gold Channel - Sampling Results from the Luna Roja Gold Skarn Project; Nicaragua
Toronto, Ontario--(Newsfile Corp. - September 25, 2018) - Royal Road Minerals Limited (TSXV: R...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Announces Initial Gold Channel - Sampling Results from the Luna Roja Gold Skarn Project; NicaraguaToronto, Ontario--(Newsfile Corp. - September 25, 2018) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce initial surface channel rock-chip sample results from its newly identified Luna Roja Gold Skarn project in the Golden Triangle region of northeastern Nicaragua.The Luna Roja prospect forms a part of the Company's 50-50 Strategic-Alliance agreement (see press release; September 6, 2017) with HEMCO Nicaragua (a subsidiary of Colombia's Grupo Mineros S.A. MINEROS:CB) and is located in the highly prospective Golden Triangle of northeastern Nicaragua (Figure 1), a region characterized by epithermal style gold veins, skarn and porphyry-style mines that have combined to produce in excess of an estimated 8 million ounces of gold since the early 1900's. HEMCO Nicaragua own and operate the Bonanza gold mine in the Golden Triangle and manage an innovative toll-treatment program which processes mineralized material from artisanal operations throughout the region. Royal Road Minerals is operator of the Strategic Alliance. The Luna Roja project is a newly identified gold-skarn mineralized system represented by a metasomatized sequence of felsic intrusive and carbonate rocks, overprinted by a low-sulfide, skarn-type alteration characterized by: 1) a strongly oxidized and well-exposed exo-skarn, developed in marble; and 2) a partially-exposed massive endo-skarn developed in intrusive rocks. Gold skarn generally occurs as massive bodies with individual outcrops ranging from 2 to 25 meters in width and 2 to 50 meters in strike length. Skarn bodies are subvertical or dip steeply towards the southwest and where exposed, the skarn system extends over a known strike distance of 1100 meters and over a width of 380 meters (the system remains open under recent cover rocks: Figure 1).Figure 1: Geologic map and rock-chip channel localities. Luna Roja Project, NicaraguaTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4008/38894_figure2.jpg So far the company has collected 318 continuous rock-chip channels from 50 localities over an area of 550 x 250m across the project with results presented in Table 1. Where continuous outcrop was present, cha...