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Royal Road Minerals Provides Drilling Update from Its Caribe Gold Discovery; Nicaragua
Infill Diamond Drilling Intersects 66 Meters at 1.3 Grams Per Tonne Gold, Scout - RC Drilling Extends Gold Mineralization 300 Meters to the Southwest Toronto, O
About this update from Royal Road Minerals Limited
[{"type":"text","content":" Infill Diamond Drilling Intersects 66 Meters at 1.3 Grams Per Tonne Gold, Scout - RC Drilling Extends Gold Mineralization 300 Meters to the Southwest Toronto, Ontario--(Newsfile Corp. - August 3, 2022) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to provide a drilling update from its Caribe gold discovery in northeastern Nicaragua. The Caribe 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 Mineros S.A., TSX: MSA) and is located in the highly prospective \"Golden Triangle\" of northeastern Nicaragua. Royal Road Minerals is operator of the Strategic Alliance. Royal Road's exploration team discovered the Caribe project during reconnaissance exploration in February of 2018. Outcrop at Caribe is concealed under soil and saprolite cover and there is no previous record of mining or mineralization in the area. In 2019, Royal Road and Hemco completed an initial 4-hole, exploratory drilling program at Caribe which returned promising results for gold. A follow-up diamond drilling program commenced at the project during August of 2020 and has returned encouraging results including CB-DDH-025, 207.45 meters at 1.1 grams per tonne, CB-DDH-016, 100.45 meters at 1.0 gram per tonne; CB-DDH-017, 90 meters at 1.0 gram per tonne and CB-DDH-015, 63 meters at 1.0 gram per tonne gold (see Press Releases November 10, 2020, February 11, 2021, March 17, 2021, September 1, 2021 and Table 1). Diamond drilling has advanced as a combination of infill and step-out exploratory drilling in order to resolve geometry within the known breccia body (carbonate-sericite zone) and test for a possible intrusive source to later-stage, pyrite, chalcopyrite and molybdenite mineralized hydrothermal breccia bodies. Significant new results from infill diamond drilling include: CB-DDH-039 68 meters at 0.9 grams/tonne goldCB-DDH-040104 meters at 0.8 grams/tonne gold; and66 meters at 1.3 grams/tonne goldCB-DDH-044 114 meters at 1.0 grams/tonne gold (not true width and the company does not have sufficient information to make a determination of the true widths of the drill hole intersections) TABLE 1: CARIBE PRELIMINARY DRILL RESULTS TABLE GOLD COMMENTS HOLE ID E N Z(m) DIP AZIM DEPTH FROM TO LE...