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Royal Road Minerals Recommences Drilling and Reports Further Positive Results from Its Caribe Gold Discovery; Nicaragua
Toronto, Ontario--(Newsfile Corp. - March 17, 2021) - Royal Road Minerals Limited (TSXV: RYR) ...
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Royal Road Minerals Recommences Drilling and Reports Further Positive Results from Its Caribe Gold Discovery; NicaraguaToronto, Ontario--(Newsfile Corp. - March 17, 2021) - Royal Road Minerals Limited (TSXV: RYR) (\"Royal Road\" or the \"Company\") is pleased to announce further interim drilling results and that it has recommenced drilling at 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 Colombia's Grupo Mineros S.A. MINEROS:CB) 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 laterite 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 (see Press Release October 7, 2019). A follow-up diamond drilling program commenced at the project during August of last year and has returned encouraging initial results including; CB-DDH-016, 100.45 meters at 1.0 grams per tonne and CB-DDH-016, 63 meters at 1.0 grams per tonne gold (see Press Releases November 10, 2020, February 11, 2021 and Table 1). Results for a further 4 exploratory drill holes have now been returned. Significant results include:CB-DDH-017  90 meters at 1.0 gram per tonne gold (bogged and abandoned above objective)CB-DDH-019  35 meters at 1.0 and 10 meters at 1.0 grams per tonne gold (bogged and abandoned above objective)(not true width and the company does not have sufficient information to make a determination of the true widths of the drill hole intersections)In the majority of cases, individual drill holes at Caribe have been unable to reach their planned objective due to the drilling rods becoming stuck in zones of strong clay alteration. Drilling was suspended whilst a drilling rig with more depth capacity was sourced. Drilling has now recommenced with a new and more powerful drilling rig capable of transecting the problematic clay zones and testing the continuity o...