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Royal Road Minerals Ltd.
Summary
| Project: | Luna Roja | |
|---|---|---|
| Deposit: | Luna Roja | |
| Location: | Nicaragua | |
| Commodities: | Gold | |
| Date: | 7/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-7-2020: Royal Road Minerals Ltd. announces an Exploration/Drilling Update report for its Luna Roja deposit at the Luna Roja project. Drilling results incl. 65m @ 6.9g/t Au from 90m. Toronto, Ontario--(Newsfile Corp. - July 13, 2020) - Royal Road Minera | |
| Resources: | x | |
| CP/QP: | [Overall Report] Tim Coughlin (Internal) | |
| ABSTRACT: | Toronto, 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 2 nd 2019) . This was the first drilling program to be completed on the project. Promising results included; LR-DDH-3, 49mat 2.8 g/t gold (including 22mat 5.3 g/t gold); LR-DDH-12, 49mat 2.4 g/t gold, (including 18mat 5.4 g/t gold) and LR-DDH-016, 69mat 1.5 g/t gold (including 15mat 2.5 g/t gold). | |
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