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Royal Road Minerals Ltd.
Summary
| Project: | Luna Roja | |
|---|---|---|
| Deposit: | Luna Roja | |
| Location: | Nicaragua | |
| Commodities: | Gold | |
| Date: | 6/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Definition | |
| Report details: | 5-6-2020: Royal Road Minerals Ltd. announces a Supporting Acquisition report for its Luna Roja deposit at the Luna Roja project. Summary of property in support of acquisition. Royal Road Minerals (RYR) has commissioned Luna Recursos Naturales (LRN) and Mr | |
| Resources: | x | |
| CP/QP: | [Overall Report] Robert Nigel Chapman (Luna Recursos Naturales) | |
| ABSTRACT: | Royal Road Minerals (RYR) has commissioned Luna Recursos Naturales (LRN) and Mr Nigel Chapman (QP) to produce this Technical Report to comply with NI 43-101´s Standards of Disclosure for Mineral Projects but has not been filed with the Toronto Stock Exchange (TSX). This Technical Report is focused on the Luna Roja Property (Luna Roja or the Property), a Joint Venture (JV) (or Alliance) between RYR and Hemco in Nicaragua´s Golden Triangle. RYR has acquired a 50% interest in the Luna Roja Property subject to the terms of an agreement with Hemco-Mineros which was signed on September 6th, 2017 RYR will be the operator under the terms of the Alliance and any joint ventures formed thereunder, and certain decisions of the operator will be subject to the approval of a management committee consisting of two representatives of each of RYR and Hemco. The Property is in Nicaragua’s “Golden Triangle”, a well-known historic mining region located in north-eastern Nicaragua. The Golden Triangle is estimated to have had historical production totalling more than 5 million oz of gold (Au), 4 million oz of silver (Ag), 158,000 tons of copper (Cu), and 106,000 tons of zinc (Zn) (Arengi, et al, 2003) | |
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