Royal Road Minerals has released results from its recently completed diamond drilling program at the Luna Roja gold project in Nicaragua.
The Luna Roja project is part of a strategic alliance agreement with Hemco Mineros Nicaragua and is located in the highly prospective Golden Triangle region of northeastern Nicaragua. Mines in the region have been operating since the early 1900s.
The first drilling program to be completed on the project returned significant intersections including, 40.65 meters at 2.5 grams per tonne, 23.5 meters at 5.1 grams per tonne, 12.0 meters at 7.1 grams per tonne and 5.5 meters at 12.2 grams per tonne gold.
The drilling results indicate that gold mineralization remains open at depth (down to 150m vertical depth) and management believe that potential exists for further gold mineralization in a downthrown block concealed structurally below mapped marbles and skarnoids to the southeast.
Samples of the drill core have been shipped to Bureau Veritas Vancouver for preliminary metallurgical testing.
"These drilling results are a great start at Luna Roja," said Royal Road president and CEO Dr. Tim Coughlin. "This discovery is a product of great teamwork and of an exemplary collaboration with our partners, Hemco Mineros Nicaragua. The possibility of extensions to gold mineralization at depth and under faulted cover to the southeast at Luna Roja is enticing. We are also excited to have established our first Designated Project Area and look forward to advancing the Luna Roja project with our partners Hemco Mineros Nicaragua and with the local community, local authorities and other valuable regional stakeholders."