Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) CEO Tim Coughlin tells Proactive's Stephen Gunnion the company has signied a binding letter of intent (LOI) for the option to acquire the Lalla Aziza mining license in Morocco.
Coughlin highlighted the significance of this copper mining project, which is located on a four-kilometer section of a larger shear zone. He discusses the company’s initial steps, including geochemistry work and underground sampling, as well as the exploration potential beyond the license boundaries.
Coughlin also touched on the importance of the existing mining license, which allows Royal Road Minerals to quickly advance the project without facing typical drill permitting delays. “We’re already beyond that in this project, which I think is a significantly unique aspect of it,” he explains. He further elaborates on the terms of the LOI, which lays the groundwork for exploration and a potential drilling program.