Royal Road announces deal to sell its entire 50% interest in the Luna Roja Project in Nicaragua to Mineros SA
Mineros will pay a purchase price of US$22.5 million in cash on the closing of the proposed transaction, plus a 1.25% net smelter royalty
Company
Royal Road Minerals Ltd
CVE:RYR
Royal Road Minerals (TSXV: RYR | OTCQB: RRDMF) is a copper–gold exploration company headquartered in Jersey, Channel Islands. Royal Road is advancing a portfolio of prospective land-packages across Colombia, Saudi Arabia and Morocco. In Colombia, the Guintar–Aleman–Margaritas (GAM) Project represents Royal Road's most advanced project to date, currently in the resource drilling stage. The Company also holds one of the largest portfolios of titles and applications in Colombia. Royal Road’s strategy centres on early entry, systematic target generation and disciplined exploration across a pipeline of copper–gold targets.
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Royal Road reports more results from Caribe gold project in Nicaragua; plans to bring in stronger drill rig
The company has completed 20 drill holes and suspended its program in order to exchange its current drilling rig for a stronger machine with the capacity to drill through problematic clay
Royal Road Minerals enters into binding Letter of Intent to sell its interest in the Luna Roja project in Nicaragua
It expects to receive US$22.5 million in cash plus a 1.25% net smelter royalty for its 50% interest in the Luna Roja gold project
Royal Road Minerals appoints industry lawyer Marcus Stone to board of directors; awards stock options
Stone, who's located in Jersey where the company is domiciled is founding partner of Lexstone Lawyers with over 25 years of experience in corporate finance and works with the mining, oil, and gas industries
Royal Road Minerals welcomes Cindy Davis back to the CFO role
Davis, a veteran financial manager for publicly listed companies through Marrelli Support Services, held the role at Royal Road between December 2015 to June 2018
Royal Road Minerals reports initial gold results from follow-up drilling at Caribe in Nicaragua
The company noted that greater than 0.9 grams per tonne gold was realized from the first seven drill holes of this program
Royal Road Minerals reveals "encouraging" initial drill results from the GNM gold project in Colombia
Highlights of the results include 14 meters at 4.1 grams per tonne (g/t) gold equivalent (AuEq); 10 meters at 2.3 g/t AuEq; and 18 meters at 1.9 g/t AuEq
Royal Road Minerals releases promising new drill results from Luna Roja gold project in Nicaragua
The results indicate a potential new gold mineralized zone on the property, which is in Nicaragua's famed Golden Triangle area
Royal Road Minerals names noted mining advisor Liz Wall as executive director, sustainability
Wall boasts an impressive resume from her work on projects from over 40 countries around the globe in organizations like Rio Tinto and the World Bank Group’s International Finance Corporation
Royal Road Minerals closes C$11.5 million financing for exploration at precious metal projects in Nicaragua and Colombia
In July, Royal Road revealed encouraging drill results from the Luna Roja gold project in Nicaragua
Royal Road Minerals strikes financing agreement to raise C$10 million to help fund Nicaragua and Colombia projects
Under the deal, a syndicate of underwriters led by Stifel GMP will buy 27,150,000 ordinary shares for C$0.37 each
Royal Road Minerals unveils encouraging new drill results from Luna Roja gold project in Nicaragua
Last year, the pair completed an initial 17-hole drilling program at the project, with assays including 49 metres (m) at 2.8 grams per ton (g/t) gold
It’s all systems go at Royal Road Minerals, with drills turning in Nicaragua and northern Colombia and huge potential upside on offer in southern Colombia
Royal Road has an extensive portfolio of highly attractive exploration assets
Royal Road Minerals releases geophysical results suggesting porphyry-style gold mineralization at Caribe project
New ground magnetic data confirmed that the location of an airborne anomaly identified through earlier geophysical work is around 100 to 200 metres below surface and near previous scout drilling at Caribe
Royal Road Minerals announces formalization of deals for two mines in Nariño, Colombia
The group's Colombian subsidiary Exploraciones Northern Colombia SAS (ENC) has struck the deals and related earn-in and option agreements
Royal Road Minerals inks deal to formalize mining operations at highly prospective La Esmerelda concession
Royal Road’s Colombian subsidiary Exploraciones Northern Colombia signed an agreement to enable legal mining at La Esmerelda, in the Nariño district
Royal Road Minerals to resume operations in Colombia under new coronavirus health guidelines
The company's Ministry of Mines issued new guidelines in a government circular
Archive
Royal Road signs another strategic alliance with Mineros
Royal Road Minerals and Mineros enter a definitive strategic alliance agreement for the Guintar-Niverengo-Margaritas Gold Project, located in Antioquia District, Colombia.
Royal Road Minerals and Mineros finalize deal to jointly explore GNM project in Colombia
Royal Road's CEO said the area held 'tangible potential' for a significant gold discovery
Royal Road Minerals – site visit day 3
Proactive's Mining Analyst, Dr Ryan D. Long, updates us on his third and final day in the field with Royal Road Minerals. Today he visits the Luna Roja Gold Project, located in Nicaragua’s North Caribbean Coast Autonomous Region.