Royal Road Minerals – site visit day 2
Proactive's mining analyst, Dr Ryan Long, updates us on day two of his site visit, in which he visited Royal Road’s Caribe Gold Project, located in Nicaragua’s North Caribbean Coast Autonomous Region.
Company
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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Proactive's mining analyst, Dr Ryan Long, updates us on day two of his site visit, in which he visited Royal Road’s Caribe Gold Project, located in Nicaragua’s North Caribbean Coast Autonomous Region.
Proactive's mining analyst, Dr Ryan Long, updates on day one of his site visit, which is to Royal Road Minerals’ Guiter-Niverengo Gold Project, located in Antioquia, Colombia.
Arseneau has more than year years experience as a geologist and co-founded Royal Road in 2010
After spending US$2.5 million, Mineros SA will acquire 50% of the project company and the firms will then operate it on a joint-venture basis
Royal Road told shareholders that it believes potential exists for higher-grade, bulk tonnage targets at depth
Pollitt & Co Inc will act as the lead agent to offer up to around 22.7 million shares at C$0.22 each, for gross proceeds of up to C$5 million
All four holes intersected gold with "significant intersections," the company said
The project is in its Colombian subsidiary's mining concession contract in Nariño District
Today's results come from the final three holes of a 17-hole, 2,472-metre scout program
The firm said the mining contract covers epithermal and porphyry style gold occurrences in the municipalities of Filadelfia and Quinchía
CEO Tim Coughlin said Chapman has worked with the company for the last six months in Colombia and made a positive difference
The overall project area consists of two title areas, called Guintar and Niverengo, and one title application area called Margaritas
The companies have completed an initial 17-hole, 2,472 meter, scout drilling program and results have been returned for the first 13 holes
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
A recent feasibility study at the Madsen project has highlighted its attractive economics
Aamer Siddiqui has a depth of experience in accounting, regulatory compliance and management advisory services to publicly-listed companies
The new acquisition significantly increases the junior explorer’s portfolio of high-potential exploration assets in Colombia
The news comes as part of Royal Road’s previously announced C$8 million financing, which closed on Friday, with the company issuing nearly 26.1 million new shares to Agnico Eagle to bring the gold miner’s total to 42.5 million shares
Wall's two-decade career began with mining titan Rio Tinto
The Colombian acquisition includes mining concession agreements covering approximately 36,000 hectares