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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The company said initial deep-auger sampling results at its Luna Roja gold skarn project in Nicaragua underline the potential in Nicaragua's Golden Triangle region
Colombia's mining sector is one to watch and the country has attracted a plethora of exploration companies developing gold and base metal projects
Royal Road said its initial focus will be on titles containing targets that can be moved to drilling as soon as possible
The deal transforms Royal Road into a major player in one of the world's most prospective gold districts
Royal Road also said on Thursday that Daniel De Narvaez had become executive director for Latin America
The permit comes from the Ministry of Environment and Natural Resources in Nicaragua
Last year, the firm struck a binding framework agreement with Economias Sociales del Comun (ECOMUN)
Luna Roja is a newly identified gold-skarn mineralised system in the Golden Triangle region
Royal Road is now the largest exploration license holder in Nicaragua
"It gives me great pleasure to welcome Roderick to the team," said Tim Coughlin, Royal Road's president and chief executive
The junior, along with local partner Hemco, conducted soil sampling at the project, which is located in the Golden Triangle of northeastern Nicaragua..
Royal Road has applied for more than 400,000 hectares of contracts in the province
CEN will provide socio-environmental advice and Royal Road will ensure best-practices
Drill results from Piedra Imán failed to confirm the copper intersections reported by Noranda in the early 1970s, so Royal Road will instead focus its efforts on Los Andes, its other copper-gold project in Nicaragua
The company also said it had bought an additional 5% of Minerales Camino Real S.A.S., hiking its interest in the company to 97%
Barrick struck a subscription agreement to acquire more than 9.8mln Royal Road shares
The company believes the deal is "innovative, unique and of significant importance" to Colombia
We highlight Royal Road due to its district size properties, location and sparse previous historical exploration work
It comes as the firm received a key governmental environmental permit
The company has appointed an experienced exploration geologist and an environmental and social specialist
