Royal Road Minerals Limited
Royal Road Minerals was founded in 2010. The Company is focused on the discovery of Tier 1 gold and copper deposits where they are most likely and most needed.
Royal Road’s team has made several major discoveries. Royal Road is particularly experienced in prospective emerging and post-conflict environments where the Company has collaborated with governments and multilateral institutions to develop responsible, sustainable and exemplary resource projects.
In the last 14 years, more than 50 million ounces of new gold resources have been discovered in Colombia. All major mining companies have a presence in the Country. Colombia is a member of the OECD (the third Country in Latin America, after Mexico and Chile).
The country is cautiously optimistic and carefully establishing the norms and regulations required to ensure the responsible and sustainable development of its abundant resources. Royal Road has executed a landmark social-license agreement with ECOMUN, a commercial body established under presidential decree to assist with the reintegration of ex FARC combatants.
After closing the acquisition of Northern Colombia Holdings Limited (please see news release dated May 31, 2019), Royal Road is the largest exploration title and title application holder in Colombia (500,000 hectares).
The Acquisition significantly increases the Company’s portfolio of potentially Tier 1 exploration assets and provides the Company with various options for joint-venture and cash generating transactions in Colombia. The Acquisition provides the Company with access to drill-ready potentially Tier 1 projects.
The title package is grouped into two blocks, the Southern Block, which is located contiguous with Royal Road’s existing 350,000 hectares of exploration rights in Nariño Province and the Northern Block, which covers the well-known Middle Cauca Belt. There are 16 currently identified individual gold project areas located within the title package and numerous underexplored areas which management believes host significant geologic potential. Royal Road’s initial focus will be on granted titles containing targets that can be moved to the drilling-stage as soon as possible. Some of these targets are:
The title package contains numerous porphyry-style occurrences and two-well known porphyry copper and gold projects that, whilst not drill-ready, will be the short-term focus for the Company’s social and permitting teams:
Nicaragua is the largest gold producer in Central America. The country is highly prospective and considered a mining-friendly jurisdiction.
By virtue of its 50-50 Strategic Alliance with Mineros Nicaragua, Royal Road is the largest exploration license holder in Nicaragua.
Large prospective package including 200k Ha of the Golden Triangle (produced 8 Moz gold since 1900).
3 Drill-Ready Projects for 2019
Los Andes (Porphyry)
Caribe (Gold Anomaly)
Luna Roja (Gold Skarn)
Management and Directors
Dr. Tim Coughlin, President and Chief Executive Officer, Director
PhD (Structural Geology), MSc Exploration and Mining Geology, BSc Geology, FAusIMM, MSEG. 26 years of experience, senior positions with major mining companies. Founder of Lydian International, discovered and raised finance for the exploration and development of the +5Moz Amulsar gold deposit in Armenia, led successful discovery teams in Australia, Peru, Colombia and Eastern Europe. Specialist in frontier mineral exploration, local partnership programs and mining investment in highly prospective environments such as South America, the Caucasus, the Balkans and Russia.
Iván Devía, Chief Operating Director, Colombia
International risk-management and community engagement specialist with 15 years of experience in Latin America and the Middle East. Graduate Human Rights and International Humanitarian Law at the university Nueva Granada. Former Health, Safety and Security Manager of B2 Gold Colombia. Operations and Security Center Manager with AngloGold-Ashanti Colombia.
Aamer Siddiqui, CPA, CA, Chief Financial Officer
Mr. Siddiqui is a manager at Marrelli Support Services Inc. and provides accounting, regulatory compliance and management advisory services to issuers on the Toronto Stock Exchange, TSX Venture Exchange, and other Canadian and U.S. exchanges.
Liz Wall, Director
Peter Mullens, Director
Daniel De Narvaez, Director
Vernon Arsenault, Director
Jon Hill, Director
On October 02, 2019, Royal Road Minerals Ltd. announced that it's Colombian subsidiary, Exploraciones Northern Colombia SAS (ENC), has entered into a formalization agreement and a related earn-in option and royalty agreement with Sociedad Minera San Antonio SAS, a company representing the interests of informal miners that have been carrying out small-scale mining activities at the El Gualtal (formerly La Locura) gold mine, located within ENC's mining concession contract FD5-10k, in Samaniego municipality of Narino district, Colombia.
On October 01, 2019, Royal Road Minerals Ltd. has released the final drilling results from its recently completed 17-hole scout diamond drilling program at its Luna Roja gold project in northeastern Nicaragua. Highlight include drilled 49 m of 2.8 g/t Au at Luna Roja.
On September 26, 2019, Royal Road Minerals Ltd. announced that Colombia's National Mining Agency had officially registered mining concession contract FG2-08001X which covers epithermal and porphyry-style gold occurrences in the municipalities of Filadelfia and Quinchia, located in the company's northern block of titles and title applications.
On September 23, 2019, Royal Road Minerals Ltd. has made a leadership change and has awarded stock options under its stock option plan. Nigel Chapman has been appointed to the position of vice-president of exploration and will be responsible for overseeing the company's exploration activities in Colombia and Nicaragua. The company has also granted employee incentive stock options for its management and employees to purchase an aggregate of 12 million ordinary shares of the company pursuant to the company's stock option plan.
On September 10, 2019, Royal Road Minerals Ltd. announced the an exploration update for its Guintar-Niverengo-Margaritas (GNM) gold project in Antioquia department, Colombia. The GNM title and title application areas were acquired through the company's recently completed purchase of Northern Colombia Holdings Ltd., an affiliate of AngloGold Ashanti Ltd. (see press release dated May 31, 2019). The GNM project area comprises two title areas (Guintar and Niverengo) and one title application area (Margaritas), totalling approximately 3,280 hectares and located in the Anza municipality, 50 kilometres west of Medellin, in Colombia's Middle Cauca belt. The Guintar area is an artisanal mining district with more than 50 known historic underground adits developed on steeply dipping east-west-oriented gold mineralized vein structures.
On July 12, 2019, Royal Road Minerals Limited announced that Aamer Siddiqui has been appointed as chief financial officer of Royal Road Minerals Ltd., effective immediately.
On May 31, 2019, Royal Road Minerals Limited announced that it has closed the previously announced acquisition of Northern Colombia Holdings Limited, which holds or has rights to a title package comprised of mining concession agreements covering approximately 35,747 hectares of land, and the rights with respect to applications that have been made to acquire mining concessions over approximately 168,841 hectares of land, in prospective mineral belts in the Nariño, Cauca and Antioquia departments of Colombia.