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Royal Road Minerals on the hunt for Tier 1 gold and copper mines in Nicaragua and Colombia

  • Seeking a Tier 1 discovery

  • The largest exploration title and application holder in Colombia, a well-known gold address

  • De-risking assets steadily via social and environmental work

What Royal Road Minerals does:

Royal Road Minerals Limited (CVE:RYR) (OTCMKTS:RRDMF) is a mining company with an experienced management team and assets in Colombia and Nicaragua.

In its corporate presentation, the company says its aim is to find so-called ‘Tier 1’ gold and copper mines in areas they are most likely and also most needed.

While there is no official definition of such a deposit, the term has become part of the language of mining since titan BHP PLC (LON:BHP) vowed to invest only in “tier one” assets that were ‘large, long-life, low cost and expandable’.

To give an idea of a resource figure for such a deposit, refer perhaps to Ecuador-focused SolGold, which said late in 2018 that its Alpala resource was Tier 1 and now estimated to contain 13.1 million tonnes of copper equivalent.

For Royal Road, it is worth highlighting that in the last 15 years, more than 50 million ounces of new gold has been discovered in Colombia, a country where all major mining groups have a presence.

How does the asset portfolio look?

The firm has been in Nicaragua since 2017 where it has a 50:50 joint venture with a local gold producer Hemco Mineros Nicaragua. Three projects are permitted and drill ready. They are the Los Andes porphyry copper and gold project, the Luna Roja gold project, and the Caribe gold project.

The firm holds a large package of land, which includes 200,000 hectares in the so-called resource rich Golden Triangle.

In Colombia, with its acquisition in a portfolio of exploration assets from mining major AngloGold Ashanti (JSE:ANG), Royal Road became the largest exploration holder of claims in the country – at around 600,000 hectares.  The Anglo assets are contained within a northern block grouping and a southern block.

The Southern Block lies contiguous with Royal Road’s existing 3,500 sq km of exploration rights in Nariño Province, while the Northern Block covers the well-known Middle Cauca Belt, a region hosting over 50 million ounces of recently discovered gold resources.

What’s the latest?

The company has been able to keep coronavirus disruption to a minimum, and has recently been engaged in further exploration efforts on its portfolio of assets both in Nicaragua and Colombia. In September the company reported positive drill results from Colombia, while in November further positive drilling results came in from the ongoing campaign in Nicaragua.


What the boss said:

The project pipeline is developing well and thanks to the great work of our dedicated operations teams; as planned,” says chief executive Tim Coughlin. “In respect of our most advanced exploration projects, drilling is currently underway at the Caribe porphyry gold project in Nicaragua (results soon) and geological modelling is being carried out in readiness for the return of the drilling rig to our Luna Roja gold skarn project, just 16km to the north of Caribe.”


Read: Royal Road Minerals leveraging a vast portfolio in Colombia and Nicaragua

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