- Royal Road Minerals Limited (RYR) has received water concession and discharge permits for its upcoming drilling program
- The drilling program will take place at its Guintär-Niverengo Project in Colombia
- The UK company also reported the public hearing process is now complete for its nearby Margaritas gold project
- The Company has now received the final drilling permits required for its planned follow-up drilling program at the Guintär project area
- Royal Roads is unchanged, trading at C$0.38 at 10:51 am ET.
Royal Road Minerals Limited (RYR) has received water concession and discharge permits for its upcoming drilling program.
The UK company also reported the public hearing process is now complete for its nearby Margaritas gold project.
The Guintär, Niverengo and Margaritas project area comprises the two contiguous Guintär, and Niverengo concession contracts and the neighbouring Margaritas title application area located in the Anza mining district.
The areas are located approximately 50 kilometres west of Medellin, Colombia.
The company has now received the final drilling permits required for its planned follow-up drilling program at the Guintär project area.
Auger soil geochemical sampling is currently ongoing at Margaritas.
The Guintär, Niverengo and Margaritas project area is subject to a strategic alliance agreement between the company and Mineros S.A. Under the terms of the agreement, Mineros may acquire a 50 per cent interest in the project by providing USD $2.5M of exploration funding.
Royal Road Minerals is the operator of the strategic alliance.
“The integration and interpretation of new geological information at Guintär and Niverengo has combined to define some compelling new targets at depth. We look forward to drill-testing these targets early next month. We are very grateful once again for the support of our local communities at Guintär and within the Anza district.
The interaction at the recent Public Hearing was highly valuable, particularly in relation to our Royal Road Accelerator initiative and its aims in respect of diversifying local businesses and formalizing artisanal miners,” said Royal Road Minerals President and CEO Tim Coughlin.
Royal Roads is unchanged, trading at C$0.38 at 10:51 am ET.