Royal Road

Royal Road and MSB Holdings Enter into Joint Venture Shareholders Agreement for Mineral Exploration

Retrieved on: 
Thursday, June 1, 2023

In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).

Key Points: 
  • In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).
  • The Strategic Alliance Agreement has led to the development of an exploration decision-support-system, the generation of priority target areas and an initial 12-month work program and budget for exploration operations in KSA.
  • Summary terms of the Agreement, subject to regulatory approval, are as follows:
    Whilst each Party holds 50 percent of the issued shares of JVCO, the Board of JVCO shall be made up of an equal number of Directors appointed by Royal Road and MSB.
  • Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.

Royal Road Intersects 207 Meters at 1.1 Grams per Tonne Gold at Its Caribe Discovery; Nicaragua

Retrieved on: 
Wednesday, September 1, 2021

Including 21 meters at 4.1 grams per tonne gold

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - September 1, 2021) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce further interim drilling results from its Caribe gold discovery in northeastern Nicaragua.
  • Royal Road's exploration team discovered the Caribe project during reconnaissance exploration in February of 2018.
  • Outcrop at Caribe is concealed under soil and laterite cover and there is no previous record of mining or mineralization in the area.
  • In 2019, Royal Road and Hemco completed an initial 4-hole, exploratory drilling program at Caribe which returned promising results for gold (see Press Release October 7, 2019).

Royal Road Minerals Receives New 30 Year Mining Concession Contract for Its Margaritas Gold Project in Antioquia; Colombia

Retrieved on: 
Tuesday, August 31, 2021

Toronto, Ontario--(Newsfile Corp. - August 31, 2021) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce that it has received the rights to a newly-granted mining Concession Contract, at its Margaritas gold project in the department of Antioquia, Colombia.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - August 31, 2021) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to announce that it has received the rights to a newly-granted mining Concession Contract, at its Margaritas gold project in the department of Antioquia, Colombia.
  • The Margaritas gold project is located in the Anza mining district, approximately 50 Km west of Medellin.
  • The Public Hearing for the Margaritas Concession Contract (SGL-09001), was conducted on May 27, 2021 and the Concession Contract was granted on August 27, 2021.
  • Mining Concession Contracts have an initial term of 30-years which is extendable for a further 30 years.