| Announcement Date: | 2022-06-28 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Royal Road Minerals Ltd. |
| Project name: | Guintar-Niverengo Margaritas |
| Location: | Colombia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 80.5m @ 1g/t Au from 323m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario–(Newsfile Corp. – June 28, 2022) – Royal Road Minerals Limited (TSXV: RYR) (“Royal Road” or the “Company”) announces results from a further three diamond drill holes at its Guintär copper-gold exploration project and initial drill results from the immediately contiguous El Aleman option agreement area, in Antioquia Department, Colombia. The Guintär project is part of the Guintär-Niverengo and Margaritas (GNM) project area which comprises the two contiguous Guintär and Niverengo concession contracts and the neighboring Margaritas concession contract, located approximately 50 Km west of Medellin in Antioquia Department, Colombia (see Figure 1). The titles were acquired through the Company’s purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited (see Press Release May 31, 2019). The GNM project is a 50-50 exploration joint venture pursuant to a strategic alliance agreement dated March 2, 2020 between the Company and Mineros S.A. (“Mineros” TSX:MSA; MINEROS:CB; see Press Release March 3, 2020). Royal Road is operator of the strategic alliance. Drilling at Guintär commenced in July of 2021 and was aimed principally at testing for an underlying intrusive or porphyry-related source to the gold |
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