18 January 2019
“Royal is exploring quality geological terrane in Latin America, it is preparing to drill it’s Los Andes porphyry copper-gold target, acquiring permits for drilling at its Luna Roja gold skarn and Caribe gold discovery in Nicaragua, it has commenced regional stream-sediment sampling in the under-prospected but highly-prospective gold and porphyry copper-gold districts of Nariño region in Colombia, it has a unique and effective approach to social license, a healthy treasury, an experienced management team and strong institutional and corporate shareholders the largest of-which is Barrick Gold”
Royal Road geologists are working with local indigenous community members to collect reconnaissance stream sediment samples in Nariño Province of southern Colombia. The western cordillera of Nariño is widely-recognized as one of the most under-prospected yet highly-prospective regions of the Andes. It is characterized by two juxtaposed mineral belts, one hosting high-grade intrusion-related gold deposits and the other, porphyry copper and gold prospects. This program is exploring in regions that have been cut-off for over 50-years due to previous internal conflict
...that, I think, is an acceptable (although long-winded) “elevator-pitch” for the start of this coming year. It does, however, rule a rather hard-won line under what was a challenging 2018 both geopolitically and in respect of global financial markets.The newly-elected government in Colombia got off to a slow start but are now thankfully beginning to chalk-up some pro-investment (and pro post-conflict!) points with initiatives such as:
- A new distribution scheme for royalties wherein 50% of proceeds are disbursed by the central government to the relevant region
- Tackling bureaucracy by de-politicizing certain regional government entities and introducing a “single window” process unifying mining and environmental regulators
- Committing to clarify the prior consultation process in indigenous regions
- Strengthening the capacity of public forces to tackle illegal mining
- Issuance of the “Cumaral Ruling” clarifying the states ownership of subsoil resources and regulating popular consultations
In terms of the markets, it is not for us to publicly speculate, our job is to manage the Company so that as best as possible it is able to survive and thrive despite the cyclicity we are forced to endure. Ensuring that we maintain a good pipeline of attractive projects and that we remain open to combinations, joint-ventures and project transactions among other things, are key elements of our surviving and thriving strategy.
Diana Aleman - Investor Relations and Administrative Coordinator, Colombia.
Diana has a double major in International Business and Business Administration from the University Politécnico Grancolombiano, and experience working for the Foreign & Commonwealth Office at the British Embassy in Bogota. Diana has the skill set for dealing with different administrative tasks ranging from financial, HR, office logistics, etc. and working in commercial aspects such as identifying business opportunities and liaising with key stakeholders in order to raise the Company’s profile. More recently Diana worked with Turner & Townsend in Bogota where she focused on establishing financial and accounting procedures and on Business Generation activities for the Colombia office.
Svetoslav Stoilov - Exploration Geologist
Sveto's focus is on regional exploration for gold through the use of desktop studies, remote sensing and field work. He has a master’s degree in Mining Geology from Camborne School of Mines, where he was involved in a number of projects involving target-generation for gold and platinum group metals in Ireland and Finland respectively. Sveto has experience in soil and stream sediment planning for greenfield exploration, data collection and analysis, and geological mapping in structurally complicated regions of Scotland. Furthermore, his interest/expertise in resource estimation has led him to formulate an alternative resource estimation technique in association with Rio Tinto in Australia.
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Respectfully Yours, Dr Tim Coughlin, President and CEO, Royal Road Minerals Ltd