Firstly, we trust you and your family are well and we wish you fortitude and optimism during these trying times. From a commercial perspective and for what it is worth given the circumstances, there has been an obvious ‘golden-lining’ to the turmoil which has gone someway to reflecting value and allowed us to recapitalize through the oversubscribed offering we announced as closed, yesterday. We thank all of you who participated, our gratitude as always to existing shareholders and a spirited welcome to the new shareholders both institutional and individual who have now joined us.
Obviously the pandemic has presented us with new challenges and a need to adapt operations accordingly. Whereas drilling operations are manageable, laboratory turnaround times are slow, often taking up to a month from sample dispatch to the receipt of preliminary results. Regional exploration is about to commence again in Nicaragua and Colombia, although rural communities are understandably cautious in respect of receiving outsiders.
At Luna Roja in Nicaragua (Royal Road Intersects 65 Meters at 6.9 Grams Per Tonne Gold at The Luna Roja Gold-Skarn Project: Nicaragua), the plan is to complete the current 3000 meter drilling program and then move the drill rig to the Caribe Project some 16 kilometers to the south (Royal Road Reports Positive Drilling at its Caribe Discovery; Nicaragua).
To get a better idea of where these two projects are located in relation to each other and to take a 3D “street view” of specific localities, click here https://bit.ly/30eS0l4 for a Google Earth tour (hint: Use the menu bar on the left to select specific locations).
Nuestro Gerente Social Francisco Espinoza y la Geóloga Scarleth Murillo presentan un breve recorrido por el proyecto de oro Luna Roja en Nicaragua
En Colombia, la perforación continua en el proyecto Guintar-Niverengo-Margaritas (Royal Road Enters Into Definitive Strategic Alliance Agreement with Mineros S.A. for Colombian Joint Venture) y en el yacimiento de oro de La Llanada, avanzan los proyectos de formalización y se están obteniendo los permisos de perforación en el Gualtal. (Royal Road Enters Agreements to Formalize Mining Activities at The El Gualtal Gold Mine, Narino District, Colombia) y en La Esmeralda (Royal Road Enters Agreements to Formalize Mining Activities at The La Esmeralda Gold Mine, Narino District, Colombia).
¡Le agradecemos su apoyo!
Atentamente, Dr. Tim Coughlin
Para más información póngase en contacto con:
Relaciones con inversionistas
EE.UU.-Canadá (sin cargo): + 1-800-638-9205
Teléfono: +44 (0) 1534 887166
In Colombia Royal Road Minerals operates through its wholly-owned Colombian companies Minerales Camino Real SAS founded in 2015 and Exploraciones Northern Colombia SAS acquired from previous owners in 2019. In Argentina Royal Road Minerals operates through its wholly owned Argentinian company, Minerales Camino Real Argentina. In Saudi Arabia and Morocco the Company operates through its 50% owned Saudi Arabian registered subsidiary, Royal Road Arabia.