Güintar is Royal Road Minerals most advanced exploration project, currently at the resource drilling stage. Margaritas is a neighbouring porphyry copper-gold system that is yet to be drill-tested. Both projects are located in the emerging Anza copper-gold district.
Güíntar and Margaritas is a combined skarn, vein-gold and copper-gold-silver porphyry system in the Antioquia region of Colombia. The project is wholly owned by Royal Road and is currently at the resource drilling stage. It is located approximately 50 kilometers west of Medellín (a two-hour drive) within a supportive mining community recognized for strong municipal leadership and long-standing social cohesion. The project benefits from reliable infrastructure, services and access to a skilled local workforce. Colombia is widely regarded as having proven potential for Tier 1 copper and gold deposits, and is on the cusp of transitioning and formalization of its mining sector.
Güíntar and Margaritas were acquired from AngloGold Ashanti in 2019 as part of a country-wide license package. AngloGold Ashanti commenced work on the project in 2015, completing two scout drilling campaigns. Royal Road initiated drilling at Güíntar in July 2021.
45 diamond drill holes, totalling 13,700 meters, have been completed at Güíntar. Results confirm both vein-hosted gold and porphyry-style gold-copper-silver mineralization extend from surface to depths exceeding 250 meters. Notably, 50% of drill holes terminated in mineralized intervals. Best intersections from the Güíntar license include:
• GUI012, 303.7 meters at 1.0 g/t gold equiv * (includes 62.0 meters at 2.1 g/t gold 12.4 ppm silver and 0.6 % copper)
• GUI013, 126.0 meters at 1.2 g/t gold equiv (includes 55.0 meters at 1.5 g/t gold 10.8 ppm silver and 0.6 % copper)
• GUI020, 138.0 meters at 0.9 g/t gold equiv (includes 54m at 1.0 g/t gold, 5.5 g/t silver & 0.2% copper)
• GUI021, 330.0 meters at 0.8 g/t gold equiv (includes 43.0 meters at 2.4 g/t gold, 8.0 ppm silver and 0.4 % copper)
• GUI024, 177.0 meters at 1.0 g/t gold equiv (incudes 47m at 1.1 g/t gold, 4.3 g/t silver & 0.2% copper)
Royal Road also holds an option to acquire the neighboring El Alemán mining title. This area hosts a sheeted E–W gold vein system located above, adjacent to, and overprinting the Güíntar porphyry system. Exploratory hole ALM-DD-001 intersected sheeted vein mineralization, extending gold mineralization from surface to at least 270 meters vertical depth. Best intersection:
• ALM001, 81 meters at 1.0 g/t gold (includes 24.0 meters at 2.4 g/t gold), 250 meters below artisinal surface operations
The Margaritas license is located 4 kilometers SSE of Güíntar and is interpreted to represent the upper levels of a porphyry copper-gold system. Surface sampling of exposed breccia bodies and quartz veins has returned values of up to 35 g/t gold and 3,160 ppm silver. Soil geochemistry defines a coherent gold anomaly, while a deep magnetic high beneath the breccias and veins is interpreted as an underlying quartz-magnetite porphyry target. The Margaritas project is fully permitted and ready for drill testing.
*Gold Equivalent Calculation Assumes USD$3200/Oz gold, USD$35/Oz silver, USD$4.50/lb copper and 90% recoveries for all metals
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 Saudi Arabia the Royal Road Minerals operates through its 50% owned Saudi Arabian registered subsidiary, Royal Road Arabia. In Morocco Royal Road Minerals operates through its 100% owned subsidiary Minéraux Chemin Réel SARL AU.
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