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Royal Road Minerals

El Gualtal
Colombia

New mines for a new world

El Gualtal

The El Gualtal gold mine is located in the La Llanada-Sotomayor goldfield, approximately 60km west-northwest of Pasto in Nariño province of southern Colombia and within Royal Road’s mining concession contract FD5-10k.

In October of 2019 Royal Road entered into a formalization agreement and a related earn-in option and royalty agreement with Sociedad Minera San Antonio S.A.S, a company representing the interests of over 1000 informal miners that have been carrying out mining activities at the El Gualtal gold mine.

The Agreements were entered into under the framework of the Colombian government’s National Policy for Mining Formalization adopted by the Ministry of Mines and Energy. Under the terms of the formalization agreement, a specific portion of the area under the Concession will be returned by Royal Road so that a new concession contract may be granted to San Antonio for the benefit of the informal miners, enabling the implementation of legal and responsible mining operations at the El Gualtal gold mine. In exchange, Royal Road receives a quarterly royalty equivalent to 3% of the doré extracted from the El Gualtal Concession and has been granted the sole and exclusive right to carry out all exploration activities on the El Gualtal Concession and the right to acquire 70% of the El Gualtal Concession.

The El Gualtal gold mine is a shallow-dipping, quartz-carbonate vein system, with 75 room and pillar style production adits, developed over at-least nine different levels and 140 meters of vertical separation. The mine is one of the largest informal mining operations located in the prolific La Llanada Goldfield. Information about historic gold production reveals that past production at the El Gualtal gold mine may have been in the order of 300 tonnes of hand-picked ore per day. The gold mined at El Gualtal is coarse and free and is recovered by gravity separation. Watch video. Underground rock-chip channel face sampling that has been carried out by Royal Road at the mine, has returned significant results including:

1.3 Meters at 136.5 grams per tonne gold

0.5 Meters at 164.0 grams per tonne gold

1.0 Meters at 69.0 grams per tonne gold

1.1 Meters at 66.3 grams per tonne gold

0.6 Meters at 50.1 grams per tonne gold

0.9 Meters at 22.7 grams per tonne gold

The Company’s plans to complete the formalization process in late 2019 and then commence underground sampling and mapping with a view to commence drilling in middle 2020.

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El Gualtal figures

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Projects

Royal Road is focused on the discovery of “ Tier 1” gold and copper mines where they are most likely and most needed.

We are the largest title and title application holder in Colombia with quality gold and copper exploration projects located in two main regions; The Northern Block, encompassing the prolific Middle Cauca belt, and the Southern Block, incorporating the most prospective and under-explored regions of the Andes.

Operating under the structure of a 50-50 strategic alliance with HEMCO Mineros Nicaragua, we are the exploration largest license holder in the Country. Currently, the exploration work in Nicaragua is focused on drill-testing three drill-permitted gold and copper-gold projects.

01.

Los Andes

Nicaragua

Royal Road Minerals controls 100% of six mineral exploration concessions covering the Los Andes District. The total concession package is approximately 18,500 hectares. The project forms part of the...

02.

El Gualtal

Colombia

The El Gualtal gold mine is located in the La Llanada-Sotomayor goldfield, approximately 60km west-northwest of Pasto in Nariño province of southern Colombia and within Royal Road’s mining concession...

03.

Rio Nulpe

Colombia

The Rio Nulpe project area is located at Colombia’s southern border with Ecuador in Nariño province some 110 kilometers to the southwest of the provincial capital Pasto, and 30 kilometres to the...

04.

Luna Roja

Nicaragua

The Luna Roja gold skarn project is located in Nicaragua’s North Caribbean Coast Autonomous region, close to the historic mining town of Rosita and 26km to the southeast of Bonanza and the gold...