/ Güintar Alemán Margaritas

Güintar Alemán Margaritas (GAM)

Potentially world class gold, copper-silver porphyry-skarn system located in the emerging Anza copper-gold district. The Company also holds a large pipeline of titles and applications — over 1,800 km² of prospective ground, ranging from under-explored to drill-ready

Resource Drilling :

GAM is Royal Road Minerals' most advanced exploration project yet.

Project Summary

Ownership: Guintar & Margaritas - wholly owned by the Company. El Aleman & Chuscalita – Option to acquire

Mineralization: Combined skarn, vein-gold and copper-gold-silver porphyry and sheeted-vein gold system.

Location: Antioquia, Colombia(50km West of Medellin)

Benefits of Location: Supportive mining community , recognized for strong municipal leadership and long-standing social cohesion. Reliable infrastructure, services and access to a skilled local workforce.

Best Intercepts:

GUI012 - 215m at 1.0 g/t Gold Equiv*(includes 75.2m at 1.9 g/t Gold, 10.8 g/t Silver and 0.6% Copper)

GUI013 - 185m at 0.6 g/t Gold Equiv*(includes 17.5m at 2.2 g/t Gold and 3.8 g/t Silver)

GUI024 - 214m at 0.8 g/t Gold Equiv*(includes 32m at 1.5 g/t Gold, 4.8 g/t Silver and 0.2% Copper)

ALM001 - 64.5m at 1.1 g/t Gold Equiv*(includes 24m at 2.4 g/t Gold, 2.7 g/t Silver)

*Gold Equivalent calculation assumes $4300USD/Oz Gold, $65USD/Oz Silver, $5.20USD/lb Copper, $27USD/lb WO3 and $34USD/lb Molybdenum with 90% recovery for all metals apart from WO3 which assumes 75%

Recent Activity

Recent Drilling - Recent drilling at Güíntar continues to define a coherent expanding porphyry-skarn system extending from surface to depths exceeding 450 meters, with characteristics consistent with a bulk-tonnage underground mining scenario

(See full Press Release)

Margaritas - Drilling for the first time at Margaritas will commence shortly.

Results:

Technical & Drilling

49 drill holes
16,000m drilled
Porphyry system discovered in 2021, extending to over 450m depth
Characteristics consistent with Bulk-Tonnage mining scenario

Guintar Drill Section - Click to enlarge

Porphyry stockworks and associated potassic alteration, ponded in a cupola which is interpreted to plunge towards the NNE

El Aleman:

Operating fully-titled gold mine. RRM has option to acquire 100%
Sheeted E-W gold vein system, above, adjacent and overprinting Güíntar copper-gold-silver porphyry system
ALM-001 64.5 meters at 1.1 g/t gold (includes 24.0 meters at 2.4 g/t gold), 250 meters below surface operations

Margaritas:

Drilling Imminent
Exposed breccia bodies and quartz veins have returned up to 35 g/t gold and 3,160 ppm silver. Coherent gold anomaly in soil geochemistry
Deep magnetic high located beneath the breccias and veins interpreted as underlying quartz-magnetite target

Largest Title & Application Holder in Colombia

Total Ownership: 17 Mining Titles, 85 Exploration Applications

Coverage: 1,840 square kilometers

Aggregate Expenditure: $38 Million

A Pipeline of drill-ready opportunities:

Many of these title packages are the result of systematic exploration, appraisal, prioritization and the purposeful reduction of land holdings by AngloGold Ashanti over the years since inception of its activities in Colombia in 2004.

Interactive Map Block

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 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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