Royal Road Minerals Receives New 30 Year Mining Concession Contract in the Caldas and Risaralda Departments of Colombia
Royal Road Minerals Receives New 30 Year Mining
Concession Contract in the Caldas and Risaralda
Departments of Colombia
Toronto, Ontario--(Newsfile Corp. - September 26, 2019) - Royal Road Minerals Limited (TSXV: RYR) ("
Royal Road
" or the
"
Company
"), a gold and copper focused mineral exploration and development company, is pleased to announce that, by way of
its recently completed purchase of Northern Colombia Holdings Limited, an affiliate of AngloGold Ashanti Limited (see Press
Release May 31, 2019), it has received the rights to a newly granted mining Concession Contract in the departments of Caldas
and Risaralda, Colombia.
Royal Road was advised on the 25
th
of September that Colombia's National Mining Agency had officially registered mining
Concession Contract FG2-08001X which covers epithermal and porphyry style gold occurrences in the municipalities of
Filadelfia and Quinchía, located in the Company's "Northern Block" of titles and title applications (Figure 1).
The process of acquiring a mining Concession Contract requires amongst other things, the Company to present and fulfill a
Social Management Plan and the National Mining Agency to complete a Concertation seeking the approval of local authorities,
followed by a Public Hearing with local communities. The Public Hearing for Concession Contract FG2-08001X was conducted
on August the 6
th
, 2019 and was attended by representatives of Royal Road. Mining Concession Contracts have an initial term
of 30-years which is extendable for a further 30 years.
Figure 1
To view an enhanced version of
Figure 1
, please visit:
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement:
This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or
statements that certain events or conditions "may" or "will" occur and include statements regarding the use of proceeds from the
private placement transactions. Forward-looking statements are based on the opinions and estimates of management at the
date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent
risks involved in financing transactions, exploration and development of mineral properties, the hiring and retention of directors
and officers, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices,
permitting and licensing and other factors described above and in the Company's most recent annual information form under the
heading "Risk Factors", which has been filed electronically by means of the Canadian Securities Administrators' website
located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements.
For further information please contact:
Dr. Tim Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800
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