Royal Road Minerals (TSE:RYR) has released an update.
Royal Road Minerals has announced exploration updates on its Alouana and Jabal Sahabiyah projects in Morocco and Saudi Arabia, respectively, under Royal Road Arabia, a joint venture with MSB Holdings. The Alouana Project, covering 84 square kilometers, has a rich history of small-scale copper, gold, and silver mining with significant geological potential indicated by the presence of schists and granitic rocks. The company has entered into an agreement to potentially acquire full ownership of the Moroccan company holding the Alouana licenses.
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