Royal Road Minerals ( (TSE:RYR) ) just unveiled an update.
Royal Road Minerals Limited has reported the results of its 2000-meter reverse circulation scout drilling program at the Alouana project in Morocco, which is under an Option Agreement with Izughar Resources. The drilling revealed significant mineralization, including copper, bismuth, and tungsten, with notable intersections indicating promising copper equivalent grades. The completion of the drilling program and receipt of geochemical results allows Royal Road Arabia, a joint venture of Royal Road, to potentially acquire a 90% stake in Izughar by making an option payment, which could significantly enhance the company’s strategic positioning in the mineral exploration sector.
More about Royal Road Minerals
Royal Road Minerals Limited is a company involved in the mining industry, focusing on exploration and development of mineral resources. Its primary products include copper, bismuth, tungsten, gold, silver, and zinc, with a market focus on strategic mineral exploration and development projects.
YTD Price Performance: -13.64%
Average Trading Volume: 54,480
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$25.24M
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