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Royal Road Minerals names new finance chief as it looks to busy year ahead

Royal Road also said on Thursday that Daniel De Narvaez had become executive director for Latin America

Pictured is a boardroom
Keshishian has over 15 years' experience in the capital markets and the resources sector

Royal Road Minerals Ltd (CVE:RYR) has named a new finance chief as it looks to a busy year ahead.

Ardem Keshishian has been appointed as chief financial officer, replacing Roderick Corrie, who resigned from that role and as a director, the Jersey-headquartered company said in a statement.

READ: Royal Road Minerals gets green light to start drilling at Los Andes project in Nicaragua

Keshishian has more than 15 years' experience in the capital markets and the resources sector through tenures at Van Berkom and Associates in Montreal and equity research (mining) at broker Haywood Securities from April 2009 to May 2016.

Royal Road also said on Thursday that Daniel De Narvaez had become executive director for Latin America. He continues to serve on the board of directors. Based in Bogota, he has worked extensively in mining and socio-political aspects of mining in Colombia and throughout the Americas.

"It gives me great pleasure to welcome Ardem to the team and I look forward to working closely with Daniel in his new executive role," said Tim Coughlin, Royal Road's president and CEO.

The company boss said the appointments reflected the group's preparation for a busy 2019 with porphyry copper-gold exploration and gold project definition underway in Narino, Colombia and drilling due to start in Nicaragua.

He also thanked Roderick Corrie for his services and wished him well in future endeavours.

Drilling go-ahead

Last month, Royal Road received the go-ahead to drill two deep holes at the Los Andes project in western Nicaragua.

The permit came from the Ministry of Environment and Natural Resources in the country and is for two diamond holes of 1,000m (meters) vertical depth from two locations at the Carrao prospect area.

The project features a 7 km-long, strongly altered caldera-controlled "lithocap" that hosts anomalous copper, gold and pathfinder elements in rock-chip geochemical samples.

Royal Road reckons that any potential economic mineralization would be at a depth in excess of 200 meters below the surface.

Quick facts: Royal Road Minerals

Price: 0.25 CAD

TSX-V:RYR
Market: TSX-V
Market Cap: $57.37 m
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