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Royal Road Minerals to resume operations in Colombia under new coronavirus health guidelines

The company's Ministry of Mines issued new guidelines in a government circular

Person wearing gloves putting on medical mask with Colombian flag
In addition to the country’s guidelines, Royal Road said it will also adhere to the guidance of IFC (World Bank Group) Performance Standards

Royal Road Minerals Limited (CVE:RYR) is working to resume its mineral exploration in Colombia after the country’s Ministry of Mines put in place new health guidelines in a government circular allowing companies to proceed amid the coronavirus (COVID-19) pandemic.

The company filed operating protocols related to the guidelines with Colombia’s national authorities. In addition to the country’s guidelines, Royal Road said it will also adhere to the guidance of IFC (World Bank Group) Performance Standards.

"This is welcome news from the Colombian authorities but we recognize that it comes with caution and expectation," CEO Tim Coughlin said in a statement. "We intend to meet and exceed national health authority guidelines and aim to ensure that local government and local communities are fully-informed and supportive of our plans to continue our exploration activities. We would like to take this opportunity to recognize and extend our gratitude to the Colombian Mining Chamber for their tireless work in facilitating meaningful engagement on this important issue."

READ: Royal Road Minerals and Mineros finalize deal to jointly explore GNM project in Colombia

Royal Road has copper and gold operations in Colombia and Nicaragua. At the beginning of March, the company formalized its strategic alliance with Mineros SA to explore for gold in Colombia.

The company is focused on the Guintar and Niverengo concessions and its Margaritas title application, collectively known as the GNM project, in Antioquia District, Colombia. 

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com 

Follow him on Twitter @andrew_kessel

Quick facts: Royal Road Minerals Ltd

Price: 0.31 CAD

Market: TSX-V
Market Cap: $80.99 m

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