Royal Road Minerals Porphyry Copper Cluster Identified Across a 6km Footprint
Summary
Drilling reframes Güintar as three porphyry centers inside a 6 km skarn (a reactive, mineralized host rock) shell — the CEO's basis for tier-1 potential.
The 96-metre interval grading 1.1 g/t gold-equivalent (35-metre core at 1.7 g/t) maps geometry: low-grade skarn shell into a ~2 g/t gold porphyry core.
Four first-ever Margaritas holes are at the lab; surface samples there hit ~35 g/t gold, but the CEO targets a deeper porphyry body.
Two of three porphyry targets remain undrilled; inverted geophysics already indicates follow-up holes, and deep (~1,000 m) drilling is likely needed.
Colombia operating reality: narco-related security risk south of Cali, but the CEO reports a supportive regulator since March 2025 after buying AngloGold Ashanti's exploration assets.
Key points on Anglogold Ashanti
- CEO Tim Coughlin says Royal Road bought AngloGold Ashanti's Colombian holding company and acquired all of its exploration assets (not its development assets), describing the package as a curated set of very good quality.
Tim Coughlin's takeaways
- Top takeaway Coughlin argues the newly identified cluster of three porphyries within the 6km skarn footprint is the most exciting aspect of the project and the reason it has Tier 1 potential.
- He rejects the 96m at 1.1 g/t gold-equivalent hole as proof of scale, saying the company has drilled better before and that this hole mainly maps the transition from low-grade skarn into the porphyry.
- At Margaritas he says the target is not the high-grade carbonate-based metal veins but a deeper, much larger bulk-tonnage gold-copper-silver porphyry, and he guesses holes of about 1,000m will be needed.
- He is building toward an exit-ready asset and says the proof of Tier 1 scale must come from the drill rig rather than the mapped footprint.
- On Colombia he is blunt that it is not easy — security issues south of Cali and trimmed titles — but says the regulator has been very supportive since March 2025 and the company now knows where it can operate.