Royal Road Minerals Resumes Drilling in Colombia with C$0.60 Price Target

AI Summary

Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF) has restarted drilling in Colombia, focusing on its Güíntar gold-copper-silver project, which covers 1,840 square kilometers. New results include drill holes returning 418 meters at 0.6 grams per tonne gold equivalent and 176 meters at 1.2 grams per tonne gold equivalent. Research firm SCP Resource Finance maintains a 'buy' rating with a price target of C$0.60, compared to the current share price of C$0.19. The company is preparing to mobilize drilling at its El Molino target, influenced by the upcoming May 2026 election in Colombia.