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Royal Road secures another exclusive exploration right over Colombian gold project

Royal RoadMinerals Ltd. said July 12 that it executed an exclusivityagreement over the Mina La Maria gold project in Colombia's La Llanada golddistrict.

The binding letter of intent provides the company with theright to conduct exploration and legal due diligence on the property for athree-month period starting July 9.

The deal is the third such agreement the company hasentered into in thelast 10 months, President and CEO Tim Coughlin said.

"We are excited about the vein-hosted goldpotential at La Maria and also intrigued by the chance of finding what may bebulk-tonnage,pegmatite-hosted gold mineralization at the project,"Coughlin added.