202613 releases
Radius Receives Authorization to Commence Exploration Activities and Initial Drill Program at Tierra Roja, Peru
Authorization from the Gerencia Regional de Energía y Minas of Arequipa has been granted to begin exploration activities, including drilling, on the Ferruginosa I-400 concession at the Tierra Roja copper project in Ático district, Caravelí Province, southern Peru. Provisional SBN surface access allows work to proceed while a definitive surface easement is finalized; the environmental authorization was granted in 2025. Radius is negotiating contracts, preparing access and establishing a camp, aiming to begin drilling before year-end. Additional rock-chip samples have been submitted to the laboratory.
CorporateRadius Gold Reports Multi-Element Geochemical Results Supporting Porphyry Interpretation at the Tierra Roja Core Target, Peru
Multi-element geochemical results from rock and soil sampling within the roughly 600 m x 800 m core zone of the Tierra Roja copper project in southern Peru show copper associated with silver, gold, potassium and molybdenum, elevated potassium above 2% K in both rocks and soils, molybdenum of commonly 5–10+ ppm in rocks versus generally under 4 ppm in the 59 soil samples, and an inverse copper–zinc relationship with lead and zinc depleted over the copper core and elevated on the periphery. Samples were analyzed by Certimin S.A. in Lima using ICP-OES/MS after aqua-regia or multi-acid digestion, with gold by fire assay.
Drill resultsRadius Gold completes $1.2 million private placement financing
A non-brokered private placement closed with 10,400,000 units issued at $0.12 per unit for gross proceeds of $1,248,000, each unit comprising one common share and one warrant exercisable at $0.20 for one year. Finder's fees of $23,760 in cash and 198,000 warrants were paid, with securities subject to a resale restriction until December 28, 2026 and final TSX Venture Exchange approval. Proceeds will fund exploration at the Tierra Roja copper and Jonco silver projects in Peru and working capital.
FinancingRadius Gold Provides Portfolio Update on High-Grade Amalia and Holly Gold-Silver Projects and Announces Financing
A non-brokered private placement of up to 10 million units at $0.12 per unit for gross proceeds of up to $1.2 million was proposed, with each unit comprising one share and one warrant exercisable at $0.20 for 12 months, to fund exploration at the Tierra Roja copper and Jonco silver projects in Peru; the placement is subject to TSX Venture Exchange approval. Radius also updated on its 35% interest in Amalia, Mexico and 40% interest in Holly, Guatemala, where the Peña vein hosts an Inferred Resource of 1.32 Mt at 6.46 g/t Au and 256 g/t Ag.
CorporateRadius Gold Provides Updates on Jonco and Tierra Roja Properties
Site visits to the Jonco Silver Project and Tierra Roja property in Peru were completed by President Dr. Luke Longridge on July 3–4 and July 7, 2026, respectively. At Jonco, subject to an option agreement for 100% announced 15 July 2026, Radius is reviewing historical data, including a database for 11 historic holes, plans re-sampling of historic drill core and trenches, and is seeking surface access agreements with the Cajamarquilla community. At Tierra Roja, copper oxides were observed over an area exceeding 4 km2 relative to the 600 m x 800 m Core Zone, where rock chip samples exceed 3% Cu; drilling authorization discussions with Peruvian government entities continue.
CorporateRadius Gold executes formal Option Agreement for 100% of the Jonco Silver Project, Peru
A definitive Option Agreement with Minera Joncijirca S.A.C. gives Radius Gold, through subsidiary Minera Aymara S.A.C., an exclusive option to acquire 100% of the seven concessions comprising the 3,830-hectare Jonco Silver Project in central Peru, formalizing the February 27, 2026 letter of intent. Terms over five years from receipt of drill permits include US$4.15 million in staged cash payments, US$7.0 million in exploration expenditures and 250,000 Radius shares, with a retained 2% NSR reducible by 0.5% for US$1.0 million. The TSX Venture Exchange accepted the agreement; the initial 50,000 shares, restricted until November 10, 2026, and a US$50,000 payment have been made.
AcquisitionRadius Gold announces leadership transition to support next phase of growth
Dr. Luke Longridge has been appointed President of Radius Gold, with Simon Ridgway named Chief Executive Officer and Chairman. Bruce Smith will continue as a Director and Technical Advisor. The changes come as the Company advances the Tierra Roja copper and Jonco silver-lead-zinc projects in Peru and works on the Amalia discovery in Mexico and Holly discovery in Guatemala. Longridge was most recently Principal Structural Geologist with Teck Resources, working on the Zafranal Project in southern Peru.
ManagementRadius Gold appoints Dr. Luke Longridge to the Board and grants stock option
Dr. Luke Longridge has been appointed to the Board of Directors of Radius Gold Inc., effective immediately. Longridge is a structural and economic geologist with over 15 years of experience, most recently as Principal Structural Geologist at Teck Resources Limited, with prior roles at Canterra Minerals, CSA Global Consultants Canada and Bushveld Minerals. The Company granted him a stock option to purchase up to 1,000,000 common shares at $0.14 per share, exercisable for up to 10 years.
ManagementRadius Gold Adopts Semi-Annual Financial Reporting
Radius Gold has adopted semi-annual financial reporting under Coordinated Blanket Order 51-933, which permits eligible TSX Venture Exchange issuers to move from quarterly to semi-annual reporting. The Company will no longer file interim financial reports and MD&A for its three-month and nine-month periods, beginning with the three-month period ended March 31, 2026. It will continue filing audited annual statements and MD&A due 120 days after December 31, and unaudited six-month statements and MD&A due 60 days after June 30.
CorporateRadius Gold Reports Surface Sampling Results at the Jonco Silver Project, Including Anomalous Gallium Values
Three reconnaissance rock samples from the main target area at the Jonco silver-gold-lead-zinc project in Ancash, Peru returned 13.24 g/t Ag and 23.96 ppm Ga; 4.59 g/t Ag and 37.64 ppm Ga; and 1.91 g/t Ag and 33.12 ppm Ga, the first samples from the property to report significant anomalous gallium. Radius is relogging and re-sampling 11 historical diamond drill holes totaling approximately 3,195 metres. The host community's General Assembly approved continued negotiations toward a surface access agreement, which does not authorize drilling.
Drill resultsRadius Advances Permitting and Defines an Expanded Copper Mineralization Footprint at Tierra Roja Project, Peru
Provisional surface land authorization has been received from Peru's Superintendencia Nacional de Bienes Estatales for the Tierra Roja copper project in Atico district, Caravelí Province, Arequipa, and an application for Authorization to Initiate Exploration Activities has been submitted to Arequipa's Gerencia Regional de Energía y Minas, the final step before a planned initial drill program. Fifteen recent reconnaissance rock samples confirmed anomalous copper and silver values beneath partial caliche cover. The principal target corridor is interpreted to extend approximately 750 metres in strike length and up to 450 metres in width.
CorporateRadius Signs Option to Acquire 100% of the Jonco Silver Project, Peru
A binding letter of intent gives Radius Gold the option to acquire 100% of the 3,830-hectare Jonco Silver Project in central Peru over five years via staged cash payments totalling US$4.15 million, US$7.0 million in exploration expenditures and 250,000 Radius shares, with the vendor retaining a 2% NSR of which 0.5% may be bought for US$1.0 million. The property has 11 historic drill holes (3,195m), including SAB-03 at 254.5m @ 27.0 g/t Ag, 0.42% Pb, 0.71% Zn. Radius also continues permitting at its drill-ready Tierra Roja copper project in southern Peru.
AcquisitionExploration Update: Radius Advances Tierra Roja Permits and Reviews Project Portfolio
The technical review for access at the Tierra Roja copper project in southern Peru has been approved by the Regional Government of Arequipa, with documentation now with the SBN for surface rights evaluation and a Temporary Surface Use Permit ahead of an application to commence activities; multiple drill targets are defined. Radius continues discussions with Pan American Silver on a pathway forward at the Amalia gold-silver project in Chihuahua, Mexico, and holds 40% of the Holly project in Guatemala. Two further projects are in advanced technical review.
Corporate
20258 releases
Radius Gold Appoints VP Exploration to Lead Growth of Exploration Portfolio
Alejandro Ly has been appointed Vice President, Exploration of Radius Gold, bringing more than 25 years of experience across the Americas, including nine years at Barrick Gold where he was Project Geologist on the Goldrush deposit in Nevada, plus roles with Rio Tinto, MMG and Nyrstar. He will lead the technical team with an immediate focus on the Tierra Roja copper-gold project in Peru. Drill pads, water supply and the Environmental Permit (DIA) are in place, with drilling awaiting a final administrative land access waiver.
ManagementExploration Update: Radius Exercises Option on Hidekel Concessions Adjacent to Tierra Roja, Peru
A Mining Assignment and Option Agreement has been signed to acquire the 1,800-hectare Hidekel concessions adjoining Radius Gold's 100%-owned Tierra Roja copper project in southern Peru; other concessions under review were released. Permitting for the first Tierra Roja drill program has advanced, with an approved Ficha Técnica Ambiental covering up to 20 drill platforms and access roads, an archaeological permit, a water supply contract, a local drill contractor and federal land-use certification. An additional access waiver is pending, with final authorization expected at the beginning of November.
AcquisitionDrill Permits Granted and IP Survey Identifies Key Targets at Radius Gold's Tierra Roja Copper Project
Drill permits have been granted for the 100%-owned Tierra Roja copper project in Peru, with FTA authorizations approving 20 drill pads, access roads and land access on federally owned land. IP/resistivity surveys across 3 north-south lines totalling 4.8 km over the 800 m diameter system defined a coincident chargeable anomaly about 3 times background, consistent across 500 m of strike and dipping south below outcropping copper oxide mineralisation. A Phase 1 drill program, the first at the project, is expected to commence in Q3.
CorporateRadius Gold Signs Tlacolula NSR Guarantee Agreement with New Owners of San José Mine, Mexico
A net smelter returns royalty guarantee agreement has been signed by Radius subsidiary Geometales del Norte – Geonorte S.A. de C.V. with JRC Ingenieria y Construcción SAC, the Peruvian company that acquired the San José gold-silver mine in Oaxaca State, Mexico from Fortuna Mining in April 2025. The agreement covers the 12,462 ha Reducción Tlacolula 2 concession, 25km east of San José, on which Radius holds a 2.0% NSR, reducible by up to 1.0% for US$1,500,000 in cash payments.
CorporateRadius Gold Accelerates Exploration at Tierra Roja with Integrated Hyperspectral, Geophysics and Geochemistry Programs
Radius Gold has secured rights to 8,170 hectares in southern Peru, comprising 3,670 hectares of contiguous ground at the Tierra Roja target and 4,500 hectares across three regional properties under exclusivity agreements. The company completed an AI-driven hyperspectral remote sensing survey and a detailed geochemical sampling grid at Tierra Roja using low-detection-limit assays for 49 elements, with results pending. GC-Ground has been contracted for an IP and resistivity survey expected to start within the next month, with drill permits anticipated in the same period.
Drill resultsPreparation underway to restart exploration at Holly Property with a focus on increasing the high-grade resource
Exploration will resume at the Holly Property in Guatemala, a joint venture between Radius Gold and Volcanic Gold Mines, where 2021-22 drilling defined an inferred resource of 1.32 million tonnes at 6.46 g/t Au and 256 g/t Ag. Drill permits are in place and Volcanic is working with landowners, local authorities and the community on social licence. Initial drilling will target the Peña vein down-dip and along strike, and the Pino vein, which returned 3.60 m at 22.03 g/t gold and 697 g/t silver.
Drill resultsRadius Gold granted exclusive right to expand Tierra Roja Copper Project by 1,800 ha and option additional 4,500 ha of exploration licenses
A six-month exclusivity agreement with a local landowner gives Radius Gold the right to option any or all of 9 exploration concessions totalling about 6,300 ha in southern Peru, including the 1,800 ha Hidekel property adjoining its Tierra Roja copper project, which would lift the project to 3,670 ha, plus 4,500 ha covering the Gerár, Shamgar and Sidón targets. US$2,500 was paid on signing; option terms require US$165,000 per property over 36 months for 100%, with milestone payments of US$100,000 on a resource estimate, US$200,000 on pre-feasibility and US$200,000 on mine construction, and a 5% NSR purchasable at US$1,000,000 per 1%.
NewsRadius Gold Launches Tierra Roja Online Project Tour and Highlights Nearby Porphyry Copper Discovery
Radius Gold has secured a water supply agreement, signed off by a local magistrate, sufficient to operate 5 drill rigs for 5 years at its Tierra Roja copper project in Peru, and has received federal notification that the project area is state owned with no registered or resident community, allowing drilling and potential mining without community consultation. Drill permits are expected in the coming months. An online project tour was launched, and AusQuest Limited reported a porphyry copper discovery at its Cangallo Project 25 km west of Tierra Roja.
Corporate
202416 releases
Radius Gold provides exploration update on Tierra Roja Project
The land position at the Tierra Roja copper porphyry project in southern Peru has been expanded from 600ha to 1870ha since the property option was signed in September. A 67 line km ground magnetic survey has been completed, with 3D modelling, stream sediment and rock chip sampling and geological mapping of the full 1870ha in progress. Environmental, flora, fauna and archaeological field surveys are done, with drill permits expected within 3 months and drilling planned for 2025.
Drill resultsRadius expands Tierra Roja Copper Project in Peru, via new staking
Additional staking has expanded the Tierra Roja copper porphyry project in southern Peru from 600 hectares to 1,870 hectares, with contiguous claims Tierra Roja 1-500 and Tierra Roja 1-800 added to the southwest. A 67 line km ground magnetic survey has commenced to help define drill targets, alongside detailed mapping and sampling. Petrographic analysis of due-diligence samples showed strong silicification and sericite alteration, with high grade copper zones intensely brecciated and replaced by sericite and silica.
CorporateRadius Gold completes $580,500 private placement financing
A non-brokered private placement of 8,292,859 units at $0.07 per unit closed for gross proceeds of $580,500, with each unit comprising one common share and one warrant exercisable at $0.10 for one year from closing. Cash finder's fees of $7,560 were paid, and net proceeds are intended to fund an exploration program on the Tierra Roja copper project in Peru and for general working capital. The securities are subject to a resale restriction until March 1, 2025, with final TSX Venture Exchange approval pending.
FinancingRadius signs option on Tierra Roja Copper Project, Peru and announces proposed financing
An option agreement has been signed to acquire 100% of the 600-hectare Tierra Roja copper porphyry project in southern coastal Peru, with staged payments in USD from $20,000 on signing (paid) up to $2,000,000 at 60 months after initial drill permits, and a 0.6% NSR retained by the owners. Rock chip channel sampling returned 1.25% Cu over 35m and 2.1% Cu over 20m across an 800m x 600m area of outcropping copper oxide mineralization. Radius also proposes a non-brokered private placement of a minimum 8,000,000 units at $0.07 for minimum proceeds of $560,000, each unit including a warrant exercisable at $0.10 for 12 months.
AcquisitionRadius Gold reports Plata Verde drill results
Final drilling at the Plata Verde silver project in Chihuahua, Mexico, comprised 13 holes totalling 2,400m of diamond core, cutting several zones of low-grade silver mineralization but no zones of significant silver mineralization. The program was funded by Minera San Julian, S.A. de C.V., a wholly owned subsidiary of Fresnillo plc, which has withdrawn from the partnership; Radius is returning the property to the underlying owners. The company is in the final stages of acquiring an option on the Tierra Roja copper project in Peru.
Drill resultsRadius enters binding exclusivity for Tierra Roja Copper Project, Peru
A binding exclusivity with an option to acquire the Tierra Roja copper porphyry project in the Atacama Desert of southern Peru has been secured. The 600-hectare property, at 1,700 masl and 20 km from the coast, hosts an 800 metre diameter circular anomaly with clay, sericite and silica alteration, and bulldozer cuts have exposed oxide copper mineralization over 800 m x 600 m. No drilling or formal exploration has occurred; Radius is verifying approximately 600 historic rock chip samples and completing legal and social due diligence.
AcquisitionRadius Gold extends drill program on Plata Verde Silver Project
Initial assays from the Plata Verde silver project in Chihuahua, Mexico, returned several zones of low-grade silver mineralization in the first four holes, PV-01 to PV-04, totalling approximately 900m, indicating limited potential in the eastern extension of the silver mantos. Holes PV-05 to PV-08 on the western side showed greater thickness of basaltic host rock and improved visual mineralization, with assays pending, and PV-09 to the northwest cut the most attractive mineralization seen so far. The joint venture with Fresnillo subsidiary Minera San Julian has added three additional drill holes.
Drill resultsRadius Gold provides update on Guatemala properties
Joint venture partner Volcanic Gold Mines has completed the modified Option Agreement by spending US$7 million on exploration, earning a 60% interest in Radius Gold's Holly and Motagua Norte properties in Guatemala. Prior drilling at Holly's La Pena vein established an inferred resource of 410,000 oz at 9.6 g/t AuEq, with intercepts including 4.57 m at 54.24 g/t Au and 3,925 g/t Ag. Exploration remains on hold pending developments at Cerro Blanco and Escobal. Radius is conducting due diligence to option a copper porphyry property in Peru.
CorporateDrilling commences at Radius Gold’s Plata Verde silver project
Diamond drilling has begun at the Plata Verde silver project in Chihuahua, Mexico, where Radius Gold and partner Minera San Julian, a wholly owned subsidiary of Fresnillo plc, plan a minimum 2,000m of core drilling targeting bulk minable underground silver at the historic Plata Verde mines. The program is fully funded by Minera San Julian under the option agreement announced March 5, 2024. Historic mine excavations define a strike extent over 500m and up to 300m wide, with further drilling to be decided by the joint technical committee based on results.
Drill resultsRadius Gold provides update on drilling at Motagua Norte property, and recent developments in Guatemala
The first-pass drill campaign at the Motagua Norte project in Guatemala has concluded with 13 holes testing a range of targets, and results received to date indicate the bonanza-grade gold-bearing quartz boulders at the Mila target did not originate from the Veta Madre Fault structures. Assays are pending for the final four holes, drilled south to north to test south-dipping structures, where veins were intercepted but no visible gold was seen. Following the April 12, 2024 appointment of a new Minister of the Environment, joint venture partner Volcanic Gold Mines will monitor the stalled Cerro Blanco and Escobal projects before committing further funds to Guatemala.
Drill resultsRadius Gold provides update on drilling at Motagua Norte property, Guatemala
The first two diamond drill holes (MIDD-24-04 and 05) drilled south at the Mila target on the Motagua Norte project in Guatemala cut the broad Veta Madre Fault but returned no anomalous samples, indicating the gold-bearing colluvium fields did not originate from that structure. Mapping further upslope identified another large quartz structure, Veta Padre, with visible gold in narrow south-dipping veins between the two structures. Drilling is now focused on those veins and stockwork zones. Volcanic Gold Mines can earn a 60% interest under option from Radius.
Drill resultsRadius Gold provides further update on drilling at Motagua Norte property, Guatemala
Two drill holes across the Veta Madre Fault Zone at the Motagua Norte project in Guatemala have intersected wide quartz veining and stockwork: MIDD-24-004 cut 63 m of veined, stockwork schists from about 120 m below surface, and MIDD-24-005, 100 m along strike to the west, cut 39 m of altered rock with strong stockwork quartz veining from about 80 m depth. Both were drilled at -45 degrees and true widths are unknown. Assays from ALS Laboratory, Vancouver are expected in early May. Holes MIDD-006 and 007 were abandoned after rods became stuck in colluvium. Volcanic Gold Mines can earn a 60% interest from Radius.
Drill resultsFunding secured to commence drilling at Plata Verde silver project with drilling team mobilized to field
An option agreement has been signed between Fresnillo subsidiary Minera San Julian and Radius Gold subsidiary Geonorte covering the Plata Verde silver project in Chihuahua, Mexico, replacing a July 2022 exclusivity agreement. Minera San Julian is providing an initial US$250,000 to mobilize drilling and field teams and a further US$250,000 when drilling commences, with additional funding as approved by the technical committee. Over four years it would spend a minimum cumulative US$4,762,000 on exploration and make option payments totaling US$2,825,000 to earn a 70% interest.
FinancingRadius Gold update on drilling at Mila Gold Discovery, Guatemala
First-pass drilling at the Motagua Norte Project in Guatemala, a joint venture between Radius Gold and Volcanic Gold Mines, cut 6 m to 15 m of quartz and schist colluvium, locally with visible gold, before entering a serpentinite package, indicating the gold-bearing boulders moved downslope from a structural corridor named the Veta Madre Fault Zone. Drilling of the Mila target within that corridor is underway, with additional drill pads being prepared along strike. Of roughly 420 surface rock chip samples, over one hundred exceeded 10 g/t gold, including twenty-one above 100 g/t and a maximum of 692 g/t gold. Volcanic can earn a 60% interest in the Cirilo I licence from Radius.
Drill resultsRadius Gold and Volcanic Gold Mines receive shareholder and Exchange approval of Motagua Norte project option
An amended option agreement between Radius Gold and Volcanic Gold Mines, swapping the Motagua Norte project in for the Banderas project, has been approved by both companies' shareholders and the TSX Venture Exchange, with disinterested shareholder approval obtained at annual general meetings held December 14, 2023. Volcanic retains an exclusive option to earn a 60% interest in the Holly and Motagua Norte properties in Guatemala by spending US$7.0 million on exploration, with prior Banderas expenditures credited toward that requirement.
AcquisitionVolcanic Gold Mines commences drilling at Radius Gold’s Mila Gold Discovery, Guatemala
First-pass diamond drilling has begun at the Mila gold prospect on the Motagua Norte project in central Guatemala, where joint venture partner Volcanic Gold Mines plans 1,000 to 3,000 m of core to test the width, grade and geometry of gold mineralization. Mila is defined over a 250 m by 600 m area; of about 420 surface rock chip samples, over one hundred exceeded 10 g/t gold, including twenty-one above 100 g/t and a maximum of 692 g/t gold. Volcanic can earn 60% from Radius.
Drill results
202322 releases
Long term land access agreements signed at Mila gold discovery on the Motagua Norte project, Guatemala
Long term land access agreements have been signed with property owners on the Cirilo I exploration license, part of the Motagua Norte project in Guatemala, allowing access to and exploration of the Mila gold-silver prospect and nearby mineralized veins. The license, granted in September 2023, covers 13.5 km² and an environmental permit for surface and trench sampling is in place. Rock chip sampling at Mila returned up to 34 m averaging 42 g/t gold and 24 m averaging 54 g/t gold. JV partner Volcanic Gold Mines is preparing trenching and drilling for the new year.
CorporateRadius Gold provides final results for drilling at Tropico Project
Final assays from a 1,300 m, eight-hole diamond drill program at the Tropico Project in the Fresnillo district, Zacatecas, Mexico defined a gold-mineralized breccia body from surface to 250 m down dip. Best intercepts included 36.25 m at 0.55 g/t gold and 9.1 g/t silver in TDD006, including 7.52 m at 1.40 g/t gold, while the deepest hole TDD008 returned weaker results such as 19.82 m at 0.15 g/t gold. Radius will not pursue the breccia down dip, shifting focus to Plata Verde and Motagua Norte.
Drill resultsFresnillo plc completes $171,000 property payment at Plata Verde; drilling anticipated to start Q1 2024
Minera San Julian, a wholly owned subsidiary of Fresnillo plc, has paid US$171,000 to Radius Gold subsidiary Geonorte under the Exclusivity Agreement for the Plata Verde project in Chihuahua, Mexico, with the funds used to make payments under the underlying mining concession option agreements. Minera San Julian has until January 7, 2024 to negotiate a definitive agreement to earn a 70% interest, and can extend the exclusivity period six months by providing at least US$500,000 to start drilling. A maiden drill program is anticipated in Q1 2024.
AcquisitionRadius Gold provides update on drilling at Tropico Project
An initial 1,300 m diamond drill program in 8 holes at the Tropico Project in the Fresnillo district, Zacatecas, Mexico has defined a gold-mineralized hydrothermal breccia body from surface to 250 m down dip, with assays received for the first 7 holes. Intercepts include 36.25 m at 0.55 g/t gold and 9.1 g/t silver in TDD006, including 7.52 m at 1.40 g/t gold and 29.3 g/t silver, and 44.20 m at 0.28 g/t gold from surface in TDD003. The breccia dips 45° east rather than vertically as predicted; drilling is paused pending remaining assays.
Drill resultsRadius reports bonanza grade gold discovered across wide areas at Mila target, Guatemala
Continuous 2 m chip channel sampling at the Mila prospect on the Motagua Norte project in Guatemala returned averages of 42 g/t gold over a 34 m line and 54 g/t gold over a 24 m line, with up to 95 g/t gold across a 10 m width of collapsed quartz vein boulders, across a 250 x 570 m area. Additional veins returned 9.34 g/t, 29.6 g/t and up to 60.2 g/t gold south and west of Mila. Trenching and drilling are planned. Work was conducted by JV partner Volcanic Gold Mines.
Drill resultsRadius Gold issues shares for services
500,000 common shares have been issued at a deemed price of $0.24 per share, for a total deemed value of $120,000, to Bruce Smith in part consideration for his role as President and Chief Executive Officer. The shares carry a resale restriction expiring January 28, 2024. The issuance follows the company's September 20, 2023 news release.
NewsRadius Gold provides update on drilling at Tropico Project
Drilling at the Tropico Project in the Fresnillo district, Zacatecas, Mexico returned 29m at 0.34 g/t gold from 24m downhole in first hole TDD-001, which was planned for 300m but abandoned at 56m in a brecciated fault zone, with low recoveries. TDD-002, collared 25m west and drilled at -55 degrees, hit 45m of epithermal alteration and a 6.4m vein at 169m. TDD-003 intersected 13m of banded massive epithermal veining and breccia at 69m depth; both holes remain in progress with two rigs on site.
Drill resultsExploration licence granted on the high-grade Motagua Norte project in Guatemala
Guatemala's Ministry of Mines has granted the Cirilo I exploration licence, covering 13.5 km² (4.5 x 3 km) in the department of El Progreso and including the Mila gold discovery within the Motagua Norte project. At Mila, about one hundred rock chip samples over a 250 metre by 570 metre area returned assays exceeding 10 g/t gold, including twenty over 100 g/t gold and a maximum of 692 g/t gold. JV partner Volcanic Gold Mines, which can earn 60% by spending $7M and has spent just over US$4.5 million, plans trenching and drilling once permitted; three further applications covering 72.68 km² remain pending.
CorporateRadius Gold to issue shares for services
500,000 common shares will be issued to President and CEO Bruce Smith as part consideration for his ongoing leadership, subject to TSX Venture Exchange approval. The shares carry a deemed price of $0.24 each, for a total deemed value of $120,000. Radius holds a portfolio of projects in Mexico and Guatemala.
NewsRadius Gold provides update on drilling at Tropico Project and link to core photos
The first hole at the Tropico Project in the Fresnillo district, Zacatecas, Mexico, TDD-001, was planned for 300m but abandoned at 56m due to difficult drilling conditions. From 19m to 56m the hole cut intense clay alteration, silicification, hydrothermal breccias and repeated sets of banded silica veins with fine sulphides and stockwork veining, with banded veining not previously seen on the property. The rig has stepped back 25m to redrill deeper using PQ core and casing, within a 2000m initial program; core photos will be posted to the company website.
Drill resultsRadius Gold and Volcanic Gold Mines announce modification to Option Agreement to include the Motagua Norte project
Radius Gold and Volcanic Gold Mines have modified their 2020 Option Agreement to substitute the Motagua Norte project in Guatemala for the Banderas project. Volcanic can earn a 60% interest in the Holly and Motagua Norte projects by spending US$7M on exploration within 48 months from March 2021, the date Holly drilling permits were granted; it has spent about US$4.29M on Holly, with a minimum of $2.0M to go to Motagua Norte. The modification requires TSX Venture Exchange approval.
AcquisitionRadius Gold commences maiden drilling program at its Tropico Project
Drilling has begun at the Tropico Project in the Fresnillo mining district, Zacatecas, Mexico, with a planned 2,000m program. The maiden drilling will test a Fresnillo-style high-grade precious metal system at depth below an outcropping sinter and breccia pipe, as well as near-surface bulk-minable gold within the 450m x 200m breccia pipe. A CSAMT survey defined a resistive pipe-shaped target from surface to 800m depth; Radius optioned 100% of the property in March 2023.
Drill resultsRadius Gold Signs Agreement to Extend Plata Verde Exclusivity Agreement with Fresnillo plc for 6 Months and Continued Project Funding
The exclusivity agreement between Radius Gold's subsidiary Geonorte and Minera San Julian, a Fresnillo plc subsidiary, covering the 100%-owned Plata Verde project in Chihuahua, Mexico, has been extended six months from July 7, 2023 to January 7, 2024 to negotiate a definitive agreement under which Minera San Julian could earn a 70% interest. The amendment provides interim funding of US$206,000. Minera San Julian may extend a further six months if it pays that amount plus an additional US$500,000 advance for initial drill testing.
CorporateRadius Gold defines drill targets and identifies second potential breccia pipe target at Tropico project, Zacatecas
Drill targets have been defined at the Tropico project, 30 km northwest of Fresnillo city, Zacatecas, Mexico, where mapping, rock chip sampling and a CSAMT survey outlined a pipe-shaped resistive body extending from surface to 800m depth beneath a 450m by 250m sinter and silicified breccia zone. A second blind target, Capricorn, about 200m wide and 300m to the west, was also identified, with pits encountering kaolin alteration and minor silicification. A 2000m drill program is planned in the coming months. Radius also granted 2,000,000 stock options exercisable at $0.18.
Drill resultsRadius Gold completes $1.95 million private placement financing
A non-brokered private placement of 11,149,983 units at $0.175 per unit closed for gross proceeds of $1,951,247, with each unit comprising one common share and one warrant exercisable at $0.35 for 24 months. Finder's fees of $39,627 in cash and 226,442 warrants on the same terms were paid. Net proceeds are intended to fund drilling and exploration at the Tropico project in Mexico and general working capital; shares and warrants are subject to resale restriction until September 30, 2023, with final TSX Venture Exchange approval pending.
FinancingRadius Gold increases proposed private placement financing to $1.97 million
A previously announced non-brokered private placement has been over-subscribed and increased to 11,259,983 units at $0.175 per unit for gross proceeds of $1,970,497. Each unit comprises one common share and one warrant exercisable at $0.35 for 24 months after closing, with a possible finder's fee on a portion of the units. Net proceeds are intended for drilling and exploration at the Tropico project in Mexico and general working capital, subject to TSX Venture Exchange approval and a four-month hold period.
FinancingRadius Gold provides update on Amalia 4 Concession Application
A legal demand has been filed with a Federal Mexican Court to obtain title to the Amalia 4 mining concession. The Amalia project in Mexico consists of 1,137 ha of core granted licenses plus the 8,590 ha Amalia 4 claim application, for which Radius and JV partner Pan American Silver Corp. have completed all requirements, fee payments and surveys. The Chihuahua mining authority approved the submission and passed it to the Mexico Mining Directorate proposing title issuance.
CorporateRadius Gold provides exploration update for Tropico project and announces proposed private placement to fund drilling.
A non-brokered private placement of a minimum of 10,000,000 units at $0.175 per unit for minimum proceeds of $1,750,000 is proposed, each unit comprising one share and one warrant exercisable at $0.35 for 24 months, with proceeds funding drilling and exploration at the Tropico project in the Fresnillo district, Zacatecas, Mexico. At Tropico, 28 rock chip samples returned 0.02 ppm to 0.88 ppm Au, averaging 0.28 ppm Au, with several samples exceeding 100 ppm Hg; 140 further samples are pending. Simon Ridgway was appointed Executive Chairman.
Drill resultsRadius Gold extends exclusivity agreement at Plata Verde Vancouver
The exclusivity agreement with Minera San Julian, a wholly owned subsidiary of Fresnillo plc, covering the Plata Verde Project in Chihuahua, Mexico, has been extended by 3 months to allow completion of an option agreement under which Minera San Julian could earn a 70% interest. The date for drilling to commence, before 7 July 2023, is unchanged, and Minera San Julian will cover an anticipated US$157,000 in project costs. Work completed includes road access rehabilitation, metallurgical testing and 470 rock chip samples.
CorporateRadius Gold discovers gold mineralized “hotspring type” sinter and breccia pipe target in Fresnillo district, Zacatecas
A gold-mineralized hotspring-type sinter and breccia pipe target, named Tropico, has been identified 30 km northwest of Fresnillo city, Zacatecas, Mexico, with an elliptical silicified hydrothermal breccia zone measuring about 450 m x 250 m. Of 28 rock chip samples, gold ranged from 0.02 ppm to 0.88 ppm Au, averaging 0.28 ppm Au, with Sb 64–1,135 ppm, As 8–854 ppm and Ag 0.6–5.6 ppm. Radius optioned the 200 ha claim for US$200,000 paid on signing, plus staged payments to acquire 100% for US$5,000,000 at month 48.
Drill resultsRadius Gold reports excellent silver recoveries from initial Plata Verde metallurgical tests
Initial metallurgical tests on roughly 100 kg bulk samples from the Mina Mojonera and Mina Real underground workings at the Plata Verde Project in Chihuahua, Mexico returned average cyanide leach silver recoveries of 93%, with flotation producing Pb/Cu concentrates recovering about 85% silver, 52% lead and 64% copper, and combined flotation plus tailings cyanidation averaging 97% overall silver recovery. Grinding work index averaged 8.67 kWh/t, classifying the samples as soft for ball milling. Testing was carried out by Fresnillo plc's Technical Services Group in Torreon under a July 2022 exclusivity agreement with Minera San Julian.
Study resultsRadius Gold Appoints VP Corporate Development
Adam Buchanan has been appointed VP, Corporate Development at Radius Gold, with responsibility for corporate development, financing, marketing and investor communications. He has more than 10 years' experience in the resource sector and a B.A. from Simon Fraser University. As part of his compensation, he was granted incentive stock options to purchase up to 75,000 common shares exercisable for up to ten years at $0.20 per share. Radius holds projects in Mexico and Guatemala.
Management
202214 releases
Radius Gold extends regional exploration rights and welcomes strengthened geological team in Guatemala
Radius Gold has agreed, subject to TSX Venture Exchange approval, to extend by one year to September 1, 2023 the exclusive right granted to Volcanic Gold Mines Inc. to evaluate Radius's other property interests in eastern Guatemala; no additional consideration or exploration work requirements are payable by Volcanic for the extension. Volcanic also retained Luc English, a geologist with over 25 years of industry experience including 15 years in Central America, as Vice-President, Exploration. Volcanic is a non-arm's length party to Radius, sharing one director and two officers.
NewsRadius Gold Exploration Update
An exploration update covers Mexico projects: 67 drill holes totaling 23,058m have been completed at the Amalia joint venture project in Chihuahua, where Pan American Silver has earned an initial 65% interest after paying Radius US$1.5 million and spending US$2 million on exploration. Mapping extended the California–Oro Viejo system 750m northwest, defining 1.5km of undrilled strike from hole AMDD21-39, which cut 26.9m at 2.59 g/t Au and 353 g/t Ag; 221 samples await assay. At Maricela, chip sampling returned up to 12.75 g/t gold and 3,780 g/t silver.
Drill resultsRadius Gold provides update on activities in Guatemala
JV partner Volcanic Gold Mines has filed an NI 43-101 technical report supporting the maiden Inferred Mineral Resource of 406,316 oz Au Eq at the La Peña vein on the Holly property in Guatemala, effective June 7, 2022, with gold equivalent based on US$1800 Au and US$22 Ag. Volcanic intends to resume drilling once Bluestone Resources is granted a mine permit at Cerro Blanco. At Motagua Norte, sampling defined a 2-3 km gold trend with values up to 692 g/t gold, and Radius is considering option terms with Volcanic.
CorporateRadius Gold drills 13.55m @ 841 g/t Silver and 10.25 g/t Gold marking the best drill hole to date at the El Cuervo Target, Amalia Project, Mexico
Final three holes from the El Cuervo target at the Amalia Project in Chihuahua, Mexico returned 13.55m @ 841 g/t Ag and 10.25 g/t Au in AMDD22-066, including 5.65m @ 1,560 g/t Ag and 19.16 g/t Au, and 17.00m @ 438 g/t Ag and 0.80 g/t Au in AMDD22-065, including 2.0m @ 3,182 g/t Ag and 4.49 g/t Au. The 22-hole program, drilled from 5 platforms over about 500 m of strike and 350 m depth, has concluded. Pan American Silver has completed its right to earn an initial 65% interest through US$1.5 million in payments and US$2 million of exploration, and may earn a further 10% by advancing the property to preliminary feasibility.
Drill resultsRadius Gold reports passing of friend and director, Bradford Cooke
Director Bradford Cooke has died. Cooke had served on the Radius Gold board for many years, with Chairman Simon Ridgway and President and CEO Bruce Smith noting his contributions as a geologist and advisor on the company's core business and projects. Radius holds a portfolio of projects in Mexico and Guatemala and is seeking additional investment and project acquisition opportunities.
NewsRadius Gold Reports on Exploration Progress at Amalia Project, Mexico
A total of 23,058 m in 67 diamond drill holes has been completed at the Amalia project in Chihuahua, Mexico, testing the Amalia, California and El Cuervo structures, with highlights of 44 m at 309 g/t Ag and 12.39 g/t Au (AMDD19-010), 26.9 m at 353 g/t Ag and 2.59 g/t Au (AMDD21-039), and 61.2 m at 232 g/t Ag and 0.65 g/t Au (AMDD21-047). New results include AMDD22-061, 4.35 m at 401 g/t Ag and 0.79 g/t Au. Pan American Silver has completed US$1.5 million in payments and US$2 million in exploration to earn an initial 65% interest; discussions on advancing the project are ongoing. Drilling at El Cuervo concludes in July 2022.
Drill resultsRadius Gold and Fresnillo plc Sign Exclusivity Agreement for Plata Verde Project in Mexico
An exclusivity agreement has been signed between Radius Gold's subsidiary Geometales del Norte-Geonorte and Minera San Julian, a wholly owned subsidiary of Fresnillo plc, covering the 100%-owned Plata Verde silver project in Chihuahua, Mexico. Minera San Julian has a nine-month exclusive right to negotiate an option to earn 70% and will pay Geonorte US$100,000 within fourteen days of signing. A definitive agreement would require US$5.0 million in exploration over four years and US$3.117 million in option payments.
AcquisitionRadius Gold Receives US$700,000 from Pan American Silver For Earn-in On Amalia Project, Mexico
Pan American Silver has made the final US$700,000 option cash payment to Radius Gold to earn a 65% interest in the Amalia project in Mexico, completing aggregate cash payments of US$1.5 million under the option agreement announced July 30, 2018. Pan American has also met and exceeded its US$2.0 million exploration expenditure obligation on the property, and may earn an additional 10% by advancing the project to preliminary feasibility.
AcquisitionRadius Gold Announces Initial Resource Estimate of 406,316 oz at 9.57 g/t Gold Equivalent at Holly
A maiden Inferred Mineral Resource for the La Peña vein at the Holly project in Guatemala totals 1.32 million tonnes at 6.46 g/t gold and 256 g/t silver, or 9.57 g/t gold equivalent, containing 272,110 oz gold, 10,913,360 oz silver and 406,316 oz gold equivalent at a 3.0 g/t AuEq cut-off, with an effective date of June 7, 2022. The estimate is based on 21 diamond drillholes totalling 3,707 m. Holly is operated by partner Volcanic Gold Mines, which can earn 60% by spending US$7.0 million on exploration within 48 months; a technical report will be filed within 45 days and a preliminary economic analysis is planned.
Resource updateRadius Gold intersects 11.4 g/t Au and 1,150 g/t Ag over 1.52 m within a broader interval of 10.68 m grading 2.07 g/t Au and 389 g/t Ag in the La Peña vein at Holly
Drilling at the Holly property in Guatemala, operated by joint venture partner Volcanic Gold Mines, returned 11.4 g/t Au and 1,150 g/t Ag over 1.52 m within a broader 10.68 m interval grading 2.07 g/t Au and 389 g/t Ag in the La Peña vein in hole HDD-22-030. Additional sampling of hole HDD-21-022 returned 11.2 g/t Au and 522 g/t Ag over 1.53 m. Assays for all previously pending holes have been received, and Volcanic is working on a maiden resource calculation followed by a preliminary economic analysis.
Drill resultsRadius Gold drills 11.8m @ 450 g/t silver and 1.31 g/t gold and continues to expand El Cuervo Target, Amalia Project, Mexico
Drilling at the El Cuervo target on the Amalia Project in Mexico returned 11.80m @ 450 g/t Ag and 1.31 g/t Au (including 2.10m @ 1577 g/t Ag and 2.27 g/t Au) in hole AMDD22-052, 17.35m @ 253 g/t Ag and 1.11 g/t Au in AMDD22-051, and 14.60m @ 117 g/t Ag and 0.92 g/t Au in AMDD22-050; AMDD22-053 was abandoned and AMDD22-054 had no significant intercepts. El Cuervo has been tested by 12 holes totalling 4,752 metres over about 350m of strike and 300m depth, with assays for holes 055 to 057 pending. Pan American Silver can earn an initial 65% interest through US$1.5 million in payments (US$800,000 received) and US$2 million in exploration.
Drill resultsRadius updates on progress at Holly Property and other developments in Guatemala
Joint venture partner Volcanic Gold Mines reported that Guatemala's Presidential Commission for Peace and Human Rights has held initial coordination meetings with national, departmental and municipal authorities regarding the February 23 incidents at the Holly property, with central and Chiquimula departmental governments supporting the project as Volcanic works to regain its social licence and resume work. Volcanic is completing an inferred resource calculation for the high-grade gold-silver vein discovery at Holly. Of the Radius concessions optioned in June 2020, three have shown promise and are being advanced toward grant, while others were cancelled.
CorporateRadius Gold drilling update: new intersection of 17.8m @ 144 g/t silver and 0.92 g/t gold at El Cuervo Target, Amalia Project, Mexico
Drilling at the El Cuervo target of the Amalia Project in Mexico returned 17.8m at 144 g/t silver and 0.92 g/t gold in hole AMDD21-49, and 37.8m at 54 g/t silver and 0.34 g/t gold in hole AMDD21-48, including 1.6m at 139 g/t silver and 4.02 g/t gold. Nine diamond drill holes totalling 3,468m have been completed, with assays received for the first four; drilling is ongoing. Pan American Silver can earn an initial 65% interest under a June 2018 option agreement.
Drill resultsRadius Gold reports on incident at drill rig in Guatemala
A violent attack occurred on February 23 at the Holly Property in Eastern Guatemala, where joint venture partner Volcanic Gold Mines Inc. has been drilling for several months; a small group threw fire bombs at the drill rig, pumps and equipment, causing significant damage and setting the surrounding forest alight. No one was injured. The incident has near-term implications for future drilling at Holly. Technical sessions under the Presidential Commission for Peace and Human Rights are set for March.
Drill results