Key facts
| Company | Radius Gold Inc. (TSXV: RDU) |
|---|---|
| Commodity | Gold |
| Location | USA |
| Stage | Early exploration |
About Amalia Project
The Amalia Project is located 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua(Figure 1). Radius geologists discovered high grade epithermal silver-gold mineralization in several veins, vein breccias, and disseminated zones over 8 km of strike length and a 1 km vertical interval following the trace of a large regional fault zone. Radius initially acquired the 380 hectare core license and subsequently staked an additional regional license covering multiple target areas(Figure 2)that totals approximately 10,000 hectares that composes the Amalia project. In July 2018 Radius entered into an agreement with Pan American Silver Corp. to drill and explore the project.
News releases8 on file
Radius 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
CorporateRadius 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 submissi
CorporateRadius 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 AMDD
Drill resultsRadius 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 conclud
Drill resultsRadius 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.
Drill resultsRadius 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
AcquisitionRadius 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 totalli
Drill resultsRadius 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
Drill results