Key facts
| Company | Radius Gold Inc. (TSXV: RDU) |
|---|---|
| Commodity | Gold |
| Location | Guatemala |
| Stage | Early exploration |
News releases11 on file
Radius 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 vein
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
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
Drill resultsRadius 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
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 Motagu
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
Drill resultsLong 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 samplin
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 g
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 dril
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
CorporateRadius 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 $
Acquisition