Radius Gold Inc. is pleased to announce that Minera San Julian, a wholly owned subsidiary of Fresnillo plc has paid US$171,000 to Geometales del Norte-Geonorte, a wholly owned subsidiary of Radius Gold, under the terms of the Exclusivity Agreement for the development of the Plata Verde project. This amount has been used by Radius to fund payments pursuant to the underlying option agreements with the owners of Plata [...]
Radius Gold is pleased to provide an update on drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas. The Company completed an initial 1300m program of diamond drilling in 8 drillholes, with assays received for the first 7 holes. Drilling is planned to resume upon receipt of remaining assay results. Drilling in 5 holes has defined a large gold mineralized hydrothermal breccia body that [...]
Radius Gold Inc. is pleased to provide an update on exploration work conducted by JV partner, Volcanic Gold Mines, on Radius's high-grade Mila prospect in the Motagua Norte project. Highlights of the gold discoveries at the Mila prospect: Concentration of bonanza-grade and visible gold in quartz veins over a 250 x 570 m area. Continuous line rock chip sampling across mixed outcrop, subcrop, boulder fields of 34 m [...]
Radius Gold Inc. announces that further to its news release of September 20, 2023, it has completed the issuance of 500,000 common shares of the Company 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 ongoing leadership as the Company's President and Chief Executive Officer. The shares are subject to a resale restriction which expires on January 28 [...]
Radius Gold Inc. is pleased to provide an update on drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas, Mexico. The initial hole TDD-001, planned for 300m to traverse the Tropico target, encountered difficult drilling conditions and was abandoned at 56m in a large brecciated fault zone. The hole from 19m to 56m is intensely altered with clay, silicification, variable zones of [...]
wp=2002]Radius Gold Inc.[/wp] announces that it proposes, subject to TSX Venture Exchange approval, to issue 500,000 common shares of the Company to Bruce Smith in part consideration for his ongoing leadership as the Company's President and Chief Executive Officer. The common shares will be issued at a deemed price of $0.24 per share, for a total deemed value of $120,000. Radius Gold Inc. Radius has a portfolio of projects [...]
Radius Gold Inc. is pleased to provide an update on drilling at its Tropico Project. The initial hole TDD-001, planned for 300m to traverse the Tropico breccia pipe, encountered difficult drilling conditions and was abandoned at 56m. Promisingly, immediately under the soil cover the hole started in silicified breccias and banded veins with strong fine-grained sulphides. The hole from 19m to 56m is intensely altered with [...]
Radius Gold Inc. and Volcanic Gold Mines Inc. are pleased to announce that they have modified the Option Agreement signed in 2020 to include Radius's Motagua Norte project in exchange for the Banderas project. The work that the Volcanic team has completed to date has demonstrated that Motagua Norte is a high grade orogenic gold system with compelling drill targets. Highlights Under the modified Option Agreement, Volcanic [...]
Radius Gold Inc. is pleased to announce the commencement of drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas, Mexico. In the past few months, the Company has defined targets and completed all preparations to commence drilling on this compelling epithermal gold-silver system. Highlights Tropico is a gold mineralized "hot spring type" sinter and breccia pipe system Radius plans a 2000m [...]
Radius Gold Inc. is pleased to announce that its wholly owned subsidiary, Geometales del Norte-Geonorte, has extended the term of its Exclusivity Agreement with Minera San Julian, a wholly owned subsidiary of Fresnillo, for Radius' 100% owned Plata Verde Project. The amended Agreement provides Minera San Julian a 6?month extension to its Exclusivity Period from July 7, 2023 to January 7, 2024 to negotiate a Definitive [...]
Radius Gold Inc. is pleased to announce progress at its Tropico project where the Company has defined a gold mineralized "hotspring type" sinter and breccia pipe target within the Fresnillo district, Zacatecas, Mexico. In the 3 months since acquisition , Radius completed geological mapping, surface rock chip sampling and a deep penetrating CSAMT geophysical survey to define drill targets on the Tropico epithermal gold [...]
Radius Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 11,149,983 units at a price of $0.175 per unit, for gross proceeds of $1,951,247. Each unit consists of one common share of the Company and one warrant which entitles the holder to purchase one common share at a price of $0.35 for a period of 24 months following the closing of the private [...]
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