Announcement Date: 2022-04-25
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Radius Gold Inc.
Project name: Amalia
Location: Mexico
Commodities: Gold,Silver
Highlight: Drilling results incl. 17.35m @ 253g/t Ag, 1.11g/t Au from 398.65m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) is pleased to report results from the El Cuervo target at the Amalia Project, Mexico (Figure 1). Drilling at El Cuervo is ongoing, and the latest results show that Radius continues to define wide zones of mineralization on the largely untested structure. All drill holes have been collared from 2 platforms with the holes fanned out testing approximately 350m of strike extent and 300m depth (Figure 2). The El Cuervo structure remains open to expansion along strike and to depth and so far, has been tested by 12 drillholes for a total 4752 meters. Assay results for holes AMDD22-055 to AMDD22-057 are still pending. The full table of results as well as plan maps showing the El Cuervo drilling to date are presented below. Pursuant to an option agreement signed in June 2018, Pan American Silver Corp. has the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totalling US$1.5 million (of which US$800,000 has been received) and expending US$2 million on exploration over four years. Pan American may earn an additional 10% by advancing the property to preliminary-feasibility.
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