Vancouver, British Columbia – TheNewswire – August 19, 2021 – ( ) is pleased to announce that phase five diamond drilling has commenced at the California Vein System, at Radius’s high-grade gold-silver Amalia Project in Chihuahua, Mexico. , the project operator, plans a minimum 3500m diamond core drilling with a second rig to be deployed to test the El Cuervo target in the coming weeks. The current drill program will be fully funded by Pan American pursuant to its option to earn an interest in the Amalia Project.
California vein system is a subparallel mineralized structure (Figure 1) up to 4m wide of massive silicification, crustiform quartz and local brecciation that outcrops discontinuously over 3km.
El Cuervo is located 3.8km south of San Pedro along strike of the Amalia regional fault (Figure 1). El Cuervo has silicification, stockwork veining and brecciation up to 7m wide that has been defined semi-continuously for 1.5km, with rock chip samples that range from below detection to 637 g/t Ag and 2.24 g/t Au.
Pursuant to an option agreement signed in June 2018, 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.
Figure 1. Amalia regional drill targets.
Quality Assurance and Quality Control
Drilling is carried out using NQ and HQ size tooling. Drill core is cut in half using a rock saw with one-half of the core then taken as a sample for analysis. Sample intervals are generally 1m intervals, producing samples of between 2 to 9 kg. Half-core samples are delivered to the ALS Geochemistry laboratory facilities in Chihuahua, Mexico. The samples are fire assayed for Au and are analysed for Ag and multi-elements using method code ME-ICP61 following a four-acid digestion. Overlimits are analysed using an appropriate method. Multi-element geochemical standards and blanks are routinely entered into the drill core sample stream to monitor laboratory performance. Quality control samples submitted to ALS were returned within acceptable limits.
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’s Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith has reviewed and approved the technical information contained in this news release.
Radius has a portfolio of projects located in Mexico, United States and Guatemala which it continues to advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe.
ON BEHALF OF THE BOARD
President and CEO
Contact: Bruce Smith
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: [email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the results of exploration work and future plans at the Amalia Project. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, whether the planned exploration work at Amalia will proceed as intended; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the exploration work at the Amalia Project will advance as planned; that the Company’s stated goals and the planned exploration and development activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Copyright (c) 2021 TheNewswire – All rights reserved.
Sassy Gold, Multiple Ways to Win in 2023
Marvel Discovery $MARV.V – An Exciting #Gold, #uranium, #copper, #nickel, #PGE, #REE & (Possibly) #LITHIUM Play
It’s been a terrible year for junior mining stocks. Hell, it’s been a terrible year for bonds, cryptocurrencies & industry-leading tech stocks…
Seahawk Gold Corp Engages North Equities Corp.
Vancouver, British Columbia–(Newsfile Corp. – October 13, 2022) – Seahawk Gold Corp. (CSE: SEAG) (OTCQB: SEHKF) (FSE: 7SR) (the "Company" or "Seahawk")…
Hudbay to Host Conference Call for Fourth Quarter 2022 Results
Filo Mining Reports 1,776m at 0.70% CuEq and 1,297m at 1.00% CuEq
MAS Gold Announces Results of the Annual General and Special Meeting of Shareholders and Corporate Update
TASEKO EXTENDS TERM OF UNDRAWN REVOLVING CREDIT FACILITY AND PROVIDES UPDATE ON HEDGING PROGRAM
Portofino Provides Projects Updates; 2023 Plans and Objectives
Osino Receives Multiple Project Finance Offers For the Development of the Twin Hills Gold Project, Namibia
Fortuna’s Séguéla Gold Project ~90% Completed and On-Track for Commissioning in Q2 2023
Newmont Corporation Files Early Warning Report
Precious and Base Metals Market Size to Reach $2,098.52B in 2030
Fuse Battery Metals Grants Stock Options
Economics14 hours ago
Revisiting Exchange Market Pressure
Economics20 hours ago
Bonds Die, CPI’s Lie, & Gold Flies
Economics24 hours ago
The Fed’s Portfolio Is Nonexistent: The Fed Does Not Invest. It Destroys Investments
Economics16 hours ago
US To Open 4 New Sites In Philippines, Accelerating ‘Pivot To Asia’
Precious Metals12 hours ago
Theater Of The Absurd In J6 Courtrooms
Economics24 hours ago
Dow Jones Outlook: Understanding the Dangers & Rewards of Crisis Investing
Economics20 hours ago
3 Things Most People Don’t Know About Gold, Bitcoin, And Money
Economics4 hours ago
Prepping For War? Chinese Spy Balloon Belies Much Larger Economic Warning Signs