Radius Gold and Pan American Silver commence drilling at Amalia Project, Mexico
news release
October 22, 2019
Radius Gold and Pan American Silver commence drilling at
Amalia Project, Mexico
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased to announce that phase 3 diamond
drilling has commenced at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico.
Pan American Silver Corp . is now operating the Project and plans a minimum 2 500m diamond core
drilling. The current drill program will be fully funded by Pan American Silver pursuant to its option to
earn an interest in the Amalia Project.
Technical Information
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 prepared and approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located primarily in the United States and Mexico 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
Simon Ridgway
President and CEO
Symbol: TSXV-RDU
Contact: Simon Ridgway
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]
Website: www.radiusgold.com
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Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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 which include, without limitation, statements about the possible acquisition by Pan
American of an interest in the Amalia Project; the exploration plans for the Amalia Project; the Company’s business
strategy, plans and outlook; the merit of the Company’s investm ents and properties; timelines; the future financial
performance of the Company; expenditures; approvals and other matters. Often, but not always, these forward
looking statements can be identified by the use of words such as “estimate”, “estimates”, “est imated”, “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 “s hould” 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, the possible acquisition by Pan American of an interest in the Amalia Project; the plans for
exploring the Amalia Project; changes in general economic conditions and financial m arkets; 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 Pan American may acquire an interest in the Amalia Project; that the
exploration activities at the Amalia Project will proceed as planned; that the Company’s activities will be in
accordance with its public statements and stated goals; that all required approvals will be obtained; that there will
be no material adverse change affecting the Company or its investments or 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, excep t 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.