Radius Gold expands Plata Verde Project by 500ha and announces new road construction
news release
October 19, 2020
Radius Gold expands Plata Verde Project by 500ha and announces new road
construction
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased announce that it has acquired the right to
purchase the 500 hectare Don Jose property that surrounds Radius’s Plata Verde silver project located in
Chihuahua, Mexico. The Company is also pleased to report that local land owners have constructed a new
access road that reaches the Project, enabling year round access by 4x4 trucks and facilitating exploration
and future drilling programs. The Company is currently conducting environmental surveys at Plata Verde
required to file drill permits.
Plata Verde Project Expansion
Radius has recently negotiated an option agreement with local concession holders to acquire the rights
to the 500 hectare Don Jose concession that surrounds its 300 hectare Don Benja concession, bringing the
Company’s holdings at Plata Verde to 800 hectares. The Don Jose concession has no exploration history
and covers the same prospective rocks that host the Plata Verde silver mineralization. Radius has
conducted limited prospecting and stream sediment geochemistry at Don Jose. Within the property there
are several highly anomalous silver values in stream sediment sampling that the Company will prioritise
for exploration.
Road Access
When Radius’s geologists discovered Plata Verde Project in March 2020, the Project was accessed by a
strenuous 4 to 6 hour hike and all supplies and samples for subsequent exploration programs were
transported by mules. Recently a local land owner constructed 4x4 road access to the property and has
allowed the Company to use the road. Radius is currently negotiating a long term legal access right that
will allow it to use the road for future exploration and drilling programs.
Plata Verde Silver Project
Radius is developing compelling drill targets at Plata Verde and recently announced the definition of large
scale silver mineralized breccias within a 200m x 500m mineralized zone (see news release July 22, 2020.
The next phase of field work will consist of prospecting, mapping and sampling of the new Don Jose
property, as well as geophysical programs at Plata Verde to identify feeder systems and expansions of the
known mineralization under the thin (>100m) cover volcanics.
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The Plata Verde Agreements
Radius can earn a 100% interest in the 300ha Don Benja concession by making staged payments totalling
US$800,000 over four years with a final payment of $400,000 due at the end of year four. An $8,000
signing payment has been paid. The owner retains a 1% NSR which Radius can buy back for US$1,000,000.
Radius can earn a 100% interest in the 500ha Don Jose concession by making staged payments totalling
US$500,000 over four years with a final payment of $185,000 due at the end of year four. A $9,000 signing
payment has been paid. The owner retains a 1% NSR which Radius can buy back for US$600,000.
Radius is responsible for paying taxes owing on the properties of up to US$138,000. Radius is working to
minimize and then pay the outstanding taxes, file outstanding claim reports and restore the properties to
compliance.
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
has reviewed and approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located primarily 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
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
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 by the Company
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of Plata Verde Project; the exploration plans for the Plata Verde properties; the Company’s business strategy, plans
and outlook; the merit of the Company’s investments 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 ”, “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 Company will acquire the Plata Verde Project ; whether the plans for exploring the Plata Verde
Project will proceed as planned; 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; ri sks 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 d iffer 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 ass umptions, beliefs, expectations and opinions of
management, including but not limited to: that the exploration activities at the Plata Verde Project will proceed as
planned; that the Company’s activities will be in accordance with its public statements an d 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, 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.