Radius Gold provides exploration update on Tierra Roja Project
news release
December 18, 2024
Radius Gold provides exploration update on Tierra Roja Project
Vancouver, BC – Radius Gold Inc. (TSX -V: RDU) ("Radius" or the "Company") is pleased to provide an
update on its Tierra Roja project, highlighting significant progress as the Company advances its exploration
efforts and develops drill targets and new projects for 2025.
Key Developments Summary
Since signing the property option in September , Radius has achieved several important milestones at
Tierra Roja, including:
▪ Expanded Land Area: The Company has successfully increased the land position from an initial
600ha project area to 1870ha securing additional highly prospective ground to strengthen its
exploration potential.
▪ Detailed Geological Mapping: Field teams are currently in the field completing comprehensive
geological mapping, identifying key structural features and mineralization trends to refine drill
targets.
▪ Ground Magnetic Survey: A high -resolution ground magnetic survey was conducted, enhancing
understanding of subsurface geology and delineating potential drill targets.
▪ Drill Permitting: Progress has been made in obtaining permits for an initial drill program, ensuring
that the next phase of exploration can proceed efficiently.
▪ Negotiating New Access Road: Radius is in advanced discussions to secure agreements for the use
of a private access road, which will provide direct access to the Pan American highway 20km south
of Tierra Roja and improved logistical support for exploration activities.
Bruce Smith, CEO and Director of Radius Gold, commented:
“We have made significant progress at Tierra Roja in the past 3 months and expanded the exploration
potential of th e project. Having spent the last weeks in Arequipa conducting regional exploration and
detailed evaluations of Tierra Roja, I am impressed by the intense silica sericite alteration halo and
widespread copper mineralization. Radius plans to create and publish site videos of Tierra Roja in the
coming weeks to assist shareholder s to better understand the targets . Further, we wish all our
shareholders and stakeholders a good Christmas break and look forward to an exciting and prosperous
New Year.”
1111 Melville Street, Suite 1000
Vancouver, BC V6E 3V6, Canada
www.radiusgold.com
T 604.801.5432
F 604.662.8829
TF 1.888.627.9378
TSX.V: RDU
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Figure 1. Tierra Roja photo looking east with rock chip copper geochemistry and geological features :
Figure 2. Tierra Roja target with background ground magnetic survey:
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Field Work
Radius recently completed a detailed ground magnetic survey of the core Tierra Roja claims, with 67 line
km of surveys completed. Detailed 3D modelling of newly acquired magnetic data is in progress, but a
preliminary 2D map is presented in figure 2. Stream sediment sampling, rock chip sampling, and detailed
geological mapping of the entire 1870ha project is in progress. Radius has contracted a specialist
permitting consultancy to apply for drill permits. The field component of environmental surveys, flora,
fauna and archaeological studies have been completed and the permit application is being prepared. As
there are no registered communities associated with the project, and no inhabitants living on or near the
project the Company expects the drill permitting process to be straightforward with permits expected
within 3 months.
Next Steps
The Company is now focused on finalizing agreements for new and shorter road access and completing
all necessary preparations for the drill program, expected to commence in 2025. The Company’s
geological team is integrating all the geological data to refine Tierra Roja drill targets and explore the
regional licenses. Initial drill targets will test priority zones identified through geological mapping and
geophysical surveys.
Property Location and Description
Tierra Roja is an early-stage copper porphyry copper target located in the Coastal Desert, southern Peru,
at an elevation of 1700masl and 20km from the Pan American highway. The project site is accessible by
road and 4x4 tracks. This project is a recent discovery with no previous systematic exploration or drilling.
Tierra Roja is located at the northern end of the southern Peru coastal copper belt which hosts some of
the largest copper mines in the world. Peru is the second largest copper producer globally.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’ 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 in Mexico, Guatemala and Peru utilizing partnerships where
appropriate to retain the Company’s treasury. Management is seeking out additional investment and
project acquisition opportunities across the globe. Radius is a member of the Gold Group of companies,
led by Simon Ridgway. You may find more i nformation on Radius Gold at www.radiusgold.com or
www.sedarplus.ca.
ON BEHALF OF THE BOARD
Simon Ridgway
Executive Chairman
Symbol: TSXV-RDU
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Contact: Bruce Smith
1111 Melville Street, Suite 1000
Vancouver, BC V6E 3V6
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 its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) 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 and include, without limitation, statements about the Company’s plans for its properties. 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, the Company’s exploration plans will proceed as expected; 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.sedarplus.ca. 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 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 other wise, 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.