Radius Gold provides update on Amalia 4 Concession Application.
news release
May 3, 2023
Radius Gold provides update on Amalia 4 Concession Application.
Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) (“Radius” or the “Company”) provides an
update on the application process for the Amalia 4 mining concession and announces it has filed a legal
demand with a Federal Mexican Court to obtain title to the Amalia 4 concession.
The Company’s Amalia project consists of 1,137 ha of core granted licenses and an 8,590 ha Amalia 4 claim
application. Radius and project JV partner Pan American Silver Corp. have completed all the
requirements, fee payments and surveys for the Amalia 4 application. The mining authority of Chihuahua
has processed and approved the submission without fault and passed the license to the Mexico Mining
Directorate proposing title issuance. The regulated time for the mining authority to comment and request
revision has passed and granting of title is a legal requirement under the mining law. Radius has filed a
legal demand to enforce the granting of title. Radius legal counsel believes the Company has clear legal
right to the application and title. Legal counsel has been successful in ob taining granted concessions in
similar situations recently.
Figure 1. Amalia tenure.
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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 approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located in Mexico and Guatemala which it continues to advance, utilizing
partnerships where appropriate in order to retain the Company’s treasury. At the same time,
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.
ON BEHALF OF THE BOARD
Bruce Smith
President and CEO
Symbol: TSXV-RDU
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]
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 and include, without limitation, statements about the Company’s Amalia project. Often, but not
always, these forward looking statements can be identif ied 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 Amalia 4 concession will be granted as anticipated; 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
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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 Amalia 4 concession will be granted as anticipated ; 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.