Radius Gold provides update on drilling at Motagua Norte property, Guatemala
news release
April 25, 2024
Radius Gold provides update on drilling at Motagua Norte property,
Guatemala
Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) (“Radius”) and joint venture partner,
Volcanic Gold Mines Inc. (TSXV: VG) (“Volcanic”) are pleased to report on the ongoing drilling
campaign at the Motagua Norte Project.
As previously reported (April 3, 2024), drilling confirmed that the broad area of boulder float with
abundant bonanza grade assay results discovered by Volcanic geologists at the Mila target is
underlain by a serpentinite package, and the colluvial boulders of quartz and schists bearing high-
grade gold values have likely moved downslope from a major structural corridor, that includes
the Veta Madre Fault.
Initial results have been received for the first two diamond drill holes (MIDD -24-04 & 05) drilled
to the south that cut the broad Veta Madre Fault. The results indicate the gold bearing colluvium
fields did not originate from the Veta Madre structure as n o anomalous samples were returned
from these two holes. Geological mapping further upslope, south of Veta Madre, has identified
another large quartz structure (Veta Padre). Between the two main structures visible gold in
outcrop in narrow south dipping veins has been observed.
Drilling is now focused on the veins to the south of the Veta Madre and testing the stockwork
zones.
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Map showing the Mila prospect:
About the Motagua Norte project
The Motagua Norte project is a gold system hosted by schists of the Motagua suture zone, an
east-west striking belt of metamorphic rocks that outcrops at the line of collision between the
North American and Caribbean tectonic plates.
Volcanic Gold Mines has an option agreement from Radius to earn a 60% interest in the Cirilo I
exploration licence and other licences under applications and negotiation within the Motagua
Norte project, as well as the Holly Project where the J/V has established a high-grade epithermal
gold resource 60km north of the Cerro Blanco Gold Deposit. (See news release Sept. 18, 2023).
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 30 years of mineral exploration experience and has prepared and
approved the technical information contained in this news release.
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Radius Gold Inc.
Radius has a portfolio of projects located in Mexico and Guatemala which it continues to advance,
utilizing partnerships where appropriate to retain the Company’s treasury. At the same time,
management is seeking out additional inv estment 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 information on Radius Gold at www.radiusgold.com or www.sedarplus.ca.
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
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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
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Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause
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performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors
include, among others, whether planned exploration work at the Company’s projects 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.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual
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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
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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
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materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on
forward-looking statements.