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November 16, 2023 – TheNewswire – Vancouver, British Columbia – Radius Gold Inc. (TSXV:RDU) (“Radius” or the “Firm”) is happy to announce that Minera San Julian, S.A. de C.V. (“Minera San Julian”), an entirely owned subsidiary of Fresnillo plc (“Fresnillo”) has paid US$171,000 to Geometales del Norte-Geonorte, S.A. de C.V. (“Geonorte”), an entirely owned subsidiary of Radius Gold, beneath the phrases of the Exclusivity Settlement for the event of the Plata Verde challenge in Chihuahua, Mexico (“Plata Verde”). This quantity has been utilized by Radius to fund funds pursuant to the underlying choice agreements with the house owners of Plata Verde’s mining concessions. A maiden drill program is anticipated at Plata Verde in Q1 2024.
Beneath the phrases of the Exclusivity Settlement between the businesses (see information launch July 19, 2023), Minera San Julian has an Exclusivity Interval to January 7, 2024 to barter a definitive settlement that would come with an choice settlement to earn a 70% curiosity in Plata Verde. Minera San Julian has the appropriate to increase its Exclusivity Interval for six extra months past January 7, 2024, by offering Geonorte a minimal of US$500,000 to begin drilling at Plata Verde. Such drilling shall be initiated inside 3 months following January 7, 2024.
Bruce Smith, Radius Gold President and CEO, commented: “We’re happy with Fresnillo’s, the world’s largest silver mining firm, continued dedication to the Plata Verde challenge, given some uncertainty over new Mexican mining rules which have delayed the beginning of drilling. With the final cost of the Exclusivity Settlement accomplished, Radius anticipates drilling will begin inside the first months of 2024. Plata Verde is positioned in a traditionally prolific silver mining district. The Plata Verde property has proven widespread silver mineralization in floor and underground rock chip sampling, wonderful silver recoveries in preliminary metallurgical testing, and it has by no means been drill-tested. Our group seems ahead to getting drills turning on this property within the near-term.”
Radius Gold Inc.
Radius has a portfolio of initiatives positioned in Mexico and Guatemala which it continues to advance, using partnerships the place applicable to retain the Firm’s treasury. On the identical time, administration is in search of out extra funding and challenge acquisition alternatives throughout the globe. Radius is a member of the Gold Group of corporations, led by Simon Ridgway. You might discover extra data on Radius Gold at www.radiusgold.com or www.sedarplus.ca.
ON BEHALF OF THE BOARD
Simon Ridgway
Govt Chairman
Image: TSXV-RDU
Contact: Bruce Smith
200 Burrard Avenue, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
E-mail: This electronic mail tackle is being shielded from spambots. You want JavaScript enabled to view it.
Web site: www.radiusgold.com
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
Ahead-looking statements
Sure statements contained on this information launch represent forward-looking statements inside the which means of Canadian securities laws. All statements included herein, aside from statements of historic reality, are forward- wanting statements and embrace, with out limitation, statements about the Firm’s plans for its properties. Typically, however not at all times, these ahead wanting statements could be recognized by way of phrases corresponding to “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “acquire”, “upgraded”, “offset”, “restricted”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that occasions, “may” or “ought to” happen or be achieved and comparable expressions, together with unfavourable variations.
Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any outcomes, efficiency or achievements expressed or implied by forward-looking statements. Such uncertainties and elements embrace, amongst others, adjustments generally financial situations and monetary markets; the Firm or any three way partnership associate not having the monetary potential to fulfill its exploration and growth objectives; dangers related to the outcomes of exploration and growth actions, estimation of mineral sources and the geology, grade and continuity of mineral deposits; unanticipated prices and bills; and such different dangers detailed occasionally within the Firm’s quarterly and annual filings with securities regulators and accessible beneath the Firm’s profile on SEDAR+ at www.sedarplus.ca. Though the Firm has tried to determine vital elements that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to vary from these anticipated, estimated or supposed.
Ahead-looking statements contained herein are based mostly on the assumptions, beliefs, expectations and opinions of administration, together with however not restricted to: that the Firm’s acknowledged objectives and the deliberate exploration and growth actions at its properties might be achieved; that there might be no materials antagonistic change affecting the Firm or its properties; and such different assumptions as set out herein. Ahead-looking statements are made as of the date hereof and the Firm disclaims any obligation to replace any forward-looking statements, whether or not on account of new data, future occasions or outcomes or in any other case, besides as required by regulation. There could be no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, buyers mustn’t place undue reliance on forward-looking statements.
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