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Drilling Commences at Radius Gold's Plata Verde Silver Project
(TheNewswire) Project Highlights: Large scale historic underground bulk silver ...
About this update from Radius Gold Inc.
[{"type":"text","content":"Drilling Commences at Radius Gold's Plata Verde Silver Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Project Highlights:\n \n \n \n \n \n \n Large scale historic underground bulk silver mining\noperation from 1800's.\n \n \n \n \n \n \n Silver mantos occur over 500m x 300m area (exposed in\nhistoric mines) with observed thickness up to 30m.\n \n \n \n \n \n \n Recently re-discovered by Radius, never tested by\nmodern exploration methods.\n \n \n \n \n \n \n Initial metallurgical tests indicate exceptional\nproperties with cyanide leach recoveries averaging 93% for silver and\nin combination with flotation achieving 97% silver recovery (see news\nrelease January 30, 2023).\n \n \n \n \n \n \n Initial, minimum 2000m drill program fully funded by\nMinera San Julian (see news release March 5, 2024).\n \n \n \n \n \n \n June 26\n \n \n , 2024\n \n \n ,\n \n \n Vancouver, British Columbia –\n \n \n TheNewswire –\n \n \n Radius Gold Inc. (TSXV:\nRDU) (“Radius” or the “Company”) is pleased to announce that\ndiamond drilling has commenced at the Plata Verde silver project in\nChihuahua, Mexico. Radius, in partnership with Minera San Julian, S.A.\nde C.V. (“Minera San Julian”), a wholly owned subsidiary of\nFresnillo plc (“Fresnillo”) plan to complete a minimum of 2000m of\ndiamond core drilling targeting bulk minable, underground silver\nresources at the historic Plata Verde mines. The drill program is\nfully funded by Minera San Julian as part of the option agreement (see\nnews release, March 5, 2024) signed between the companies to jointly\nexplore Plata Verde.\n \n \n \n \n Bruce Smith, Radius Gold President\nand CEO, commented:\n \n \n \n \n “The Radius Gold team is excited to get\nstarted drilling at Plata Verde. The large-scale historic silver mines\nhave never been drill-tested and are compelling targets. As one of the\nlargest silver producers in the world, our partner, Fresnillo, brings\nsignificant expertise to this exploration program and our project\nteam. We are encouraged by the results of surface and underground chip\nsampling, the metallurgical program, and the project’s history of\nbulk tonnage underground silver production. The la...