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Exploration Update: Radius Exercises Option on Hidekel Concessions Adjacent to Tierra Roja, Peru
(TheNewswire) October 2, 2025 – TheNewswire - Vancouver, Canada – Rad...
About this update from Radius Gold Inc.
[{"type":"text","content":"Exploration Update: Radius Exercises Option on Hidekel Concessions Adjacent to Tierra Roja, Peru\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 October 2, 2025 –\n \n\n TheNewswire -\n \n\n Vancouver, Canada – Radius Gold Inc.\n(TSXV: RDU) (\"Radius\" or the \"Company\")\n \n is\npleased to announce that it has signed a Mining Assignment and Option\nAgreement to acquire the 1,800-hectare Hidekel concessions directly\nadjoining its 100%-owned Tierra Roja copper project in southern Peru\n(see press release Feb 28, 2025). The remaining concessions under\nreview have been released. The signing of this Mining Assignment and\nOption Agreement consolidates Radius’s land position at Tierra Roja\nand strengthens the Company’s control over one of the most\ncompelling copper exploration targets in the district.\n \n\n\n Drill Permitting and Progress\nUpdate\n \n\n\n Radius has advanced permitting and preparation for the first drill\nprogram at Tierra Roja. The Company has secured key approvals required\nto drill, including:\n \n\n\n\n Ficha Técnica Ambiental (FTA) authorizing drilling and construction\nof up to 20 drill platforms and access roads.\n \n\n\n\n Archaeological permit confirming clearance of cultural heritage\nimpacts.\n \n\n\n\n Water supply contract with a licensed provider.\n \n\n\n\n Selected local drill contractor.\n \n\n\n\n Federal land-use certification confirming the project area is\nunoccupied government land.\n \n\n\n\n An additional access waiver is required, which is in progress.\nRadius’s legal team has advised that the final authorization for\ninitiation of activities is expected to be issued beginning of\nNovember.\n \n\n Radius remains well-funded and has sufficient cash reserves to\ncomplete the planned drill program once final approvals are received.\n \n\n\n Figure\n1.\n \n\n Tierra Roja location\nmap.\n \n\n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n Figure\n2.\n \n\n Tierra Roja tenure and\ntarget areas.\n \n\n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n Management Comments\n \n\n\n Bruce Smith, President and CEO of Radius Gold, stated:\n \n\n\n \"The acquisition of the Hidekel\nconcessions secures a key extension of our Tierra Roja project. Our\nteam is eager to commence the first drill pro...