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Radius Gold Discovers Gold Mineralized "Hotspring Type" Sinter and Breccia Pipe Target in Fresnillo District, Zacatecas
(TheNewswire) Vancouver, BC - TheNewswire - March 21, 2023 - Radius Gol...
About this update from Radius Gold Inc.
[{"type":"text","content":"Radius Gold Discovers Gold Mineralized \"Hotspring Type\" Sinter and Breccia Pipe Target in Fresnillo District, Zacatecas \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 Vancouver,\n \n \n BC\n \n \n -\n \n \n TheNewswire -\n \n \n March 21, 2023 -\n \n \n Radius Gold Inc.\n \n \n (TSXV:RDU)\n \n \n (“\n \n \n Radius\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) is pleased to announce the discovery and acquisition of\na new gold mineralized “hotspring type” sinter and breccia pipe\ntarget within the Fresnillo district, Zacatecas, Mexico. Radius has\nentered into an option agreement with local claim owners to acquire\n100% of the new property named Tropico.\n \n \n \n \n Tropico Location\n \n \n \n \n The Tropico target is located 30 km northwest of\nFresnillo city, Zacatecas, Mexico. The Fresnillo mining district is\none of the world’s greatest epithermal systems and hosts the\nworld’s oldest continuously operating mines producing silver, gold,\ncopper, lead, and zinc for approximately five centuries, since 1554.\nThe district has over 150 veins, mantos and chimney deposits including\n+30 large scale ore producers and it continues to deliver new\ndiscoveries. In 2005, the Juanicipio project was discovered by MAG\nSilver Corp and Fresnillo Plc, located 8 km from Fresnillo city. This\nrecent discovery is one of the world’s highest grade and largest\nprimary silver (plus gold) development projects\n \n \n [\n \n \n MAG Silver PEA November 7, 2017]\n \n \n .\n \n \n \n \n The Tropico property is located 1 km off the paved\nnational highway route 45 between Fresnillo and Durango. The ground is\nflat and has easy access to all areas via farm tracks. The property is\na mixture of rocky pasture and bean fields. A pre-existing lease\nagreement that allows for exploration has been signed with the local\ncommunity.\n \n \n \n \n Target Model\n \n \n \n \n Chimney bodies in the Fresnillo district are often\ncylindrical shaped brecciated pipes that crosscut the cretaceous\nvolcano sedimentary host units and predate or are contemporaneous with\nsilver, gold and base metal veins. The vein systems at Fresnillo are\nmost frequently “blind”, meaning they do not outcrop, and the tops\nof the orebodies are concealed t...