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Radius Gold Provides Final Results for Drilling at Tropico Project
(TheNewswire) Vancouver, British Columbia – TheNewswire – N...
About this update from Radius Gold Inc.
[{"type":"text","content":"Radius Gold Provides Final Results for Drilling at Tropico 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 \n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire – November 20, 2023 -\n \n \n Radius Gold Inc. (TSXV:RDU) (“Radius” or the\n“Company”) provides final results for drilling at its Tropico\nProject located in the\n \n \n Fresnillo mining district\nin Zacatecas, Mexico.\n \n The Company completed a 1300m program of\ndiamond drilling in 8 drillholes, with all pending assays received.\n \n \n Drilling defined a large gold mineralized breccia body that starts at\nsurface and to date defined 250m down dip. Gold grades were starting\nto increase with depth from holes 1, 2, 3, 4, & 6, (see press\nrelease Nov. 7, 2023) but unfortunately the latest gold assay results\nfrom the deepest hole 8 are weak.  (See Figure 1 and corresponding\nTable 1 below.)  The drilling encountered wide zones of classic low\nsulphidation epithermal alteration, high level chalcedonic silica,\nbanded stockwork and massive quartz veining, and breccias with gold\nmineralization, but not significant high grade mineralization.\n \n \n Given the unexpected flat dip of the target breccia to the east and\nthe significantly lower gold assays in hole 8, pursuing the breccia\nbody down dip is not justified at this time. Radius geological team\ninterprets the breccia body to be part of a larger diatreme and/or\nexplosive volcanic breccia system. Targeting the source of the\nepithermal gold mineralization will require further evaluation and\nlikely an agreement with Geological Survey of Mexico (GSM), which\ncontrols ground surrounding the Tropico property. Radius has had\nformal and positive discussions with the GSM, but any agreement would\ntake considerable time.\n \n \n \n Exploration Focus\n \n \n \n Radius has multiple compelling exploration projects and in the coming\nmonths the focus of exploration activity will be on Plata Verde\n(Chihuahua Mexico) and Motagua Norte (Guatemala). Radius will continue\nto work with our partners Pan American Silver Corp, to restart\ndrilling at Amalia (Chihuahua, Mexico) and progressing the\nexploitation (mining) permit with Volcanic Gold at Holly (Gu...