Business
Radius updates on progress at Holly Property and other developments in Guatemala
(TheNewswire) March 31, 2022 - TheNewswire - Vancouver, British Colum...
About this update from Radius Gold Inc.
[{"type":"text","content":"Radius updates on progress at Holly Property and other developments in Guatemala \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n March 31, 2022 - TheNewswire -\n \n \n Vancouver, British Columbia – Radius Gold Inc. (TSXV:RDU)\n \n \n (OTC:\n \n \n RDUFF)\n \n \n (“Radius” or\nthe “Company”) is pleased to provide an update from our joint\nventure partner\n \n , Volcanic Gold Mines Inc., on progress at the\nHolly property:\n \n \n Volcanic Gold Mines Inc. reported the following in a news release\ntoday:\n \n \n \n Government Progress\n \n \n \n \n The Presidential Commission for Peace and Human Rights\nheld the first coordination meetings with institutions and authorities\nat the national, departmental, and municipal levels during the past\nfew weeks regarding the incidents that took place at the Holly\nproperty on February 23rd of this year.\n \n \n \n \n From these meetings it is clear that the Central\ngovernment and Departmental government of Chiquimula support the Holly\nproject and will work with Volcanic to regain the social license.\n Volcanic looks forward to a resolution of the issues and a\nresumption of work at the project and corresponding news flow.\n \n \n \n \n Holly Project Gold Discovery and New\nExploration Opportunities\n \n \n \n \n The gold and silver discovery we have made at Holly is\nsignificant. It is a high-grade vein deposit that could be mined from\nunderground, causing very little surface disruption.  It will not\nrequire a processing plant as in the near future there will likely be\ntwo mills in operation within trucking distance.  Volcanic is in the\nprocess of concluding an inferred resource calculation and from that\nwe will generate an approximate value of the deposit that has been\ndiscovered to date.  Further, the deposit is open in all directions.\n We will continue to move forward at a pace that will protect the\ninvestment we have made and the value we have created.\n \n \n \n \n Elsewhere in the country Volcanic is actively reviewing\nthe land position it optioned from Radius in  June 2020.  Several of\nthe areas have been reviewed, some have been rejected and the\nconcession applications cancelled.  To date, three have shown\nsignificant promise and we are going through the process of getting\nthese conces...