Radius Gold Inc. · TSXV:RDU
Radius Gold — Investor Presentation (May 2023)
21 slides from Radius Gold's investor presentation, May 2023
Slide 1: Relentless Exploration - Great Discoveries
May 2023 RELENTLESS EXPLORATION - GREAT DISCOVERIES Tropico—the next discovery in the Fresnillo District BRUCE SMITH CEO & PRESIDENT TSX.V-RDU │ RADIUSGOLD.com
Slide 2: Forward-Looking Statements & Qualified Person
FORWARD-LOOKING STATEMENTS & QUALIFIED PERSON Cautionary Notes and Disclaimers Certain statements contained in this presentation constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are
Slide 3: Gold & Silver Discoveries in World-Class Terrain
GOLD & SILVER DISCOVERIES IN WORLD -CLASS TERRAIN MOTAGUA NORTE TROPICO High grade gold discovery NEW PROPERTY Mexico 100% Fully funded by HOLLY PLATA VERDE Maiden Resource Drilling Soon AMALIA MARICELA Resource Definition Fully funded by Fully funded by Fully funded by 100% Guatemala TSX.V-RDU │ RA
Slide 4: Potential Revaluation Triggers
POTENTIAL REVALUATION TRIGGERS TROPICO • Potential gold discovery (never drill tested) Mexico, Silver & • Highly prospective epithermal “hot spring type” sinter and breccia pipe target in Fresnillo mining Gold district – world’s largest silver camp. • Planned maiden drilling Summer/Fall 2023 PLATA V
Slide 5: Tropico
TROPICO NEW RADIUS DISCOVERY NEVER PREVIOUSLY EXPLORED OR DRILL TESTED THE NEXT DISCOVERY IN THE WORLD’S GREATEST SILVER MINING CAMP—FRESNILLO DISTRICT, ZACATECAS • Constant production over 470 years – since 1554 • Estimated district production +3 billion ounces of silver plus gold, copper, lead, zi
Slide 6: Tropico Epithermal Hotspring Sinter and Breccia Pipe Target
TROPICO EPITHERMAL “HOTSPRING” SINTER AND BRECCIA PIPE TARGET TROPICO TARGET FRESNILLO DISTRICT • Discovered in a flat bean field • Ore deposits are majority “blind” (2022) located 150 to 300 below surface • Breccia pipe and sinter • Epithermal veins, breccia pipes & mantos • Significant scale 450m
Slide 7: Tropico Target
TROPICO TARGET TROPICO ROCK SAMPLES (AU) 2023 assays, right, included significant gold values in rock chip samples from a sinter system2 Sinter typically very low grade or barren precious metal content but can be the surface indication of a mineralized system at depth. Famous examples of epithermal
Slide 8: Tropico has every indication for the potential to make a great discovery
“Tropico has every indication for the potential to make a great discovery. Located within sight of Fresnillo, the worlds greatest epithermal silver deposit, within the same host rocks. Radius team have located and secured a gold bearing breccia pipe of significant scale, rimed by sinter and yet to b
Slide 9: Amalia Project JV
AMALIA PROJECT JV ➢ HIGH GRADE GOLD SILVER DRILL RESULTS ➢ 10,250 HA LAND POSITION IN NW MEXICO California ➢ 67 DRILL HOLES & 23,058 M COMPLETED ➢ DRILLING 3 MAJOR STRUCTURES ➢ RESOURCE DEFINITION Amalia 7km TARGETS: ➢ Hole AMDD19-10: Amalia 3 km vein & breccia ➢ 44m @ 12.39 g/t Au, 309 g/t Ag Calif
Slide 10: Amalia Long Sections
EL CUERVO LONG SECTION AMALIA LONG SECTIONS AMALIA CENTRAL LONG SECTION – Ag eq* CALIFORNIA LONG SECTION
Slide 11: Amalia Project Expansion Potential
AMALIA PROJECT EXPANSION POTENTIAL At depth / along strike / new targets / new veins Amalia Project- Plan Map Amalia Project- Cross Section Expansion Potential
Slide 12: Plata Verde
PLATA VERDE ➢ RE-DISCOVERED AFTER 150 YEARS ➢ LARGE SCALE HISTORIC MINING DISTRICT ➢ SILVER MANTOS & BRECCIAS ➢ JV WITH WORLD’S NO.1 SILVER MINER: FRESNILLO PLC Silver rocks 200m Mina Mojonera: large scale historic under ground silver mine TERMS SUMMARY • Fresnillo may acquire an option to earn 70%
Slide 13: Plata Verde Metallurgical Testing
TSX.V-RDU │ RADIUSGOLD.com 13 PLATE VERDE BRECCIA HOSTED SILVER STOCKWORK SILVER MINERALIZATION DISSEMINATED SILVER MINERALIZATION MINERALIZATION • Low work index for grinding INITIAL METALLURGICAL TESTING • Cyanide leach test work, average recoveries of 93% for silver Excellent silver recoveries •
Slide 14: Guatemalan JV
GUATEMALAN JV ➢ ADVANCED PROJECTS ➢ MULTIPLE TARGETS ➢ HOLLY PROJECT ➢ MAIDEN INFERRED RESOURCE ➢ MOTAGUA NORTE ➢ HIGH GRADE GOLD ➢ DISTRICT SCALE PROSPECTING DISCOVERY Hole 27 4.57m @ 54.24 Hole 30 10.68m @ 2.07 g/t Gold, 3925 g/t Silver g/t Gold, 389 g/t Silver TERMS • Volcanic earning 60% in Holl
Slide 15: Holly 2022 Drilling Summary
HOLLY 2022 DRILLING SUMMARY • 30 drill holes, 5008 metres • 20 holes targeting La Pena Structure • Inferred resource of 406,316 oz @ 9.57 g/t AuEq(1) • Limited or no drilling in 6 additional parallel veins (1) See slide 21 for details and technical disclosure TSX.V-RDU │ RADIUSGOLD.com 15
Slide 16: Motagua Norte Prospect
MOTAGUA NORTE PROSPECT • Prospecting discovery ~3 km long gold trend up to 692 g/t Au 320g/t 320 g/tAu A • Licence application pending grant of environmental and drill permits • Sparsely populated area of Guatemala • Formal land access agreements in place with land owners • Extensive areas of bonanz
Slide 17: Maricela Mexico
MARICELA MEXICO ➢ WORLD CLASS MINING DISTRICT ➢ EXCELLENT INFRASTRUCTURE ➢ NEVER EXPLORED OR DRILL TESTED ➢ DRILL READY ➢ SEEKING JV PARTNER RADIUS OPTION TO ACQUIRE 100% TERMS SUMMARY • Radius option to earn 100% in Maricela by paying US$1,250,000 over 36 months Majestic • $1,060,000 due at end of
Slide 18: Maricela Project
MARICELA PROJECT ➢ EPITHERMAL SILVER GOLD VEINS ➢ COMBINED 2.5KM OF 6 MAJOR VEINS ➢ AVERAGE VEIN WIDTH 10M ➢ MULTIPLE VEIN INTERSECTIONS UP TO 25M ➢ HIGH GRADE & DISSEMINATED TARGETS ➢ UNDERGROUND & OPEN PIT POTENTIAL VEIN MAPS & CHANNEL SAMPLING ➢ Systematic chip channel samples across structures ➢
Slide 19: Radius Gold Inc Corporate Structure
RADIUS GOLD INC EQUITIES – $1.1M CORPORATE STRUCTURE CASH HOLDINGS - $0.5M *as of April 24, 2023 ±15% 87.27M 5.85M 0 93.11M Cdn $0.2 Cdn $17.5M (fully diluted) ISSUED SHARES OPTIONS WARRANTS FULLY DILUTED TRADING PRICE MARKET CAP MANAGEMENT MANAGEMENT & BOARD OF DIRECTORS Bruce Smith Simon Ridgway M
Slide 20: Relentless Exploration - Great Discoveries
May 2023 RELENTLESS EXPLORATION - GREAT DISCOVERIES BRUCE SMITH CEO & PRESIDENT B S MI T H@ G O L DG RO UP . CO M +6 4 2 2 1 8 8376 3 TSX.V-RDU │ RADIUSGOLD.com
Slide 21: La Peña Maiden Inferred Resource
HOLLY PROPERTY La Peña Maiden Inferred Resource Cut-off Tonnes Gold Gold Category grade AuEq above cutoff Gold (g/t) Silver (g/t) Gold (oz) Silver (oz) Equivalent* Equivalent* (g/t)* (millions) (g/t) (oz) Inferred 3.00 1.32 6.46 256 272,110 10,913,360 9.57 406,316 1.Resources estimated using a 3.0 g