Radius Gold Inc. · TSXV:RDU
Radius Gold — Investor Presentation (February 2023)
28 slides from Radius Gold's investor presentation, February 2023
Slide 1: Relentless Exploration - Great Discoveries
February 2023 RELENTLESS EXPLORATION - GREAT DISCOVERIES 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: Experience Is Everything - The Radius Team
ETHE XPERIENCE IS EVERYTHING RADIUS THE Bruce Smith, Simon Ridgway, CEO, President & TEAM RADIUS Director Founder & Director TEAM Javier Castaneda, Areli Moya, Exploration Country Manager & Manager Legal Representative Felix Zamarron, Adam Buchanan Logistics Manager VP Corporate Development GOLDGROU
Slide 4: Gold & Silver Discoveries in World-Class Terrain
GOLD & SILVER DISCOVERIES IN WORLD -CLASS TERRAIN MARICELA MOTAGUA NORTE New high grade gold discovery 100% Fully funded by Mexico PLATA VERDE HOLLY Drilling Soon Maiden Resource AMALIA Resource Definition Fully funded by Fully funded by Fully funded by Guatemala TSX.V-RDU │ RADIUSGOLD.com 4
Slide 5: Amalia JV - Mexico
AMALIA JV - MEXICO ➢ HIGH GRADE GOLD SILVER DRILL RESULTS ➢ 10,250 HA LAND POSITION ➢ 67 DRILL HOLES & 23,058 M COMPLETED ➢ DRILLING 3 MAJOR STRUCTURES ➢ RESOURCE DEFINITION TERMS SUMMARY • PAS earning 65% in Amalia • Paid US$1.5 million within 48 months (paid) and expended US$2 million on explorati
Slide 6: Amalia Property Targets Overview
AMALIA PROPERTY TARGETS OVERVIEW Amalia Structure 3 km vein structure including the San Pedro high grade gold-silver zone California Structure 2.8 km vein breccia system, up to 50 m wide, open in all directions El Cuervo Structure 6 km 1 km vein breccia with anomalous silver-gold (Drilling in progre
Slide 7: Wide High Grade Gold & Silver Mineralization
WIDE HIGH GRADE GOLD & SILVER MINERALIZATION ➢ Amalia Structure ➢ California Structure ➢ El Cuervo Structure San Pedro target El Puerto target El Cuervo Mina ➢ Hole AMDD21-10: ➢ Hole AMDD21-39: ➢ Hole AMDD21-47: ➢ Electrum cemented breccia ➢ 0.4 g/t Au, 822 g/t Ag ➢ 96m @ 167 g/t Ag & 0.54 g/t Au ➢
Slide 8: Amalia Long Sections
EL CUERVO LONG SECTION AMALIA LONG SECTIONS AMALIA CENTRAL LONG SECTION – Ag eq* CALIFORNIA LONG SECTION
Slide 9: 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 10: Plata Verde JV - Mexico
PLATA VERDE JV- MEXICO ➢ RE-DISCOVERED AFTER ~150 YEARS ➢ LARGE SCALE HISTORIC MINING ➢ SILVER MANTOS AND BRECCIAS TERMS SUMMARY • Fresnillo earning 70% in Plata Verde • Paying a minimum of US$5 million within 48 months • US100,000 within 14 days of signing the agreement TSX.V-RDU │ RADIUSGOLD.com 1
Slide 11: Plata Verde
PLATA VERDE LARGE SCALE BULK MINING OF BRECCIAS, STOCKWORKS AND DISSEMINATED SILVER FROM 1800s TSX.V-RDU │ RADIUSGOLD.com 11
Slide 12: Plata Verde
PLATA VERDE BRECCIA PIPE MINERALIZATION STOCKWORK HOSTED MINERALIZATION DISSEMINATED SILVER SULPHIDE MINERALIZATION TSX.V-RDU │ RADIUSGOLD.com 12
Slide 13: Plata Verde Silver Mineralization - Rock Channel Sampling
PLATA VERDE SILVER MINERALIZATION – ROCK CHANNEL SAMPLING MINA REAL MINA MOJONERA 133 Samples av. 168 Ag 122 Samples av. 156 Ag Breccia 57 samples av. 262 Bx 17 samples av. 244 Ag Ag TSX.V-RDU │ RADIUSGOLD.com 13
Slide 14: Plata Verde Targets - Extensions & Feeders
PLATA VERDE TARGETS – EXTENSIONS & FEEDERS proposed TSX.V-RDU │ RADIUSGOLD.com 14
Slide 15: Plata Verde Initial Metallurgical Testing
PLATA VERDE INITIAL METALLURGICAL TESTING Excellent Silver Recoveries1 ➢ Low work index for grinding (Wi averaged 8.67 kWh/t classifying the samples as “soft” for ball mining ➢ Cyanide leach test work, reported average recoveries of 93% for silver ➢ Flotation studies generate Pb/Cu concentrations wi
Slide 16: Guatemala JV Project
GUATEMALA JV PROJECT ➢ DISTRICT SCALE LAND POSITION ➢ HIGH GRADE GOLD SILVER PROJECTS ➢ ADVANCED PROJECTS – MULTIPLE TARGETS TERMS ➢ MAIDEN INFERRED RESOURCE OF 406,316 OZ @ • Volcanic earning 60% in Holly and Banderas • Spending US$7 million on within 48 months 9.57 g/t AuEq AT LA PENA STRUCTURE •
Slide 17: Holly Project Summary
Hole 27 4.57m @ 54.24 g/t Gold, 3925 g/t Silver Hole 30 10.68m @ 2.07 g/t Gold, 389 g/t Silver HOLLY PROJECT SUMMARY ➢ 30 drill holes, 5008 total meters ➢ 20 Holes targeting La Pena Structure ➢ Maiden Inferred Resource defined ➢ La Pena remains open in all directions ➢ Limited or no drilling on the
Slide 18: Holly 2022 Drilling Summary
HOLLY 2022 DRILLING SUMMARY TSX.V-RDU │ RADIUSGOLD.com 18
Slide 19: Holly Property - 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
Slide 20: Motagua Norte Prospect
Motagua Norte Prospect ➢ Prospecting discovery of ~3 km long elevated Au trend up to 692 g/t Au 320 g/t Au ➢ Licence application pending grant of environmental and drill permits ➢ Sparsely populated area ➢ Formal land access agreements in place with land owners 94 g/t Au ➢ Extensive areas of bonanza
Slide 21: Motagua Norte Prospect
Motagua Norte Prospect ➢ Orogenic vein and stockwork system in broad deep rooted Motagua Shear Zone ➢ 257 rock chip samples: 62% >0.5 g/t Au (159 samples) 35% >10 g/t Au (94 samples) 20% >30 g/t Au (59 samples) ➢ Next step: detailed trenching to define drill targets TSX.V-RDU │ RADIUSGOLD.com 21
Slide 22: Maricela - Mexico
MARICELA - MEXICO ➢ WORLD CLASS MINING DISTRICT ➢ EXCELLENT INFRASTRUCTURE ➢ NEVER EXPLORED OR DRILL TESTED ➢ DRILL PROGRAM PERMITTING IN PROGRESS RADIUS OPTION TO ACQUIRE 100% TERMS SUMMARY • Radius option to earn 100% in Maricela by paying US$1,250,000 over 36 months • $1,060,000 due at end of 36
Slide 23: 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 TSX.V-RDU │ RADIUSGOLD.com 23
Slide 24: Maricela Project Vein Maps & Channel Sampling
MARICELA PROJECT VEIN MAPS & CHANNEL SAMPLING ➢ Systematic chip channel samples across structures each ~100m ➢ Narrow higher grades (e.g. 3m @ 4.46 g/t Au & 1355 g/t Ag) and wide bulk tonnage grades (e.g. 25.3m @ 0.31 g/t Au & 62 g/t Ag) TSX.V-RDU │ RADIUSGOLD.com 24
Slide 25: Maricela Project
MARICELA PROJECT Banded Vein textures Virgin de Plata Virgin de Plata Vein Vein Stock and breccia Arco textures Vein TSX.V-RDU │ RADIUSGOLD.com 25
Slide 26: Project Generation
PROJECT GENERATION ➢ Exploration Mexico ➢ Two Field Teams ➢ Every Day – All Year ➢ Constant and Relentless TSX.V-RDU │ RADIUSGOLD.com 26
Slide 27: Radius Gold Inc Corporate Structure
RADIUS GOLD INC CORPORATE STRUCTURE EQUITIES – $1.7M CASH HOLDINGS - $1.2M *as of Jan, 2023 ±15% 87.27M 5.85M 0 93.11M Cdn $0.19 Cdn $17.69M (fully diluted) ISSUED SHARES OPTIONS WARRANTS FULLY DILUTED TRADING PRICE MARKET CAP MANAGEMENT TSX.V-RDU │ RADIUSGOLD.com 27
Slide 28: Relentless Exploration - Great Discoveries
February 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