The Radius group believes the Tierra Roja undertaking has all the fitting indicators to make a big copper discovery. “It has scale, the fitting alteration options and plentiful copper oxides in outcrop,” commented Bruce Smith, CEO of Radius Gold.
“There aren’t any folks or communities residing on or close to the location, and is an quick access, low-cost exploration goal, in one of many world’s most prolific copper producing districts,” Smith added.
To this point, roughly 600 systematic rock chip samples have been collected by the undertaking house owners and analyzed in a Peruvian mine laboratory. Radius’ administration is within the technique of verifying the validity of the historic sampling and finishing due diligence on the undertaking.
A part of the Gold Group Administration portfolio, Radius at the moment has two exploration-stage tasks in Mexico and Guatemala, each held below joint ventures. It not too long ago kicked off the primary drill program on the Plata Verde undertaking in Mexico in partnership with Fresnillo, the world’s largest silver producer.
Shares of Radius Gold jumped 83.3% by market shut Monday, for a market capitalization of C$9.3 million. At C$0.10 apiece, the inventory is buying and selling on the decrease finish of its 52-week vary of C$0.06-C$0.30.