News out this morning
ORIGINAL: Radius Appoints New CEO/President to Advance North American Gold and Silver Projects
2021-01-05 08:00 ET - News Release
(via TheNewswire)
Vancouver, British Columbia – TheNewswire - January 5, 2021 – Radius Gold Inc. (TSXV:RDU) (OTC:RDUFF) is pleased to announce that Bruce Smith has been appointed CEO/President and has joined the Board of Directors. Bruce has been managing Radius’s exploration programs for several years and will now oversee the Company’s corporate strategy, exploration and marketing.
Simon Ridgway, founder and major shareholder of Radius Gold, will remain actively involved as Director and Chairman of the Board. Simon comments: “Bruce was one of the early employees of Radius as a geologist back in 1998. He has had several long periods working with the Company, most recently as Exploration Manager. In that position, he has led the discovery team to several compelling gold/silver projects, including Amalia and Plata Verde in Mexico. Outside of Radius, Bruce has managed and participated in several major precious and base metal discoveries that have advanced to mines. The shareholders of the Company will benefit significantly from Bruce personally being involved in bringing his discoveries to market.”
Simon Ridgway, the previous President and CEO of Radius, will step into the key role of CEO/President of Volcanic Gold Mines Inc. Radius has formed a joint venture with Volcanic to explore and develop the portfolio of gold/silver properties owned by Radius in Guatemala. Simon has extensive knowledge of Guatemala, both geological and socio-political, having been the driving force behind several historic discoveries in Central America. The projects in Guatemala have been held by Radius for a number of years awaiting the right market and political conditions to advance the properties and that the time is now. Volcanic is well financed and has an option to earn a 60% interest in the projects with Radius carried through discovery, retaining a 40% interest.
Simon and Bruce will work closely on the development of both companies, with Bruce as technical adviser to Volcanic overseeing Radius’s interest in the Guatemala properties, and Simon as Chairman of Radius’s Board of Directors. Both have a strong belief that 2021 will be a transformative year for Radius Gold Inc.
Radius Gold Inc.
Radius has a portfolio of projects located primarily in Mexico, United States and Guatemala which it continues to advance, utilizing partnerships where appropriate in order to retain the Company's strong treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe.
ON BEHALF OF THE BOARD
Simon Ridgway,
Director & Chairman