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Radius Gold Inc V.RDU

Alternate Symbol(s):  RDUFF

Radius Gold Inc. is engaged in the acquisition and exploration of mineral properties and investment in companies, which hold mineral property interests. It has a portfolio of projects located in Mexico and Guatemala. Its projects include Plata Verde Project, Amalia Project (including the Palmillas Property), Holly Project, and Motagua Norte Project. The Plata Verde Project is located north of the Company’s Amalia Gold-Silver project and east of the Batopilas silver mining district. The Amalia Project is comprised of about 9,794 hectares (ha) located in the Sierra Madre gold belt in the State of Chihuahua, Mexico. The Holly property straddles the regional Jocotan Fault which forms part of the Motagua Suture Zone, about 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Holly project is under a joint venture agreement with Volcanic Gold Mines. The Motagua Norte project has about 86 square kilometers land position.


TSXV:RDU - Post by User

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Post by loonietuneson Jun 04, 2024 10:20am
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Post# 36071008

Excerpt from Stockwatch Gold-Today

Excerpt from Stockwatch Gold-TodayOn our news release yesterday from Rackla

Simon Ridgway's Rackla Metals Inc. (RAK) rose one-half cent to 17 cents on 205,000 shares on word it is planning a busy 2024 at its properties along the Yukon-Northwest Territories border. Expect 3,000 metres of drilling at the Hit target, where the company drilled a 130-metre interval grading 0.248 gram of gold per tonne last year in one direction and 45 metres grading 0.52 gram per tonne in the opposite direction from the same pad.

Rackla also plans a maiden drill program at the Peak target, where 1,000 metres of drilling across up to seven holes will test a geophysical target near a 1,500-metre-long soil anomaly that is up to 1,000 metres wide. Prospecting and rock sampling turned up plenty of rocks grading above one gram of gold per tonne, with one chunk assayed at 17.8 grams per tonne.

"Our team is excited to be getting back into the field following the [reduced intrusion-related gold system (RIRGS)] discoveries at Hit and Peak in 2023," enthused Mr. Ridgway, CEO. The priority for this year, he cheers, is a significant drill program at Hit that he believes will vector toward the heart of the RIRGS target, while the maiden effort at Peak will seek the high-grade gold-bearing sheeted veins identified last year. As well, Mr. Ridgway the dutiful promoter, has an eye cast toward a fallback position should the drilling falter: Rackla will also be advancing several of its other 100-per-cent-owned earlier-stage projects in the area

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