20:59:19 EDT Sat 11 May 2024
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or Name
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Radius Gold Inc
Symbol RDU
Shares Issued 87,268,550
Close 2023-05-02 C$ 0.175
Market Cap C$ 15,271,996
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Radius Gold files legal demand for Amalia 4 title

2023-05-03 09:58 ET - News Release

Mr. Bruce Smith reports

RADIUS GOLD PROVIDES UPDATE ON AMALIA 4 CONCESSION APPLICATION

Radius Gold Inc. has provided an update on the application process for the Amalia 4 mining concession and has filed a legal demand with a federal Mexican court to obtain title to the Amalia 4 concession.

The company's Amalia project consists of 1,137 hectares of core granted licences and an 8,590-hectare Amalia 4 claim application. Radius and project joint venture partner Pan American Silver Corp. have completed all the requirements, fee payments and surveys for the Amalia 4 application. The mining authority of Chihuahua has processed and approved the submission without fault and passed the licence to the Mexico Mining Directorate proposing title issuance. The regulated time for the mining authority to comment and request revision has passed and granting of title is a legal requirement under the mining law. Radius has filed a legal demand to enforce the granting of title. Radius legal counsel believes the company has clear legal right to the application and title. Legal counsel has been successful in obtaining granted concessions in similar situations recently.

Technical information

Bruce Smith, MSc (geology), a member of the Australian Institute of Geoscientists, is Radius's qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Smith has approved the technical information contained in this news release.

About Radius Gold Inc.

Radius has a portfolio of projects located in Mexico and Guatemala which it continues to advance, utilizing partnerships where appropriate in order to retain the company's treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe. Radius is a member of the Gold Group of Companies, led by Simon Ridgway.

We seek Safe Harbor.

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