Drill Permits Granted and IP Survey Identifies Key Targets at Radius Gold's Tierra Roja Copper Project
(TheNewswire)
Vancouver, Canada – TheNewswire– July 7 th , 2025 - Radius Gold Inc. (TSXV: RDU)("Radius" or the "Company") is pleased to announcethat it has received permits for drilling at its 100%-owned TierraRoja copper project. In parallel, results from the recently completedinduced polarization (IP) and resistivity geophysical surveys havedefined a large coherent zone of high resistive and high chargeablematerial at depth below the copper mineralization defined by surfacemapping and sampling. The combination of significant surface copperoxide copper mineralization, hosted in highly altered (silica,sericite) intrusive and volcanics, with a large resistive andchargeable geophysics response at depth define compelling drilltargets.
Bruce Smith, President and CEO of Radius Gold,commented:
"With drill permits in hand andcompelling geophysical targets now defined, Radius looks forward tocommencing the first-ever drill program at Tierra Roja. The IP resultsalign well with our surface mapping and sampling, and we believeTierra Roja has the potential to host a significant copper discoveryand look forward to the start of drilling."
The Phase 1 drill program is expected to commence Q3and will test geophysical targets, located directly below outcroppingalteration and copper oxide mineralisation. See figures 1 to 4.
About the IP/ResistivitySurvey
The IP/Resistivity consisted of 3 NS orientated lines,total 4.8km surveyed covering the core 800m diameter system. Initialinterpretation indicates a broad and coincident resistivity andchargeable anomaly dipping south to depth from the main out croppingcopper oxide mineralised zones. The geophysical chargeable andresistive anomaly is consistent line to line across 500m of testedstrike extension.
Figure1: IP/Resistivity plan viewat 1500masl (approximately 250m below surface) with 2D IP andResistivity cross-sections of central line 632200E. Note almostco-incident chargeable and resistive anomalies. Chargeable anomaly isapproximately 3X greater than background and is consistent line toline across 500m. Proposed drill hole depicted.
Figure2: IP 3D Inversion on centralline 632200E showing chargeable anomaly 3 times background levels,below copper mineralisation at surface. Proposed drill holedepicted.
Figure3: 3D Chargeability viewlooking east at Tierra Roja with transparent topography and rock chipgeochemistry, showing relative position of three lines and consistencyof chargeable anomaly across 500m.
Geological Interpretation
Radius has now completed detailed geological mapping atTierra Roja, along with geochemistry and both magnetic andIP/Resistivity surveys. Several zones of structurally controlled EWoriented zones intense silica, sericite dominant alteration between 50to 150m wide are associated with copper mineralisation. Higher grade(+2% Cu) are often completely brecciated and replaced by silica. Thelarger zones of intense alteration are surrounded by wide zones ofmoderate to weak alteration and then relatively fresh rock. The outermargins of the system have chlorite epidote alteration. Mineralizationoccurs as copper oxides, dominantly malachite, chrysocolla, andatacamite hosted within structures and broadly disseminated. The hostrocks regionally are andesitic volcanics estimated Jurassic age. Thecore of the target is comprised of a multi-phase intrusive complexdominantly of dacite composition, but also andesite andquartz-feldspar porphyry, estimated Cretaceous age. There iswidespread faulting, brecciation and replacement of large areas (50 to150m wide) by silica sericite alteration.
The origins of the intense alteration and copper oxidemineralization observed at surface are uncertain. Drilling isrequired. There has been some debate amongst our experienced Peruvianteam and several visitors to the project as to whether the observedcharacteristics are related to porphyry copper or IOCG mineralisation.Tierra Roja lies 120km south of the large IOCG deposits Mina Justa,Marcona, Pampa de Pongo and further north Mina Raul Contestable. 200kmsouth of Tierra Roja occur very large porphyry copper deposits in LaTapada, Tia Maria, Cerro Verde, Chapi etc.
Tierra Roja has a significant scale alteration system,abundant copper oxide mineralisation occurring over a large area, astrong co-incident IP - chargeable and resistivity anomaly extendingto depth below the outcropping alteration and mineralization and hasnever been drill tested. The Radius team looks forward to drillingthis compelling target.
Figure3 Tierra Roja detailedalteration mapping with copper grades over 1% depicted.
Drill Permits
Radius local subsidiary in Peru has been granted FTA (Ficha Técnica Ambiental) authorizations thatapproves drilling and the construction of 20 drill pads and accessroads. From each platform several drillholes can be completed. The FTAalso covers land access and in the case of Tierra Roja, the land is federally owned with no registered occupants andaccess approved. There is no drilling water available on-site andwater will need to be purchased and trucked in from an approved miningsupply of which there are several available sources within thedistrict. The alternative for drilling without water is RC (reversecirculation). Radius is currently negotiating drill contracts withpotential suppliers.
Qualified Person
Bruce Smith, M.Sc. (Geology), a member of theAustralian Institute of Geoscientists, is Radius’ Qualified Personas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects. Mr. Smith has 30 years of mineral explorationexperience and has prepared and approved the technical informationcontained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located in Mexico,Guatemala and Peru which it continues to advance, utilizingpartnerships where appropriate to retain the Company’s treasury. At the same time, management is seeking out additional investmentand project acquisition opportunities across the globe. Radius is amember of the Gold Group of companies, led by Simon Ridgway. You mayfind more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca .
ON BEHALF OF THE BOARD
Bruce Smith
President and CEO
Symbol: TSXV-RDU
Contact: Bruce Smith
1111 Melville Street, Suite 1000
Vancouver, BC V6E 3V6, Canada
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax:604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) acceptsresponsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constituteforward-looking statements within the meaning of Canadian securitieslegislation. All statements included herein, other than statements ofhistorical fact, are forward- looking statements and include, withoutlimitation, statements about the results of explorationwork and future plans at the Company’s projects . Often, butnot always, these forward looking statements can be identified by theuse of words such as “estimate”, “estimates”, “estimated”,“potential”, “open”, “future”, “assumed”,“projected”, “used”, “detailed”, “has been”,“gain”, “upgraded”, “offset”, “limited”,“contained”, “reflecting”, “containing”, “remaining”,“to be”, “periodically”, or statements that events,“could” or “should” occur or be achieved and similarexpressions, including negative variations.
Forward-looking statements involve known and unknown risks,uncertainties and other factors which may cause the actual results,performance or achievements of the Company to be materially differentfrom any results, performance or achievements expressed or implied byforward-looking statements. Such uncertainties and factors include,among others, whether the planned exploration work at the Company’sprojects will proceed as intended; changes in general economicconditions and financial markets; the Company or any joint venturepartner not having the financial ability to meet its exploration anddevelopment goals; risks associated with the results of explorationand development activities, estimation of mineral resources and thegeology, grade and continuity of mineral deposits; unanticipated costsand expenses; and such other risks detailed from time to time in theCompany’s quarterly and annual filings with securities regulatorsand available under the Company’s profile on SEDAR+at www.sedarplus.ca. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on theassumptions, beliefs, expectations and opinions of management,including but not limited to: that the Company’s stated goals andthe planned exploration and development activities at its propertieswill be achieved; that there will be no material adverse changeaffecting the Company or its properties; and such other assumptions asset out herein. Forward-looking statements are made as of the datehereof and the Company disclaims any obligation to update anyforward-looking statements, whether as a result of new information,future events or results or otherwise, except as required by law.There can be no assurance that forward-looking statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,investors should not place undue reliance on forward-lookingstatements.
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