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Radius Gold Reports Surface Sampling Results at the Jonco Silver Project, Including Anomalous Gallium Values
Thenewswire· 2026-03-30 11:00
Core Viewpoint - Radius Gold Inc. is advancing its Jonco Silver Project in Peru, reporting significant anomalous gallium values associated with silver mineralization and making progress in community engagement for formal access agreements [1][10]. Exploration Results - Initial field visit and reconnaissance sampling returned notable results, including silver values of 13.24 g/t Ag and gallium values of 23.96 ppm Ga, among others [2][3]. - These samples are the first to report significant gallium values from the property, suggesting gallium may be an important component of the polymetallic system at Jonco [3]. Project Context - The Jonco Silver Project is located in the Miocene volcanic belt of northern Peru, with historical drilling indicating polymetallic mineralization from surface to significant depths [4]. - Historical drilling includes 11 diamond drill holes totaling approximately 3,195 meters, although not all methods and data have been independently verified [4]. Current Technical Work - The company is relogging historical drill holes and conducting selective core re-sampling using modern analytical methods to improve understanding of the mineralization [5][6]. - A systematic geological mapping and surface sampling program is being implemented to integrate various geological factors across the project area [6]. Community Engagement - Radius has engaged with local communities to present the exploration program and address environmental and employment concerns [9]. - The General Assembly of the community approved negotiations for a surface access agreement, marking a significant milestone for the project [10]. Permitting and Future Steps - Before drilling can commence, the company must finalize community access agreements, obtain environmental permits, and receive authorization from the Ministry of Energy and Mines [11]. - The company is advancing these workstreams alongside its technical program [11]. Management Commentary - The Vice President of Exploration highlighted that recent sampling and relogging efforts are enhancing the understanding of the Jonco system and supporting community relations for permitting [15].