Radius Gold (TSXV:RDU) has announced the initial results of its ongoing exploration program at the Plata Verde silver project in Chihuahua, Mexico. The company is working in partnership with Minera San Julian, S.A. de C.V., a subsidiary of Fresnillo plc, one of the world’s largest producers of silver. The project is focused on identifying bulk minable, underground silver resources in the historic Plata Verde mines.

Bruce Smith, CEO/President of Radius Gold commented in a press release: “We are excited to continue drilling at Plata Verde, particularly with the results from PV-09.  The decision to extend the drill program reflects our commitment to fully explore and unlock the potential of this project.”

The first batch of assay results from the drill program at Plata Verde has been received, providing critical data on the potential of the site. The initial drilling phase included four holes, labeled PV-01 to PV-04, totaling approximately 900 meters. These were drilled on the eastern side of the valley, where multiple zones of low-grade silver mineralization were encountered. However, these results suggested limited potential for an economically viable discovery in this area of the eastern silver mantos.

The exploration team also drilled several holes on the western side of the valley, where the results have been more promising. Drill holes PV-05 through PV-08 revealed a greater thickness of the basaltic host rock, coupled with improved visual signs of mineralization. These developments have generated optimism among the exploration team, although the assay results for these holes are still pending.

The most recent hole, PV-09, was drilled further northwest and intersected a wider section of the basaltic host rock. This hole revealed the most visually attractive mineralization seen in the drilling program to date. Given these encouraging findings, Radius Gold and its joint venture partner, Minera San Julian, have decided to extend the drilling program. Three additional drill holes will be added to test the further extension of the promising target zone in the western area of the valley.

Radius Gold Inc. has a portfolio of exploration projects in Mexico and Guatemala, managed through strategic partnerships that allow the company to conserve its treasury. The company is actively seeking new investment and project acquisition opportunities globally. Radius is a member of the Gold Group of companies, led by Simon Ridgway. More information on Radius Gold can be found on their website or through SEDAR Plus.

The ongoing exploration at Plata Verde represents a key part of Radius Gold’s strategy to discover and develop significant silver resources in partnership with industry leaders like Fresnillo. As the drill program progresses, the company anticipates further updates on assay results and the potential for a major silver discovery at this historic site.