Amalia Project- Mexico

  • Amalia Project

    The Amalia Project is located 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua (Figure 1). Radius geologists discovered high grade epithermal silver-gold mineralization in several veins, vein breccias, and disseminated zones over 3.5 km of strike length and a 750 m vertical interval following the trace of a large regional fault zone. Radius initially acquired the 380 hectare core license and subsequently staked an additional regional license covering multiple target areas (Figure 2) that totals 10,250 hectares. In July 2018 Radius entered into an agreement with Pan American Silver Corp. ("Pan American") to drill and explore the project.

    The Agreement

    Pursuant to an option agreement signed in June 2018, Pan American Silver Corp. was granted the right to earn an initial 65% interest in the Amalia Project by making cash payments to Radius totalling US$1.5 million (paid) and expending US$2 million on exploration over four years (completed). Pan American may earn an additional 10% by advancing the property to preliminary feasibility. 

    Mining Property

    The 10,250 hectare property includes the Amalia, California and El Cuervo major vein systems. Within these major vein systems are multiple targets, outlined in Figure 2, all of which are included in Radius's consolidated concessions that extend for more than 10 km of strike length of the regional fault.

    Structures:

    • Amalia Vein, 3 km length with high grade Au-Ag, includes drill defined San Pedro high grade zone (Figure 4, 5, 6)

    • California Vein, 2 km length with high grade Au-Ag on surface and in drilling (Figure 7)

    • El Cuervo Vein, 1 km length with anomalous Ag-Au (Figure 8, 21, 22, 23).

    Geology and Mineralization:

    The main targets at Amalia are located along a large regional scale NW trending fault system, which separates the upper rhyolite volcanics from the lower andesite volcanics. Radius has identified outcropping mineralization over 3.5 km along this structural break. The principal target at San Pedro, outcrops as a 500 m x 70 m zone of intense epithermal multiphase silicification, and brecciation with stockwork veining occurring at the contact between the upper rhyolite and lower andesite volcanic sequence. Figure 9 showcases multiphase silicification events in drill core from San Pedro. See Figures 10 and 11 for 1 m core samples with electrum mineralization within the quartz sulphide stockwork zone. 

    Summary of Drilling

    67 drill holes totalling 23,058 m has been completed at the Amalia project. 10,588 m in 31 drillholes has been completed on the Amalia vein system, and 3,814 m in 14 drillholes completed in the California vein system and 8,656 in 22 drill holes has been completed at the El Cuervo zone. The current drill program is focused on the sub-parallel El Cuervo structure where stockwork veining and breccias up to 40 m wide have been defined semi-continuously for 1.5 km and surface rock chip samples returned up to 637 g/t Ag and 2.24 g/t Au.

    Within the greater Amalia project there are many targets remaining to drill test including: Oro Viejo, La Caverna, California SE, El Durazno and Palmillas.

    With the San Pedro zone drill defined and infill and expansion drilling planned for this year at California, Radius will be in a position to define a significant resource at the Amalia Property and is excited by the possibility of new discoveries at multiple targets that remain to be drill tested.


    Table of Intercepts – Amalia Vein System

    DRILLHOLE FROM (m) TO (m) INTERVAL (m) EST. TRUE WIDTH Ag (g/t) Au (g/t)

    AMDD18-001

    44.35

    56.35

    12.00

    9.5

    44

    0.10

    AMDD18-002

    no significant mineralized intercepts

    AMDD18-003

    107.44

    137.44

    30.00

    24

    65

    0.30

    AMDD18-004

    no significant mineralized intercepts

    AMDD18-005

    no significant mineralized intercepts

    AMDD18-006

    no significant mineralized intercepts

    AMDD18-007

    129.10

    133.10

    4.00

    3

    229

    0.29

    AMDD18-008

    98.65

    99.65

    1.00

    0.8

    521

    2.28

    And

    126.65

    131.65

    5.00

    4

    571

    1.14

    AMDD18-009

    140.35

    174.35

    34.00

    29.44

    406

    6.13

    Including

    144.35

    170.35

    26.00

    22

    517

    7.80

    Including

    165.35

    170.35

    5.00

    4

    1378

    14.71

    AMDD19-010

    210.70

    254.70

    44.00

    34

    309

    12.39

    AMDD19-011

    170.50

    176.50

    6.00

    4

    24

    1.05

    Including

    173.50

    175.00

    1.50

    1.06

    31

    2.52

    AMDD19-012

    176.90

    181.90

    5.00

    4

    647

    0.09

    AMDD19-013

    no significant mineralized intercepts

    AMDD19-014

    235.70

    263.70

    28.00

    24

    126

    2.30

    Including

    256.70

    259.70

    3.00

    2.6

    761

    9.85

    AMDD19-015

    213.70

    317.70

    104.00

    74.8

    55

    3.10

    Including

    216.70

    297.70

    81.00

    65

    61

    3.75

    Including

    234.70

    255.70

    21.00

    17

    65

    7.91

    AMDD19-016

    251.20

    371.20

    120.00

    78

    21

    1.53

    Including

    252.45

    318.25

    65.80

    43

    23

    2.36

    Including

    293.20

    316.40

    23.20

    15

    41

    4.61

    AMDD19-017

    316.55

    322.10

    5.55

    4.19

    -

    0.88

    AMDD19-018

    268.15

    269.45

    1.30

    0.75

    2320

    12.50

    And

    332.45

    346.10

    13.65

    7.83

    22

    1.39

    AMDD19-019

    336.70

    344.10

    7.40

    6.34

    22

    0.49

    AMDD20-020

    no significant mineralized intercepts

    AMDD20-021

    no significant mineralized intercepts

    AMDD20-022

    313.05

    336.15

    23.10

    14.50

    321

    6.80

    Including

    319.40

    325.65

    6.25

    4.18

    813

    18.34

    AMDD21-023

    520.85

    530.40

    9.55

    6.50

    151

    0.59

    AMDD21-024

    no significant mineralized intercepts

    AMDD21-025

    150.85

    151.70

    0.85

    0.60

    475

    1.48

    And

    170.85

    178.45

    7.60

    5.00

    70

    1.73

    And

    239.75

    249.40

    9.65

    7.28

    57

    0.36

    And

    274.25

    277.85

    3.60

    2.72

    55

    0.32

    And

    285.85

    293.90

    8.05

    5.50

    99

    0.93

    AMDD21-026

    165.50

    166.65

    1.15

    0.80

    151

    3.32

    And

    239.75

    243.40

    3.65

    2.37

    70

    1.81

    And

    283.40

    284.45

    1.05

    0.70

    53

    4.59

    And

    320.70

    323.70

    3.00

    2.00

    8

    3.17

    And

    347.00

    347.95

    0.95

    0.62

    65

    0.57

    And

    352.90

    353.40

    0.50

    0.33

    115

    0.25

    AMDD21-027

    no significant mineralized intercepts

    AMDD21-028

    no significant mineralized intercepts

    AMDD21-029

    no significant mineralized intercepts

    AMDD21-030

    no significant mineralized intercepts

    AMDD21-031

    133.75

    147.00

    13.25

    13.25

    117

    0.90

    The most recent program targeted the California vein system defining wide Au-Ag mineralization across 1 km of strike length. The initial shallow drilling has intersected multiphase breccias and stockwork veins with significant widths up to 50 m and high grades with individual samples up to 4210 g/t Ag and 33.1 g/t Au. See Figure 12 for a drill core photo of Ag-Au mineralization from the California vein. See Figures 15 to 20 for cross sections of the drilling at California vein system with results.

     


    Table of Intercepts – California Vein System

    DRILLHOLE FROM (m) TO (m) INTERVAL (m) EST. TRUE WIDTH Ag (g/t) Au (g/t)

    AMDD21-032

    38.10

    44.30

    6.20

    5.62

    93

    0.43

    And

    62.70

    90.00

    27.30

    24.74

    90

    0.26

    Including

    78.00

    80.35

    2.35

    2.13

    220

    0.61

    Including

    86.00

    88.60

    2.60

    2.36

    263

    1.37

    AMDD21-033

    148.60

    199.00

    50.40

    23.66

    50

    0.05

    Including

    178.80

    194.25

    15.45

    7.25

    68

    0.07

    Including

    188.20

    192.40

    4.20

    1.97

    113

    0.12

    AMDD21-034

    145.70

    149.65

    3.95

    3.58

    487

    2.15

    Including

    146.80

    149.65

    2.85

    2.58

    658

    2.96

    Including

    148.00

    148.50

    0.50

    0.45

    2810

    15.15

    AMDD21-035

    212.65

    229.80

    17.15

    10.32

    35

    0.07

    And

    243.10

    243.50

    0.40

    0.24

    482

    3.36

    AMDD21-036

    108.60

    110.35

    1.75

    1.59

    578

    0.27

    Including

    109.90

    110.35

    0.45

    0.41

    1930

    0.71

    AMDD21-037

    177.95

    180.40

    2.45

    1.30

    37

    0.18

    Including

    177.95

    178.55

    0.60

    0.32

    54

    0.53

    AMDD21-038

    151.00

    162.20

    11.20

    9.06

    379

    1.26

    Including

    156.20

    157.00

    0.80

    0.65

    4244

    16.96

    Including

    156.20

    156.55

    0.35

    0.28

    4210

    33.10

    AMDD21-039

    308.20

    335.10

    26.90

    20.30

    353

    2.59

    Including

    308.20

    331.90

    23.70

    17.89

    394

    2.93

    Including

    314.45

    321.95

    7.50

    5.66

    976

    7.38

    Including

    317.85

    321.95

    4.10

    3.09

    1520

    12.61

    AMDD21-040

    385.35

    396.50

    11.15

    6.55

    99

    0.64

    Including

    385.35

    393.55

    8.20

    4.82

    120

    0.78

    Including

    388.45

    391.10

    2.65

    1.56

    210

    1.12

    Including

    389.60

    391.10

    1.50

    0.88

    249

    1.28

    AMDD21-041

    144.00

    145.25

    1.25

    1.13

    36

    0.03

    AMDD21-042

    216.95

    218.50

    1.55

    0.89

    24

    0.003

    AMDD21-043

    102.25

    115.00

    12.75

    9.48

    259

    0.54

    Including

    108.05

    114.05

    6.00

    4.46

    483

    1.06

    Including

    108.05

    111.25

    3.20

    2.38

    705

    1.92

    AMDD21-044

    273.00

    312.65

    39.65

    29.47

    204

    0.35

    Including

    283.00

    312.65

    29.65

    22.03

    256

    0.44

    Including

    287.50

    306.55

    19.05

    14.16

    346

    0.63

    Including

    301.00

    306.55

    5.55

    4.12

    770

    1.69

    Including

    304.00

    305.65

    1.65

    1.23

    1446

    5.11

    Including

    305.00

    305.65

    0.65

    0.48

    2470

    11.90

    AMDD21-045

    333.75

    421.00

    87.25

    50.04

    60

    0.05

    Including

    339.50

    350.45

    10.95

    6.28

    104

    0.09

    Including

    359.50

    362.60

    3.10

    1.78

    165

    0.08

    Including

    413.90

    417.20

    3.30

    1.89

    187

    0.29

     

    At El Cuervo, all drill holes have been collared from 2 platforms with the holes fanned out testing approximately 350 m of strike extent and 300 m depth. The El Cuervo structure remains open to expansion along strike and to depth. Assay results for holes AMDD22-055 to AMDD22-060 are still pending. The full table of results as well as plan maps showing the El Cuervo drilling to date are presented below. 

    Table of Intercepts – El Cuervo Vein System 

    DRILLHOLE FROM (m) TO (m) INTERVAL (m) EST. TRUE WIDTH Ag (g/t) Au (g/t)
    AMDD21-046 214.35 214.80 0.45 0.43 214 0.52
    And 225.55 228.35 2.80 2.70 122 0.13
    And 239.25 270.20 30.95 29.90 44 0.13
    Including 239.25 242.95 3.70 3.57 158 0.49
    Including 239.25 240.95 1.70 1.64 233 0.31
    And 292.00 295.50 3.50 3.38 203 0.53
    Including 294.40 295.50 1.10 1.06 381 1.31
    AMDD21-047 245.10 341.10 96.00 83.14 167 0.54
    Including 279.90 341.10 61.20 53.00 232 0.65
    Including 279.90 325.10 45.20 39.14 290 0.80
    Including 290.40 297.75 7.35 6.37 592 0.69
    Including 300.00 317.35 17.35 15.03 302 1.13
    Including 309.50 317.35 7.85 6.80 438 1.12
    AMDD21-048 214.85 216.45 1.60 1.55 116 1.39
    And 222.15 223.50 1.35 1.30 302 0.56
    And 227.00 233.30 6.30 6.09 77 0.61
    Including 229.60 231.80 2.20 2.13 125 0.68
    And 265.60 303.45 37.85 36.56 54 0.34
    Including 286.90 297.40 10.50 10.14 84 0.75
    Including 294.75 296.40 1.65 1.59 139 4.02
    AMDD22-049 304.90 306.35 1.45 1.24 62 0.81
    And 340.85 351.65 10.80 9.26 63 0.80
    And 358.40 376.20 17.80 15.26 144 0.92
    Including 365.55 376.20 10.65 9.13 190 1.01
    Including 365.55 366.55 1.00 0.86 469 0.97
    Including 375.00 376.20 1.20 1.03 483 3.94
    AMDD22-050 336.75 337.55 0.80 0.61 107 2.60
    And 347.10 349.00 1.90 1.46 53 0.27
    And 394.90 409.50 14.60 11.18 117 0.92
    Including 394.90 395.80 0.90 0.69 1185 6.93
    Including 406.45 409.50 3.05 2.34 104 1.32
    AMD22-051 348.50 349.55 1.05 0.83 125 2.10
    And 398.65 416.00 17.35 13.67 253 1.11
    Including 398.65 399.25 0.60 0.47 1510 2.52
    Including 408.40 416.00 7.60 5.99 414 2.10
    Including 410.50 413.15 2.65 2.09 555 4.94
    Including 412.00 413.15 1.15 0.91 637 10.70
    AMDD22-052 278.20 290.00 11.80 10.61 450 1.31
    Including 281.35 288.00 6.65 5.98 695 1.44
    Including 285.90 288.00 2.10 1.89 1577 2.27
    Including 285.90 287.30 1.40 1.26 1800 0.50
    And 308.70 310.00 1.30 1.17 37 1.22
    And 327.10 328.35 1.25 1.12 55 0.68
    And 332.85 336.00 3.15 2.83 84 0.87
    Including 334.50 336.00 1.50 1.35 91 1.48
    AMDD22-053 Adbandoned
    AMDD22-054 No Significant Intercepts
    AMDD22-055 320.15 325.90 5.75 5.17 101 0.73
    Including 320.15 320.80 0.65 0.58 508 3.23
    AMDD22-056 298.80 302.05 3.25 2.97 3 2.55
    Including 298.80 300.25 1.45 1.32 3 4.19
    AMDD22-057 287.95 289.50 1.55 1.31 58 1.20
    And 358.30 359.35 1.05 0.89 95 0.84
    AMDD22-058 323.00 326.00 3.00 2.26 3 1.34
    Including 323.00 324.00 1.00 0.75 7 2.64
    And 384.25 385.50 1.25 0.94 4 1.26
    And 391.50 393.00 1.50 1.13 3 1.26
    And 396.50 398.70 2.20 1.66 42 0.90
    AMDD22-059 154.20 155.70 1.50 1.36 115 0.30
    And 166.70 168.30 1.60 1.45 102 0.26
    And 193.80 195.60 1.80 1.63 102 0.48
    AMDD22-060 211.10 213.80 2.70 1.74 61 0.57
    Including 211.10 212.50 1.40 0.90 80 0.91
    And 230.00 231.00 1.00 0.64 90 0.90
    And 256.85 263.60 6.75 4.34 29 0.31
    Including 259.40 260.35 0.95 0.61 57 1.36
    AMDD22-061 304.95 309.30 4.35 3.77 401 0.79
    Including 306.30 308.10 1.80 1.56 866 1.61
    Including 306.30 306.90 0.60 0.52 1090 4.76
    AMDD22-062 348.00 350.20 2.20 1.61 52 0.43
    And 354.10 360.00 5.90 4.31 44 0.46
    Including 354.10 354.60 0.50 0.37 244 3.03
    And 369.30 371.05 1.75 1.28 24 1.41
    And 384.95 386.85 1.90 1.39 69 0.90
    Including 385.90 386.85 0.95 0.69 98 1.23
    And 394.70 395.65 0.95 0.69 14 1.46
    And 400.90 401.45 0.55 0.40 38 23.00
    AMDD22-063 369.15 373.10 3.95 2.69 78 0.91
    Including 370.75 373.10 2.35 1.60 107 1.36
    Including 370.75 371.85 1.10 0.75 126 2.28
    And 380.00 385.20 5.20 3.55 100 0.48
    Including 382.55 383.95 1.40 0.95 250 0.96
    Including 383.45 383.95 0.50 0.34 491 1.34
    And 402.40 408.30 5.90 4.02 197 1.03
    Including 405.55 408.30 2.75 1.88 310 1.30
    Including 407.55 408.30 0.75 0.51 585 2.05
    AMDD22-064 413.35 414.20 0.85 0.52 29 0.71
    And 418.10 433.85 15.75 9.70 27 0.17
    Including 418.10 419.60 1.50 0.92 53 0.67
    And 468.55 470.00 1.45 0.89 81 0.40
      286.40 303.40 17.00 15.15 438 0.80
      293.10 298.15 5.05 4.50 1330 2.02
      294.00 296.00 2.00 1.78 3182 4.49
      294.00 295.25 1.25 1.11 4830 4.94
      331.30 338.00 6.70 5.97 76 3.15
      331.30 332.10 0.80 0.71 436 4.87
      335.70 338.00 2.30 2.05 35 7.40
      336.95 338.00 1.05 0.94 33 12.75
      319.40 332.95 13.55 10.82 841 10.25
      322.60 332.95 10.35 8.27 1091 13.20
      327.30 332.95 5.65 4.51 1560 19.16
      327.30 329.35 2.05 1.64 2646 29.06
      327.30 328.30 1.00 0.80 2830 32.70
      375.20 376.55 1.35 0.95 11 2.87
      387.35 405.90 18.55 13.12 27 0.34
      398.40 402.70 4.30 3.04 68 0.21
      398.40 400.00 1.60 1.13 103 0.22

     

    Exploration Targets

    Palmillas Target

    The Palmillas target is a small historic working 1.5 km along the Amalia Fault from the San Pedro zone. At Palmillas, Radius took a 4 m section that assayed 9.5 g/t Au and 73 g/t Ag, and a 10.5 m section that assayed 1.54 g/t Au and 58 g/t Ag. Mineralization is hosted within fault-controlled quartz vein breccias similar in style to San Pedro (Figure 14).

    Within the 10,250 hectare Amalia Property are multiple prospects including Palmillas, Dulces, Guadalupe and Durazno, which have been prospected and are developing as future drilling targets.

    Oro Viejo, La Caverna, California SE, El Pando

    Untested vein breccia targets along the California vein system, with gold grades from below detection to 27 g/t

    Quality Assurance and Quality Control

    Pan American Silver has been the operator on Amalia since Q3 of 2019; all their surface samples and drill core have been analyzed at an ISO/IEC accredited ALS Geochemistry laboratory.

    Previous rock samples are acquired by Radius Gold's geologists and trained sampling teams under the supervision of the geologists. Majority of the rock samples consist of chip channels ranging from 0.5 to 3m. These samples are forwarded to an ALS Geochemistry laboratory for analysis of Au, Ag and other elements using ALS codes Au-ICP21 and ME-ICP61. Au-ICP21 is a fire assay method with an ICP-AES finish for Au. ME-ICP61 is a 34 multi-element (includes Ag) analysis that uses a four acid-digestion with an ICP-AES finish. For over-limits of Au or Ag, analysis using a fire assay method with gravimetric finish is automatically conducted. Quality control samples (blankets, standards etc.) are included with the field samples at regular intervals. The QA samples' results are monitored to ensure the returned results are within the acceptable range.

  • Amalia

    San Pedro

    California

    El Cuervo

  • AMDD18-009

    AMDD19-010

    AMDD19-014

    AMDD19-015

  • January 26, 2022

    High Grade Gold & Silver Amalia Project- Drilling Now! | Jan 2022 Update

    February 23, 2021

    Bruce Smith Reviews the Amalia Project