Tierra Roja Copper Project - Peru
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Tierra Roja is located is located in a prolific copper district and is close to infrastructure. Radius Gold has entered a binding exclusivity for this project.
In September 2024, Radius Gold Inc. announced that it has a binding exclusivity with an option to acquire a compelling exploration-stage copper porphyry project located in Peru.
The Tierra Roja project is located in the Atacama Desert, southern Peru, at an elevation of 1700masl and 20km from the coast and Pan American highway. The project is accessible by road and 4x4 tracks. Tierra Roja is located at the northern end of the southern Peru coastal copper belt which hosts some of the largest copper mines in the world. Peru is the second largest copper producer globally (Figure 1).
Tierra Roja covers 600 hectares and the core of the property hosts an 800 meter diameter circular anomaly with wide-spread ferruginous soil crust developed over strong clay, sericite and silica alteration. Mineralization is hosted in a multi-phase intrusive complex. There has been no drilling or formal exploration, but where the underlying owner cut road access with a bulldozer, breaking the ferruginous soil crust has exposed widespread oxide copper mineralization covering an area of 800m x 600m. Approximately 600 systematic rock chip samples have been collected by the project owners and analyzed in a Peruvian mine laboratory (non-certified). Radius is in the process of verifying the validity of the historic sampling and completing legal and social due diligence.
The Radius team believes that this project has all the right indicators to make a significant copper discovery. This includes the scale, the right alteration features and abundant copper oxides in the outcrop. There are no people or communities living on or near the site, and is an easy access, low-cost exploration target located in a world-class copper producing district. The next steps include completing an option agreement and commencing exploration.
