Radius Gold Starts Drilling in Nicaragua

Drilling has begun on the Company's Trebol property (42,193 hectares) located in northeastern Nicaragua, where epithermal gold mineralization is associated with a series of intensively silicified ridges.

Thursday, May 8, 2008

The preliminary drill program is being designed to test the sub-surface continuity of the gold grades observed in selected trenches and to give geological and structural information on the geometry and controls on mineralization which will be used to further explore the property.

More on this topic

Nicaragua: Efforts to Maximize Gold Production

January 2016

In 2016 mining companies are proposing to increase productivity in order to offset the dip seen in the international price of the metal.

Achieving "more with less" is the premise of companies operating gold mining concessions in the country, who project that the international price of gold will remain at the same levels it has been since 2011.

Gold Production Up 10% in Nicaragua

December 2013

Nicaraguan mining companies forecast more growth for 2014 in line with the investments made by the sector.

According to statistics from the Center for Exports (CETREX) up to November this year sales of raw gold rose by 10.4% going from 12,001 kg in 2012 to 13,251 in 2013. An increase in value of 2.9 % with revenues of $395.1 million was recorded, while in the same period of 2012 it was $389.9 million .

B2Gold purchases 100% of two Nicaraguan operations

April 2012

The Canadian mining company buys 40% of shares from joint venture partner Radius Inc. for $20,08 million, and takes total control of Trebol and El Pavon gold mining sites in Nicaragua.

B2Gold Corp. and Radius Gold Inc. announced on April 9 the signing of a binding letter agreement pursuant to which B2Gold has agreed, among other things, to acquire a 100% interest in the Trebol and El Pavon gold properties in Nicaragua in consideration of C$20 million, payable in common shares of B2Gold at a price per share equal to the volume weighted average price of B2Gold’s common shares on the Toronto Stock Exchange (“TSX”) for the ten trading days immediately preceding the date of the letter agreement.

$4.5 Million for Guatemalan Mine

May 2010

Radius Gold will invest $4.5 million in gold extraction at its Holly-Banderas mine, in southeast Guatemala.

The company operates two gold mines in Guatemala and one in Nicaragua. It has secured the $4.5 million financing through a non brokered private placement.

Simon Ridgway, the President of Radius said: "We hold a very large land position in a very prospective belt of rocks.

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