is pleased to report that Amalia property joint venture partner, Pan American Silver, has paid a $400,000 USD scheduled property payment to Radius and plans further drilling at the project.
El Cuervo has silicification, stockwork veining and brecciation up to 7m wide that has been defined semi-continuously for 1.5km, with rock chip samples that range from below detection to 637 g/t Ag and 2.24 g/t Au.
has the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totalling US$1.5 million and expending US$2 million on exploration over four years.
Drill core is cut in half using a rock saw with one-half of the core then taken as a sample for analysis.
, a member of the Australian Institute of Geoscientists, is Radius’s Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Radius has a portfolio of projects located in Mexico, United States and Guatemala which it continues to advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury.
Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Such uncertainties and factors include, among others, whether the planned exploration work at Amalia will proceed as intended; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and the planned exploration and development activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein.
Hawkmoon Resources is a Canadian gold exploration company focused on identifying, acquiring, and developing undervalued projects in the province of Quebec, a tier-one mining district.