Metals Update 16/07/2021

Radius JV drills 14m of 3.9g/t Au, 1,097g/t Ag at Holly

Radius Gold Inc. has released further high-grade results from the drill program being conducted by joint venture partner, Volcanic Gold Mines Inc., at the Holly project in Guatemala.

Hole HDD-21-004 at La Pena vein intersected 14.8 metres at 3.96 grams per tonne gold and 1,097 g/t silver. This is the deepest intercept on the La Pena vein system to date with silver grades increasing with each step down.

Additionally, below the La Pena vein drill hole 4 cut a zone of disseminated silver mineralization grading 378 g/t Ag over 9.15 m within the footwall of the vein (not included in the reported intercepts). This silver mineralization was finely disseminated in altered volcanic rocks without significant veining. The overall silver interval with La Pena vein and footwall disseminated silver mineralization returned 34.6 m at 574 g/t Ag. The hole stopped a few metres after the disseminated silver interval, with the final metres not assayed.

This new style of silver-only disseminated mineralization was not previously recognized on the property. Holly has a multiphase mineralizing system with silver/gold ratios from 1:1 to 1,000:1, indicating multiple mineralizing pulses. As well, new veins are being intersected in the drilling unmapped at surface, with some exhibiting visible gold and ginguro-banded sulphides in the core.

Assays received from holes HDD-21-005/006/007/008, which targeted the El Pino vein system, cut weaker mineralization. However, the El Pino vein zone is exposed over 100 m higher than La Pena, so it may warrant more work.

The next assays due to be received and reported are from holes HDD-21-009 through HDD-21-012, which tested the Alpha vein zone over a 450 m strike system. Drilling appears to have intersected a robust vein and breccia with good visible banded sulphides. Currently the drill rig is back on the La Pena vein stepping out on strike and downdip.

Mission Ready gets OK for updated blue-sky exemptions

Mergent’s editorial board has received and approved Mission Ready Solutions Inc.’s submission to supplement its current blue-sky exemptions through an updated listing in Mergent manuals and news reports. Mission Ready’s profile will include descriptive text, data, news and financial statements accessible through Mergent’s on-line and print platforms and will enable Mission Ready to increase its current blue-sky status in the United States, adding key jurisdictions such as Florida to its list of blue-sky compliance.

“By enhancing its blue-sky status, Mission Ready continues to increase its accessibility to U.S. retail and institutional investors. With its recent uplisting to OTCQX and the announcement of our DTC [Depository Trust Company] eligibility, the company’s listing in Mergent’s manuals represents another achievement and continued efforts in building value for its shareholders,” said Terry Nixon, chief compliance officer of Mission Ready.

Sokoman Minerals agreement for G2B property

The TSX Venture Exchange has accepted for filing an option agreement dated June 15, 2021, between Sokoman Minerals Corp. and G2B Gold Inc. (the vendor), whereby the company may acquire a 100-per-cent interest in the G2B property, located in the Grey River area of Newfoundland. Consideration is $30,000 and 150,000 common shares, payable over two years. The vendor retains a 1.5-per-cent net smelter return (NSR) royalty, with the company retaining the right to repurchase 1 per cent for $1-million.