| | Published : May 11th, 2016 | Comments on Media Reports of Temporary Suspension of Mining Operations at KCA's Tambor Mine in Guate |
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Suite 650 - 200 Burrard Street Vancouver, BC, Canada V6C 3L6 www.radiusgold.com |
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T: 604-801-5432 F: 604-662-8829 TF: 1-888-627-9378 |
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RDU:TSX.V |
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May 11, 2016
Radius Gold Comments on Media Reports of Temporary Suspension of Mining Operations at KCA's Tambor Mine in Guatemala
Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is aware of media reports in Guatemala regarding a temporary suspension of mining operations at Kappes Cassiday and Associates' (KCA) Tambor gold mine. Radius is awaiting clarification of the situation regarding Tambor and will provide further information as soon as possible.
In 2012 Radius sold its interest in Tambor to KCA for deferred cash payments and a royalty interest in the mine's gold production.
About Radius
Radius has been exploring for gold in Latin America for over a decade. The Company has a strong treasury and is looking for investment and project acquisition opportunities across the globe. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com) for more information.
ON BEHALF OF THE BOARD
Simon Ridgway President and CEO
Symbol: TSXV-RDU
Contact: Simon Ridgway 200 Burrard Street, Suite 650 Vancouver, BC V6C 3L6 Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829 Email: info@goldgroup.com Website: www.radiusgold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements which include, without limitation, statements about the Company's intention to provide further information regarding the Tambor mine when known; the Company's business strategy, plans and outlook; the merit of the Company's investments and properties; timelines; the future financial performance of the Company; expenditures; approvals and other matters. 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.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the Company's intention to provide further information regarding the Tambor mine when known; 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. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company will provide further information regarding the Tambor mine when known; that the Company's activities will be in accordance with its public statements and stated goals; that all required approvals will be obtained; that there will be no material adverse change affecting the Company or its investments or properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
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Radius Gold Inc.
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DEVELOPMENT STAGE |
CODE : RDU.V |
ISIN : CA7504681007 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Radius Gold is a gold exploration company based in Canada. Radius Gold holds various exploration projects in Guatemala, in Nicaragua and in Peru. Its main asset in development is TAMBOR in Guatemala and its main exploration properties are EL PAVON, TREBOL and LA PATRIOTA in Nicaragua, BANDERAS and HB in Guatemala, 60 MILE in Canada, TLACOLULA in Mexico and RUBI PROJECT in Peru. Radius Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.7 millions as of today (US$ 6.4 millions, € 5.8 millions). Its stock quote reached its highest recent level on November 21, 2003 at CA$ 2.03, and its lowest recent point on December 05, 2008 at CA$ 0.04. Radius Gold has 86 675 617 shares outstanding. |
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10/17/2007 | Update on Nicaragua Exploration Programs |
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8/30/2007 | President, Simon Ridgway, Interviewed by WallSt.net |
8/28/2007 | signs option to acquire the Rubi gold - silver property, Per... |
5/29/2007 | announces initial sampling results from its Trébol property,... |
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