Radius Gold Inc. announced the commencement of drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas, Mexico. In the past few months, the Company has defined targets and completed all preparations to commence drilling on this compelling epithermal gold-silver system. Highlights.

Tropico is a gold mineralized "hot spring type" sinter and breccia pipe system. Radius plans a 2000m drill program. Targeting a Fresnillo-style high grade precious metal mineralized system at depth below an outcropping sinter and breccia Pipe.

Also targeting bulk minable, near surface gold mineralization hosted within the outcropping 450m x 200m breccia pipe. Tropico target has never been explored or drill-tested by another operator. The Tropico target is defined by surface mapping and geochemical sampling outlining a sinter and silicified breccia pipe with a strong gold mercury arsenic antimony geochemical signature.

The Tropico gold system is roughly oval shaped, 450m long by 250m wide orientated NNE. A CSAMT survey defined a coherent resistive feature that precisely matched the surface geology, defining a robust pipe shaped target that starts at surface directly below the outcropping silicification and extends to 800m depth at the maximum extent of the survey. The resistive target is approximately 10 times more resistant than adjacent host rocks.

The Tropico target is located 30 km northwest of Fresnillo city, Zacatecas, Mexico. The Fresnillo mining district is one of the world's most productive epithermal systems and hosts the world's oldest continuously operating mines producing silver, gold, copper, lead, and zinc for approximately five centuries, since 1554. The district hosts over 150 veins, mantos and chimney deposits including +30 large scale ore producers and it continues to deliver more recent discoveries that include the multi-million ounce silver and gold producer, Juanicipio Project, a joint venture between MAG Silver and Fresnillo Plc.

Radius entered into an option agreement with local claim owners to acquire 100% of the property in March 2023.