Day: March 5, 2018

Arturo Prestamo, Santacruz’s President and CEO stated “In 2017 Santacruz made several positive steps towards solidifying its operations base including the retirement of the senior JMET debt facility, the negotiation of the outright acquisition of the Veta Grande Project, the appointment of Carlos Silva as COO, and optioning 20% of the Company’s Zacatecas mineral portfolio to Carrizal Mining, S.A. de C.V.” Mr. Prestamo continued “Further, as a first step to address the Company’s current working capital needs Santacruz has entered into a services agreement with Carrizal Mining to provide to it certain mining related services that will generate approximately US$1.1 million of monthly cash flow to Santacruz.”

Radius continues to advance the Amalia project and is currently permitting drilling and bulldozer trenching, which is expected to be granted in the coming months. Sampling conducted in the last field campaign resulted in a new high-grade extension northward of Campamento zone with a continuous rock chip channel assaying 4.5 m at 10.3 g/t Au and 202 g/t Ag. This extends the total strike length of outcrop of the high level chalcedonic breccias and stockwork zone at Campamento to 500 m.