In the Financing, the Company issued a total of 23,385,752 common shares raising gross proceeds of CAD $818,501.36.
Radius has received results from 13 of 14 drill holes at the California target (totalling 3814m), with new results for drillholes AMDD21-042, 043, 044. Every hole in this first round at California has cut the multiphase mineralized structure, defining a large silver gold mineralized system.
This program will be comprised of approximately 14 reverse circulation drill holes, totalling 2,700 metres, and will test the El Cobre high-grade copper property down-dip underneath the historical workings which run along a known strike-length of 200 metres, and will also investigate potential extensions.
“We are pleased to see our High Lake Greenstone Belt portfolio is moving ahead. This will allow Riverside to continue to focus on and further prospect generation in Canada, while receiving cash and retaining royalties on all three projects. We are actively building our royalty portfolio and this transaction provides additional exposure to new discoveries in central Canada.”
Mexus Gold US announced that it will ship gold laden activated carbon to its Idaho refining partner by December 1st 2021.
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