Radius Gold (TSE:RDU) has released an update.
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Radius Gold Inc. and their joint venture partner Volcanic Gold Mines Inc. are currently advancing the first-pass drilling campaign at the Motagua Norte Project in Guatemala, with promising findings. Recent drilling has revealed a major structural corridor, the Veta Madre Fault Zone, which is believed to be the source of high-grade gold values previously identified in the area. The companies are actively drilling the Mila zone within this fault zone, targeting the rich vein which is hoped to yield significant gold quantities.
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