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The latest update is out from Radius Gold ( (TSE:RDU) ).
Radius Gold reported initial surface sampling results from its Jonco Silver Project in Peru, identifying anomalous gallium values associated with silver mineralization that suggest gallium could be a meaningful component of the polymetallic system. The company is relogging historical drill holes, re-sampling core with modern analytical methods, and undertaking detailed geological, mineralogical and geochemical studies to refine its model and support future drill targeting.
In parallel, Radius is expanding geological mapping and systematic surface sampling while advancing permitting and community engagement with local villages in the Chulloc, Huellap, Shipash Huain and Arcash area. The host community’s General Assembly has approved the continuation of negotiations toward a formal surface access agreement, marking a key milestone that allows Radius to progress access and permitting work needed ahead of any drilling authorization by Peruvian authorities.
The most recent analyst rating on (TSE:RDU) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Radius Gold stock, see the TSE:RDU Stock Forecast page.
Spark’s Take on RDU Stock
According to Spark, TipRanks’ AI Analyst, RDU is a Neutral.
The score is held down primarily by the lack of revenue, recurring losses, and ongoing cash burn, which increase financing and dilution risk. Technical signals are modestly supportive and recent corporate actions are positive for project optionality, but valuation is difficult to justify with negative earnings.
To see Spark’s full report on RDU stock, click here.
More about Radius Gold
Radius Gold Inc. is a Vancouver-based mineral exploration company focused on precious and base metals, with current efforts centered on the Jonco Silver Project in the Miocene volcanic belt of northern Peru. The project targets silver-gold-lead-zinc polymetallic mineralization associated with dacitic flow domes and diatreme breccias, supported by historical drilling that suggests mineralization from surface to significant depths.
Average Trading Volume: 141,812
Technical Sentiment Signal: Sell
Current Market Cap: C$13.88M
For an in-depth examination of RDU stock, go to TipRanks’ Overview page.