Green Light 🚦 - Time to step on the gas

Vancouver, British Columbia – TheNewswire - December 20, 2023 - Radius Gold Inc. (TSXV:RDU)(“Radius” or the “Company”) is pleased to announce that long term access agreements have been signed with property owners on the Company’s Cirilo I exploration license, Motagua Norte project, in Guatemala.  The Cirilo I exploration license was granted in September 2023 and covers an area of 13.5 km² (4.5 x 3 km).  The land access agreements will allow access to, and exploration of the high-grade Mila gold-silver prospect and nearby mineralized veins (see news release, Oct 11, 2023). An environmental permit to undertake surface and trench sampling is in place.  Radius’s JV partner, Volcanic Gold Mines (TSXV:VG), is preparing for a trenching and drilling campaign in the new year.

VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) reports that its wholly owned Chilean subsidiary, Fenix Gold Limitada, has been successful in being granted approval of its Environmental Impact Assessment (“EIA”) for the construction and operation of its Fenix Gold Project (“Fenix Gold” or “the Project”) located in the Atacama region of Chile.

Rio2 welcomes the decision in Chile by the Committee of Ministers to approve the EIA for the Fenix Gold Project, which now allows the Company to advance the Project through statutory permitting, financing, and the currently planned recommencement of construction activities during 2024.

FENIX GOLD PROJECT

The Fenix Gold project is one of the largest undeveloped gold oxide, heap leach projects in the Americas, hosting a Measured and Indicated mineral resource (as such term is defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects, “NI 43-101”) of 4.8 million ounces of gold which the Company believes will make a positive contribution to the Atacama Region and Chile. The Project is an example of modern gold mining where a full complement of technical, environmental, and social considerations has been consulted on and designed in from the outset. The Project represents a significant investment in the gold mining business in Chile by a junior mining company of approximately US$235M of initial and sustaining capital and will generate employment for at least 1,200 people during the construction phase and 550 people during the 17-year operations phase. The mine being contemplated at the Project will be a run-of-mine heap leach operation; no crushing or tailings storage facilities are required, thereby minimizing the overall impact and footprint of the Project.

VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce it has received the necessary permits from the Saskatchewan Government to conduct ground-based geophysics and diamond drilling exploration work on its 100% owned Gunter Lake (“Gunter Lake” or the “Project”) Uranium Project in the Athabasca Basin, Saskatchewan.