Radius Receives Authorization to Commence Exploration Activities and Initial Drill Program at Tierra Roja, Peru
Radius completes final permitting for its Tierra Roja copper project, clearing the way for future drilling activities at the deposit.
The Regional Energy and Mines Authority (GREM) has issued final authorization for exploration activities and drilling at the Ferruginosa I-400 concession, the core of the Tierra Roja copper project. This approval resolves a prolonged permitting sequence that followed environmental authorization in 2025 and the successful appeal of an SBN coordinate observation which had previously delayed the process. While a definitive surface easement is being finalized, provisional SBN surface access permits remain active.
Radius Gold Inc. targets commencing its initial drill program before the end of 2026, with camp establishment and drilling contracts currently under negotiation. Additionally, the company has completed further rock-chip geochemical sampling to cover areas beyond the core zone, while systematic grid sampling strategies are being evaluated to navigate extensive caliche cover.
Radius Gold Inc. (RDU) confirmed the successful execution of a previously announced permitting roadmap, securing authorization that removes the primary regulatory overhang constraining capital deployment at the Tierra Roja project since early 2026. While the approval does not alter the project's geological potential, resource status, or financial outlook, it validates management's ability to navigate complex Peruvian bureaucratic processes.
Radius Gold Inc. is a Vancouver-based exploration company focused on advancing a portfolio of mineral projects across the Americas. Its flagship asset is the Tierra Roja Copper Project in southern Peru, interpreted as a porphyry copper system featuring widespread copper-oxide mineralization beneath caliche cover, porphyry dikes, and extensive silicification and potassic alteration.
The company also holds the Jonco Silver Project in central Peru, a large-scale polymetallic Ag-Au-Pb-Zn epithermal system with historic high-grade intercepts. Radius holds a formal option to earn 100% ownership of this property. Additionally, the company maintains joint venture interests in the Amalia project in Mexico (35% interest) and the Holly project in Guatemala (40% interest). Both JV projects are currently inactive due to partner inactivity and loss of social license, respectively.
All active projects are in the exploration or permitting stage. No mineral resources have been defined for Tierra Roja or Jonco.