Radius Gold Reports Change in Exploration Management and Provides Update on Tierra Roja Drill Program
Radius mobilises drilling at Tierra Roja following a management reshuffle to target the rainy season window.
Radius Gold Inc. (RDU) has announced site preparation for its initial drill program at the Tierra Roja copper project in southern Peru, with drilling expected to commence in mid-November 2026. The initial campaign will target approximately 3,000 metres to test mineralization to depths of ~500 metres, utilizing reverse circulation and diamond drilling.
The accelerated timeline is driven by La Niña weather patterns, aiming to complete the initial campaign before potential access disruptions from the rainy season. A second, larger drill program is planned for early 2027, contingent on the end of the rainy season and initial assay results.
In a move to oversee drill execution directly, President Dr. Luke Longridge and Country Manager Pedro Garcia will take on expanded roles following the departure of Alejandro Ly, who stepped down as VP Exploration.
Radius Gold Inc. (RDU) issued an operational update on Thursday, serving as a direct follow-up to the October 7, 2026 announcement that granted final drilling authorization from the General Directorate of Mining and Geological Exploration (GREM). The market had already priced in the permitting milestone, evidenced by the stock’s jump from approximately $0.15 to $0.22 on Oct 7.
The update confirms management's execution capability and timeline adherence but introduces no new geological data, financial terms, or strategic shifts. The impact is incremental and expected, validating the project's progression without altering the fundamental risk/reward profile ahead of assay results.
Radius Gold Inc. (RDU) is a Canadian exploration company advancing a portfolio of mineral projects across the Americas, with a primary operational focus on Peru. Its flagship asset is the Tierra Roja project, a 100%-owned potential large-surface oxide copper deposit located on state-owned land in southern Peru. The company notes that the site has no community presence, which it states eliminates social license risks. Tierra Roja has secured environmental permits and final drilling authorization.
The company also holds interests in secondary projects, including Jonco, a 100%-optioned epithermal Ag-Au-Pb-Zn property in central Peru; Amalia, a 35%-joint venture Au-Ag project in Mexico where exploration has been halted by the partner; and Holly, a 60%-joint venture Au-Ag project in Guatemala facing social license challenges.