VANCOUVER -- The Cordilleran Roundup provides an opportunity to see the juniors in a comparative surrounding which is especially helpful. We’ll start off with companies that have caught our eye and follow up in the next few days with companies that other pundits made a note of. Radius Explorations [RDU]
Radius has staked out ground on the Guatemala Gold Belt and its preliminary exploration results were good enough to have Gold Fields [GFI] jump in as an option partner on the Tambor and Bella Vista Projects and commit to spending a significant sum. Drilling and trenching results from mid-January further confirmed the value of the project
With Gold Fields taking over operations on those projects, Radius switched its focus to the Holly project in eastern Guatemala which has shown a lot of promise. Trenching results in the middle of last year boasted very good gold and silver grades from a system of epithermal veins. Holly was subsequently optioned to Lalo Ventures, only for it to default and hand the project back to Radius. Subsequent drilling returned very strong grades along good widths.
Radius is flush with additional regional projects that appear just as prospective. One is a joint venture with a Radius controlled subsidiary, Pillar, on the Marimba project, further to the east of the Holly project.
Management is solid and supported by a strong board. The company has 36 million fully diluted shares out (25m issued) and cash on hand exceeding C$2 million. For those wondering about Guatemala’s political risk, consider that it agreed with the US and Canada in recently rejecting Libya’s chairmanship of the UN Human Rights Commission.
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