Radius Gold Jumps into Geothermal
Radius Gold Inc. (TSX-V: RDU) announced that it has nearly 500,000 acres either under lease or application in Guatemala broken into 7 different tracts. Given that Radius has been in the exploration business for gold in the region for a decade and has run across several hydrothermal systems during that time, this is an interesting shift into an adjacency. In fact, one might call it smart taking the unnaturally high gold prices and using that leverage along with the experience they have in region to partner with an established producer to bring these projects to fruition.
Past studies have indicated that there is large geothermal potential in Guatemala, perhaps as much as 4GWe, but more likely around 1GWe. Presently, Ormat has two plants producing a net of around 46MWe in the region.