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Drilling defined a large gold mineralized breccia body that starts at surface and to date defined 250m down dip. Gold grades were starting to increase with depth from holes 1, 2, 3, 4, & 6, (see press release
Given the unexpected flat dip of the target breccia to the east and the significantly lower gold assays in hole 8, pursuing the breccia body down dip is not justified at this time. Radius geological team interprets the breccia body to be part of a larger diatreme and/or explosive volcanic breccia system. Targeting the source of the epithermal gold mineralization will require further evaluation and likely an agreement with
Exploration Focus
Radius has multiple compelling exploration projects and in the coming months the focus of exploration activity will be on
Figure 1: Tropico cross-section with drill results
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Table 1: Tropico Drill Results - Key Intercepts
Key Intercepts | |||||
DRILLHOLE | FROM (m) | TO (m) | INTERVAL (m) | GOLD (g/t) | SILVER (g/t) |
TDD001 | 24.20 | 54.90 | 29.18* | 0.34 | 3.9 |
TDD002 | 55.50 | 85.60 | 30.10 | 0.35 | 2.7 |
TDD003 | 0.00 | 44.20 | 44.20 | 0.28 | 2.1 |
TDD004 | 54.00 | 82.52 | 28.52 | 0.28 | 2.6 |
TDD006 | 51.00 | 87.25 | 36.25 | 0.55 | 9.1 |
Incl. | 66.00 | 73.52 | 7.52 | 1.40 | 29.3 |
And | 96.40 | 108.70 | 12.30 | 0.44 | 2.7 |
TDD008 | 69.00 | 78.02 | 9.02 | 0.11 | 2.6 |
And | 90.22 | 91.75 | 1.53 | 0.33 | 2.6 |
And | 135.97 | 140.55 | 4.58 | 0.22 | 1.0 |
And | 186.30 | 206.12 | 19.82 | 0.15 | 1.9 |
*Width of samples submitted, 1.52m of no recovery (gap) |
Quality Assurance and Quality Control
Drilling is carried out using PQ and NQ size tooling. Drill core is cut in half using a rock saw with one-half of the core then taken as a sample for analysis. Sample intervals are generally 1.5m, producing samples of between 2 to 9 kg. Half-core samples are delivered to the ALS Geochemistry laboratory facilities in
Technical Information
Bruce Smith,
Radius has a portfolio of projects located in
ON BEHALF OF THE BOARD
Bruce Smith
President and CEO
Symbol: TSXV-RDU
Contact: Bruce Smith
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
Neither the
Forward-looking statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the results of exploration work and future plans at the Company’s projects. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, whether the planned exploration work at the Company’s projects will proceed as intended; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and the planned exploration and development activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
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