Drilling at Radius's nearby Banderas project will start during the month of October. The drill program is being conducted by joint venture partner
Holly Highlights
HDD-21-017 from 134.25m to 143.08m returns 8.83m @ 8.81 g/t Au and 355 g/t Ag
HDD-21-019 from 28.97m to 30.50m returns 1.53m @ 191.8 g/t Au and 539 g/t Ag
And 171.90m to 178.42m returns 6.52m @ 11.72 g/t Au and 340 g/t Ag
HDD-21-020 from 61.70m to 67.10m returns 5.40m @ 4.38 g/t Au, 350 g/t Ag
Including 63.0m to 64.0m returns 1.00m @ 20.70 g/t Au and 1,616 g/t Ag
And 131.0m to 134.20m returns 3.20m @ 255 g/t Ag
Results from Holly continue to return high grade broad intercepts accompanied by high associated values in path finder elements such as Mercury and Antimony. It is management's belief that we are still high in the epithermal system and the next round of drilling continues to step down the Jocotan Fault Breccia testing this broader system at depth.
Within the Pena vein hanging wall, splay veins are producing spectacular results as shown by the bonanza interval in HDD-21-019 returning 1.53m @ 191.8 g/t Au and 539 g/t Ag from 28.97m down hole. La Pena is one of many north-south veins that cross the regional east-west Jocotan plate bounding fault system. With growing understanding of the controls on mineralization at Holly, the program is consistently intersecting the north-south Pena vein system within the wide Jocotan fault breccia, where gold-silver grades are the highest. A major focus of the upcoming drilling will be to test the extensive breccia in the plate bounding Jocotan fault.
Results are still pending from latest step out holes to the north and south. The initial step out hole to the north, HDD21-015, returned 15.55m @ 7.67 g/t Au and 615 g/t Ag, and HDD21-017 to the south of the Jocotan breccia (above) returned 8.83m @ 8.81 g/t Au and 355 Ag.
Quality Assurance and Quality Control
Volcanic Gold follows industry standard procedures for diamond core drilling and analysis. Drilling is carried out using NQ and HQ 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 1m intervals, producing samples of between 2 to 9 kg. Half-core samples are delivered to the internationally certified Bureau Veritas Mineral laboratory facilities in
Terms of Guatemala Radius Gold and
Pursuant to an option agreement signed in
Following the exercise of the Option, Volcanic will enter into a standard 60/40 Joint Venture in order to further develop the Properties. Volcanic has also been granted an exclusive right to evaluate all other property interests of Radius in
Radius has a portfolio of projects located in
Contact:
Bruce Smith
Tel: 604-801-5432
Fax: 604-662-8829
Email: info@goldgroup.com
Web: www.radiusgold.com
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 plans for exploration work at the Company's
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 in
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.
(C) 2021 Electronic News Publishing, source