Radius Gold Extends Drill Program on Plata Verde Silver Project
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The first batch of assay results from Plata Verde's drill program has been received, with the first four holes, PV-01 to PV-04 totalling approximately 900m in drilling, focused on the eastern side of the valley. These initial drill holes cut several zones of low-grade silver mineralization and indicate limited potential for an economic discovery in the eastern extension of silver mantos. However, encouraging results have been achieved on the western side of the valley with drill holes PV-05 through PV-08 showing greater thickness of the basaltic host rock and improved visual mineralization (assays pending).
The most recent hole drilled, PV-09, located further northwest (Figure 1: Plata Verde Drill Program), intersected visually improved results, cutting through greater width of basaltic host and encountering visibly the most attractive mineralization seen so far in this drilling program. The improving visual results as the drill rig moves west has prompted the JV partnership to extend the planned drill program, adding three additional drill holes to test the extension of this target zone.
"We are excited to continue drilling at Plata Verde, particularly with the results from PV-09," stated Bruce Smith, CEO/President of Radius Gold. "The decision to extend the drill program reflects our commitment to fully explore and unlock the potential of this project."
Radius Gold will continue to provide updates as the drilling progresses.
Figure 1: Plata Verde Drill Program
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Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius' Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith has reviewed and approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located in Mexico and Guatemala utilizing partnerships where appropriate to retain the Company's treasury. Management is seeking out additional investment and project acquisition opportunities across the globe. Radius is a member of the Gold Group of companies, led by Simon Ridgway. You may find more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca.
ON BEHALF OF THE BOARD
Simon Ridgway
Executive Chairman
Symbol: TSXV-RDU
Contact: Bruce Smith
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
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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 Company's plans for its properties. 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.
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