Radius Gold Inc. Intersects 24 meters grading 1.5 g/t Au at Sixty Mile
05.12.2011 | CNW
VANCOUVER, Dec. 5, 2011 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to provide the final results from the diamond drilling conducted at the Sixty Mile property this year. In total 20 holes (5,273 m) were drilled. Sixteen holes tested the Graben Fault Zone in the Sixty Mile River Valley and four tested the Thrust Fault Zone. Results from the first 13 holes were released on October 25, 2011.Results have been received for the final three holes which tested targets in the Graben Fault Zone. Hole DDH11-14 returned 1m @ 5g/t Au from a fault structure that may be related to the gold bearing structures intercepted in holes DDH11-08 (1m @ 19g/t Au) and DDH11-10 (1.5m @ 132 g/t Au). Holes DDH11-16 and DDH11-17, the final two holes targeting the Graben Fault Zone, tested geochemical anomalies in the valley coincident with geophysical targets. They returned no significant results.
Diamond Drill Hole From (m) To (m) Length (m) Au ppb
DDH11-14 32.00 33.00 1.00 5172
DDH11-15 193.00 196.50 3.50 1504
DDH11-15 233.17 251.05 17.88 435
including 234.00 238.00 4.00 1023
DDH11-18 88.00 193.30 105.30 507
including 141.93 166.00 24.07 1569
DDH11-19 224.50 228.60 4.10 1837
DDH11-20 182.98 185.65 2.67 1061
DDH11-20 201.78 202.75 0.97 1794
DDH11-20 272.00 273.03 1.03 1395
The Thrust Fault Zone
In 2010 Radius identified orogenic gold mineralization within a package of northeast trending brittle siliclastic metasediments cut by thrust faults (the "Thrust Fault Zone"). This area is likely one of the sources for the extensive placer gold deposits that has been mined from the creeks that cut this unit. The host units are extensive, and there are multiple beds of quartzite hosting cross cutting, gold bearing veins. In 2010 four core holes drill tested this unit and anomalous gold was encountered over down hole widths of up to 79m. Holes DDH11-15, 18, 19 & 20 tested the Thrust Fault Zone.
Drill hole DDH11-15 targeted mineralization down dip of mineralization intersected in the upper portions of 2010 drill holes DDH10-1, 2 and 3. Sample results from hole 15 are similar to those received in 2010 including a 4.0 meter section (from 234.00 - 238.00 m) that graded 1023 ppb gold. Drill hole DDH11-18 targeted a brittle quartz rich unit intersected in DDH10-3 that returned 160 ppb gold over 79.27 m. The drilling direction of DDH11-18 was close to right angles to that of DDH10-03 as the purpose of hole 18 was to intersect the quartz veins at a high angle compared to the low angles observed in drill core in 2010. Best results from DDH11-18 include 1.5 g/t Au over 24 meters (from 141.78 m - 166.00 m), where visible gold in quartz veins was observed, within a broader 105.30 m interval that graded 507 ppb (from 88.00 - 193.30 m).
Drill hole DDH11-19, located approximately 950 m northwest of DDH11-15, 18 and DDH10-1, 2 & 3, targeted resistivity and induced polarization (IP) anomalies. The best result was 1837 ppb over 4.10 m (from 224.50 m - 228.60 m) from a quartz veined quartz rich schist unit.
Drill hole DDH11-20, targeted the thrust fault zone where it crosses a ridge, approximately 2.1 km to the northeast of DDH11-19. Like DDH11-19, hole 20 targeted resistivity and IP anomalies. Best values included three narrow (0.97 m to 2.67 m) intervals of >1 g/t Au from a fault zone and sericite altered and silicified schist.
True widths for the above drill core intersections have yet to be determined. Drill collar coordinates, dips and azimuths are tabulated at the end of this release, and complete analytical results for the drill holes can be viewed on the Radius web site: www.radiusgold.com
Other Radius Yukon Properties
Geochemical results from rock, soil and stream sediment sampling on the Newt and Scarlet projects continue to be delayed due to major backlogs at the Yukon assay laboratories. Results will be released when received, compiled and interpreted.
In late October Radius staked 80 claims (1670 Ha) over a silver - base metal target, the Yukon Minfile, Iola occurrence. It is located approximately 115 kilometres northeast of Whitehorse and is about 15 km from the South Canol Road.
Chain of Custody
Sampling is conducted under the supervision of the on-site project geologist. Samples are tracked by the project geologist from the project site to the sample preparation facility and transported by Radius personnel or expediters employed by Radius.
Quality Assurance / Quality Control
Radius employs a rigorous QA program with respect to its diamond drill core. Samples are generally 0.5 to 1.5 m in length. Rock pulp standards, blank gravel aggregate, and lab duplicates are inserted into the sample stream each at a rate of 3 per 100 samples, for a total of 9% check samples. All data received from the laboratory is verified for quality control using both the laboratory and the inline check samples.
Laboratory
All samples are sent to Acme Analytical Laboratories Ltd.'s preparation facility in Whitehorse, Yukon Territory for crushing. Pulp splits are forwarded from Whitehorse by Acme to their laboratory in Vancouver, British Columbia, for analysis. Gold in rock samples is determined by a 30 gram fire assay fusion followed by ICP-ES analysis (method 3B01). An additional 32 elements are analyzed by a 0.5 gram sample split leached in hot Aqua Regia followed by ICP-ES analysis (method 1D).
Qualified Person
Mr. Roger Hulstein, B.Sc., P.Geo., is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is a Qualified Person as defined by National Instrument 43-101. The technical information contained in this release has been prepared by or under the supervision of Mr. Hulstein.
About Radius
Radius has been exploring for gold in Latin America for nearly a decade. It has assembled interests in a portfolio of promising gold projects throughout the region, including carried stakes in two small-scale developing gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including the HB property in Guatemala. As well, Radius is in the process of spinning out its properties in the Yukon, including those in the Rackla Belt and Sixty Mile placer gold district, to create two strategically positioned companies, one focused on Latin America and the other focused on the Yukon.
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President & CEO
Investor relations: Ralph Rushton / Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement.
Coordinates in NAD83, UTM zone 7.
Drill hole Azimuth Plunge Depth (m) Northing Easting Elevation (m)
DDH11-01 137 -50 263.65 7097927 514065 708
DDH11-02 140 -50 364.99 7098003 514001 655
DDH11-03 140 -50 320.04 7097425 513439 692
DDH11-04 140 -50 403.86 7097735 513184 679
DDH11-05 140 -50 271.27 7097433 512793 686
DDH11-06 140 -50 192.02 7097032 513165 713
DDH11-07 140 -50 92.17 7096753 512055 690
DDH11-08 320 -50 249.94 7096251 511172 696
DDH11-09 320 -50 207.26 7096282 511277 700
DDH11-10 140 -50 351.43 7096730 512732 756
DDH11-11 140 -50 254.51 7098253 513724 664
DDH11-12 140 -50 104.85 7097733 514168 762
DDH11-13 140 -50 265.41 7097729 514174 761
DDH11-14 320 -50 330.71 7096788 513006 763
DDH11-15 110 -57 289.56 7097076 506727 1009
DDH11-16 320 -50 185.32 7098900 514839 663
DDH11-17 000 -50 190.44 7095678 510307 701
DDH11-18 110 -62 314.55 7097260 506465 1027
DDH11-19 126 -55 312.12 7097803 505663 900
DDH11-20 116 -60 309.37 7099234 507494 1071
For further information:
on Radius and its properties, please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).
