VANCOUVER, Dec. 6 /PRNewswire/ - Radius Gold Inc. (TSX-V:
RDU): Simon Ridgway reports
from Guatemala that Radius'
diamond drilling program at the HB project is proceeding well with
4 holes completed to date; hole 5 is underway. As of
December 2nd,
approximately 500m of core had been drilled of a planned 10,000m
program.
All holes to date have tested the Pyramid Hill
zone, which is a 3km long northwest-striking zone of outcropping
veins and vein breccias. Logging of the core indicates the first 4
holes have intersected the target structure cutting zones of silica
flooding, quartz veins and vein breccias. Results from the
drilling are not expected until the first quarter of 2011.
The HB property is an epithermal silver/gold
prospect located in eastern Guatemala which was discovered by Radius in
2001. A recent review of Radius' previous surface results indicated
the presence of high grade silver zones within the HB property that
have never been tested at depth. Previous shallow drill campaigns
on the property intersected moderate gold grades over narrow
widths. However, this drilling did demonstrate the continuity of
the mineralized structures and it is the intent of the present
program to now test these structures at greater depths.
A priority of the current campaign will be to
drill test the high-grade silver zones in light of the recent
discovery of the world-class Escobal silver discovery, 50km to the
west of HB and hosted in similar rocks.
For further information on the HB property and
to review the results of the previous drill programs on the
property, please refer to the project page on the Radius Gold web
site at:
http://www.radiusgold.com/s/Holly-Banderas.asp
Qualified Person
Roger Hulstein,
BSc, is a member of the Association of Professional
Engineers and Geoscientists of British
Columbia and is the Company's Qualified Person as defined by
National Instrument 43-101. Mr. Hulstein is responsible for the
accuracy of the technical information in this news release.
About Radius
Radius has been exploring for gold in
Latin America for nearly a decade,
and 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. In addition to its ATAC-belt
claims, Radius also has two other 100% owned exploration plays, the
HB property in Guatemala and the
Sixty Mile property in the Yukon
Territory.
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President &
CEO
Investor relations: Ralph Rushton
/ Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 79.6-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.
SOURCE Radius Gold Inc.
Copyright c. 6 PR Newswire