0.92 g/t gold at El Cuervo Target, Amalia Project, Mexico
news release
March 22, 2022
Radius Gold drilling update: new intersection of 17.8m @ 144 g/t silver and
0.92 g/t gold at El Cuervo Target, Amalia Project, Mexico
Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) is pleased to report ongoing drill results from
the El Cuervo target at the Amalia Project, Mexico.
Highlights from drill holes 48 and 49 include:
Hole AMDD21-49: 17.8m @ 144 g/t Ag & 0.92 g/t Au
Hole AMDD21-48: 37.8m @ 54 g/t Ag & 0.34 g/t Au
Including 1.6m @ 139 g/t Ag & 4.02 g/t Au
Drill results received to date , as well as current and planned drilling, are presented in the plan sections
and Table 1 below.
Discussion of Results
Amalia is a large system with multiple vein structures (Amalia, California & El Cuervo) over 10km of
combined strike with multiple targets on each structure. Compelling wide and high-grade mineralization
has been intersected on the 3 principal drill targets tested to date.
At El Cuervo target 9 diamond drill holes have been completed (AMDD21 -46 to 54) for a total 3468m.
Assay results have been received for the first 4 drillholes (46 to 49).
The latest drill results are located on a section approximately 100m SE of last month’s intersection in
AMDD21-47 of 96m @ 167 g/t Ag & 0.54 g/t Au (figure 2) and confirm and expand a significant mineralized
system at the EL Cuervo target. Drilling is ongoing to define the size potential.
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Figure 1. Geology and targets overview - Amalia Project
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Figure 2. El Cuervo target – plan section & geochemistry
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Table 1. El Cuervo target - drill results
DRILLHOLE FROM
(m)
TO (m) INTERVAL
(m)
EST. TRUE
WIDTH
Ag (g/t) Au (g/t)
AMDD21-046 214.35 214.80 0.45 0.4 214 0.52
And 225.55 228.35 2.80 2.7 122 0.13
And 239.25 270.20 30.95 29.9 44 0.13
Including 239.25 242.95 3.70 3.6 158 0.49
Including 239.25 240.95 1.70 1.6 233 0.31
And 292.00 295.50 3.50 3.4 203 0.53
Including 294.40 295.50 1.10 1.1 381 1.31
AMDD21-047 245.10 341.10 96.00 83.1 167 0.54
Including 279.90 341.10 61.20 53.0 232 0.65
Including 279.90 325.10 45.20 39.1 290 0.80
Including 290.40 297.75 7.35 6.4 592 0.69
Including 300.00 317.35 17.35 15.0 302 1.13
Including 309.50 317.35 7.85 6.8 438 1.12
AMDD21-048 214.85 216.45 1.60 1.5 116 1.39
And 222.15 223.50 1.35 1.3 302 0.56
And 227.00 233.30 6.30 6.1 77 0.61
Including 229.60 231.80 2.20 2.1 125 0.68
And 265.60 303.45 37.85 36.6 54 0.34
Including 286.90 297.40 10.50 10.1 84 0.75
Including 294.75 296.40 1.65 1.6 139 4.02
AMDD22-049 304.90 306.35 1.45 1.2 62 0.81
And 340.85 351.65 10.80 9.3 63 0.80
And 358.40 376.20 17.80 15.3 144 0.92
Including 365.55 376.20 10.65 9.1 190 1.01
Including 365.55 366.55 1.00 0.9 469 0.97
Including 375.00 376.20 1.20 1.0 483 3.94
The Agreement
Pursuant to an option agreement signed in June 2018, Pan American Silver Corp. has the option to earn
an initial 65% interest in the Amalia Project by making cash payments to Radius totalling US$1.5 million
(of which US$800,000 has been received) and expending US$2 million on exploration over four years. Pan
American may earn an additional 10% by completing a preliminary-feasibility study.
Quality Assurance and Quality Control
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 ALS Geochemistry laboratory
facilities in Chihuahua, Me xico. The samples are fire assayed for Au and are analysed for Ag and multi -
elements using method code ME-ICP61 following a four-acid digestion. Overlimits are analysed using an
appropriate method. Multi-element geochemical standards and blanks are routinely entered into the drill
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core sample stream to monitor laboratory performance. Quality control samples submitted to ALS were
returned within acceptable limits.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’s 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, United States and Guatemala which it continues to
advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury.
Management is constantly seeking out additional investment and project acquisition opportunities across
the globe.
ON BEHALF OF THE BOARD
Bruce Smith
President and CEO
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: [email protected]
Website: www.radiusgold.com
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 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 Amalia Project. 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”, “re flecting”, “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, uncertai nties 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 facto rs
include, among others, whether the planned exploration work at Amalia 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
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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.sedar.com.
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 exploration work at the Amalia Project will advance as planned;
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.