Radius drills 1.53m @ 191.8 g/t Au and 539 g/t Ag at Holly Project, Guatemala
news release
October 5, 2021
Radius drills 1.53m @ 191.8 g/t Au and 539 g/t Ag at Holly Project,
Guatemala
Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) is pleased to report final results from Holly
drill holes HDD-21-017 through HDD-21-020 following receipt of the overlimit assays, and that the drill is
again turning at Holly. Drilling at Radius’s nearby Banderas project will start during the month of October.
The drill program is being conducted by joint venture partner Volcanic Gold Mines Inc, who can earn into
60% of the project by funding $7 million in exploration.
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 Peña 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 Peña
is one of many north -south veins that cross the regional east -west Jocotan plate bounding fault system.
With growing understand ing of the controls on mineralization at Holly, the program is consistently
intersecting the north -south Peña 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.
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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.
Figure 1. La Peña Zone; Long Section:
Note: Reported intervals are drilled width. True width is estimated at 80% of true width.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius Gold ’s
Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Mr. Smith has 27 years of mineral exploration experience and has prepared and approved the technical
information contained in this news release.
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 Nicaragua where the samples are prepared. Assays are completed by Bureau Veritas
certified laboratories. The samples are fire assayed for Au and are analy zed for Ag and multi -elements
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using method code ICP following a four -acid digestion. Overlimits are analy zed using an appropriate
method. Multi-element geochemical standards and blanks are routinely entered into the drill core sample
stream to monitor laboratory performance. Quality control samples subm itted were returned within
acceptable limits.
Terms of Guatemala Radius Gold and Volcanic Gold Mines option
Pursuant to an option agreement signed in May 2020 with Radius, Volcanic can earn a 60% interest in
Radius’s Holly and Banderas projects by spending the cumulative amount of US$7.0 million on exploration
of the properties within 48 months from the date of the agreement. An initial US$1M must be spent on
exploration within the 12 months of receiving the required drill permits, which expenditure will include a
minimum 3,000m of drilling on the properties.
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 Guatemala with a right to acquire an interest in any or all other such
properties on reasonable terms.
Radius Gold Inc.
Radius has a portfolio of projects located in Mexico, U nited States and Guatemala which it advance s
utilizing partnerships where appropriate in order to retain the Company’s strong treasury. At the same
time, management is 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
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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, wi thout limitation, statements about the plans for exploration work at the
Company’s Guatemala projects. Often, but not always, these forward looking statements can be identified by the use
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