Radius Gold advances Coyote and Bald Peak for drill testing in Nevada
news release
September 27, 2018
Radius Gold advances Coyote and Bald Peak for drill testing in Nevada
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased to announce it has received drill
permits for its Coyote hot -springs epithermal gold project near Elko, Nevada and has initiated a detailed
CSAMT geophysical survey at its 100% owned Bald Peak hot -springs epithermal gold project near
Hawthorn, Nevada. Radius expects to commence drilling at Coyote in the next month and is c urrently
working on drill permits for the 2019 season at Bald Peak.
Coyote Project
Radius recently received a drill permit for the Coyote Project, located near Elko in a world class gold
producing district near the intersection of the prolific Carlin trend (estimated 90Moz gold production
since 1965) and the Independence trend (estimated 8Moz gold production since 1981).
Radius has signed a drill services contract for Coyote and expects to commence drilling in October. The
drill program will target deeply penetrating resistive structures with co-incident rock and soil geochemical
gold-antimony-arsenic-mercury anomalies within a surficial sinter hot spring environment. In August
2018, Radius completed a detailed CSAMT and soil geochemical survey at Coyote. The CSAMT survey
(see figure 1) defined a coherent (950m by 250m) strongly resistive zone adjacent to and below the
surface sinter that extends from surface to the bottom of the geophysical survey at 600m depth and is
predicted to represent a sheeted vein system.
The recent discovery of the Gravel Creek Gold -Silver Deposit ( see note 1 ) by Western Exploration ,
approximately 45km north of Coyote , is an excellent analog where a hot spring sinter environment, and
anomalous geochemistry and geophysical programs led Western Exploration to target the Tertiary -
Paleozoic boundary beneath the system with deep drilling, resulting in spectacular high grade discovery
holes at Gravel Creek including:
WG373 from 470m to 762m with 291m at 13.52 g/t Au, and
WG374 from 457m to 646m with 189m at 34.6 g/t Au
Note 1. Information on the Gravel Creek Gold- Silver Deposit was published in New Concepts and Discoveries:
Geological Society of Nevada 2015 Symposium, O.D Christensen and J.G. Cleary. Geology and Discovery History
of the Gravel Creek Silver-Gold Deposit, Elko County, Nevada.
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Figure 1. Coyote Project - Elko Nevada. Interpreted CSAMT Profile:
Bald Peak Project
The Bald Peak Project is located mainly in western Nevada, with an extension into California. The
property was acquired in 2017 (see news release of March 6th, 2017) and subsequently expanded to cover
an 8km trend of gold rich sinter terraces and epithermal quartz veins which outcrop along the 8km length
of the property (see figure 2). The Bald Peak epithermal system occurs 6km north of and parallel to the
trend of the neighbouring Bodie, Aurora, and Borealis mining camps. The property has seen limited
shallow drilling, none of which targeted the gold rich sinter occurrences. The sinters evidence that the
epithermal system has not been eroded beyond its paleo-surface elevation and thus is likely fully
preserved.
Radius recently received permission from the U.S. Forest Service to conduct a geophysics survey and has
commenced a deep penetrating CSAMT geophysical survey covering the main sinter and vein targets at
Bald Peak. Radius expects to integrate the CSAMT data with the results from its previously completed
mapping and geochemistry to refine the identified drill targets for the 2019 field season. Radius is
currently working on drill permitting with the U.S. Forest Service.
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Figure 2. Bald Peak Project – sinter target summary:
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 participated in the reported programs and prepared and approved the technical
information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located primarily in the United States and Mexico which it continues to
advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury. At the
same time, management is seeking out addi tional investment and project acquisition opportunities across
the globe.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
Symbol: TSXV-RDU
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Contact: Simon Ridgway
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 which include, without limitation, statements about the exploration plans for the Bald
Peak and Coyote Project s; the Company’s business strategy, plans and outlook; the merit of the Company’s
investments and properties; timelines; the future financial performance of the Company; expenditures; approvals
and other matters. 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 stateme nts that events, “could” or “should” occur or be achieved and
similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties 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 factors
include, among others, the plans for exploring the Bald Peak and Coyote Project s; 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 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 activities at the Bald Peak and Coyote Projects will
proceed as planned; that the Company’s activities will be in accordance with its public statements and stated goals;
that all required approvals will be obtained; that there will be no material adverse change affecting the Company or
its investments or 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.