Radius Gold and Pan American Silver intercept significant gold/silver mineralization at Amalia Project, Mexico
news release
December 4, 2018
Radius Gold and Pan American Silver intercept significant gold/silver
mineralization at Amalia Project, Mexico
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased to announce results from the
Company’s initial drill program at the Amalia Gold -Silver Project in Chihuahua, Mexico. Five drill
holes tested the Campamento – San Pedro structural corridor, intercepting gold mineralization in all holes
with the deepest hole cutting 26m at 7.08g/t Au and 517 g/t Ag.
The nine hole 1909m diamond drill program was completed by Radius and funded by Pan American
Silver under a joint venture agreement (see Radius news release August 27, 2018). Three target zones
(Campamento/San Pedro, Guadalupe and Dulces) were tested across a strike length of 1.8km following
the trace of a large regional fault and associated splays hosting high level epithermal gold and silver
mineralization.
Five drill holes ( AMD001 / 003 / 007 / 008 / 009) were drilled between the Campamento and San Pedro
targets (Campamento Zone) defining a 650m strike length of epithermal banded veining, stockworks and
multiphase breccia with significant gold and silver mineralization. A table of results is listed below. This
initial drill program was designed to test the target s between 50 and 150m below ground surface.
Considering the topography the drill holes cut mineralization in a range between 1988 m above sea level
(asl) and 1882m asl, effectively testing the mineralization over a 100m vertical interval. AMD001 cut the
zone highest in the system at 1988m asl and was still with in the upper rhyolite host . AMD009 cut the
system within the andesite host at the deepest level (1908m als) and recorded the best widths (2 6m) and
highest grades with bonanza intervals, including 5m at 14.71 g/t Au and 1378 g/t Ag.
Table 1. Drill results for Campamento Zone, Amalia Project
Hole Collar, NAD 27, Zone 13 from to interval Au g/t Ag g/t Elevation
UTM E UTM N m asl*
AMDD18-001 295,998 2,863,234 44.35 56.35 12m 0.1 44 1988
AMDD18-003 296,025 2,863,269 107.44 137.44 30m 0.30 65 1937
AMDD18-007 296,234 2,862,867 129.1 133.1 4m 0.29 229 1950
AMDD18-008 296,077 2,863,172 98.65 99.65 1m 2.28 521 1976
and 126.65 131.65 5m 0.59 571 1950
AMDD18-009 295,988 2,863,347 144.35 170.35 26m 7.08 517 1908
including 165.35 170.35 5m 14.71 1378 1882
* elevations are given as met res above sea level at the top of the reported interval. Drill holes were drilled
perpendicular to the mineralized zone and reported intervals are thought to approximate true width.
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Mineralization at the Campamento Zone is open in all directions. On strike from Campamento, along the
Amalia regional fault system, high grade gold and silver mineralization outcrops at intervals vertically at
least 600m below Campamento. Similar style major epithermal mines of the Sierra Madre (e.g.
Palmerejo, Pinos A ltos, La Cienga) located in the same regional volcanic belt as Amalia are known to
have mineralization occurring over large vertical intervals between 600 and 750m. To date the Radius /
Pan American JV has tested a very limited part of the system and it is intended to follow the high grade
mineralization along strike and to depth with further drilling early in the new year.
Drill holes AMD002 / 004 / 005 / 006 targeted mineralization at the Guadalupe and D ulces zones. These
drill holes did not intercept significant gold/silver mineralization.
Maps and sections of the Amalia phase 1 drilling are available on the Radius website at:
http://www.radiusgold.com/s/amalia.asp
Figure 1: Photographic record of the high-grade zone in AMD009 with meter by meter assay.
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 drill program and prepared and approved the technical
information contained in this news release.
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 between 1m and 1.5m
producing samples of between 2 to 9 kg. Half-core sam ples are delivered to the ALS Geochemistry
laboratory facilities in Chihuahua, Mexico. 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. Radius routinely inserts multi-element geochemical standards and
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blanks into the drill core sample stream to monitor laboratory performance. Quality control samples
submitted to ALS were returned within acceptable limits.
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 seeki ng out additional investment and project acquisition opportunities across
the globe.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
Symbol: TSXV-RDU
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 acce pts
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 results of exploration work and
future plans at the Amalia Project; 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 statements 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 results of exploration work and future plans at the Amalia Project; 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.
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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 Amalia Project will advance 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 a nticipated in such statements. Accordingly, investors should not place undue reliance on
forward-looking statements.