Radius Gold commences drilling at Coyote Gold Project, Nevada
news release
October 30, 2018
Radius Gold commences drilling at Coyote Gold Project, Nevada
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased to announce that the Company has
commenced drilling at the Coyote Gold Project located North of Elko, Nevada. The Company acquired a
lease to option and purchase the property from Geologic Service s Inc. in March of this year (see news
release March 21, 2018). The property is located on the Eastern flank of the Independ ence Valley, an
area known for its prolific gold production.
The reverse circulation drill program will target deeply penetrating resistive structures with coincident
rock and soil geochemical anomalies of antimony/mercury/arsenic and gold, hosted in brecciated surficial
sinter deposits of a paleo hot spring. A CSAMT survey conducted in August of this year defined a
coherent 950m x 250m resistivity anomaly going to depth which is believed to represent a sheeted vein
system, potentially gold-bearing.
An initial program of three to six drill holes targeting the potential mineralization 150m to 200m below
surface will be conducted. Results will be released once the program is complete.
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 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 additional investment and project acquisition opportunities across
the globe.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
Symbol: TSXV-RDU
-2-
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 mea ning 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 Coyote
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 stat ements 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, amo ng others, the plans for exploring Coyote 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 fro m 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, e xpectations and opinions of
management, including but not limited to: that the exploration activities at the Coyote Project 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 acc urate, 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.