Radius Gold drills 11.8m @ 450 g/t silver and 1.31 g/t gold and continues to expand El Cuervo Target, Amalia Project, Mexico
news release
April 25, 2022
Radius Gold drills 11.8m @ 450 g/t silver and 1.31 g/t gold and continues to
expand El Cuervo Target, Amalia Project, Mexico
Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) is pleased to report results from the El Cuervo
target at the Amalia Project, Mexico (Figure 1). Drilling at El Cuervo is ongoing, and the latest results
show that Radius continues to define wide zones of mineralization on the largely untested structure.
New drill results include:
AMDD22-050 14.60m @ 117 g/t Ag & 0.92 g/t Au
Including 0.9m @ 1185 g/t Ag & 6.93 g/t Au
Including 3.05m @ 104 g/t Ag & 1.32 g/t Au
AMDD22-051 17.35m @ 253 g/t Ag & 1.11 g/t Au
Including 0.60m @ 1510 g/t Ag & 2.52 g/t Au
Including 7.60m @ 414 g/t Ag & 2.10 g/t Au
Including 1.15m @ 637 g/t Ag & 10.70 g/t Au
AMDD22-052 11.80m @ 450 g/t Ag & 1.31 g/t Au
Including 2.10m @ 1577 g/t Ag & 2.27 g/t Au
AMDD22-053 Lost holes, no assays submitted
AMDD22-054 No significant intercepts
All drill holes have been collared from 2 platforms with the holes fanned out testing approximately 350m
of strike extent and 300m depth (Figure 2). The El Cuervo structure remains open to expansion along
strike and to depth and so far, has been tested by 12 drillholes for a total 4752 meters. Assay results for
holes AMDD22 -055 to AMDD22 -057 are still pending. The full table of results as well as plan maps
showing the El Cuervo drilling to date are presented below.
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Figure 1. Geology and target overview - Amalia Project.
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Figure 2. California target – Drilling and Ag geochemistry
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Table 1. Drill results California Target
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
AMDD22-050 336.75 337.55 0.80 0.60 107 2.60
And 347.10 349.00 1.90 1.50 53 0.27
And 394.90 409.50 14.60 11.20 117 0.92
Including 394.90 395.80 0.90 0.70 1185 6.93
Including 406.45 409.50 3.05 2.30 104 1.32
AMD22-051 348.50 349.55 1.05 0.80 125 2.10
And 398.65 416.00 17.35 13.70 253 1.11
Including 398.65 399.25 0.60 0.50 1510 2.52
Including 408.40 416.00 7.60 6.00 414 2.10
Including 410.50 413.15 2.65 2.10 555 4.94
Including 412.00 413.15 1.15 0.90 637 10.70
AMDD22-052 278.20 290.00 11.80 10.60 450 1.31
Including 281.35 288.00 6.65 6.00 695 1.44
Including 285.90 288.00 2.10 1.90 1577 2.27
Including 285.90 287.30 1.40 1.30 1800 0.50
And 308.70 310.00 1.30 1.20 37 1.22
And 327.10 328.35 1.25 1.10 55 0.68
And 332.85 336.00 3.15 2.80 84 0.87
Including 334.50 336.00 1.50 1.30 91 1.48
AMDD22-053
AMDD22-054
Adbandoned
No Significant Intercepts
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“The latest results at El Cuervo further demonstrate that multiple structures at the Amalia Property
contain significant wide zones of gold and silver mineralization. We are excited to continue adding to the
large developing potential at Amalia with ongoing drilling at El Cuervo,” comments Bruce Smith, President
and CEO.
The Agreement
Pursuant to an option agreement signed in June 2018, Pan American Silver Corp. has the option to earn
up to 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 advancing the property to preliminary-feasibility.
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
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. At
the same time, management is seeking out additio nal 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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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”, “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 act ual 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, whether the planned e xploration 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
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 an d 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.