Radius Gold Provides Update on Amalia Project, Mexico
news release
March 4, 2019
Radius Gold Provides Update on Amalia Project, Mexico
Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to provide an update on its preparations
for stage two drilling at the Amalia Gold-Silver Project in Chihuahua, Mexico. Late last year (see Radius
news December 4th 2018), Radius announced the results from its initial drill program at Amalia. Five
drill holes tested the Campamento (now called San Pedro) structural corridor, intercepting gold and silver
mineralization in all holes with the deepest hole AMD18- 009 cutting 26m at 7.08 g/t Au and 517 g/t Ag,
including 5m at 14.71 g/t Au and 1378 g/t Ag.
Recent review and re- logging of the core indicates that of the five holes drilled within the San Pedro
target (AMDD18-001, 003, 007, 008, 009) only the bonanza grade hole AMD18-009 cut the target within
the preferred Lower Andesite super group volcanic. All the other holes cut the target structure within the
Upper Rhyolite super group volcanics (see figure 1 below). As all of the major epithermal deposits of the
northern Sierra Madre are hosted within the Lower volca nic units, this indicates the potential for a
significant discovery with further drilling. Similar style major epithermal mines of the Sierra Madre (e.g.
Palmerejo, Pinos Altos, La Cien ega) located in the same regional volcanic belt as Amalia are known to
have mineralization occurring over large vertical intervals between 600 and 750m, hosted within the
Lower Andesite volcanics. To date drilling has tested a very limited part of the system (less than 150m
below surface) and it is intended to follow the high- grade mineralization along strike and to depth with in
the Lower Andesite volcanics with further drilling.
During January and February 2019, Radius completed access agreements with the landowners at Amalia
to allow for a second drilling program. The Company has prepared and submitted a new environmental
permit with 52 proposed drill pad locations . SEMARNAT, the permitting authority in Chihuahua , has
indicated approval should be complete in less than one month. Radius has constructed a new and
permanent camp and is anticipating drill mobilization to the project in approximately one month. Pan
American Silver is currently earning into 65% of the pr oject and the current work programs are fully
funded by Pan American. Radius Gold remains the operator of the project.
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Figure 1. Amalia project, San Pedro target long section.
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.
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
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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 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 financ ial 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 geolo gy, 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 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 anticipated in such statements. Accordingly, investors should not place undue reliance on
forward-looking statements.