Radius Gold reports 4.57 meters @ 54.24 g/t gold & 3,925 g/t silver from drilling at Holly, Guatemala
news release
February 16, 2022
Radius Gold reports 4.57 meters @ 54.24 g/t gold & 3,925 g/t silver
from drilling at Holly, Guatemala
Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) (“Radius” or the “Company”) is pleased to
report results received from the Holly project in Guatemala, operated by joint venture partner, Volcanic
Gold Mines Inc.
Hole HDD-21-027 intersected 4.57 meters (or approx. 4.1m true width) returning over 54 g/t gold and
over 3.9 Kg/t silver. This hole cut the vein at the same depth in the system as hole HDD -21-23 that
intercepted 4.58m of 79.84 g/t gold and 5,053 g/t silver 150m to the south (see release 19 October 2021).
Drilling is ongoing again at Holly, focused on extending this high -grade system at depth and along strike
to the south with a goal of establishing a meaningful high -grade resource and improving confidence in
the trend of the vein structure. Several other veins in the area with similar orientation will be tested
during this present program.
Radius and Volcanic are very pleased the La Pena vein system continues to produce these exceptional
grades. As the sections below indicate, we are defining ounces quickly with high grade intercepts.
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Hole HDD-21-028 failed to intersect the La Pena structure but management b elieves it was not drilled to
sufficient depth. The hole will be re -entered within the present program to test this theory. Results are
still pending for hole HDD-21-026 as the shipment of core and rock samples that contained this hole was
caught up in delays discussed in previous news releases. Management is optimistic future turn around on
drill core will be within 45 days. A preparation lab is being set up in the region for surface rock and soil
samples.
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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 27 years of mineral exploration experi ence and has prepared and approved the technical
information contained in this news release.
Quality Assurance and Quality Control
Diamond drilling at Holly project followed industry standard procedures for core drilling and analysis.
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 deli vered to the internationally certified Bureau
Veritas Mineral laboratory facilities in Nicaragua where the samples are prepared. Assays are completed
by Bureau Veritas certified laboratories. The samples are fire assayed for Au and are analyzed for Ag and
multi-elements using method code ICP following a four-acid digestion. Overlimits are analyzed using an
appropriate method. Multi -element geochemical standards and blanks are routinely entered into the
drill core sample stream to monitor laboratory perf ormance. Quality control samples submitted were
returned within acceptable limits.
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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 additional investment and project acquisition opportunities
across the globe. Radius is a member of the Gold Group of companies, led by Simon Ridgway.
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
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, wi thout limitation, the results of exploration work and future plans at the
Company’s properties. 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, whether the planned exploration work at the Company’s properties 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, estimat ion 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 und er 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 fo rward-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 opinion s of
management, including but not limited to: that the exploration work at the Company’s properties will advance as
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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 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.