Radius Gold reports additional high grade sampling from Amalia Project, Mexico
news release
December 18, 2017
Radius Gold reports additional high grade sampling from Amalia
Project, Mexico
Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to provide an update on exploration in
Mexico and reports new high grade channel sampling results from the Amalia Project located in the State
of Chihuahua, Mexico. Radius exploration teams have been systematically advancing Amalia to drill
ready stage, including the submission of applications for drilling to the regional authorities. Additionally,
teams have been prospecting the Tarros property and new regional targets in Mexico. In total Radius
geologists have collected an additional 315 rock and 195 soil samples in the last three months.
Amalia Project
The Amalia Project is located 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua
and hosts high grade epithermal silver -gold mineralization. The Project is previously unexplored, with
only minor historic a rtisanal-scale mining of surface outcrop known. Epithermal Au-Ag mineralization
has been sampled by Radius in several veins, vein breccias and disseminated zones over 3.5km of strike
length and a 600m vertical interval following the trace of a large regional fault zone (see press release
dated September 19, 2017).
During the past several months, Radius geologists have focused exploration efforts on defining drill
targets within the central area covering the Campamento and Guadalupe targets at Amalia over strike
length of approximately 1km and vertical interval of 250m . A new discovery located between
Campamento and Guadalupe, called San Pedro, returned 13m at 2.51 g/t Au and 164 g/t Ag in a
continuous chip (10 samples) across the discovery outcrop. New sampling 50 m vertically above and
along strike from Guadalupe returned 8m at 0.21 g/t Au and 264 g/t Ag (8 samples).
Amalia Exploration Summary
Radius has now defined a central corridor of mineralization, along the N W trending major structural
break. In the north at Campamento, a 500m x 70m zone of intense silicification, and brecciation with
massive and stockwork veining has been mapped at the contact between the upper rhyolite and lower
andesite volcanic sequence. The previously announced main mineralized interval at Campamento graded
62m at 0.43 g/t Au and 98 g/t A g, including 30m at 0.58 g/t Au and 151 g/t Ag . The mineralization is
hosted in high level white chalcedonic banded veins and breccias. Southeast along the fault system and
vertically down in the system the mineralization transitions from Campamento style rhyolite hosted
chalcedonic silica veins, to andesite hosted sulphide rich fault breccias observed at San Pedro and
Guadalupe, where the mineralization is narrower and higher grade as shown at San Pedro 300m south and
175m lower with 13m at 2.51 g/t Au and 164 g/t Ag. A further 100m southeast and 100m lower ,
Guadalupe sampling includes the previously published results:
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Guadalupe shaft: 7m at 3.62 g/t Au and 1048 g/t Ag
including: 4m at 6.04 g/t Au and 1702 g/t Ag
Guadalupe tunnel cross-cut: 7m at 2.4 g/t Au and 188 g/t Ag
Guadalupe tunnel 10m above cross-cut: 4m at 3.92 g/t Au and 888 g/t Ag
Geologically similar gold-silver epithermal deposits of the Sierra Madre belt have mineralization defined
over a vertical interval of 600 to 700m, and the transition from upper rhyolite hosted mineralization into
higher grade a ndesite host at depth is commonly observed. Radius geologists believe that the system is
preserved at Amalia and along the controlling regional fault system mineralization occurs over a 600m
vertical interval. Radius plans to target high grade mineralization at depth below the Campamento silica
zone and at the Guadalupe and San Pedro t argets. Drill permitting documentation has been submitted to
the regional authorities and exploration is on- going at other targets along the Amalia fault system. New
maps and photos of the Amalia Project will be available on the Company’s website.
Corporate Update
Radius also announces that Bruce Smith has stepped down as a director of the Company, in order that he
may direct his efforts towards his newly appointed position as director and President of Rackla Metals
Inc. We thank Bruce for his contributions to the Radius Board.
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 programs and prepared and approved the technical
information contained in this news release.
Sampling followed a standardized protocol to ensure representative and unbiased quantities of material
from across each sample. Chip samples were taken using hammer and chisel continuously along the
walls of the underground mines and cleaned surface outcr ops. Nominally widths were between 1 and 2
meters. Continuous chip samples were taken across strike and are the best estimate of true width.
The Company utilizes industry-standard QA/QC program. Rock samples were prepared and analyzed at
ALS laboratories in Mexico and Canada. Blanks and certified reference standards are inserted into the
sample stream to monitor laboratory performance and the results have been within acceptable limits.
About Radius
Radius has been exploring for gold in the Americas for over a decade. The Company has a strong
treasury and is looking for investment and project acquisition opportunities across the globe. Please call
toll free 1-888-627-9378 or visit our web site (www.radiusgold.com) for more information.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
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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 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 Company’s exploration plans for
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 t he 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 achievem ents expressed or implied by forward- looking statements. Such uncertainties and factors
include, among others, the Company’s plans for exploring 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 depos its; 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 Company’s exploration activities at the Amalia 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 prope rties; 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, investor s should not place undue reliance on
forward-looking statements.