Radius Gold restarts drilling at Amalia high grade gold silver discovery
news release
April 11, 2019
Radius Gold restarts drilling at Amalia high grade gold silver discovery
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased to announce that drilling has
commenced at Radius’s high -grade gold -silver Amalia Project located in Chihuahua, Mexico.
The drill program is op erated by Radius and funded by Pan American Silver, under a joint
venture agreement. Radius plans to follow -up on exceptional high grade results from drilling
last year ( see news release December 4 th 2018). Radius’s initial nine-hole drill program at
Amalia intersected high-grade mineralization in the San Pedro structural zone with the last and
deepest hole (AMD 18-009) intersect ing 26m at 7.08g/t Au and 5 17 g/t Ag , including 5m at
14.71 g/t Au and 1378 g/t Ag.
Five of the nine drill holes (AMD18 -001, 003, 007, 008, 009) tested the San Pedro structural
zone, all intersecting gold and silver mineralization along a 650m strike length. The holes all cut
mineralization within less than 100m of the surface outcrops of banded chalcedonic high level
silica and within Upper Rhyolite super group volcanics. The high-grade hole AMD18-009 cut the
target at the fault contact between the preferred host Lower Andesite volcanic s and Upper
Rhyolites. Similar style major epithermal mines of the northern Sierra Madre (e.g. Palmerejo,
Pinos Altos, La Cienga) are known to have mineralization hosted within the Lower volcanic units
and occurring over large vertical intervals between 600 and 750m. As these deposits are
located in the same regional volcanic belt as Amalia, the initial drill results at Amalia indicate
the potential for a significant discovery with further drilling. To dat e drilling has tested only a
limited part of the system , 100m or less below surface. The current program is planned for at
least 2000m of drilling and is intended to test immediately below and on strike of the high
grade mineralization at San Pedro.
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 approv ed the technical information contained in this news
release.
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Quality Assurance and Quality Control
Radius follows industry standard QA/QC procedures. Rock chip samples are delivered to the
ALS Geochemistry laboratory facilities in Chihuahua, Mexico. The samples are fire assayed for
Au and are analyzed for Ag and multi -elements using method code ME -ICP61 following a four -
acid digestion. Overlimits are analyzed using an appropriate method. Radius routinely inserts
multi-element geochemical standards and blanks into the sample stream to monitor laboratory
performance. Quality control samples submitted to ALS were returned within acceptable limits.
About Radius
Radius has been exploring for gold in Latin America 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
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 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.
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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 financial mar kets; 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 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 a nticipated in such statements. Accordingly, investors should not place undue reliance
on forward-looking statements.