Radius Gold samples bonanza grade gold and silver at Amalia Project, Mexico
news release
September 19, 2017
Radius Gold samples bonanza grade gold and silver at Amalia Project,
Mexico
Vancouver, Canada: Radius Gold Inc. (TSX -V: RDU) is pleased to announce new high grade
channel sampling results from its recently optioned Amalia Project located in the State of
Chihuahua, Mexico (see company news release dated 22 June 2017) . Initial exploration results
have been received from 272 surface and underground rock chip samples, including the
following highlights from continuous chip sampling:
• 4m at 6.04 g/t Au and 1702 g/t Ag from Guadalupe Target
• 30m at 0.58 g/t Au and 151 g/t Ag from Campamento Target
• 1.5m at 114 g/t Au and 57 g/t Ag from Dulces Target
The Amalia Project is located 25 km SW of the historic Guadalupe y Calvo mi ning district in
Chihuahua and hosts high grade epithermal silver -gold mineralization. The Project is
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. After optioning the 380ha project in June 2017, Radius staked an
additional 10,000 hectares surrounding the Amalia Project, covering 3 new regional target areas.
Radius established a 10 man camp at Amalia and completed an initial exploration program
comprising geological mapping, prospecting and channel sampling of the main targets.
Campamento Target
At the main target area, known as Campamento , a 150m by 300m zone of intense silicif ication,
and brecciation with massive and stockwork veining has been mapped at the contact between the
upper Rhyolite and lower Andesite volcanic sequence. The zone strikes roughly 350/70E.
-2-
101 continuous chip channel samples between 1 m and 2m wide were sampled across the middle
of the Campamento zone, as outcrop allowed, representing the full estimated width of the zone at
148m. The weighted average of all 101 samples was 0.20 g/t Au and 49 g/t Ag. The main
mineralized interval graded:
62m at 0.43 g/t Au and 98 g/t Ag
including: 30m at 0.58 g/t Au and 151 g/t Ag
A second 14m wide continuous chip sample ( open to expansion) located 60m north of the main
sample line, near a historic tunnel graded:
14m at 1.47 g/t Au and 167 g/t Ag
including: 7m at 2.37 g/t Au and 239 g/t Ag
Guadalupe Target
Located 700m SE of Campamento, and 250m vertically below, the Guadalupe target includes a
historic tunnel and shaft which expose a high -grade quartz sulphide vein breccia , hosted in
andesite volcanics . Radius geologists collected 3 continuous chip samples within the historic
workings where the main vein is well exposed. The results include:
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
The sampling at Guadalupe shows consistent high grade over a vertical interval of approximately
60m, from the upper shaft to lower tunnel. The area around Guadalupe is steep and bush
covered with limited outcrop, hence the extent of the mineralized zone is not yet known. Radius
plans a soil sampling program in the area to identify extensions of the Guadalupe zone.
Dulces Target
Located 800m NE of Campamento, at roughly similar elevation, the Dulces vein is exposed in an
historic underground tunnel within an extensive area of argillic altered andesite volcanics. The
vein varies from 1 to 1.5m and chip samples of the vein within the short 15m tunnel returned:
AM377: 1m at 34 g/t Au and 13 g/t Ag
AM378: 1m at 20.3 g/t Au and 44 g/t Ag
AM379: 1.5m at 114.5 g/t Au and 57 g/t Ag
Radius is currently negotiating access with the landowner for a trenching and sampling program
at Dulces.
-3-
Discussion
With Au-Ag mineralization occurring over a vertical interval of 600m at multiple targets over
3.5km strike length, Radius believes there is excellent potential for a significant discovery at
Amalia. This initial program has returned encouraging high-grade results. The silica at the main
Campamento target is high level with chalcedonic banded and colloform textures and typically
low in sulphides. This contrasts with the Guadalupe area located 700m southeast of
Campamento and vertically 250m below, where bonanza grade mineralization up to 16.4 g/t Au
and 5180 g/t Ag ( 1m sample) is hosted in sulphide rich veins and breccias . This transition from
the rhyolite hosted high level chalcedonic veins to high grade sulphide rich veins within the
lower andesites is observed at several of the major deposits of the Sierra Madre gold belt.
Radius is currently advancing drill permitting and intends to target wide high grade
mineralization within the predicted sulphide zone at depth (200 to 250m) below Campamento.
New maps and photos of the Amalia Project will be available on the Company’s website.
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 visited the Amalia P roject, participated in the reported programs and
prepared and approved the technical information contained in this news release.
Sampling at Amalia 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 outcrops.
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 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
-4-
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 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 ac hieved 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 dif ferent from any results,
performance or achievements 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 t he 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 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 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 fro m those anticipated in such statements. Accordingly, investors should not place undue reliance on
forward-looking statements.