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Radius announces initial sampling results from its Tr�bol
property, Nicaragua
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Simon Ridgway, President of Radius Gold Inc. (TSX-V: RDU) is pleased to
provide an update on recent work on a new gold discovery in northeast
Nicaragua. Recent stream sediment and reconnaissance rock sampling
within the Region Autonoma Atlantico Norte (RAAN) in northeastern
Nicaragua identified vein float, and notable amounts of free, visible
gold in stream sediment and quartz float in two areas. An application
for two new exploration concessions, the Santo Domingo and La Ampola
concessions, was successful and the concessions were recently granted
to Radius. The area covers at least two new epithermal vein systems
exposed on a series of low-lying ridges. A map showing the location of
the Santo Domingo property can be found on the Radius website at
www.radiusgold.com.
At Tr�bol, a gold-bearing epithermal system comprising 3 individual
vein trends was mapped over a distance of 2 km. The veins are of
typical low-sulphidation affinity and comprise banded quartz breccias
and stockworks, with visible gold noted at some locations. Trenches
were excavated at four locations over a strike length of 1.2 km, and
the limits of the mineralized system are still unknown. The prominent
low ridges that appear to define the mineralized bodies continue along
trend for several kilometers and have yet to be prospected.
Trench Number Sampled Interval Weighted Average Au g/t
TRSD-01 13.5 0.24
TRSD-02 10.4 1.34
TRSD-03 18.0 1.46
TRSD-04* 10.5 9.1
* includes 0.75m @ 13.1 g/t Au and 0.75m @ 66.2 g/t Au with abundant
visible gold observed
Trenches TRSD-01 to -03 are located in a broad, well developed
stockwork zone whereas trench TRS-04, topographically lower, exposes a
quartz/adularia banded vein with abundant visible gold associated with
manganese and iron oxides.
The Company is highly encouraged by the results of this initial
broad-based sampling and believes that the property has the potential
to host a major epithermal vein system with significant strike extent.
This prospect is located in a remote region of northern Nicaragua where
environmental and social issues must be considered at every stage of
the development. Radius's exploration team is therefore establishing an
exploration camp and will work closely with the local communities at
each step of the exploration program to ensure broad community support
for the work. Further geological work is planned -including mapping,
prospecting and excavating of more trenches- in order to define the
size of the mineralized system.
Work is also underway on another epithermal system exposed on the
Ampola concession, also in northeast Nicaragua, and will be reported at
a later date. Several other applications in this region are pending.
Assay Protocol & Qualified Person
All sample preparation and analyses were conducted by CAS Laboratories
in Tegucigalpa, Honduras. Samples were analyzed for Au, using a 30 gram
pulp with Fire Assay, AA finish.
The information in this release was prepared under the supervision of
Mr. Gregory Smith, a member of the Association of Professional
Engineers and Geoscientists of British Columbia, and a "Qualified
Person" in accordance with National Instrument 43-101.
For further information on Radius Gold Inc., please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com).
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President
Investor relations: Ralph Rushton
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.3-million
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Copyright (c) 2007 RADIUS GOLD INC. (RDU) All rights reserved. For
more information visit our website at http://www.radiusgold.com/ or
send mailto:info@radiusgold.com
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