Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU): Radius is pleased to
report that its joint venture partner in Nicaragua, B2Gold Corp.
("B2Gold"), has completed an extensive trenching program at the Trebol gold project in northeast Nicaragua, and is
preparing for a diamond drill program, to commence late 2010 or in January
2011.
Highlights of the trenching program include:
Trench
|
From
|
To
|
Interval
|
Au
g/t
|
Cerro
Domingo West
|
|
|
|
|
TR-TREB-03NW
|
2
|
90.0
|
88.0
|
2.04
|
TR-TREB-15
|
0
|
33.8
|
33.8
|
3.37
|
TR-TREB-21
|
0
|
17.1
|
17.1
|
6.08
|
Cerro
Domingo East
|
|
|
|
|
TR-TREB-34S
|
17.5
|
73.5
|
56
|
1.14
|
Paola
Zone North
|
|
|
|
|
TR-TREB-32
|
0
|
17.0
|
17.0
|
0.89
|
and
|
28
|
50.0
|
22.0
|
1.88
|
Paola
Zone South
|
|
|
|
|
TR-TREB-76
|
0
|
36.0
|
36.0
|
2.95
|
TR-TREB-81
|
0
|
27.5
|
27.5
|
1.84
|
Trebol North
|
|
|
|
|
TR-TREB-24
|
17.8
|
51.0
|
33.3
|
3.33
|
In addition to the original Cerro Domingo target partially drill tested by
Radius in 2008, B2Gold has identified three new drill targets located along
the 6km long northeast trending corridor of mineralized volcanic rock. The
targets are comprised of thick tabular zones of low sulfidation
epithermal vein, hydrothermal breccia, and
replaced volcanic horizons within a Tertiary volcanic sequence. These zones
show good grade continuity for hundreds of meters of strike length. The
three principal areas are Cerro Domingo, the Paola Zone, and Trebol North.
Two prospective areas have been outlined by trenching at Cerro Domingo. The
first is defined by the previous drilling and trenching as well as the new
trenching. This zone extends for at least 400m along strike and has been
intercepted in the drilling at depths of as much as 200m down dip. The true
thickness of the mineralization is not yet defined.
Cerro Domingo West Trenching
Trench
|
From
|
To
|
Interval
|
Au
g/t
|
TR-TREB-01
|
11
|
13.5
|
2.5
|
0.69
|
TR-TREB-02
|
0
|
10.42
|
10.42
|
1.34
|
TR-TREB-03NW
|
2
|
90
|
88
|
2.04
|
TR-TREB-03SE
|
8.25
|
31.25
|
23
|
1.31
|
TR-TREB-15
|
0
|
33.8
|
33.8
|
3.37
|
TR-TREB-21
|
0
|
17.1
|
17.1
|
6.08
|
TR-TREB-42
|
34
|
39
|
5
|
0.72
|
TR-TREB-49
|
8
|
33
|
25
|
1.51
|
Drilling done by Radius in 2008 at Cerro Domingo (see Radius news releases
dated August 7 and September 12, 2008) confirmed the existence of the
tabular mineralization in several drill holes.
Cerro Domingo Drilling (Radius 2008)
Drill Hole
|
From
|
To
|
Interval
|
Au g/t
|
TRDH-08-01
|
12.19
|
35.3
|
23.11
|
1.51
|
TRDH-08-02
|
36.57
|
50.29
|
13.72
|
0.71
|
TRDH-08-03
|
59.44
|
89.42
|
25.38
|
0.44
|
TRDH-08-04
|
3.30
|
24.38
|
21.08
|
1.44
|
TRDH-08-05
|
6.09
|
25.9
|
19.81
|
2.92
|
including
|
16.76
|
23.2
|
6.44
|
6.37
|
TRDH-08-08
|
57.60
|
108.1
|
50.5
|
0.61
|
including
|
68.08
|
69.0
|
0.92
|
11.21
|
The second zone covers an area of over 350 meters along strike. This area
has not been drilled. The two Cerro Domingo zones are separated by an east
northeast trending mineralized fault zone that is as yet, poorly defined.
Cerro Domingo East Trenching
Trench
|
From
|
To
|
Interval
|
Au
g/t
|
TR-TREB-17
|
0.0
|
21.0
|
21.0
|
0.86
|
TR-TREB-34S
|
17.5
|
73.5
|
56.0
|
1.14
|
TR-TREB-34N
|
3.0
|
18.0
|
15.0
|
0.73
|
TR-TREB-50
|
2.0
|
33.0
|
31.0
|
0.68
|
TR-TREB-56
|
19.2
|
27.9
|
8.7
|
0.76
|
The Paola Zone is located approximately 2.5 km northeast along strike from
Cerro Domingo and the intervening volcanic sequence between these zones
contains numerous smaller occurrences of mineralized rock. The two
principal areas within the Paola Zone are also located at major structural
intersections along the main Trebol northeast
trend with northwest trending crossing structures. One of these areas
contains several strongly mineralized horizons inter layered with lower
grade stockwork style gold mineralization in andesite. The mineralization at the Paola Zone is
similar in aspect to the tabular zones at Cerro Domingo. The Paola North
Zone is exposed over an area of about 200m by 400m. The Paola South zone
lies 350m to the southeast and has at least 600m of strike length defined
thus far. Most of the trenches in this zone end in mineralization to the
west where mineralization goes under cover.
Paola Zone North Trenching
Trench
|
From
|
To
|
Interval
|
Au
g/t
|
TR-TREB-06
|
0.0
|
10.0
|
10.0
|
0.93
|
TR-TREB-08
|
9.8
|
11.65
|
1.85
|
3.54
|
TR-TREB-32
|
0.0
|
17.0
|
17.0
|
0.89
|
and
|
28.0
|
50.0
|
22.0
|
1.88
|
TR-TREB-53
|
22.0
|
28.0
|
6.0
|
0.78
|
and
|
31.0
|
34.0
|
3.0
|
0.93
|
and
|
35.0
|
42.5
|
7.5
|
0.83
|
TR-TREB-72
|
3.8
|
8.8
|
5.0
|
1.36
|
Paola Zone South Trenching
Trench
|
From
|
To
|
Interval
|
Au
g/t
|
TR-TREB-13
|
2.0
|
4.0
|
2.0
|
4.24
|
TR-TREB-61
|
3.5
|
15.9
|
12.4
|
1.11
|
and
|
20.0
|
28.5
|
8.5
|
2.18
|
TR-TREB-76
|
0.0
|
36.0
|
36.0
|
2.95
|
and
|
40.0
|
44.0
|
4.0
|
2.18
|
TR-TREB-81
|
0.0
|
27.5
|
27.5
|
1.84
|
The Trebol North Zone is located another 1.7 km
to the northeast of Paola, and appears to be another tabular zone in andesite. Exposure is poor at Trebol
North. Trebol North and the Paola Zones have not
been drill tested.
Trebol North
Trench
|
From
|
To
|
Interval
|
Au
g/t
|
TR-TREB-24
|
17.75
|
51.0
|
33.25
|
3.33
|
TR-TREB-25
|
2.3
|
6.37
|
4.07
|
0.87
|
TR-TREB-62
|
15.0
|
24.0
|
9.0
|
0.87
|
TR-TREB-82
|
9.6
|
12.75
|
3.15
|
0.51
|
and
|
14.55
|
16.15
|
1.6
|
0.58
|
and
|
19.6
|
21.1
|
1.5
|
0.75
|
The near surface shallow dipping mineralization at Trebol
is largely oxidized and therefore could be amenable to bulk tonnage
extraction techniques. The drilling campaign will be focused on three
objectives. The first is to confirm and define the near surface tabular
zones at Cerro Domingo while the second is to explore the new Paola and
North Trebol zones. The more important objective
is to identify the high grade feeder structures that produced the tabular
bodies. High grade gold values in vein and vein breccia
in excess of 86 g/t have been cut in the trenching and drilling which
suggests the existence of the feeder zones. A 5,000 metre
drilling program is scheduled to commence at Trebol
in late 2010.
Qualified Person & QA/QC
Roger Hulstein, a member of the Association of
Professional Engineers and Geoscientists of British Columbia and a
Qualified Person as defined by National Instrument 43-101, has verified
that the information reported in this press release is an accurate summary
of the information reported to Radius by B2Gold. Radius has not
independently verified B2Gold's results.
B2Gold's exploration programs are reviewed and the results approved by Tom Garagan, B2Gold's Qualified Person under National
Instrument 43-101. The programs utilize extensive QA/QC (quality assurance
and quality control) protocols for assaying and sample handling that consist
of the systematic insertion of blanks, standards and duplicates as well as
using a secondary laboratory for regular check assaying. Samples for Trebol are submitted with blanks and industry certified
standards inserted in the field and prior to reception at B2Gold's Limon
Mine prep lab. Pulps are then analyzed at ALS labs in Vancouver, Canada.
All results stated in this announcement have passed B2Gold's QA/QC
protocols.
About Radius
Radius has been exploring for gold in Latin America for nearly a decade,
and has assembled interests in a portfolio of promising gold projects
throughout the region, including carried stakes in two small-scale
developing gold projects in Guatemala and Nicaragua. Radius also has two
90% owned exploration plays, the HB property in Guatemala and the Sixty
Mile property in the Yukon Territory.
For further information on Radius and its properties, please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com).
ON BEHALF OF THE BOARD
"Ralph Rushton"
Ralph Rushton, Director
Investor relations: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 73.5-million
Forward-Looking
Statement
Some of the statements
in this news release contain forward-looking information that involves
inherent risk and uncertainty affecting the business of Radius Gold Inc.
Actual results may differ materially from those currently anticipated in
such statement.
Neither the TSX Venture
Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this release.
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