| | Published : November 14th, 2018 | completes initial drilling at the Amalia and Coyote Gold Projects |
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Suite 650 - 200 Burrard Street Vancouver, BC, Canada V6C 3L6 www.radiusgold.com |
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T: 604-801-5432 F: 604-662-8829 TF: 1-888-627-9378 |
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RDU:TSX.V |
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November 13, 2018
Radius Gold completes initial drilling at the Amalia and Coyote Gold Projects
Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce that the Company has completed initial drill testing at both the Amalia Gold-Silver Project in Mexico and at the Coyote Gold Project in Nevada.
Radius's high-grade gold-silver Amalia Project is located in Chihuahua, Mexico. A nine hole, 1909m Diamond drill program has been completed by Radius and funded by Pan American Silver under a joint venture agreement. Four different target zones (Campamento, Guadalupe, San Pedro and Dulces) were tested across a strike length of 1.8km following the trace of a large regional fault and associated surficial epithermal gold and silver mineralization. Mineralized intervals from each hole have been sampled and submitted for analysis. Results are pending and will be reported once complete.
Radius's Coyote hot spring epithermal gold project is located 35km north of Elko, Nevada. In a short, cost-effective program, Radius has drilled 977m in five reverse circulation drill holes to test for increased gold values at depth beneath brecciated surficial sinter deposits. Several zones of wide epithermal clay, silica and pyrite alteration were intersected in the drilling. Selected intervals have been sampled and submitted for assaying and results will be reported once analysis is complete.
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 approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located primarily in the United States and Mexico which it continues to advance, utilizing partnerships where appropriate in order to retain the Company's strong treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe.
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: info@goldgroup.com 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 at the Amalia Project and Coyote 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.
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 at the Amalia Project and Coyote 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 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 and Coyote 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 anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
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Radius Gold Inc.
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DEVELOPMENT STAGE |
CODE : RDU.V |
ISIN : CA7504681007 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Radius Gold is a gold exploration company based in Canada. Radius Gold holds various exploration projects in Guatemala, in Nicaragua and in Peru. Its main asset in development is TAMBOR in Guatemala and its main exploration properties are EL PAVON, TREBOL and LA PATRIOTA in Nicaragua, BANDERAS and HB in Guatemala, 60 MILE in Canada, TLACOLULA in Mexico and RUBI PROJECT in Peru. Radius Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 18.2 millions as of today (US$ 14.6 millions, € 12.7 millions). Its stock quote reached its highest recent level on November 21, 2003 at CA$ 2.03, and its lowest recent point on December 05, 2008 at CA$ 0.04. Radius Gold has 86 675 617 shares outstanding. |
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5/9/2008 | Starts Drilling in Nicaragua |
4/7/2008 | Provides an Exploration Update |
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8/30/2007 | President, Simon Ridgway, Interviewed by WallSt.net |
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