Radius Defines Anomalous Au-Hg-Sb-As-Tl in Soil/Stream Sediment Samples at Scarlet East Property, Rackla Belt, Yukon
Published : July 13, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Antimony | Canada | Gold | Guatemala | Lead | Nicaragua |

VANCOUVER, July 13, 2011 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to announce that recent work on its 100%-owned Scarlet East claim block in the Yukon has returned highly encouraging first-pass results with the discovery of anomalous Au-As-Hg-Sb-Thallium soil geochemistry in an area of orange-weathering, gossanous looking limestone

The Scarlet East property covers what is believed to be the eastern extension of the belt of rocks that host ATAC Resources' Osiris and Conrad discoveries northeast of Keno City in the Yukon Territory. The Rackla Belt is a potentially major belt of Carlin-type gold mineralization. Radius staked 320 claims covering the prospective stratigraphy along the southeast edge of ATAC's claim block, approximately 10-30km southeast of the Osiris target.

Partial results for the first pass reconnaissance geological mapping and geochemical sampling program from the Scarlet project have been received for 382 soil, 61 stream sediment and 21 rock samples. Ridge and spur soil sampling on the eastern end of Radius' Scarlet East claim block has identified a gold-arsenic-antimony-mercury-thallium anomaly coincident with a significant orange colour anomaly along a ridge, which coincides with the possible strike extension of the Nadaleen trend that bounds the Osiris and Conrad occurrences approximately 15km to the west-northwest. The anomalous samples are underlain by an orange-weathering silty limestone unit that lies on the north dipping limb and crest of a southeast trending anticline.

Results include a number of samples anomalous in gold-arsenic-antimony-mercury and thallium. Significantly three soil samples spaced 100m apart on a reconnaissance ridge and spur sample line contained between 19.6 ppb and 30.7 ppb Au, and these same samples and adjacent samples, within 100 m, contained up to 496.7ppm As, 23.43ppm Sb, 14,621ppb Hg and up to 4ppm Tl. A number of stream sediment samples from drainages downstream of the above area returned anomalous values up to 20.9ppm As, 1415ppb Hg, 1.51ppm Sb.  Gold and thallium values were less than 3ppb and 0.13ppm respectively. A rock grab sample from the orange silty limestone area described as a grey limestone with fine grained disseminated pyrite contained 2ppb Au and 1886.9ppm As.

These elements are considered pathfinders for Carlin type deposits. Management believes this is a significant start to the program in this belt.

A photograph of the ridge and gossanous-looking orange weathered limestone units has been posted on Radius' website at http://www.radiusgold.com/s/Racklabelt.asp.

Follow up work is being planned and will initially consist of grid-based soil sampling over the anomalous area, and mapping and prospecting. The final results from the initial program for Scarlet East, and all the results from the Scarlet West property are expected in the next 2 or 3 weeks.

According to ATAC, mineralization at their Osiris Target area shares many of the characteristics of Carlin-type gold deposits, including similar alteration assemblages and association with the low temperature arsenic sulphides, realgar and orpiment. Host rocks are two, 150 to 250 m thick limestone debris flow and turbidite units, referred to as the Osiris and Isis Horizons, which occur within basinal silty mudstones.

Laboratory

All samples were sent to Acme Analytical Laboratories Ltd. preparation facility in Whitehorse. The pulps and sieved samples were analyzed at Acme's laboratory in Vancouver. Gold in rock samples were determined by a 30 gram fire assay fusion - ICP-ES (code 3B01). An additional 36 elements were analyzed by ICP-MS using a 0.5 gram sample. Soil samples, dried and sieved to -80 mesh, were analyzed for a 37 element suite, including gold, by ICP-MS (code 1F05) using a 15 gram sample. Stream sediment samples, dried and sieved to -150 mesh, were analyzed for gold by lead collection fire assay using a 50 gram split code (3B01+3B04). An additional 30 gram split was analyzed for 53 elements, including gold, by aqua regia digestion and ultratrace ICP-MS analysis (code 1F03).

Chain of Custody

All sampling is conducted under the supervision of the Company's project geologist. Samples are tracked by the project geologist from the project site to the sample preparation facility and transported by Company personnel or expediters employed by the Company.

Qualified Person

Roger Hulstein, BSc, P.Geo., is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is the Company's Qualified Person as defined by National Instrument 43-101. Mr. Hulstein is responsible for the accuracy of the technical information in this news release.

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 a number of 100% owned exploration plays, including the HB property in Guatemala and several properties in the Rackla Belt and Sixty Mile placer gold district in the Yukon.

ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President & CEO

Investor relations:  Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.5-million

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 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.

For further information:

on Radius and its properties, please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).

Data and Statistics for these countries : Canada | Guatemala | Nicaragua | All
Gold and Silver Prices for these countries : Canada | Guatemala | Nicaragua | All

VanEck Vectors Global Alternative Energy ETF

DEVELOPMENT STAGE
CODE : RDU.V
ISIN : CA7504681007
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact 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 5.0 millions as of today (US$ 3.6 millions, € 3.3 millions).

Its stock quote reached its highest recent level on November 21, 2003 at 2.03, and its lowest recent point on December 05, 2008 at 0.04.

Radius Gold has 47 442 200 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Nominations of VanEck Vectors Global Alternative Energy ETF
5/8/2007Appoints New VP Exploration
Project news of VanEck Vectors Global Alternative Energy ETF
8/31/2012sells Interest in Guatemala Gold Property
8/14/2012Radius Gold closes sale of Nicaraguan Projects to B2Gold
5/9/2011(Banderas)Provides Update on Eastern Guatemala Gold/Silver District
3/19/2008(San Pedro) Options Its San Pedro Gold Project to Vannessa Ventures
2/28/2008(Estrella De Oro) Provides an Update on its Nicaragua Exploration Programs
2/11/2008(Tambor)Metallurgical Tests on Tambor Sample Achieve Gold Recoveries...
10/22/2007(Tambor)Tambor Exploration Adit Returns Additional Intercept of 65.6...
9/6/2007(Tambor)Tambor Exploration Adit Returns 74.5g/t Gold over 3.4m
7/18/2007Exploration Adit at Radius's Tambor Gold Project Intersects ...
3/27/2007(Tambor)Begins Underground Exploration at Tambor
Corporate news of VanEck Vectors Global Alternative Energy ETF
6/14/2016Radius Gold Provides Property and Investments Update
5/11/2016Radius Gold Comments on Media Reports of Temporary Suspensio...
4/28/2016Radius Gold Announces Intention to Terminate SEC Reporting O...
2/1/2016Radius Gold Provides Update on Operations
4/23/2015Obtains Shareholder Approval of Proposed Change of Business
4/16/2015Focus Completes Sale of Royalty on Bayovar 12 Phosphate Proj...
4/16/2015Radius Completes Purchase of Royalty on Bayovar 12 Phosphate...
3/26/2015Early Warning Report
3/10/2015Focus Accelerates Purchase of 70% of JPQ, Owners of Bayovar ...
3/10/2015Radius Gold Acquires Option on Margarita Silver Property, Me...
2/25/2015Radius Gold provides update on proposed Change of Business
1/7/2015Radius Gold Proposes Change of Business to Investment Issuer
1/7/2015IIROC Trading Halt - RDU
11/6/2014Early Warning Report
9/2/2014Radius Commences Drilling at Blue Hill Gold Project, Idaho
7/14/2014Radius Options Blue Hill Gold Project, Idaho From Otis Gold ...
10/8/2013Begins Drilling at Santa Brigida Silver-Gold Project, Mexico
5/24/2012Extends Warrants
12/3/2011Radius Gold Announces Shareholder Approval for Spin-Out
7/13/2011Defines Anomalous Au-Hg-Sb-As-Tl in Soil/Stream Sediment Sam...
7/7/2011Completes $3.66 Million Private Placement
6/6/2011Drilling has commenced at Radius' Sixty Mile Project, Yukon ...
5/27/2011Plans Spin Out of Yukon Assets
5/16/2011Samples 58.26 g/t Au and 1,937 g/t Ag over 5.1 m at Pino Zon...
4/12/2011Exploration Underway at Radius' Sixty Mile Project, Yukon Te...
11/1/2010Exercises Option on Sixty Mile Claims, Yukon
5/9/2008Starts Drilling in Nicaragua
4/7/2008 Provides an Exploration Update
11/14/2007 Acquires Sediment-Hosted Gold Project in Peru
10/17/2007Update on Nicaragua Exploration Programs
9/25/2007Commences Exploration at the Rubi gold - silver Property, Pe...
8/30/2007President, Simon Ridgway, Interviewed by WallSt.net
8/28/2007signs option to acquire the Rubi gold - silver property, Per...
5/29/2007announces initial sampling results from its Trébol property,...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RDU.V)FRANKFURT (RUG.F)
0.105+5.00%0.133-2.21%
TSX-V
CA$ 0.105
10/10 16:58 -
5%
Prev close Open
0.100 0.110
Low High
0.105 0.110
Year l/h YTD var.
0.060 -  0.155 -25.00%
52 week l/h 52 week var.
0.060 -  0.210 -47.50%
Volume 1 month var.
8,500 23.53%
24hGold TrendPower© : 31
Produces
Develops Gold
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-25.00%0.200.06
2023-26.32%0.280.10
2022-47.95%0.400.16
202115.87%0.380.20
202026.00%0.380.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.24+0.76%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.87+1.75%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.57-4.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.13-1.84%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 14.45+2.05%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.31+3.33%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20-2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.11+2.43%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.86+2.14%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
VanEck Vectors Global Alternative Energy ETF profile | VanEck Vectors Global Alternative Energy ETF news | VanEck Vectors Global Alternative Energy ETF market Indicators | VanEck Vectors Global Alternative Energy ETF projects and resources | VanEck Vectors Global Alternative Energy ETF valuation | Go to VanEck Vectors Global Alternative Energy ETF properties | VanEck Vectors Global Alternative Energy ETF corporate presentation | VanEck Vectors Global Alternative Energy ETF annual report | VanEck Vectors Global Alternative Energy ETF management | VanEck Vectors Global Alternative Energy ETF interactive charts | VanEck Vectors Global Alternative Energy ETF free charts | VanEck Vectors Global Alternative Energy ETF TSX-V | VanEck Vectors Global Alternative Energy ETF FRANKFURT | VanEck Vectors Global Alternative Energy ETF OTC BB
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.