VanEck Vectors Global Alternative Energy ETF

Published : April 07th, 2008

Provides an Exploration Update

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
======================================================================
Radius Gold Provides an Exploration Update
======================================================================

Vancouver, Canada: David Cass, Vice-President of Exploration, for
Radius Gold Inc. (TSX-V: RDU) is pleased to provide a brief update of
recent progress on the Company's exploration programs in Nicaragua,
Mexico, and Peru. Further details on all projects can be found on the
Radius Gold website at www.radiusgold.com.

Radius has field crews on the ground in three countries: Nicaragua,
Peru and Mexico. The Company intends to carry out preliminary drill
testing of several of its Nicaraguan projects, including Trebol, in the
coming months.

Nicaragua

Trebol
Management is pleased to report that work is underway again at Trebol
following a long delay due to the damage in the area caused by
Hurricane Felix in September of 2007. Epithermal gold mineralization at
Trebol is associated with dipping zones of quartz veinlet stockworks,
massive to sugary fine-grained silica, quartz veins and breccias hosted
in altered volcanic rocks, with comb-textured amethyst appearing as a
late phase infilling vugs.

Seventeen trenches have now been completed over a series of low-lying
silicified ridges that define an altered and mineralized zone with a
strike extent of at least 6 kilometers. Assay results from Trenches 14,
15, 16 and 17 have recently been received:

- Trench 14 -- 22m at 0.57 g/t Au, including 6m at 1 g/t Au

- Trench 15 -- 33.8m at 3.4 g/t Au, including 15m at 6.1 g/t Au

- Trench 16 -- 13m at 0.19 g/t Au

- Trench 17 -- 20m at 0.87 g/t Au

Trench 14 is located approximately 360m NE of Trench 4 which previously
reported 35.2m at 4.9 g/t Au, including 17.6 g/t Au over 8.35m. Trench
15 is located 145m south-southwest of Trench 2 which previously
reported 10.4m at 1.3 g/t Au. Trench 16 is roughly 190m southwest of
Trench 4 and 510m east-northeast of Trench 3 which averaged 30m at 1
g/t Au. Trench 17 is located 190 east of Trench 14. An up-to-date
trench location map can be found on the Radius website
www.radiusgold.com.

These new results appear to confirm the observation that gold grades
are generally consistent within each trench but average values vary
from trench to trench over the strike length of the zone. The trenches
dug to date range from 6 to 35.25m in length and are widely spaced.
Trench locations are determined largely by the presence of quartz float
and rare surface outcrop. All trenches generally start and end in
altered and mineralized rock. The extent and genesis of the mineralized
system is as yet unknown.

A detailed soil geochemical survey is underway and existing trenches
are being extended to better define the surface widths of
mineralization and the controls and distribution of the higher grade
mineralized zones across each section. The geology of Trebol and the
controls on distribution of mineralization remain poorly understood due
to thick vegetation cover.

Estrella de Oro
An exploration team is also working at the Estrella de Oro property,
located 17km west of Siuna, near the historical Bonanza District in
north-central Nicaragua, completing trenching and soil geochemical
surveys.

Radius' concession at Estrella de Oro comprises 46,000 hectares and
covers an historic gold mining operation. Nine trenches have been
excavated along Cerro Estrella ridge to date (results from the first 4
trenches were reported in Radius' press release 28 February 2008.)
Highlights of additional trenching include 1.5 m @ 5.3 g/t Au from
Trench 10, located in-between Trench 2 and Trench 3.

The work is helping define the strike extent of a series of parallel,
gold-bearing quartz veins/shoots which appear to be complicated by
local faulting. Thick colluvial fill was also encountered in several
trenches. An up-to-date trench location map can be found on the
Estrella de Oro project page on the Radius website www.radiusgold.com

La India Norte
This property is located in the north-eastern part of the historic La
India gold mining district, approximately 120 km north of Managua.
Initial trench sampling returned low to moderate grade gold results
over significant widths. Radius' exploration model suggests that
significant potential for gold-bearing epithermal veins may exist at
deeper levels. Targets include high-grade veins vertically below
stockwork zones similar to those mined at lower elevations in the La
India Camp, and near-surface bulk-tonnage stockwork mineralization.

Radius is actively looking for a joint venture partner to advance this
property. However it is likely that Radius will drill test this
property within the coming months in the event that a partner cannot be
found.

Mexico

Tlacolula Property, Oaxaca
The 100%-owned Tlacolula Property is located 14km east-southeast of the
city of Oaxaca, some 16km west of Linear Metal's Cobre Grande
Cu-Mo-Zn-Ag skarn project and 30km northeast of the Fortuna Silver
Mines' San Jose project. Previous sampling of stream sections and road
cuts showed significant intervals of low-grade silver mineralization,
including 21.5m at 130.8 g/t Ag. A total of 12 trenches have been
excavated across a 670m strike length of calcite veining and argillic
alteration. Results are pending. Checking of surrounding Aster
alteration anomalies has identified areas of opaline silica, possibly
indicating a very high level of preservation to the epithermal system
at Tlacolula.

Oaxaca and Chiapas Regional
A regional structural and remote sensing interpretation was recently
completed by an independent consultant. Regional exploration and ground
acquisition is underway on favorable targets identified by the remote
sensing work. Claims totaling 37,000 hectares are currently in
application over areas where anomalous gold values (up to 825ppb Au)
were received from stream sediment sampling.

Peru

Artemisas
The Artemisas property is an early-stage sediment hosted gold property
located in the District of Chuquibambilla, Department of Apurimac, some
1,000km southeast of Lima, at an altitude of 4,700m. The project
consists of 4 contiguous exploration concessions totaling 3,300
hectares. Gold mineralization is hosted within a sequence of Jurassic
and Cretaceous-aged sediments. Hydrothermal breccias are developed as
bedding-parallel mantos and along steeply dipping fault zones. Surface
channel samples gave values from trace to 11.6 g/t Au over 2m.

An option and joint venture agreement was signed with Kingsgate
Consolidated Ltd. in January 2008. Under the terms, Radius can earn up
to 70% in the project by spending $2 million in exploration over a
period of 3 years, with 50% of costs to be expended on drilling. Once
Radius has vested its 70% interest, a joint venture will be formed
where both parties fund their share of exploration on a pro-rata basis.
If either party dilutes to less than a 10% interest, it will be
converted into a 1% Net Smelter Royalty.

An additional 2,600 hectares has been staked covering similar
prospective geology in adjacent ground.

Radius is currently in active consultation with the local communities
in order to gain permission to access the property and begin the work
program, which will comprise geological mapping and sampling, followed
by drilling of best targets.

Peru Regional
Elsewhere in Peru, Radius is undertaking regional target generation and
evaluation of projects and opportunities.

Assay Protocol & Qualified Person
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, with gravimetric finish. Check assays are
undertaken at Acme Laboratories in Vancouver. Radius carries out its
own Quality Assurance / Quality Control protocol that involves the
regular insertion of certified standards, blanks and field duplicates
into the sample stream.

The scientific and technical information in this release was prepared
under the supervision of Mr. David Cass, Radius's Vice-President of
Exploration, who is a member of the Association of Professional
Engineers and Geoscientists of British Columbia, and a "Qualified
Person in accordance with National Instrument 43- 101.

About Radius
Radius Gold is a well-funded, Canadian junior gold explorer with a
portfolio of exploration properties in Mexico, Nicaragua, Guatemala,
Ecuador and Peru. The Company's strategy is to build value for
shareholders by the identification, acquisition and exploration of
early-stage properties that show significant potential for the
discovery of gold.

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 / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.5-million

======================================================================
Copyright (c) 2008 RADIUS GOLD INC. (RDU) All rights reserved. For
more information visit our website at http://www.radiusgold.com/ or
send mailto:news@goldgroup.com
======================================================================
.
Data and Statistics for these countries : Canada | Ecuador | Guatemala | Honduras | India | Mexico | Nicaragua | Peru | All
Gold and Silver Prices for these countries : Canada | Ecuador | Guatemala | Honduras | India | Mexico | Nicaragua | Peru | 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 4.0 millions as of today (US$ 3.0 millions, € 2.7 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)
0.085-10.53%0.133-2.21%
TSX-V
CA$ 0.085
09/20 16:53 -0.010
-10.53%
Prev close Open
0.095 0.090
Low High
0.085 0.090
Year l/h YTD var.
0.060 -  0.155 -39.29%
52 week l/h 52 week var.
0.060 -  0.270 -68.52%
Volume 1 month var.
88,061 30.77%
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
2024-39.29%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
 
 
error

 

 

THE REQUESTED URL IS UNCORRECT

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 !