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Radius Gold Inc.
Summary
| Project: | Amalia | |
|---|---|---|
| Deposit: | Amalia | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-5-2019: Radius Gold Inc. announces an Exploration/Drilling Update report for its Amalia deposit at the Amalia project. Drilling results incl. 44.0m @ 12.38g/t Au, 309g/t Ag. Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce the fir | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Smith (Internal) | |
| ABSTRACT: | Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce the first results from the second round of its diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. The program is operated by Radius and funded by Pan American Silver under a joint venture agreement. The first hole of 2019, AMDD19-010, has intersected 44m grading 12.38 g/t Au and 309.3 g/t Ag including an 11m section grading 39.9 g/t Au and 323 g/t Ag. Estimated true width of the mineralized zone is 34m. Radius’s initial drill program at Amalia (see press release December 4th 2018) tested the San Pedro structural zone with 5 diamond drill holes, intercepting gold and silver mineralization in all 5 holes along a 650m strike length. Hole AMDD18-009, the deepest hole, intersected 26m at 7.08g/t Au and 517 g/t Ag, including 5m at 14.71 g/t Au and 1378 g/t Ag. Hole AMDD19-010 intersected the San Pedro structure approximately 65 meters down dip of the intercept in hole AMDD18-009 (see Figure 1 below). Mineralization observed in both 009 and 010 is hosted within an epithermal breccia and quartz sulphide stockwork vein zone located on or near to the contact between overlying Tertiary rhyolitic ignimbrites and the footwall andesite volcaniclastics of the Late Cretaceous Tarahumara Formation. Diorite dykes appear to be emplaced along the fault zone and are associated with mineralization as depicted in Figure 1 below. | |
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