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Radius Gold Inc.
Summary
| Project: | Amalia | |
|---|---|---|
| Deposit: | Amalia | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 6/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2019: Radius Gold Inc. announces an Exploration/Drilling Update report for its Amalia deposit at the Amalia project. Drilling results incl. 81m @ 3.75g/t Au, 61g/t Ag from 216.7m. Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Smith (Internal) | |
| ABSTRACT: | Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report results from its phase two diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. Radius completed 6 diamond drill holes (total 1756m) targeting the San Pedro structural zone. These results confirm the down dip expansion of the high grade multi-phase gold-silver mineralization intersected in drillholes AMDD18-009 (26m at 7.08g/t Au and 517 g/t Ag Dec 4, 2018) and AMDD19-010 (44m at 12.38 g/t Au and 309.3 g/t Ag May 1, 2019), and continue to demonstrate the potential for a significant discovery at the Amalia project. AMDD19-010 intersected 44m grading 12.38 g/t Au and 309 g/t Ag with estimated true width of 34m. Mineralization is hosted within the hanging wall of the San Pedro fault with disseminated fine black sulphides and sulphide veining commencing within rhyolitic ignimbrites, and transitioning to intense silicification, stockwork veining and brecciation. AMDD19-011 (see press release May 28, 2019) was drilled approximately 100m south of 010 and 50m below 003 (hole 003 returned 30m at 0.3g/t Au and 65 g/t Ag) targeting the San Pedro structure. Hole 011 intersected multiple zones of variable white chalcedonic stockworks, amythyst, silicification, hydrothermal breccias and diorite dykes and returned a broad zone of anomalous Au and Ag in the hanging wall of the fault, however no potentially economic mineralization was encountered. AMDD19-012 was drilled 200m south of 010 targeting the San Pedro structure approximately 50m below 008 (hole 008 returned two intervals within a 33m wide mineralized zone (1m at 2.28 g/t Au and 521 g/t Ag and 5m at 0.59 g/t Au and 571 g/t Ag). Hole 012 intersected 5m at 647 g/t Ag and 1m at 0.35 g/t Au and 140 g/t Ag within a zone of variable white chalcedonic stockworks, silicification and hydrothermal breccias. | |
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