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Radius Gold Inc.
Summary
| Project: | Amalia | |
|---|---|---|
| Deposit: | Amalia | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-5-2019: Radius Gold Inc. announces an Exploration/Drilling Update report for its Amalia deposit at the Amalia project. Drilling results incl. 5m @ 0.59g/t Au, 647g/t Ag. Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report on progress | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Smith (Internal) | |
| ABSTRACT: | Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report on progress of its diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. Radius has now completed drilling of 6 diamond holes AMDD19-010 to AMDD19-015 totalling 1743m with assays returned for 3 holes (010, 011, 012). New results include Hole 012 which assayed 5m at 647 g/t Ag, intersected 50m below the phase one Hole 008 (5m at 0.59 g/t Au and 571 g/t Ag – see press release Dec 4, 2018). Visual descriptions for the remaining holes are provided below. Summary AMDD19-010 (see press release May 1, 2019) 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 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 ore grade 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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