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Radius Gold Inc.
Summary
| Project: | Amalia | |
|---|---|---|
| Deposit: | Amalia | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 12/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-12-2019: Radius Gold Inc. announces an Exploration/Drilling Update report for its Amalia deposit at the Amalia project. Drilling results incl. 120m @ 1.53g/t Au, 21g/t Ag. Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report results fro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Smith (Internal) | |
| ABSTRACT: | Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to report results from the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico. Pan American Silver Corp., the project operator, has provided assays for the first two diamond drillholes and new results include an interval of 23m at 4.61 g/t Au and 41 g/t Ag. AMDD19-016 intersected 120m grading 1.53 g/t Au and 21 g/t Ag with estimated true width of 75m, including 23m (est true 15m) at 4.61 g/t Au and 41 g/t Ag. 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. Hole AMDD19-016 was drilled down dip and on section from phase two drillholes AMDD18-009, AMDD19- 010 and AMDD19-015 (see Radius news releases Dec 4, 2018, May 1, 2019 and June 13, 2019). These four drillholes define a continuous zone of high grade multi-phase gold-silver mineralization from surface to the current drill defined depth of 300m (see figure 1 below). AMDD19-017 was drilled 100m north of 016, on section with AMDD19-013 and 150m down dip. The hole cut a 30m wide silicified fault breccia with anomalous gold and silver values up to 2.26 g/t Au and 23 g/t Ag. Although no potentially economic mineralization was encountered, the mineralization was stronger than drillhole 013, indicating deeper drilling on this section may be rewarded. | |
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