Business
B2Gold Updates Radius on Trebol and Pavon gold projects: Cuts 7.2 g/t Au over 22.5m at Pavon
B2Gold Updates Radius on Trebol and Pavon gold projects: Cuts 7.2 g/t Au over 22.5m at Pavon
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n\n Jul. 28, 2010 (Canada NewsWire Group) -- \n \n \n VANCOUVER, July 28 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to report that B2Gold ("B2") has provided an update on exploration activities at the Trebol and Pavon gold projects, both in Nicaragua. Exploration at both projects is yielding very positive results and Radius is highly encouraged by B2's progress.\n\nPavon\n\nB2 has made good progress at the Pavon project in central Nicaragua, although work has slowed somewhat with the onset of the rainy season. Another geologist has been assigned to the project in order to speed up progress. Recent trenching has focused on the Pavon Norte vein and highlights of the results from these trenches are shown below.\n\n\n >\n\n\nB2 reports that the trench results continue to show good potential to develop an open pit gold resource at Pavon Norte, where a total of 42 trenches have now been dug. B2 continues to take large bulk samples for metallurgical tests.\n\nTrebol\n\nB2 has completed a Lidar ("LIght Detection And Ranging") survey at Trebol. An area of 225km(2) was flown using helicopter mounted Lidar equipment flying at 400m altitude. The raw Lidar data is currently being processed. Once complete, the processing will yield a highly accurate topographic base map, and should allow the geologists to locate faults more easily as well as other topographic anomalies for follow-up.\nActivities in July are focusing on trenching the northernmost anomalies at Trebol to assess the potential strike length of gold mineralization there, with plans for future drilling to assess the resource potential. Some 500 samples were recently shipped from Trebol to B2's Limon mine laboratory for preparation.\nB2Gold is earning into a 60-per-cent interest in Trebol and other Nicaraguan exploration properties owned by Radius by spending a total of $4-million (U.S.) on exploration of any one or more of the properties within four years from the date of the agreement. When B2Gold has spent the $4-million (U.S.), it will own a 60-per-cent interest in all of the properties and a joint venture will be formed under which each party will contribute its prorated share of the exploration costs.\n\nQualified Person\n\nDavid Cass, Radius's Vice-president of Exploration, is a member of the Association of Professional Engineers and Geoscientist...