Business
Exploration Underway at Radius' Sixty Mile Project, Yukon Territory
Apr. 12, 2011 (Canada NewsWire Group) -- VANCOUVER, April 12 /CNW/ - Radius Gold Inc. (TSX-V:...
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n Apr. 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, April 12 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to\n announce that the 2011 exploration program has commenced at the\n Company's 100% owned Sixty Mile Project located North of Dawson City, \n Yukon Territory near the Yukon/Alaska border.\n\n\nIn 2010 Radius made two bedrock gold discoveries while drill testing\n various geological targets searching for the source of the extensive\n placer gold that has been produced from the stream and river beds of\n the Sixty Mile Gold District. These discoveries have been named "The\n Graben Fault Zone" and the "Thrust Fault Zone" (see detailed\n descriptions below).  Both target areas have the size potential to host\n very significant gold deposits, and it is the aim of this year's\n exploration program to confirm the economic potential of these gold\n discoveries.\n\n\nThe Graben Fault Zone\n\n\nThe Graben Fault Zone is an 8 kilometer long belt of strongly altered\n Carmacks volcanic rocks associated with a northeast trending half\n graben fault that juxtaposes these altered volcanics against a much\n older belt of schistose rocks.  Radius drilled two holes testing the\n volcanic rocks proximal to the fault zone. Both holes returned highly\n anomalous gold values over + 50 m intervals with narrower intervals of\n potentially ore grade material (6.55 m @ 1.65 g/t Au). These were very\n encouraging results for a first stage...