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Radius Gold commences drilling at Coyote Gold Project, Nevada
VANCOUVER, British Columbia, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to announce that the Company has commenced drilling at th
About this update from Radius Gold Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to announce that the Company has commenced drilling at the Coyote Gold Project located North of Elko, Nevada. The Company acquired a lease to option and purchase the property from Geologic Services Inc. in March of this year (see news release March 21, 2018). The property is located on the Eastern flank of the Independence Valley, an area known for its prolific gold production. The reverse circulation drill program will target deeply penetrating resistive structures with coincident rock and soil geochemical anomalies of antimony/mercury/arsenic and gold, hosted in brecciated surficial sinter deposits of a paleo hot spring. A CSAMT survey conducted in August of this year defined a coherent 950m x 250m resistivity anomaly going to depth which is believed to represent a sheeted vein system, potentially gold-bearing. An initial program of three to six drill holes targeting the potential mineralization 150m to 200m below surface will be conducted. Results will be released once the program is complete. Technical Information Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’s Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith prepared and approved the technical information contained in this news release. Radius Gold Inc. Radius has a portfolio of projects located primarily in the United States and Mexico which it continues to advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe. ON BEHALF OF THE BOARD Simon RidgwayPresident and CEO Symbol: TSXV-RDU Contact: Simon Ridgway200 Burrard Street, Suite 650Vancouver, BC V6C 3L6 Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829Email: [email protected] Website: www.radiusgold.com Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this news release constitute forw...