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Radius Gold Completes 2017 Summer Exploration Program at Bald Peak Property
VANCOUVER, British Columbia, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX V:RDU) is pleased to announce the completion of its 2017 summer exploration
About this update from Radius Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX V:RDU) is pleased to announce the completion of its 2017 summer exploration program at the Bald Peak Property, located in Mineral County, Nevada. The Bald Peak Property was acquired in early 2017 (see news release of March 06, 2017). During the summer, Radius conducted several staking campaigns to cover newly identified areas of interest. To date, the Company has added 113 claims to the original 38 claims purchased, increasing the land position to 151 unpatented mining claims in Mineral County, Nevada and one mineral prospecting licence in Mono County, California. The project now covers an 8 km by 2 km area of a fully un-eroded epithermal system. The Bald Peak Property is an early stage, high-level epithermal gold prospect centrally located within a broad area of Miocene volcanic centers known as the Bodie Hills Volcanic Field (BHVF). Sinter terraces outcrop along the length of the Property, evidence that the epithermal system is not eroded beyond its paleo-surface and is thus likely fully preserved. The BHVF is host to several high grade gold mines, including the Aurora and Bodie mining districts, both of which are in close proximity to the Bald Peak Property and formed in a similar geological environment. Despite the Property’s proximity to several Au-rich mining districts, the area has seen limited exploration activity. Several operators have acquired the Property over the last 30 years and mapped alteration zones and various other criteria pertinent to epithermal gold discoveries. The area has seen very limited drilling however, and its potential remains untested. In 2017, following the acquisition, Radius conducted geological mapping, and rock and soil sampling programs, the results of which work led to the staking of additional ground. Results of the mapping program better defined lithologic contacts across the Property at a project-scale, answered several questions that derived from the USGS 2015 map of the Bald Peak area and importantly identified new areas of high level banded veining, several areas of anomalous Au, Hg, As and Sb in soil and rock, and identified previously unmapped areas of hot spring related silica sinters. Along the eight kilometre NE-trending zone (which his...