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Radius Gold intercepts 44 meters grading 12.38 gt Au and 309.3 gt Ag at Amalia Project, Mexico
(via TheNewswire) May 1, 2019 / TheNewswire / V ancouver, Canada: Radius ...
About this update from Radius Gold Inc.
[{"type":"text","content":"Radius Gold intercepts 44 meters grading 12.38 gt Au and 309.3 gt Ag at Amalia Project, Mexico(via TheNewswire)\n \n \nMay 1, 2019 / TheNewswire / Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce the first results from the second round of its diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. The program is operated by Radius and funded by Pan American Silver under a joint venture agreement. The first hole of 2019, AMDD19-010, has intersected 44m grading 12.38 g/t Au and 309.3 g/t Ag including an 11m section grading 39.9 g/t Au and 323 g/t Ag. Estimated true width of the mineralized zone is 34m. \n\n\n \nRadius's initial drill program at Amalia (see press release December 4th 2018) tested the San Pedro structural zone with 5 diamond drill holes, intercepting gold and silver mineralization in all 5 holes along a 650m strike length. Hole AMDD18-009, the deepest hole, intersected 26m at 7.08g/t Au and 517 g/t Ag, including 5m at 14.71 g/t Au and 1378 g/t Ag. \n\n\n \nHole AMDD19-010 intersected the San Pedro structure approximately 65 meters down dip of the intercept in hole AMDD18-009 (see Figure 1 below). Mineralization observed in both 009 and 010 is hosted within an epithermal breccia and quartz sulphide stockwork vein zone located on or near to the contact between overlying Tertiary rhyolitic ignimbrites and the footwall andesite volcaniclastics of the Late Cretaceous Tarahumara Formation. Diorite dykes appear to be emplaced along the fault zone and are associated with mineralization as depicted in Figure 1 below.\n\n\n \nDrilling is currently ongoing at Amalia with holes in progress stepping out 100 meters along strike and +- 50m below known mineralization. At this stage 2000m of drilling is budgeted. Mineralization at San Pedro is open in all directions. On strike from San Pedro, along the Amalia regional fault system, high-grade gold and silver mineralization outcrops at intervals vertically 600m below San Pedro. Similar style major epithermal mines of the Sierra Madre (e.g. Palmerejo, Pinos Altos, La Cienga) located in the same regional volcanic belt as Amalia are known to have mineralization occurring over large vertical intervals between 600 and 750m. To date the Radius / Pan American JV has tested to only a 200m vertical component of the system and it is intended to foll...