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Radius Gold Options Tarros Project in Chihuahua, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 4, 2017) - Radius Gold Inc. (TSX VENTURE:RDU) is pleased to announce that it has signed a binding agreement wit
About this update from Radius Gold Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 4, 2017) - Radius Gold Inc. (TSX VENTURE:RDU) is pleased to announce that it has signed a binding agreement with a private Mexican company to option the 473-hectare Tarros Project which is host to several large gold silver mineralized diatreme breccia bodies. The Tarros Project is located 50km north of Radius's new Amalia discovery (see press release 19 September, 2017) in the Sierra Madre Gold Silver belt in the State of Chihuahua, Mexico. Tarros Project The Tarros Project is apparently unexplored, apart from limited historic artisanal-scale mining of surface outcrops on several of the outcropping bodies. It has been reported that Noranda briefly held the property in 1992-1993 but no records of work are known. Epithermal Au-Ag mineralization has been sampled by Radius in several explosive hydrothermal or diatreme breccias bodies within an area roughly 3.5km x 1km. The size of the largest mineralized breccia bodies observed to date exceeds 250m x 250m. Radius senior geologists visited the property in June 2017 during a regional prospecting trip and observed extensive exposures of volcanic hosted, highly altered explosive textured breccia that were cemented by silica and iron oxides. The breccia bodies were pocketed with pits, tunnels, shafts, glory holes and open cavities where material had been removed by artisanal miners and processed for gold. 26 rock chip samples were collected from three separate breccia bodies with different breccia compositions, of which 24 samples returned significant gold silver values. The average of all 26 samples assayed 1.42 g/t Au and 66 g/t Ag. The large size potential combined with the disseminated and distributed nature of the gold-silver mineralization indicates potential to discover a large bulk tonnage deposit. During the initial property visit 7 distinct large breccias were observed. Brief descriptions of the main breccia bodies are set out below. Rosario Breccia The Rosario Breccia is the northern most breccia body with an estimated minimum size of 150m x 60m. It is a large irregularly shaped breccia body, with several pits and tunnels where artisanal miners produced gold. It is hosted within and comprised of andesite volcanics, with clasts all highly altered and cemented by clay, silica and iron oxides. A continuous chip sample in an old pit...