Business
Radius Gold provides update on exploration activities planned for 2018
VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to provide a status update on its exploration portfolio
About this update from Radius Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to provide a status update on its exploration portfolio and comments on its planned work programs for 2018. Spring Peak The Spring Peak property in western Nevada is an exciting hot spring gold target defined by surface sinter, geochemistry, and geophysics. A plan of operations has been approved by the United States Forest Service for drilling the property, and the Company is in the final stages of completing the necessary bonding for issuance of the drill permit. Drilling is planned to begin in mid-July 2018. Simon Ridgway, CEO of the Company, commented: “The target at Spring Peak is simple: a significant CSAMT resistivity anomaly exists below a geochemically-anomalous large sinter terrace. This resistivity anomaly could represent a gold-bearing hydrothermal feeder system for the sinter. Three or four well-placed drill holes should answer the question.” Bald Peak The Bald Peak Property is located in western Nevada, with a small extension into California, and was acquired in early 2017 (see news release of March 06, 2017). Since acquiring the initial 38 claims and mineral lease, Radius has expanded the land package to a total of 151 federal mining claims, and now controls a large area that trends northeast from inside the California border into Nevada, parallel to the trend of the neighbouring Bodie, Aurora, and Borealis mining camps. Bald Peak is an un-eroded epithermal gold prospect in the Aurora-Bodie mining district. Sinter terraces outcrop along the length of the Property, evidence that the epithermal system has not been eroded beyond its paleo-surface elevation, and is thus likely fully preserved. Work at Bald Peak in 2017 consisted of geological mapping and prospecting, rock and soil geochemistry, and compilation work of historical exploration and academic and government datasets. The work has demonstrated the presence of a strong gold-bearing epithermal alteration system that can be traced along strike for over six kilometres in a northeast trend, with an anomalous zone of up to several hundred metres in width on surface. Within this global target area are several high priority drill targets. They are described below, in order from SW to NE, and maps showing the property and the targets have been placed on Radius’s web...