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Radius Gold reports additional high grade sampling from Amalia Project, Mexico
VANCOUVER, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to provide an update on exploration in Mexico and reports
About this update from Radius Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to provide an update on exploration in Mexico and reports new high grade channel sampling results from the Amalia Project located in the State of Chihuahua, Mexico. Radius exploration teams have been systematically advancing Amalia to drill ready stage, including the submission of applications for drilling to the regional authorities. Additionally, teams have been prospecting the Tarros property and new regional targets in Mexico. In total Radius geologists have collected an additional 315 rock and 195 soil samples in the last three months. Amalia Project The Amalia Project is located 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua and hosts high grade epithermal silver-gold mineralization. The Project is previously unexplored, with only minor historic artisanal-scale mining of surface outcrop known. Epithermal Au-Ag mineralization has been sampled by Radius in several veins, vein breccias and disseminated zones over 3.5km of strike length and a 600m vertical interval following the trace of a large regional fault zone (see press release dated September 19, 2017). During the past several months, Radius geologists have focused exploration efforts on defining drill targets within the central area covering the Campamento and Guadalupe targets at Amalia over strike length of approximately 1km and vertical interval of 250m. A new discovery located between Campamento and Guadalupe, called San Pedro, returned 13m at 2.51 g/t Au and 164 g/t Ag in a continuous chip (10 samples) across the discovery outcrop. New sampling 50 m vertically above and along strike from Guadalupe returned 8m at 0.21 g/t Au and 264 g/t Ag (8 samples). Amalia Exploration Summary Radius has now defined a central corridor of mineralization, along the NW trending major structural break. In the north at Campamento, a 500m x 70m zone of intense silicification, and brecciation with massive and stockwork veining has been mapped at the contact between the upper rhyolite and lower andesite volcanic sequence. The previously announced main mineralized interval at Campamento graded 62m at 0.43 g/t Au and 98 g/t Ag, including 30m at 0.58 g/t Au and 151 g/t Ag. The mineralization is hosted in high le...