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Radius Gold Reports Results from the Third Phase of Drilling at Amalia High-Grade Gold Silver Discovery, and Acquires the Adjoining 800 ha Palmillas Property
(via TheNewswire) Vancouver, Canada - TheNewswire - January 14, ...
About this update from Radius Gold Inc.
[{"type":"text","content":"Radius Gold Reports Results from the Third Phase of Drilling at Amalia High-Grade Gold Silver Discovery, and Acquires the Adjoining 800 ha Palmillas Property(via TheNewswire)\n \n \n\n\n \n \nVancouver, Canada - TheNewswire - January 14, 2020 - Radius Gold Inc. (TSXV:RDU) is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling. Pan American Silver Corp., the project operator, has provided final assay results including intervals of 23 m at 4.61 g/t Au and 41 g/t Ag (AMDD19-016), 1.3 m at 12.5 g.t Au and 2320 g/t Ag and 13.7 m at 1.39 g/t Au and 22 g/t Ag. Radius is also pleased to announce that it has acquired an option to acquire the adjacent 800-hectare Palmillas Property which hosts high-grade epithermal silver-gold mineralization, outcropping 1.8 km north west along strike from the reported drilling at Amalia.\n\n\n \nPhase Three Drill Results\n\n\n \nThe drill program included holes AMDD19-016 to AMDD19-021. Holes 016 and 017 were previously reported in Radius's December 4, 2019 news release. The program was successful in proving that the high-grade mineralized shoot continues with depth, beyond its current testing up to 300 m, and its lateral extents have been better defined. The gold-silver mineralization is still open with depth and preparation is underway for the next phase of drilling where it will be tested deeper. \n\n \n \nAMDD19-016 intersected 120 m grading 1.53 g/t Au and 21 g/t Ag with an estimated true width of 78 m, including 23 m (estimated true width 15 m) at 4.61 g/t Au and 41 g/t Ag. Mineralization is hosted within the hanging wall of the San Pedro fault with disseminated fine black sulphides and sulphide veining commencing within rhyolitic ignimbrites, and transitioning to intense silicification, stockwork veining and brecciation. Hole AMDD19-016 was drilled down dip and on section from drillholes AMDD18-009, AMDD19-010 and AMDD19-015 (see Radius news releases Dec 4, 2018, May 1, 2019 and June 13, 2019). These four drillholes define a continuous zone of high-grade multi-phase gold silver mineralization from surfa...