Business
Radius Project Update - Drilling Commences at Sixty Mile
Radius Project Update - Drilling Commences at Sixty Mile
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n\n Sep. 2, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVANCOUVER, Sept. 2 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to provide an update on the Company's broad portfolio of gold projects in Central America and the Yukon Territory.\nBriefly:\n\n >\n\nVP Ralph Rushton commented, "The hard work that was put in during the downturn in 2008 restructuring RDU has now started to pay off for Radius's shareholders as our portfolio of joint ventured and wholly-owned projects matures."\n\nWholly-Owned Projects\n\nSixty Mile Project\n\nAs reported on August 23, 2010, fieldwork is underway and drilling has now started at the Sixty Mile Project. The property consists of 741 Yukon Quartz Claims covering approximately 140 sq. km and 30 Alaska State claims covering 14 sq. km, straddling the Yukon/Alaska border north of Dawson City. Radius's exploration target is the bedrock source of the rich placer gold in the creeks of the Sixty Mile gold camp.\nSoil geochemical surveys, Airborne geophysics, geological mapping/sampling, Auger and RAB drilling have identified several gold targets. These targets will be drill tested over the coming weeks, with results anticipated in October.\n\nHB Properties, Guatemala\n\nRadius holds a large land position in Eastern Guatemala. The HB properties make up part of this land position. These granted concessions cover over 90 sq. km of pervasive alteration hosting epithermal gold mineralization. Initial drilling ((greater than) 5,000 meters) has defined a number of gold zones with lateral continuity. An extensive drill program is planned to commence in October. The program will have two phases: shallow resource definition drilling on the M28 and Pyramid Hill zones where previous drilling has confirmed potential ore grade mineralization over several kilometers. Phase 2 will include exploration drilling to target deeper, high grade gold/silver mineralization. Zones have been identified with silver gr...