Business
Radius Provides Update on Eastern Guatemala Gold/Silver District
May 5, 2011 (Canada NewsWire Group) -- VANCOUVER, May 5 /CNW/ - Radius Gold Inc. (TSX-V: RDU)...
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n May 5, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, May 5 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to\n provide a comprehensive update on its recent exploration activities in\n the highly prospective low-sulphidation epithermal gold-silver district\n in eastern Guatemala. Radius holds over 1,500 sq. km. of granted\n concessions and concession applications in the region covering a\n virtually unexplored Tertiary volcanic belt that has recently been\n shown to host world class intermediate and low sulphidation silver/gold\n deposits.\n\n\nRecent highlights of Radius' work include:\n\n\n\nDelineation of an impressive zone of high-level chalcedonic silica\n currently traced for over 400m along strike and over 100m wide locally\n within the Zapote trend of the HB property. Initial sampling of outcrop\n at Zapote has returned gold values from a low of 0.50 to a high of over\n 6.0 g/t Au. Trenching and extensive outcrop sampling are presently\n underway.\n\n\nIdentification of a high grade zone on the north side of the Holly\n ridge. Previous prospecting and sampling in this area discovered quartz\n boulders believed to be float, grading from just under 1 g/t Au up to\n 112 g/t Au and over 5,600 g/t Ag. Trenching in the area has revealed\n texturally-similar quartz veins in situ in the schists directly below the boulders. This is a significant find\n as little work has previously been done on the north side of the\n Jocotan fault, despite the presence of l...