Business
Radius Stakes 550 Claims Northwest and East of ATAC's Osiris Discovery
Radius Stakes 550 Claims Northwest and East of ATAC's Osiris Discovery
About this update from Radius Gold Inc.
[{"type":"text","content":"\n\n\n\n Nov. 25, 2010 (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, Nov. 25 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to\n announce that it recently staked 230 claims covering the eastern\n extension of the belt of rocks that host ATAC Resources' Osiris\n discovery, contiguous with ATAC's Sten claim block, northeast of Keno\n City in the Yukon Territory of northern Canada.  Radius also staked 320\n claims covering the prospective stratigraphy along the northern edge of\n ATAC's claim block, midway between the Osiris and Ariana targets.\n\n\nATAC has discovered a potentially major belt of Carlin-type gold\n mineralization at their RAU property. According to ATAC, mineralization\n in the Osiris Target area shares many of the characteristics of\n Carlin-type gold deposits, including similar alteration assemblages and\n association with the low temperature arsenic sulphides, realgar and\n orpiment. Host rocks are two, 150 to 250 m thick limestone debris flow\n and turbidite units, referred to as the Osiris and Isis Horizons, which\n occur within basinal silty mudstones.\n\n\nRadius plans to begin exploration of its ATAC-belt claims when weather\n conditions allow in the spring.\n\n\nRadius recently announced a non-brokered private placement to a maximum\n of 5.8 million flow-through common shares at 65 cents per share, for\n gross proceeds of up to $3.77-million. Closing of the financing is\n anticipated to occur on or before Dec. 6, 2010, and is subject to\n r...