Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to announce new high grade channel sampling results from its recently optioned Amalia Project located in the State of Chihuahua, Mexico (see company news release dated 22 June 2017). Initial exploration results have been received from 272 surface and underground rock chip samples, including the following highlights from continuous chip sampling:
- 4m at 6.04 g/t Au and 1702 g/t Ag from Guadalupe Target
- 30m at 0.58 g/t Au and 151 g/t Ag from Campamento Target
- 1.5m at 114 g/t Au and 57 g/t Ag from Dulces Target
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 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. After optioning the 380ha project in June 2017, Radius staked an additional 10,000 hectares surrounding the Amalia Project, covering 3 new regional target areas. Radius established a 10 man camp at Amalia and completed an initial exploration program comprising geological mapping, prospecting and channel sampling of the main targets.