VANCOUVER, June 20, 2012 /CNW/ - Radius Gold Inc. (TSX-V: RDU) would
like to comment on recent events near the Tambor gold mine development
project in the municipalities of San Jose del Golfo and San Pedro
Ayampuc in southern Guatemala. Radius's joint venture partner, Kappes
Cassiday and Associates, of Reno, is the project operator and is
constructing a small gold mine at the site.
On June 13, a local activist, Yolanda Oqueli Veliz, was shot and wounded
by -as yet- unidentified attackers. Local police are investigating the
incident. Radius wishes Ms. Veliz a speedy and full recovery and
categorically condemns the shooting. Further, Radius's management urges
all stakeholders and community members around the Tambor project to
refrain from the use of violence as a means to settle disputes.
Simon Ridgway, the Chairman of Radius, commented: "We're in disbelief
over the shooting. We have no idea what the shooting is related to and
the circumstances are under investigation by the police, but regardless
of the cause, nothing can be achieved by violence and we utterly
condemn it. We've been in touch with the local and national authorities
to see what we can do to assist in the investigation of the incident,
and we've also been speaking to the Canadian embassy in Guatemala City
to keep them updated."
The Company has recently become aware of various inflammatory articles
on the internet directly linking it to the shooting of Ms. Veliz. Any
such assertions are ridiculous and completely untrue and can only add
to the local tensions. Radius has always denounced the use of violence,
and the Company and its employees have never engaged in, incited, or
supported violence within the communities in which it works.
Radius has been working at Tambor since 2000 with the support of the
local community, conducting exploration work without incident, and has
engaged with the community and local authorities at every stage in the
discovery and development process. The management team has been working
in South and Central America for close to 20 years and has always had
detailed discussions with the local communities near its projects.
Further updates will be provided as and when Radius is aware of any new
Radius has been exploring for gold in Latin America for over a decade.
It has assembled interests in a portfolio of promising gold projects in
Guatemala and Nicaragua, and a number of 100% owned exploration plays,
including extensive landholdings in southern Guatemala. Please call
toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).
ON BEHALF OF THE BOARD
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Some of the statements in this news release contain forward-looking
information that involves inherent risk and uncertainty affecting the
business of Radius Gold Inc. Actual results may differ materially from
those currently anticipated in such statement.
SOURCE Radius Gold Inc.
For further information:
Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
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