VANCOUVER, April 13 /CNW/ - Radius Gold Inc. (TSX-V: RDU) is pleased to
report that planning is well underway for the 2011 exploration program
over its Scarlet East and West claim blocks in the Rackla Belt, in
central Yukon and exploration is expected to start mid-year. With the
on-going definition of this potentially world-class belt of Carlin type
gold deposits, Radius' management regard the Company's Rackla program
as a top priority for 2011.
ATAC has discovered a cluster of Carlin-type gold deposits and
occurrences. Mineralization in their Osiris Target appears to share
many of the characteristics of Carlin-type gold deposits, including
similar alteration assemblages and association with the low temperature
arsenic sulphides, realgar and orpiment. Host rocks are two, 150m to
250m thick limestone debris flow and turbidite units, referred to as
the Osiris and Isis Horizons, which occur within basinal silty
mudstones. ATAC's drilling at Osiris returned a highlight of 31.13 m @
9.26 g/t Au approximately 10km northwest of Radius' Scarlett East claim
Radius' Scarlet properties consist of 550 claims in 2 blocks covering
prospective stratigraphy along the northern and southern edges of
ATAC's claim block. Scarlett East lies on the southeastern end of
ATAC's claims and potentially covers the extension of the structure
controlling the mineralisation. The Scarlett West claim block lies
about 30km west of Osiris, roughly midway between ATAC's Osiris and
Both properties will be targeted with geochemical surveys (stream
sediment, soil and rock sampling), airborne geophysics (magnetic and
radiometrics) and geological mapping as early as possible in the summer
season. The first stage of exploration is expected to take
approximately 6 weeks.
Elsewhere in west-central Yukon, Radius has staked the Face property
covering anomalous stream sediment samples which have a Carlin (ATAC) -
type stream sediment signature. These claims are underlain by
carbonate rocks similar to those rocks that host the Osiris discovery.
Exploration will also be carried out on claims staked late in 2010
located between the Sixty Mile and Ten Mile properties (under option to
Solomon Resources Limited). This target covers a portion of the
historic Matson Creek placer camp, a northeast trending lineament and
is underlain by Carmacks volcanic rocks.
Roger Hulstein, a member of the Association of Professional Engineers
and Geoscientists of British Columbia and a Qualified Person as defined
by National Instrument 43-101, is responsible for the accuracy of the
technical information in this news release, and for overseeing the
design and execution of Radius' Yukon exploration program.
Radius has been exploring for gold in Latin America for nearly a decade,
and has assembled interests in a portfolio of promising gold projects
throughout the region, including carried stakes in two small-scale
developing gold projects in Guatemala and Nicaragua. Radius also has
two 100% owned exploration plays, the HB property in Guatemala and the
Sixty Mile property in the Yukon Territory.
ON BEHALF OF THE BOARD
Simon Ridgway, President & CEO
Investor relations: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 79.8-million
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.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Radius Gold Inc.
For further information:
For further information on Radius and its properties, please call toll free 1-888-627-9378 or visit our new web site (www.radiusgold.com).