VANCOUVER,
Feb. 22, 2012 /PRNewswire/ - Radius
Gold Inc. (TSX-V: RDU) is pleased to provide an update on recent
work completed by B2Gold Corp. ("B2Gold") at the Trebol joint
venture project in northeastern Nicaragua. Highlights of their recent
work include:
- Soils taken from Cerro Domingo have returned gold values in
excess of 17 g/t.
- Trenching at Trebol East is yielding strongly mineralized
intervals such as 44.9m of 1.09 g/t gold (trench 111).
- B2Gold has applied for 3 new concessions which were recently
registered with the Ministry of Mines and have been confirmed as
open, subject to comment by local municipalities.
- B2Gold is planning 2,000m of core drilling in 16-18 holes to
test the new Trebol East targets.
Radius is pleased to note the excellent progress
that B2Gold is making at Trebol and is looking forward to the
start-up of the next phase of diamond drilling, which will begin to
test the new Trebol East anomalies.
Cerro Domingo
The new results show highly anomalous gold-in-soil
values for samples taken over the Cerro Domingo occurrence with
gold assays locally in excess of 17 g/t. The soil results clearly
define an area of over 400m in length by 130m in width with
Au-in-soil values mostly in excess of 1 g/t. Maps of these
anomalies are available on the Radius Gold website at
www.radiusgold.com.
Trebol East
Soil sampling from Trebol East has highlighted 3
zones of anomalous gold values that require drilling. The
northernmost zone shows at least 400m of strike length with another
smaller and lower grade zone to the south (likely faulted) of some
200m of strike length. Another zone, which is 150m long, was
defined 400m further south. (See soil anomaly and trenching
map on Radius's website.)
Trenching of the northernmost part of Trebol East
shows good continuity of mineralization over approximately 250m
meters of strike length. Stockwork and vein mineralization trends
roughly north‐south and dips to the west. In addition, a short
trench cut on a small knoll 100m west of this zone has yielded
12.5m of 0.76 g/t Au (trench 112). The zone continues to the south
but may not be as continuous. Preparations are underway for the
drilling at Trebol East.
| Trench |
Interval (m) |
Au (g/t) |
| TREB-113 |
44.6 |
0.81 |
| TREB-111 |
44.9 |
1.09 |
| TREB-109 |
26.9 |
0.86 |
| TREB-108 |
28.9 |
0.70 |
| TREB-110 |
13.5 |
1.12
|
Similarly, the southernmost zone, which is about
200m in strike length, has also yielded some very good grades in
the trenching. Trench TREB‐115, located 25 meters north of trench
102 (21m of 1.62 g/t Au), contained 13.7m at 1.20 g/t Au.
Planned Drilling
B2Gold is proposing to drill 2,000m of HQ core
drilling in 16 to 18 holes to test the new Trebol East targets.
Drilling is scheduled to begin in late February using a
man-portable drill operated by Swiss Boring. Drilling will test the
key soil anomalies described above. Nine holes are planned to test
the northern zone over a strike of approximately 740m, including
the gold anomaly in trench TREB-111. The remaining holes will test
the anomalies at the southern end of Trebol East.
Qualified Person
Mr. Roger Hulstein,
B.Sc., P.Geo., is a member of the Association of Professional
Engineers and Geoscientists of British
Columbia and is the Company's Qualified Person as defined by
National Instrument 43-101. Mr. Hulstein has verified that
the technical information in this release is an accurate summary of
the information provided by B2Gold to Radius; however, Radius has
not independently verified the information provided by B2Gold.
About Radius
Radius has been exploring for gold in Latin America for nearly a decade. It
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, and a number of 100% owned
exploration plays, including the HB property in Guatemala. Please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com).
ON BEHALF OF THE BOARD
"Ralph Rushton"
President
Investor relations: Jaclyn Ruptash
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 86.6-million
Neither the TSX Venture Exchange nor
the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statement
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.
