Radius Explorations Ltd. is pleased to report that
exploration results obtained during the final
months of 2002 confirm the presence of
high-grade gold values associated with
quartz/arsenopyrite bodies at the La Laguna
North and Guapinol South target areas within the
Tambor Joint Venture ground.
Of the seven project areas targeted for scout
drilling by the Joint Venture during 2002, all but
one returned gold values in excess of 1g/t.
However, assay results vary widely as do deposit
types along the 22km trend of mineralized
metamorphic rocks currently under evaluation:
* Moderate/high grade gold mineralization in
quartz lodes (La Laguna North, JNL). * Variable
widths of low grade, disseminated gold along
structural contacts between amphibolite and
phyllite (Lupita). * Narrow, flat lying zones of low grade gold within amphibolite host rocks (Cobano, TBS). *
Stockwork/sheeted quartz veinlets in granodiorite (La Laguna South).
Significant highlights from the scout drilling include results from the La Laguna North prospect where a steeply
dipping, SW plunging, quartz lode was intersected in holes BVRC-02-002, 0015 and 0017. Hole BVRC-02-002
returned 18.3 metres of 8.2 g/t Au and hole BVRC-02-0015 cut the zone 100 metres down dip, returning 18.3
metres of 12.2 g/t Au. The third hole drilled on section (BVRC-02-0017) returned significant values from two
discrete zones (3.1m of 5.6 g/t; 13.7m of 2.2 g/t) contained within a 53 metre interval of strong quartz veining
and disseminated arsenopyrite. Mineralization at La Laguna North has now been confirmed over a down-dip
interval of 200 metres with the system open in that direction and along strike. Preliminary metallurgical
testwork has commenced on composited samples from cuttings, and a follow-up program and budget are in
preparation. A recent development on the property is the discovery of high-grade, quartz vein hosted
mineralization associated with abundant visible gold at an area known as Guapinol South. Reconnaissance
manual trenching has returned values up to 10.1 metres of 31 g/t Au in trench GP-5 and 8.8 metres of 20.8 g/t
in trench GP-9. The potential strike length of the Guapinal South vein system as indicated by surface
prospecting is approaching 2,000 metres.
To date, 15 manual trenches have been completed and work continues to expand the vein system both to the west
and east. A summary of the trenches in Guapinol South is reported below, results are still pending for some
trenches. A budget and program for the drill testing of the Guapinol South project has been approved with road
and site preparation to begin immediately.
GUAPINOL SOUTH - TRENCH SUMMARY
Trench Meters Sample No. of samples Significant mineralized
sampled numbers intervals or highest Au
values
GP-3 48.38 112972-112999 28 9.28 m @ 5.286 g/t Au,
includes 1.0m @ 29.931 g/t Au
GP-4 64.81 115562-115596 35 14.03 m @ 9.517 g/t Au,
includes 6.86 m @ 17.805 g/t Au
GP-5 66.96 115597-115631 35 10.08 m @ 31.311 g/t Au
GP-6 69.46 115632-115665 33 Trench failed to intersect vein
GP-7 32.66 115700-115721 22 7.49m @ 7.61 g/t Au,
including 2.01m @ 21.36 g/t Au
GP-9 33.06 110574-110592 19 8.81m @ 20.806 g/t Au,
including 6.36m @ 28.344 g/t Au
GP-10 25.58 110593-110608 16 4.60m @ 8.41 g/t Au
GP-11 14.11 111057-111071 15 No significant values, failed
to intersect vein
Trenches 1, 2 and 8 were located on a separate target area.
The Tambor properties consist of a large land package (+1,000 square kilometres) located in Central Guatemala,
on the south side of the subcontinental scale Motagua Fault system. The area was recognized as prospective in
2000 when Radius geological staff located mesothermal-style gold mineralization associated with a belt of
schistose rocks within this
suture zone.
The Company entered into a joint venture with Gold Fields Ltd. of South Africa in December 2001 whereby
Gold Fields has the right to earn a 55% interest in these holdings by spending US$5 million in exploration and
development over a three-year period. Over the past year US$1.7 million was spent on the properties conducting
geological mapping, geochemistry, trenching and first pass drill testing of several of the identified mineralized
zones.
Radius is a gold exploration company with extensive land holdings in Central America. The Company is
exploring and developing project areas through joint venture partnerships, a strategy which allows Radius's
geological team to focus their expertise on locating additional grassroots gold mineralized systems.
Toll Free: 888-627-9378 Simon T. Ridgway, President Website: www.radiusgold.com
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