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Press Release Source: Radius Explorations Ltd.
Radius Reports High-Grade Drill Results, Guapinol South
Wednesday August 13, 12:03 pm ET
VANCOUVER, BRITISH COLUMBIA--Radius Explorations Ltd. ("Radius") is pleased to report gold results from recent drilling at the Guapinol South property, part of the Tambor joint venture project in Guatemala. Gold Fields Ltd. ("Gold Fields") is the operator of the joint venture and has the right to earn a 55% interest in the property from Radius by spending US$5 million over three and a half years.
Gold Fields has been drill testing a high-grade, gold-quartz vein that returned up to 10.1m @ 31 g/t Auin Trench GP5 and 8.8m @ 20.8 g/t in Trench GP9 (see news release 2003-01 January 13, 2003). To the end of July, Gold Fields had completed 31 core holes totalling nearly 3,500m of drilling at Guapinol. A drill plan and long section can be viewed on the Radius website (www.radiusgold.com). Available assay results for the current drilling are attached in Table 1. Highlights include:
- PRDD-03-033 5.3m @ 80.5 g/t Au from 74.7m to 80.0m
- PRDD-03-027 4.6m @ 45.5 g/t Au from 28.9m to 33.5m
- PRDD-03-022 6.1m @ 14.0 g/t Au from 99.1m to 105.2m
- PRDD-03-028 1.5m @ 47.3 g/t Au from 38.1m to 39.6m
- PRDD-03-021 6.3m @ 9.9 g/t Au from 57.3m to 63.6m
- PRDD-03-039 3.0m @ 17.8 g/t Au from 16.8m to 19.8m
Drilling at Guapinol has tested 375m of strike length and approximately 200m vertical depth. Assay results confirm the presence of significant gold mineralization associated with south-dipping, en echelon, discordant veins within a mylonitic phyllite unit, with vein widths of up to 4m. Both gold and arsenic mineralization are restricted to the quartz veins and their immediate wall rocks.
The results for holes 027, 028, 030 and 033 confirm the extension of high-grade mineralization to the east of Trench GP5, plunging to the southeast.
Radius's President, Simon Ridgway, said "We're excited to see such a high proportion of high-grade hits in the Guapinol drilling. If Poza del Coyote is included, close to 750m strike length of this vein system has been tested and there are still many high-priority soil anomalies to be addressed."
Planned Work
Gold Fields has completed the current round of drilling at Guapinol South and are awaiting final assay data before completing their interpretation of results.
A second phase of drilling (4 core holes) has begun at the high-grade Poza del Coyote vein where earlier drilling returned up to 9.1m @ 21.9g/t Au (see news release 2003-06 May 27, 2003). Drilling is also planned for the Cliff Zone, a new vein outcrop discovered between Poza del Coyote and Guapinol South. Sampling of the Cliff Zone has returned values ranging from approximately 1 g/t to 22.7 g/t Au.
In-fill soil sampling is planned for parts of the Guapinol South and North areas, and reconnaissance sampling in the GP-20, 21 and 22 trenches will be followed-up. Once further surface evaluation has been completed, drill programs are also likely for the Guapinol North zone and the western extension of Guapinol South.
A map showing Gold Field's planned work is available on the Radius website (www.radiusgold.com). |
