Radius Gold (RDU-V) has received assays of up to 7.08 grams of gold and 517 grams of silver per tonne over 26 metres from drilling at its Amalia precious metals project in Chihuahua, Mexico. The assays, from five holes that tested the Campamento-San Pedro structural corridor, hit lesser amounts of gold over generally shorter intervals. (A second hole yielded 2.28 grams of gold and 521 grams of silver per tonne over one metre and a third produced 0.3 gram of gold and 65 grams of silver per tonne over 30 metres.)
The modest grades in four of the five tests notwithstanding, Mr. Ridgway, president and chief executive officer, was pleased with the results from the one higher-grade hole. That test, he says, cut the system at the deepest level and "recorded the best widths and highest grades with bonanza intervals." (He and his crew are putting a Howe Street spin on the term "bonanza," as they are referring to a five-metre subinterval that averaged 14.71 grams of gold and 1,378 grams of silver per tonne.) The company and its joint venture partnerPan American Silver (PAAS-T) , which is paying the bills to earn up to a 75-per-cent interest in the project, plan more drilling next year, which will follow the higher-grade mineralization along strike and at depth. |
