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Re: News Release - RDU - Monday, February 11, 2008
Metallurgical Tests on Tambor Sample Achieve Gold Recoveries of
up to 98%
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Vancouver, Canada: Simon Ridgway, the President of Radius Gold Inc.
(TSX-V: RDU), is pleased to announce the results of metallurgical
testwork performed on a 90kg sample collected from underground workings
on the Guapinol South vein at Radius's Tambor gold project in Guatemala
(see press release October 22, 2007). The tests evaluated:
1. the gold head grade and recovery by gravity concentration followed
by cyanidation, and
2. the gold head grade and recovery by gravity concentration followed
by froth flotation.
The study was undertaken by Dawson Metallurgical Laboratories, Utah,
using a grind size of 80% passing 200 mesh or 75 microns.
The results were extremely encouraging and confirm the free milling,
coarse grained nature of the gold at Tambor and its amenability to
gravity pre-concentration as the principal method of recovery, followed
by either cyanidation or flotation. The sample head grade ranged from
36g/t to 40.7 g/t Au.
.. Significant coarse free gold was liberated during the initial ball
mill grind at 80% passing 92 microns, with individual grains ranging in
size from 1,560 microns to minus 34 microns
.. Grinding, gravity concentration and amalgamation, followed by NaCN
leach of slurry tails indicated a total gold recovery of 98% (head
grade 40.7 g/t Au) with 55% of the total gold recovered during
amalgamation (free gold grains), and 43% of the remaining gold
recovered by cyanidation
.. Grinding, gravity concentration and amalgamation, followed by CIL
(Carbon in Leach) indicated a total gold recovery of 97% (head grade
36.6 g/t Au), with 61% of the gold recovered by amalgamation and 36%
from carbon in leaching of slurry tails
.. Grinding, gravity concentration and amalgamation, followed by
flotation, indicate a total gold recovery of 86% (head grade 36.0 g/t
Au), with gravity concentration recovering 64% of the gold and an
additional 22% of the gold recovered by flotation of amalgamation
tailings
The test results are similar to those undertaken by Goldfields in 2003
on similar material from the Laguna Norte deposit.
Background on the Tambor Property
Radius owns 100% of the Tambor project which was discovered by Radius
in 2000 and advanced by Gold Fields through a joint venture until 2003.
The gold mineralization is classified as being of orogenic lode-gold
type. Gold Fields drill tested the Guapinol, Laguna Norte, Poza del
Coyote and Cliff zones, and a Technical Report prepared by Chlumsky,
Armbrust and Meyer LLC (CAM) of Lakewood Colorado (see Radius news
release dated December 10, 2003) outlined a 43-101 compliant resource
of 216,000 ounces of gold in inferred resources (2.55 million tonnes @
2.64 g/t Au) and 57,800 ounces in indicated resources (456,000 tonnes @
3.94 g/t Au) in three separate zones. In 2007, an underground
exploration drift and four cross cuts were completed at the Guapinol
South zone, in order to provide information on the structural controls,
continuity and grade of the high grade gold mineralization. Targets
for further exploration include two parallel east-west trending +50ppb
gold-in-soil anomalies over a 7km trend between Laguna North and
Guapinol South.
The company is looking to advance the property through a combined
development/exploration scenario with a joint venture partner.
Assay Protocol & Qualified Person
The scientific and technical information in this release was prepared
under the supervision of Mr. David Cass, Radius' Vice-President of
Exploration, who is a member of the Association of Professional
Engineers and Geoscientists of British Columbia, and a "Qualified
Person" in accordance with National Instrument 43- 101.
For further information on Radius Gold Inc., please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com).
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President
Investor relations: Ralph Rushton / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.5-million
Associated File:
http://www.radiusgold.com/i/pdf/NR/NR-Feb112008.pdf
41 KB in size, approx. 9 seconds to download at 56.6Kbps
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Copyright (c) 2008 RADIUS GOLD INC. (RDU) All rights reserved. For
more information visit our website at http://www.radiusgold.com/ or
send mailto:news@goldgroup.com
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