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Re: News Release - Thursday, September 06, 2007
Radius' Tambor Exploration Adit Returns 74.5g/t Gold over 3.4m
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Vancouver, Canada: Simon Ridgway, the President of Radius Gold
("Radius" TSX-V: RDU), would like to provide an update on the Tambor
gold project. Assay results have been received for sampling of the
Guapinol vein in the exploration adit at the Tambor gold project in
Guatemala. The vein was sampled on both sidewalls of the adit and gave
results of:
.. 74.5 g/t Au over 3.40m* from the vein on the east tunnel wall (est.
true width 3.28m)
.. 77.7g/t Au over 2.40m from the vein on the west tunnel wall (est.
true width 2.32m)
*includes 0.2m of quartz veining on HW
The sampling results are very similar to those returned in 2003 for
hole DH-033 which cut 80.5g/t Au over 5.3m from the same quartz vein
(see Radius' news release dated August 13th 2003.) Crosscut CW-1,
parallel to the adit and 12.35m to the west, cut the vein on the east
wall of the cross cut, where it assayed
.. 26.0 g/t Au over 0.9m from the vein on the east tunnel wall (est.
true width 0.87m)
.. 0.39 g/t Au over 2.0m from weak quartz veining on the west tunnel
wall.
>From crosscut CW-1 and previous drilling, it is interpreted that the
vein has an easterly plunge, with its base barely intercepted in
crosscut CW-1.
A second crosscut, CW-2, has been started 12.0m to the west of CW-1,
which is targeting the several mineralized intervals in drill hole
DH-030 including 5.8 g/t Au over 6.6m and 20.2 g/t Au over 0.5m
(intercept lengths). Crosscut CW-2 is currently 9.2m deep.
The primary objective of the underground work is to better understand
the main structural controls on the quartz-gold mineralization and
hence the potential to develop additional resources. Plans for the next
development will entail testing the vein continuity to the east of the
adit, by extending the vein-parallel tunnel and driving 1 or 2 short
crosscuts. An updated map and cross section of the tunnel has been
posted at www.radiusgold.com .
Background
The Tambor properties host an orogenic lode gold belt, discovered by
Radius in 2000 and explored by Gold Fields under joint venture until
2004. Gold Fields drill tested the Guapinol, La Laguna, Poza del Coyote
and Cliff zones and outlined a 43-101 compliant resource of 216,000 2
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) prepared by Chlumsky, Armbrust and Meyer LLC (CAM) of Lakewood
Colorado (see Radius news release dated December 10th, 2003). The new
structural information may be used to further evaluate the known
mineralized zones and targets within the Tambor belt. 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.
Assay Protocol & Qualified Person
All sample preparation and analyses were conducted by CAS Laboratories
in Tegucigalpa, Honduras, with check assays undertaken by Acme
Laboratories in Vancouver. Samples were analyzed for Au, using a 30
gram pulp with Fire Assay, AA finish.
Qualified Person
Mr. Gregory Smith, P.Geo., a member of the Association of Professional
Engineers and Geoscientists of BC , and a "Qualified Person" in
accordance with National Instrument 43-101, is the Company's Qualified
Person as defined by National Instrument 43-101 and is responsible for
the accuracy of this news release.
For further information on Radius Gold Inc., please call toll free
1-888-627-9378 or visit our web site (www.radiusgold.com).
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, President
Investor relations: Ralph Rushton
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.4-million
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release
Associated File:
http://www.radiusgold.com/i/pdf/NR/NR-sep062007.pdf
50 KB in size, approx. 10 seconds to download at 56.6Kbps
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Copyright (c) 2007 RADIUS GOLD INC. (RDU) All rights reserved. For
more information visit our website at http://www.radiusgold.com/ or
send mailto:info@radiusgold.com
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