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Radius Gold Inc. has been exploring for gold in Latin America for nearly a decade, and has assembled interests in a portfolio of promising gold projects throughout the region. In Guatemala, Kappes Cassidy is developing a high grade gold mine on Radius's Tambor project under a joint venture/earn...

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Published in:	M2 Presswire
Format:	Newsletter
Language:	English
Published:	Coventry Normans Media Ltd 02.06.2010
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Summary:	Radius Gold Inc. has been exploring for gold in Latin America for nearly a decade, and has assembled interests in a portfolio of promising gold projects throughout the region. In Guatemala, Kappes Cassidy is developing a high grade gold mine on Radius's Tambor project under a joint venture/earn-in agreement. In Nicaragua, B2Gold is exploring Radius' extensive land holdings and investigating early gold production opportunities at the Pavon project. In Peru, Radius has optioned the Nueva California project to Focus Ventures for a substantial equity holding in Focus and royalty interests in any future production from the project. In the Yukon Territory, Radius has acquired interests in various areas by staking and option agreements and has in turn optioned out portions in return for equity positions and carried interests in the properties. VANCOUVER, Apr 29, 2010 -- Radius Gold Inc. (TSX-V: RDU) - Radius Gold is pleased to announce that it has reactivated its Banderas & Holly projects in eastern Guatemala. Radius discovered and drilled these gold-silver projects between 2002 and 2004 when gold and silver spot prices were close to their record lows. However, recent discoveries in the region underscore the potential of the district and have lead Radius' technical team to review the geology and the results obtained by the previous work. Upon review, and with the present gold/silver price in mind, management feels that these projects warrant a significant investment in further drilling. At Banderas, Radius completed 2 phases of drilling in 2003 and 2004 (see Radius news releases dated December 3, 2003 & April 3, 2004). The drilling was successful in confirming continuity of gold-silver mineralization both along strike and at depth on at least two of the targets tested: - At the M28 Zone, so called for the 28 g/t Au discovery sample, gold mineralization is hosted in a flow breccia at the base of a rhyolite flow unit where it contacts an underlying andesite unit. Eight holes, drilled on two section lines, were drilled through the rhyolite to test the breccia. Holes BDD-003 to BDD -008, BDD-018 and BDD-019, all cut potentially important Au+Ag mineralization. - A second target, a north-south trending soil and rock anomaly with a strike length of over 2km, was superficially tested with six holes.