An intrusion-related gold project close to the the White Gold and Livengood projects.
Location
The property is located approximately 75 km due west of Dawson, adjacent to the Yukon-Alaska border. Access to the claims is by the posted 15-km long Sixty Mile road, from the Top of the World Highway
Ownership
100% Radius- Core Asset
Geology and History
The Sixty Mile property, which was never glaciated, covers 6 creeks or rivers with active placer gold mining for which no hard rock source has been found. Historical production from the Company's land position is reported to exceed 500,000 oz of placer gold. Radius consolidated the property through claim staking and option deals.
The regional geology, geochemical signature and structural setting have strong similarities to International Tower Hill's (TSX-V: ITH.V) Livengood gold discovery in Alaska, a world class multi-million ounce gold deposit discovered during the search for the source of placer gold in the area. Placer gold was first discovered in the Sixty Mile district in 1892 when C. Miller staked claims on what was to become known as Miller Creek. Gold mining has continued in the district to the present day. The area was targeted by Kennecott in their Yukon-Alaska intrusion-related bulk tonnage gold program in the 1990s. They conducted a property-wide reconnaissance soil and stream geochemical sampling program, geological mapping and a 640 line-km helicopter magnetic and radiometric survey.
The soil sampling defined several arsenic/gold anomalies, including a coherent 1.5 km x 2 km-diameter, gold-arsenic soil anomaly on the south side of lower Miller Creek. Mechanized trenching at the accessible southern edge of this anomaly revealed easterly striking sheeted mesothermal quartz veins returning 1.6 g/t gold over a 13 meter interval. Kennecott noted that the mineralization is very similar in style to that found in other metasediment-hosted granite-related porphyry gold systems within the Tintina Gold Belt and that additional work consisting of further soil sampling, trenching and drilling was required to delineate and define the anomaly. However, no further work has been conducted on the property by Kennecott or any other party.
Work Plan
With a camp established, and detailed field work underway, Radius is now permitting a phase 1 diamond drill program for Q3 of 2010.
