| ||NR RGI 7|
Vancouver: Radius Gold Inc. (TSX-Venture: RDU-V) is pleased to announce that a second phase of drilling has started at its Kuikuinita project in Nicaragua. The drilling will test for extensions to the high-grade silver and base metal zone intersected in hole KUDH-7, which returned 2.7m @ 774 g/t Ag, 2.2g/t Au. 1.9% Cu, 12.5% Pb and 6.6% Zn within a broader interval of 20.9m @ 0.8g/t Au, 226g/t Ag, 0.6% Cu, 3.4% Pb and 1.0% Zn (news release NR RGI 6, October 18, 2004).
Kuikuinita is located in central Nicaragua, approximately 50 km south of the Golden Triangle mining area which produced 5-million of gold from polymetallic veins and skarns. Mineralization at Kuikuinita is hosted by a sequence of mafic to ultramafic volcanics cut by intermediate dykes and stocks. The prospective area covers 3km by 2km.
Earlier this year, sixteen widely-spaced holes were drilled at Kuikuinita to test a bulk-tonnage, intrusive associated gold target outlined by previous trenching. Although the drilling failed to define the bulk tonnage target, several high grade sections were cut, including the polymetallic intercept reported above, and an interval of 12.9g/t Au over 2.8m from hole KUDH-10, hosted by a zone of massive pyrite with anomalous Pb, Ag, Zn, and Cu values.
Roughly 500m of drilling are planned for the current drill program, testing the mineralized Ag-rich polymetallic zone below and on strike with the previous intercept, and testing the pyritic zone in KUDH-10 which appears to be stratiform massive sulphide mineralization.
Although the presence of silver+gold+base-metal zones was suspected from surface trenching results, they represent a new style of mineralization on the Kuikuinita property, and their geometry is not clearly understood. The Phase 2 drill program will assist in interpretation and test the strike and depth potential of the high grade zones.
Mr. Harmen Keyser, P.Geol., a Director of Radius, is the Qualified Person as defined in NI 43 101, and has verified that the results presented in this press release have been accurately summarized from the drill data provided to the Company from the field teams.
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, President
Shares Issued: 52.2-million
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