Radius Gold Inc.
TSX.V: RDU     $0.27

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 April 19, 2005
Radius gets 3m @ 12.2g/t Au from San Pedro Project, Nicaragua

 


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Vancouver, Radius Gold Inc ("Radius") is pleased to provide additional results from recent sampling at its 100%-owned San Pedro epithermal gold project in east-central Nicaragua. Trenching on the property has returned high grade gold results of 12.2 g/t Au over 3.0m in trench PM1-B7. Grab sampling of the Buena Vista area has returned assay results ranging up to 44.2 g/t Au in vein and vein float material. A summary table of significant results from the most recent trench sampling is shown below and a map with the most recent sample results is available on the Radius web site ( www.radiusgold.com ).

The overall area of known mineralization at San Pedro is now 11-12km along strike and 5km across, open to the southwest, southeast and east. Radius' exploration effort is being focused on San Pedro and the pace of vein discovery has accelerated. To date more than 15 veins have been identified on the property.
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Vein  Trench   Interval (m)   Au Grade (g/t)
---------------------------------------------
PM1   PM1-A9        2.2             6.7
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      PM1-A11       1.0             1.8
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      PM1-A12       2.0             3.5
---------------------------------------------
      PM1-B5        3.0             3.1
---------------------------------------------
      PM1-B6        4.0             1.8
---------------------------------------------
      PM1-B7        5.0             7.7
---------------------------------------------
     includes       3.0            12.2
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      PM1-B8        2.5             1.8
---------------------------------------------
      PM1-C2        2.0             8.7
---------------------------------------------
More high-grade gold-bearing quartz veins have been discovered in the Buena Vista area, 10km south of PM1 Zone. Grab samples grading up to 26.3 g/t Au and 44.2 g/t Au have been discovered during recent sampling. Previous grab sampling of vein and vein float material in the area returned results ranging up to 10.4g/t Au. The Buena Vista zone is at an early stage of exploration, with work limited to following and sampling veins exposed on surface. Panning of streams four kilometres southwest of the Buena Vista zone has identified visible gold in five adjacent streams along three kilometres of a major regional structure.

A newly discovered vein to the south of the PM Zone trenched area has returned very encouraging results. Grab sampling of vein material returned assays from trace to 5.8g/t Au over a strike length of approximately 650m.

Current work is focusing on the Las Minas zone, five kilometres southeast of PM1, where reconnaissance sampling returned 38.2 g/t Au across 1.5m. This vein had earlier returned 3 reconnaissance grab samples greater than 10 g/t Au along 300m of strike. A grab sample of vein quartz collected from the Zona Felix to the southeast in an area with four parallel veins, assayed 30.4 g/t Au. The initial soil sampling program will be followed-up by an extensive program of grid soil surveying to the south of the PM zone and another to cover the Buena Vista zone and the Zona Felix.

Background

San Pedro was discovered by Radius' field teams following up on local stories of old workings in the area. Exploration trenches, pits, tunnels are found in the PM Zone and, less commonly, in the Las Minas and Feliz Zones. There is evidence of a small stamp mill near the PM1-B vein. The condition of the workings suggests that the prospect was explored about 50 years ago.

San Pedro appears to be hosted by a 10km-diameter caldera formed on a major extensional regional structure. Rhyodacite domes were intruded into a bimodal sequence of mafic, felsic and mixed pyroclastic rocks and basalt flows within the caldera, along the regional structures which also host the gold-bearing epithermal veins. Gold mineralization at San Pedro shows evidence of being at a high level in the epithermal system, which would indicate that the entire mineralized system has been preserved.

Qualified Person

Nancy Reardon, M.Sc., P.Geol. is the Qualified Person as defined in NI 43-101 responsible for verifying that the results presented in this press release are an accurate summary of the work completed to date by Radius at San Pedro.

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

"signed"
Ralph Rushton,
VP Corporate Development

Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.3-million
 
 

You can view the Next News Releases item: Wed Jun 1, 2005, Radius Provides Exploration Update

You can view the Previous News Releases item: Thu Apr 14, 2005, Radius Provides Update on San Pedro Project, Nicaragua

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