| ||Simon Ridgway, President of Radius Gold Inc. (TSX-V: RDU) is pleased to provide an update on recent work on a new gold discovery in northeast Nicaragua. Recent stream sediment and reconnaissance rock sampling within the Region Autonoma Atlantico Norte (RAAN) in northeastern Nicaragua identified vein float, and notable amounts of free, visible gold in stream sediment and quartz float in two areas. An application for two new exploration concessions, the Santo Domingo and La Ampola concessions, was successful and the concessions were recently granted to Radius. The area covers at least two new epithermal vein systems exposed on a series of low-lying ridges. A map showing the location of the Santo Domingo property can be found on the Radius website at www.radiusgold.com.|
At Trébol, a gold-bearing epithermal system comprising 3 individual vein trends was mapped over a distance of 2 km. The veins are of typical low-sulphidation affinity and comprise banded quartz breccias and stockworks, with visible gold noted at some locations. Trenches were excavated at four locations over a strike length of 1.2 km, and the limits of the mineralized system are still unknown. The prominent low ridges that appear to define the mineralized bodies continue along trend for several kilometers and have yet to be prospected.
Trench Number Sampled Interval Weighted Average Au g/t
TRSD-01 13.5 0.24
TRSD-02 10.4 1.34
TRSD-03 18.0 1.46
TRSD-04* 10.5 9.1
* includes 0.75m @ 13.1 g/t Au and 0.75m @ 66.2 g/t Au with
abundant visible gold observed
Trenches TRSD-01 to -03 are located in a broad, well developed stockwork zone whereas trench TRS-04, topographically lower, exposes a quartz/adularia banded vein with abundant visible gold associated with manganese and iron oxides.
The Company is highly encouraged by the results of this initial broad-based sampling and believes that the property has the potential to host a major epithermal vein system with significant strike extent.
This prospect is located in a remote region of northern Nicaragua where environmental and social issues must be considered at every stage of the development. Radius's exploration team is therefore establishing an exploration camp and will work closely with the local communities at each step of the exploration program to ensure broad community support for the work. Further geological work is planned -including mapping, prospecting and excavating of more trenches- in order to define the size of the mineralized system.
Work is also underway on another epithermal system exposed on the Ampola concession, also in northeast Nicaragua, and will be reported at a later date. Several other applications in this region are pending.
Assay Protocol & Qualified Person
All sample preparation and analyses were conducted by CAS Laboratories in Tegucigalpa, Honduras. Samples were analyzed for Au, using a 30 gram pulp with Fire Assay, AA finish.
The information in this release was prepared under the supervision of Mr. Gregory Smith, a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a "Qualified Person" in accordance with National Instrument 43-101.
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
Investor relations: Ralph Rushton
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.3-million
You can view the Next News Releases item: Wed Jul 18, 2007, Exploration Adit at Radius's Tambor Gold Project Intersects Quartz Vein with Visible Gold
You can view the Previous News Releases item: Tue May 8, 2007, Radius Appoints New VP Exploration
You can return to the main News Releases page, or press the Back button on your browser.