| ||Vancouver, Canada: Simon Ridgway, the President of Radius Gold ("Radius" TSX-V: RDU), would like to provide an update on the Tambor gold project. Assay results have been received for sampling of the Guapinol vein in the exploration adit at the Tambor gold project in Guatemala. The vein was sampled on both sidewalls of the adit and gave results of:|
• 74.5 g/t Au over 3.40m* from the vein on the east tunnel wall (est. true width 3.28m)
• 77.7g/t Au over 2.40m from the vein on the west tunnel wall (est. true width 2.32m)
*includes 0.2m of quartz veining on HW
The sampling results are very similar to those returned in 2003 for hole DH-033 which cut 80.5g/t Au over 5.3m from the same quartz vein (see Radius' news release dated August 13th 2003.) Crosscut CW-1, parallel to the adit and 12.35m to the west, cut the vein on the east wall of the cross cut, where it assayed
• 26.0 g/t Au over 0.9m from the vein on the east tunnel wall (est. true width 0.87m)
• 0.39 g/t Au over 2.0m from weak quartz veining on the west tunnel wall.
From crosscut CW-1 and previous drilling, it is interpreted that the vein has an easterly plunge, with its base barely intercepted in crosscut CW-1.
A second crosscut, CW-2, has been started 12.0m to the west of CW-1, which is targeting the several mineralized intervals in drill hole DH-030 including 5.8 g/t Au over 6.6m and 20.2 g/t Au over 0.5m (intercept lengths). Crosscut CW-2 is currently 9.2m deep.
The primary objective of the underground work is to better understand the main structural controls on the quartz-gold mineralization and hence the potential to develop additional resources. Plans for the next development will entail testing the vein continuity to the east of the adit, by extending the vein-parallel tunnel and driving 1 or 2 short crosscuts. An updated map and cross section of the tunnel has been posted at www.radiusgold.com .
The Tambor properties host an orogenic lode gold belt, discovered by Radius in 2000 and explored by Gold Fields under joint venture until 2004. Gold Fields drill tested the Guapinol, La Laguna, Poza del Coyote and Cliff zones and outlined a 43-101 compliant resource of 216,000 2 ounces of gold in inferred resources (2.55 million tonnes @ 2.64 g/t Au) and 57,800 ounces in indicated resources (456,000 tonnes @ 3.94 g/t Au) prepared by Chlumsky, Armbrust and Meyer LLC (CAM) of Lakewood Colorado (see Radius news release dated December 10th, 2003). The new structural information may be used to further evaluate the known mineralized zones and targets within the Tambor belt. Targets for further exploration include two parallel east-west trending +50ppb gold-in-soil anomalies over a 7km trend between Laguna North and Guapinol South.
Assay Protocol & Qualified Person
All sample preparation and analyses were conducted by CAS Laboratories in Tegucigalpa, Honduras, with check assays undertaken by Acme Laboratories in Vancouver. Samples were analyzed for Au, using a 30 gram pulp with Fire Assay, AA finish.
Mr. Gregory Smith, P.Geo., a member of the Association of Professional Engineers and Geoscientists of BC , and a "Qualified Person" in accordance with National Instrument 43-101, is the Company's Qualified Person as defined by National Instrument 43-101 and is responsible for the accuracy of this news release.
For further information on Radius Gold Inc., please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com).
ON BEHALF OF THE BOARD
Simon Ridgway, President
Investor relations: Ralph Rushton
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.4-million
The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release
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