| ||Vancouver, Canada: Simon Ridgway, the President of Radius Gold Inc. (TSX-V: RDU), is pleased to announce that the exploration tunnel and four cross-cuts have been completed at the Guapinol vein at the Tambor gold project in Guatemala. Sampling of the crosscuts has been completed and results received for all but the second cross cut to the East (CE-2) - these results are pending.|
Crosscut CE-1, parallel to and 12.75m to the east of the main adit, intercepted a vein zone with 3 veins, where it assayed:
Crosscut CE-2, parallel to the adit and 22.75m to the east, intercepted on the west wall a 2.69m wide vertical quartz vein, where trace visible gold was observed. The vein is cut off at an acute angle by a 0.3 to 0.4m wide fault gouge zone with fragments of quartz vein and phyllites, with a 0.3m wide vein fault-wedge exposed on the east wall. Results are pending.
- 65.64 g/t Au over 4.45m from the vein zone on the East tunnel wall
- 25.78 g/t Au over 4.38m from the vein zone on the West tunnel wall
Crosscut CW-2, parallel to the adit and 24.8m to the west of the main adit, intercepted a thin vein, where it assayed
These results and those reported previously from Crosscut CW-1 (see press release 6 September 2007) continue to support the interpreted easterly plunge for the quartz vein, with its base intercepted in crosscut CW-2.
- 0.54 g/t Au over 0.8m from the vein on the East tunnel wall
- 0.50 g/t Au over 1.5m from the vein on the West tunnel wall (from 2 veins 0.2m and 0.4m wide)
The work done demonstrates the along strike continuity of the structure and the persistence of the high gold-grades in the quartz bodies. The interpreted easterly plunge of the vein would therefore suggest that the mineralization remains open to the west (vertically above CW-2 and partly defined by 2003 drilling) and to the east.
A bulk sample from the vein in the adit has been collected and will be sent for metallurgical testing to determine the amenability of the ore for gold recovery.
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 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 10, 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. Samples were analyzed for Au, using a 30 gram pulp with Fire Assay, AA finish. Check assays are undertaken by Acme Laboratories in Vancouver.
The scientific and technical information in this release was prepared under the supervision of Mr. David Cass, Radius's Vice-President of Exploration, who is 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 / Erin Ostrom
Symbol: TSXV-RDU; OTCBB-RDUFF
Shares Issued: 53.5-million
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