July 03, 2012 Fortuna Silver Reports High-Grade Gold and Silver Values at Radius's Tlacolula Property, Mexico | |
Vancouver, Canada: Radius Gold Inc. (TSX-V: RDU) is pleased to provide an update on recent work completed by Fortuna Silver Mines Inc. (NYSE: FSM; TSX: FVI) on Radius Gold's Tlacolula Property, Mexico. Fortuna has an option to acquire a 60% interest in the Tlacolula Property by making cash payments and share issuances to Radius, and by completing expenditures totaling US$2 million on the property (see Radius news release dated Sept. 23, 2009). Fortuna reports that surface mapping and sampling has identified a large and untested low sulfidation epithermal vein system in the Tlacolula area of central Oaxaca. Highlights of the surface channel sample results include the following mineralized intervals:
Qualified Person David Clark, M.Sc., P.Geo., a member of the Association of Professional Engineers and Geoscientists of British Columbia, is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this news release. Mr. Clark has verified that it is an accurate summary of the reports provided to Radius by Fortuna. However, Radius has not independently verified Fortuna's exploration results. About Radius Radius has been exploring for gold in Latin America for over a decade. It has assembled interests in a portfolio of promising gold projects in Guatemala and Nicaragua, and a number of 100% owned exploration plays, including extensive landholdings in southern Guatemala. Please call toll free 1-888-627-9378 or visit our web site (www.radiusgold.com). ON BEHALF OF THE BOARD "Simon Ridgway" Chief Executive Officer Investor relations: Jaclyn Ruptash Symbol: TSXV-RDU; OTCBB-RDUFF Shares Issued: 86.6-million Forward-Looking Statement Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Radius Gold Inc. Actual results may differ materially from those currently anticipated in such statement. | |
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