Radius Gold Inc.
TSX.V: RDU     $0.11

Amalia Project

Amalia Project

The 380ha property is located approximately 25 km SW of the historic Guadalupe y Calvo mining district in Chihuahua, Mexico. Amalia Project is unexplored, with only minor historic artisanal-scale mining of surface outcrop known. There is no known history of previous systematic exploration of the property. Epithermal Au-Ag mineralization has been sampled[SW1] by Radius in several veins, vein breccias and disseminated zones over 3.5km of strike length and a 600m vertical interval following the trace of a large regional fault zone.

At the main target area, known as Campamento, a 70-meter-wide zone of intense silicification, and brecciation with massive and stockwork veining has been mapped at the contact between the upper Rhyolite and lower Andesite volcanic sequence. Twenty-two rock chip samples were collected by Radius at Campamento, from an area 250m x 70m. The samples ranged from 0.004 to 33.3 g/t Au and 1.4 to 288 g/t Ag. With results capped at 5 g/t Au, these samples averaged 0.75 g/t Au and 65 g/t Ag. The silica is chalcedonic banded and amorphous indicating a high level within the epithermal system.

Approximately 700m along strike to the SE of Campamento, and 200m vertically below, Radius geologists sampled the Guadalupe zone where intensely silicified, sulphide rich fault zones are exposed in two historic workings separated by 120m. During the initial evaluation only two rock chip samples were collected from Guadalupe zone:
  • AGU023 graded 20.3 g/t Au and 5360 g/t Ag over 1.2m
  • MX90439 graded 3.05 g/t Au and 476 g/t Ag over 1.3m
The Guadalupe area is steep and bush covered with limited exposure, hence the extent of the mineralized zone is not yet known. However, locating this high grade mineralized structure on strike and below the high level silica system of Campamento is very encouraging.

Elsewhere along strike to the East and West of Campamento sampling has returned anomalous to high grade results in veins and vein breccias both within the upper volcanic Rhyolite sequence and within the lower Andesites. With Au-Ag mineralization occurring over a vertical interval of 600m in multiple targets over 3.5km strike length, Radius believes there is excellent potential for a significant discovery at Amalia. Exploration will commence immediately.

The Agreement

Radius can earn a 100% interest in the Amalia Project by making an immediate cash payment of US$5000 (paid) and by completing staged payments over a period of 5 years totaling US$845,000 cash and, subject to stock exchange approval, US$15,000 in Radius shares.