Radius Gold Inc.
TSX.V: RDU     $0.27

Projects

Bald Peak Project, USA

Overview
The 15-square-kilometre Bald Peak property is a highly prospective hot springs sinter gold project, located in the Aurora and Bodie mining districts within Nevada's Walker Lane Gold Belt.

The property is 100% owned by Radius Gold Inc. and consists of 140 unpatented Nevada mining claims and 11 California mining claims and a California state prospecting permit.

Highlights
  • Extensive veined and brecciated sinters running up to 1.91 g/t Au (Picture 1-3)
  • High grade multiphase vein float around sinter up to 8.12 g/t Au (Picture 4)
  • Parallel to Bodie-Aurora-Borealis epithermal mineralization trend with combined estimated production of >3 Moz Au at over 10 g/t (Figure 1)
  • Resistive body extending over 1200m below the outcropping brecciated sinter; likely feeder structure and compelling drill target (Figure 2)
  • Over 6 km strike length of Au-bearing sinters, breccias and qtz-adularia veins (Figure 3)
  • Anomalous soil geochemistry along 6 km strike length; including Au up to 1240 ppb, Sb up to 358 ppm, As up to 1265 ppm, Hg up to 229 ppm (Figure 4)

Geology
The Bald Peak Property is a low-sulfidation epithermal sinter gold prospect located within Miocene volcanic centers known as the Bodie Hills Volcanic Field (BHVF). The BHVF is host to several high-grade gold mines, including Aurora, Bodie and Borealis, which are near the Bald Peak Property and formed in a similar geological environment. Brecciated and veined sinter terraces outcrop along the length of the Property, evidence that the epithermal system is not eroded beyond its paleo-surface and is thus likely fully preserved. The main host rock is a trachyandesite which has undergone pervasive hydrothermal alteration. The most common alteration types are silicification and argillization with alteration assemblages including quartz, adularia, pyrite, illite, and smectite. Mineralization and alteration are structurally controlled.

Mineralization
The Bald Peak property is a classic high-level hot spring-related epithermal Au system. The highest grading samples (up to 8.12 g/t) occur in veins which outcrop along most of the 6 km strike length extent of the property. These veins are typically Fe-oxide or Mn stained and have sacharoidal/sugary, bladed, or boxwork quartz textures. The vein textures imply that they formed above the high-grade interval in the hydrothermal system.

Previous Work
Despite the Property's proximity to several Au-rich mining districts, the area has seen limited exploration activity. Several operators have acquired the property over the last 30 years and conducted geologic mapping and surface sampling. The area has seen very limited shallow drilling and its potential remains untested.


Radius Gold Inc. Work Programs
In 2017, following the acquisition, Radius conducted geological mapping, and rock and soil sampling programs and staked additional. In 2018 Radius conducted a CSAMT survey, more sampling, and visited planned drill holes. The company has collected 269 rock samples, and over 3,000 soil and stream sediment samples. Radius is currently working with the US Forest Service to permit an initial drill program.

Bald Peak Figures



Bald Peak Pictures