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Radius Gold Reports Results from Diamond Drilling Program on Blue Hill Project

Radius Gold Inc. announces that it has received, after a long delay at the analytical lab, the results from its Q4 2014 diamond drilling program on the Blue Hill project in southeastern Idaho (see news release of July 14th, 2014).

Five diamond drill holes totalling 1,308 m were drilled between August 30th and October 24th, 2014. The drill program and results are summarized on the Blue Hill project page on Radius's website, and selected results are set out in the Appendix to this news release.

The drill program was designed to test geophysical resistivity anomalies in the Paleozoic basement rocks to the historically known surface mineralization, which is hosted by Cenozoic-aged volcanic rocks. The geophysical resistivity anomalies were interpreted as possibly representing subvertical structural zones that could correspond to feeder systems to the surface mineralization. Drill holes BHC14-01, 02, and 03 were drilled through two separate resistivity anomalies, and did not encounter any structural feature, mineralization, or alteration zone related to a deep feeder system. Drill holes BHC14-04 and 05 tested interpreted structural corridors for near-surface mineralization.

Although the near-surface mineralized intervals intercepted were consistent with historical drilling results in the same area, the drill program did not meet its primary objective of identifying feeder structures. Post-mineral faulting may have offset the near-surface mineralization from its underlying feeders, or the hydrothermal plumbing system may not have passed through the Paleozoic strata where drill-tested. More exploration work would be required to follow up on these results. At this time the Company is considering its options for further exploration work on the property.

Source: http://www.radiusgold.com/

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