Radius & Coastport Provide Update on San Ramon Drilling, Nicaragua; Radius Starts Trading on OTCBB Under Symbol RDUFF.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Radius radius, in anatomy: see arm. (Remote Authentication Dial-In User Service) The de facto standard protocol for authentication servers (AAA servers). Gold Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RDUFF)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:RDU RDU Remote Display Unit RDU Rassemblement pour la Démocratie et l'Unité (French: Rally for Democracy and Unity, Mauritania) RDU Reasonable Drivers Unanimous RDU Remote Diagnostic Unit (Bendix ABS) ) ("Radius") and Coastport Capital Inc (TSX VENTURE:CPP cpp - C preprocessor. )("Coastport") are pleased to announce that 10 diamond drill holes (1,550m total drilling) have been completed on the San Ramon San Ramon (Spanish for "Saint Raymond") may refer to one of the following places:
v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. for the Christmas holiday and will re-commence following the break. Ten holes have been completed on or beneath the Rosamond and La Leonesa vein systems. Veins and/or wall rock stockwork and breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. zones were intersected in most holes confirming what was seen and suspected from the surface trenching completed last year. A brief description of each hole is given below and a map showing drill collar locations is available on the Radius Gold web site (www.radiusgold.com). Sampling will be completed to the end of Hole 8 before the holiday break, and available samples will be sent to the CAS laboratory in early January. The remaining holes will be sent as they are cut and sampled. Significantly, reconnaissance  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. prospecting on a newly acquired license in the San Ramon area has discovered a previously unknown vein exposed for 900m along strike in an area 5km southeast of the San Ramon veins. A concession application has been filed to cover the new discovery and more detailed work on this zone will start soon. Background The San Ramon camp hosts several major high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. epithermal gold quartz quartz, one of the commonest of all rock-forming minerals and one of the most important constituents of the earth's crust. Chemically, it is silicon dioxide, SiO2. veins, a number of which were mined in the early to mid 1900s. Surface and underground workings evidence strike lengths in excess of 1500m on individual veins. Radius' historic sampling indicates that the veins and their oxidized oxidized having been modified by the process of oxidation. oxidized cellulose see absorbable cellulose. wall rocks have the potential to host significant gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . Radius work to date has focused on the La Leonesa and Rosamond veins. Narrow high grade veins were mined at La Leonesa from 1902 to 1919. The veins strike east/west and dip steeply to the south. There are no production records and the depth of mining is unknown. Old workings suggest a strike length of over 1,000m for the Leonesa Vein. The Rosamond Vein, located 1.5km southeast of the Leonesa, strikes east-west and dips to the north at 45 degrees to 60 degrees. The vein was mined over a strike length of 500m to an unknown depth. Radius' trenching at La Leonesa returned a best intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 4m @ 5.9 g/t Au from the apparent hangingwall of the main epithermal vein. Channel sampling at Rosamond returned a best section of 12.3g/t over 4.5m from the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. , and 13.6g/t Au over 1.9 from the hanging wall. Very little is known about the potential grades of the actual veins down dip from the historical mine workings. Coastport has the exclusive option to acquire from Radius an undivided UNDIVIDED. That which is held by the same title by two or more persons, whether their rights are equal, as to value or quantity, or unequal. 2. Tenants in common, joint-tenants, and partners, hold an undivided right in their respective properties, until 50-per-cent legal and beneficial interest in the property in by spending at least $1-million (U.S.) by December 31, 2005 and at least $2-million (U.S.) by July 1, 2006. Corporate Activities In other news, Radius is pleased to announce that its application for a listing of its common stock on the Over The Counter Bulletin Board (OTCBB) in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. has been cleared by the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. . Accordingly, Radius' shares now trade on the OTCBB under the symbol "RDUFF" in addition to the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol RDU. Qualified Person Statement Harmen Keyser, P.Geol., a Director of Radius, is the Qualified Person as defined in NI 43-101, responsible for overseeing the design and execution of the San Ramon drill program. ON BEHALF OF THE BOARD Simon Ridgway, President Symbol: TSXV-RDU; OTCBB-RDUFF Shares Issued: 52.3-million
San Ramon Drill Log Summary
All depths downhole.
Rosamond Vein
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Hole No. End of Hole Comments
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SRDH 1 210m Two mineralized zones: 96m to 103m
Azimuth 200 degrees and 123m to 124m. Mineralization
Dip -70 degrees consists of brecciated blocks of
andesite in a quartz-calcite
groundmass with traces of a silver
grey mineral (galena?).
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SRDH 2 112.8m Cut quartz vein between 73m to 76m
Azimuth 180 degrees and a smaller zone from 82.4m to
Dip -50 degrees 83.1m. Main zone includes massive
veins to 20cm thick, and quartz-vein
breccia.
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SRDH 3 156.7m Drilled to undercut SRDH-2.
Azimuth 180 degrees Intersected quartz vein at 109m with
Dip -80 degrees 2m banded vein with druzy and vuggy
textrues and MnO from 111m to 113m.
From 113m to 146m the core contained
quartz veins throughout.
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SRDH 4 150m Intersected vein zone 93m to 113.5m.
Azimuth 200 degrees From 100.6m to 105.3m, the core
Dip -50 degrees contained 20% to 30% druzy silica,
vuggy with MnO and green clays. From
103.3m to 104.8m was lost (stoped
out by mining?) Between 105.3m to
113.5m, quartz veins up to 10cm,
locally strong MnO.
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SRDH 5 202.7m Same collar position as SRDH 4. Cut
Azimuth 135 degrees 7.8m of quartz-vein, quartz-filled
Dip -90 degrees breccia, and silicification with
galena to 1% from 145.4m to 153.2m.
From 165.3m to 169.4m cut 4.1m of
quartz-vein, quartz-filled breccia,
and silicification with trace pyrite
and galena.
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La Leonesa Vein
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Hole No. End of Hole Comments
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SRDH 6 232m Cut 5.3m vein zone, containing 20%
Azimuth 360 degrees to 60% vein quartz in breccia.
Dip -65 degrees Individual veins to 5cm, with 2%
disseminated pyrite from 164.7m to
170.0m.
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SRDH 7 102m From 62.2m to 83.5m cut quartz vein
Azimuth 360 degrees and quartz-filled breccia with 10%
Dip -70 degrees to 70% quartz in argillic altered
andesite with disseminated pyrite
to 2%.
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SRDH 8 128m Cut vein quartz breccia and
Azimuth 360 degrees silicification between 96.1m to
Dip -50 degrees 103.0m. The main zone consists of
with quartz breccia and
silicification up to 30% to 40%
quartz, and trace drusy amythyst.
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SRDH 9 180m From 128m to 140m, cut quartz
Azimuth 360 degrees breccia and veinlets up to 10cm
Dip -65 degrees thick associated with
silicification, quartz filled
breccia and strong alteration.
Quartz averages about 20% to 30%
through this interval.
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SRDH 10 85m Cut about 30m of variable alteration
Azimuth 360 degrees and quartz stringers from
Dip -65 degrees approximately 40m downhole. Zone
consists of quartz stringers and
veins to up to 5cm thick
individually.
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The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release. Radius Gold Inc. (TSX VENTURE:RDU) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :RDUFF) |
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