Radius Gold starts drilling in Nicaragua

Simon Ridgway, President of Radius Gold Inc. announces the commencement of a diamond drilling program that will test its 100%-owned Trebol, La India Norte and Estrella de Oro gold properties in Nicaragua. A minimum 3,000m of drilling is planned.

Drilling has begun on the Company’s Trebol property (42,193 hectares) located in northeastern Nicaragua, where epithermal gold mineralization is associated with a series of intensively silicified ridges.

Drilling will be undertaken initially in the south-western part of the zone in the vicinity of Trench 4 (35.25m at 4.9 g/t Au including 17.6 g/t Au over 8.35m) and Trench 15 (33.8m at 3.4 g/t Au, including 15m at 6.1 g/t Au). These trenches are located approximately 1km apart along the same silicified ridge.

Outcrop at Trebol is virtually nil due to thick vegetation and soil cover, and seventeen widely-spaced trenches excavated to date define an altered and mineralized zone with a strike extent of at least 6 kilometers.

The trenching has exposed zones of gold mineralization associated with typical epithermal quartz textures of low-sulphidation affinity, including banded, drusy and cockade quartz veins and veinlets, intercalated with stockworks and strongly silicified breccias.

All trenches generally start and end in altered and mineralized rock.

The preliminary drill program is being designed to test the sub-surface continuity of the gold grades observed in selected trenches and to give geological and structural information on the geometry and controls on mineralization which will be used to further explore the property.

Approximately 8 holes are anticipated (about 1,000m of drilling) in this initial stage. The size of the mineralized system at Trebol is as yet undefined, and reconnaissance sampling of sub-crop and float associated with adjacent ridges up to several kilometers away from the main zone at Trebol have assayed from trace to 12.8 g/t Au, with follow-up work pending.

The Company believes that the broad widths of higher grade massive veins and lower grade stockworks as observed in the trenches may indicate potential for bulk-tonnage mineralization.