Extended Drill Program On Plata Verde Silver Project

VANCOUVER – Radius Gold Inc. reported on the exploration program on its Plata Verde silver project in Chihuahua, Mexico.  Radius, in partnership with Minera San Julian, S.A. de C.V., a wholly owned subsidiary of Fresnillo plc, are targeting bulk minable, underground silver resources at the historic Plata Verde mines.

The first batch of assay results from Plata Verde’s drill program has been received, with the first four holes, PV-01 to PV-04 totalling approximately 900m in drilling, focused on the eastern side of the valley. These initial drill holes cut several zones of low-grade silver mineralization and indicate limited potential for an economic discovery in the eastern extension of silver mantos. However, encouraging results have been achieved on the western side of the valley with drill holes PV-05 through PV-08 showing greater thickness of the basaltic host rock and improved visual mineralization.

The most recent hole drilled, PV-09, located further northwest, the Plata Verde Drill Program, intersected visually improved results, cutting through greater width of basaltic host and encountering visibly the most attractive mineralization seen so far in this drilling program. The improving visual results as the drill rig moves west has prompted the JV partnership to extend the planned drill program, adding three additional drill holes to test the extension of this target zone.

“We are excited to continue drilling at Plata Verde, particularly with the results from PV-09,” stated Bruce Smith, CEO/President. “The decision to extend the drill program reflects our commitment to fully explore and unlock the potential of this project.”