Vancouver – With the price of gold moving to 5-year highs, junior Radius Exploration (RDU-V) could not have picked a better time to deliver promising drill results from its wholly owned Holly property in eastern Guatemala.
The first round of drilling tested a low sulphidation epithermal gold system with mineralization structurally controlled in volcanosediments and lagoonal calcareous mudstones on the north side of a rhyolite dome.
Highlights from three separate zones of mineralization include:
- Hole 1 – 14.2 metres grading 4.14 grams gold and 150 grams silver,
- Hole 4 – 6 metres grading 43.56 grams gold and 1,617 grams silver
- Hole 5 – 10.6 metres grading 7.95 grams gold and 263.4 grams silver,
Hole 7 tested the mineralization in hole 1 some 35 metres lower returning 9 metres grading 1.84 grams gold and 45.1 grams silver.
The 7-hole program tested 6 propsects over a 1 sq. km area.
Further drilling is planned for the New Year.
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