Bullboard - Stock Discussion Forum Radius Gold Inc V.RDU

Alternate Symbol(s): RDUFF

Metals & Mining Gold

Radius Gold Inc. is engaged in the acquisition and exploration of mineral properties and investment in companies, which hold mineral property interests. It has a portfolio of projects located in Mexico and Guatemala. Its projects include Plata Verde Project, Amalia Project (including the Palmillas Property), Holly Project, and Motagua Norte Project. The Plata Verde Project is located north of... see more

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Radius Gold Inc > Coincidence? Rackla news.

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Post by loonietunes on Oct 21, 2020 10:19am

Coincidence? Rackla news.

From Monday.

Rackla completes summer field program at Rivier

2020-10-19 09:27 ET - News Release

Mr. Bruce Smith reports

RACKLA METALS COMPLETES SUMMER EXPLORATION PROGRAM AT ITS RIVIER GOLD PROJECT, YUKON

Rackla Metals Inc. has completed the summer field program at its Rivier project in Yukon. As the COVID-19 restrictions eased in Yukon, Rackla mobilized a team to Rivier to conduct this year's exploration program.

The Rackla team completed prospecting, rock chip sampling and geological mapping on the property, focusing on the areas of high gold in soil anomalies identified by previous work on the prospect. The plus-400-line-kilometre airborne magnetic survey conducted over the property by Precision GeoSurveys Inc. was complemented by a ground magnetic susceptibility survey that will enable accurate modelling of the targets. Results from the geochemistry, geology and geophysics programs will be released in the coming weeks and updated drill targets will be developed for the next field season.

The consolidated Rivier project (116 claims) covers lode gold mineralization of the Motherlode type. Previous soil and silt sampling programs have defined a plus two km long, strong broad gold and pathfinder anomaly along a faulted contact of an ultramafic body. The anomalous gold in soils appear to be associated with mapped Listwanite alteration of the ultramafic body. With several soil samples running over two grams per tonne gold, this broad zone contains potential for significant gold mineralization.

Technical information

Bruce Smith, MSc (geology), a member of the Australian Institute of Geoscientists, is Rackla's qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and has prepared and approved the technical information contained in this news release.

About Rackla Metals Inc.

Management of Rackla Metals is encouraged by the renewed strength in the precious metals market and is actively seeking new projects for acquisition as the company continues to advance its Rivier project in Yukon.

We seek Safe Harbor.