VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 1, 2016) - Radius Gold Inc. (TSX VENTURE:RDU) is pleased to
provide an update on recent activities in Nevada and other parts, including the staking of claims in the Aurora-Borealis
Corridor within the historic Aurora Gold district and the ongoing evaluation of the Spring Peak Property.
ABC Property, Aurora-Borealis Corridor, Nevada
Radius Gold has recently staked 122 contiguous federal mining claims (the "ABC Property") covering approximately 992 hectares
in the historic Walker Lane Gold Trend in Mineral County, Nevada. The ABC Property is located along the structural trend
that hosts the historic Aurora mining district, the Borealis mine and the historic Bodie mining camp in California. The gold
deposits in the Aurora-Borealis-Bodie district occur as both high grade vein-hosted low sulphidation deposits (Aurora, Bodie),
and as high-sulphidation alunite-kaolinite gold-deposits (Borealis). Total historical precious metal production along this
approx. 32 kilometer trend, from the mid-19th century to the mid-1990s, has been estimated at 4.0 million ounces Au, and 11.2
million ounces Ag (1).
The ABC Property covers seven kilometers of what management believes to be an untested portion of the structure that acted as
the plumbing system for these gold deposits, and is covered by thin extrusive trachyandesites of the Aurora Volcanic
Field. It is Radius's belief that no previous operator in the area has attempted to identify the regional structure beneath
these extrusive flows.
Mineralization
The ages of mineralization with the district span 6 million years (Ma) (Bodie 8.5 Ma, Aurora 10.5 Ma (2) and
Borealis 4.5 Ma (3), evidencing a long-lived structure that has facilitated significant fluid flow and produced three
significant gold deposits. Radius believes the long-lived and well-mineralized nature of this structure make the covered untested
sections compelling areas to explore for blind high-grade gold deposits.
Both oxidized and gold-sulphide deposits occur within the district, with gold-sulphide mineralization occurring at the bottom
of most pits, the most significant of which is beneath the Freedom Flats deposit (4). Previous operators of the
Borealis mine also believe that potential high-grade feeder structure remain beneath existing pits. Drilling of these zones
has intercepted spectacular grade and thickness, in particular, the Freedom Flats area, including (4):
FF-50 with 18.3 m averaging 7.95 g/t Au
FF-173 with 16.8 m averaging 17.55 g/t Au
FF-223 with 6.2 m averaging 16.11 g/t Au
FF-229 with 33.5 m averaging 29.35 g/t Au
Radius is targeting relatively shallow high-grade targets, similar to those observed at the Freedom Flats deposit, using IP to
delineate new targets. IP has been successfully used in the area to identify buried targets in the Borealis mine
area.
Spring Peak Property, Nevada
Radius continues its ongoing evaluation of the Spring Peak Property recently optioned from Kinetic Gold (for Option terms see
news release - June 14, 2016). This has included sampling of sinter terraces and vein float on the Property, prospecting
along the structure of interest and a soil sampling survey (100m x 25m grid orientated orthogonal to the NE-SE targeted
structure). Results are still being compiled but mercury, arsenic and antimony anomalies are confirmed along the structure
of interest.
The Spring Peak Property is approximately 6 km southeast of the historical open pit mines at Aurora. At Spring Peak, a
sinter terrace is exposed along a structure parallel to the Aurora/Borealis trend, and is overlying altered volcaniclastic
deposits and basement Cretaceous granites (2). The sinter system contains anomalous concentrations of Au, Ag, Hg, Sb, and
As. Recent ash fall deposits cover much of the area, but frequent vein float with multi-ppm gold concentrations can be found
across the Property. The area was drilled with shallow holes in the 1980s, the majority of which were vertical. The
sinter terrace and structure that appear to control the anomalous values were never drill tested. Radius believes the
Property has the potential to host subvertical high-grade gold veins similar to the Aurora camp. A CSAMT geophysical survey
will be conducted over the area of the anomalies to test the hypothesis.
Other Properties
The Company continues to evaluate projects in various jurisdictions and with various commodities but with a focus on gold and
silver in Nevada and Mexico. Our Guatemala concession holdings at Banderas remain in good standing and the exploration
potential on those properties is high, but with recent developments at Tambor, the new government's commitment to supporting the
mining industry has yet to be proven.
References:
1) Technical Report on the Esmeralda Project, Mineral County, Nevada USA. P. Knudsen & N. Prenn, Mine Development Associates
(MDA). Prepared for Metallic Ventures Inc., 2002.
2) Gold-Silver Mining Districts, Alteration Zones, and Paleolandforms in the Miocene Bodie Hills Volcanic Field, California and
Nevada. USGS Scientific Investigations Report 2015-2012.
3) Geologic Discussion of the Borealis Gold Deposit, Mineral County, Nevada. Strachan D. G. USGS Bull. 1982.
4) NI 43-101 Pre-Feasibility Study Update of the Mineral Resources of the Borealis Gold Project Located in Mineral County,
Nevada, USA. J. D. Welsh & J. M. Brown. Prepared for Gryphon Gold Corp., 2011.
Qualified Person
David Clark, M.Sc., P.Geo., is Radius's Qualified Person under the terms of National Instrument 43-101, "Standards of
Disclosure for Mineral Projects" and has approved the technical information in this news release.
About Radius
Radius has been exploring for gold in Latin America for over a decade. The Company has a strong treasury and is looking
for investment and project acquisition opportunities across the globe. Please call toll free 1-888-627-9378 or visit our web
site (www.radiusgold.com) for more information.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
Symbol: TSXV-RDU
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian
securities legislation. All statements included herein, other than statements of historical fact, are forward-looking
statements which include, without limitation, statements about the Company's plans for the ABC Property and the Spring Peak
Property; the Company's business strategy, plans and outlook; the merit of the Company's investments and properties; timelines;
the future financial performance of the Company; expenditures; approvals and other matters. Often, but not always, these
forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential",
"open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained",
"reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be
achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different from any results, performance or achievements
expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, the Company's
plans for exploring the ABC Property and the Spring Peak Property; changes in general economic conditions and financial markets;
the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks
associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and
continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the
Company's quarterly and annual filings with securities regulators and available under the Company's profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there
may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: that the Company's exploration plans for the ABC Property and the Spring Peak Property
will proceed as planned; that the Company's activities will be in accordance with its public statements and stated goals; that
all required approvals will be obtained; that there will be no material adverse change affecting the Company or its investments
or properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and
the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future
events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, investors should not place undue reliance on forward-looking statements.