VANCOUVER, British Columbia, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Radius Gold Inc. (TSX-V:RDU) is pleased to announce
that the Company has commenced drilling at the Coyote Gold Project located North of Elko, Nevada. The Company acquired a
lease to option and purchase the property from Geologic Services Inc. in March of this year (see news release March 21, 2018).
The property is located on the Eastern flank of the Independence Valley, an area known for its prolific gold production.
The reverse circulation drill program will target deeply penetrating resistive structures with coincident rock
and soil geochemical anomalies of antimony/mercury/arsenic and gold, hosted in brecciated surficial sinter deposits of a paleo hot
spring. A CSAMT survey conducted in August of this year defined a coherent 950m x 250m resistivity anomaly going to depth
which is believed to represent a sheeted vein system, potentially gold-bearing.
An initial program of three to six drill holes targeting the potential mineralization 150m to 200m below surface
will be conducted. Results will be released once the program is complete.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’s Qualified
Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith prepared and
approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located primarily in the United States and Mexico which it continues to
advance, utilizing partnerships where appropriate in order to retain the Company’s strong treasury. At the same time,
management is seeking out additional investment and project acquisition opportunities across the globe.
ON BEHALF OF THE BOARD
Simon Ridgway
President and CEO
Symbol: TSXV-RDU
Contact: Simon Ridgway
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
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 exploration plans for the Coyote Project; 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
plans for exploring Coyote Project; 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 exploration activities at the Coyote Project 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.