Friday, 9th May 2008 (550 views)

Canadian exploration company Radius Gold has commenced work on a diamond drilling programme to test its three gold properties in the Central American republic of Nicaragua, the company has announced.

The drilling will be split across the Trebol, La India Norte and Estrella de Oro properties and will comprise a minimum overall distance of 3,000 metres, it added.

At Trebol, work will concentrate on the south-west portion of the property where previous trenching work has returned gold grades over 17.6 g/t gold over 8.35 metres and 6.1 g/t gold over 15 metres. Drilling will test the continuity of these grades at depth, Radius said.

Targets at La India Norte, meanwhile, include a number of high-grade vein structures located beneath stockwork gold zones. Around 1,000 metres of drilling is planned for the property.

Finally, Estrella de Oro will see drilling targeting a series of parallel, gold-bearing shoots located around the Cerro Estrella ridge. Trenching samples from this area include grades of 44.17 g/t gold over 1.3 metres, 8.55 g/t gold over 4.9 metres and 10.24 g/t gold over 2.72 metres.

Nicaragua is the largest country in Central America. It has a population of over 5.6 million people and shares its borders with Honduras to the north and Costa Rica to the south.

 

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