Radius Gold Updates on Recent Events at the Tambor Joint Venture, Guatemala
19 Giugno 2012 - 12:05AM
PR Newswire (Canada)
VANCOUVER, June 20, 2012 /CNW/ - Radius Gold Inc. would like to
comment on recent events near the Tambor gold mine development
project in the municipalities of San Jose del Golfo and San Pedro
Ayampuc in southern Guatemala. Radius's joint venture partner,
Kappes Cassiday and Associates, of Reno, is the project operator
and is constructing a small gold mine at the site. On June 13, a
local activist, Yolanda Oqueli Veliz, was shot and wounded by -as
yet- unidentified attackers. Local police are investigating the
incident. Radius wishes Ms. Veliz a speedy and full recovery and
categorically condemns the shooting. Further, Radius's management
urges all stakeholders and community members around the Tambor
project to refrain from the use of violence as a means to settle
disputes. Simon Ridgway, the Chairman of Radius, commented: "We're
in disbelief over the shooting. We have no idea what the shooting
is related to and the circumstances are under investigation by the
police, but regardless of the cause, nothing can be achieved by
violence and we utterly condemn it. We've been in touch with the
local and national authorities to see what we can do to assist in
the investigation of the incident, and we've also been speaking to
the Canadian embassy in Guatemala City to keep them updated." The
Company has recently become aware of various inflammatory articles
on the internet directly linking it to the shooting of Ms. Veliz.
Any such assertions are ridiculous and completely untrue and can
only add to the local tensions. Radius has always denounced the use
of violence, and the Company and its employees have never engaged
in, incited, or supported violence within the communities in which
it works. Radius has been working at Tambor since 2000 with the
support of the local community, conducting exploration work without
incident, and has engaged with the community and local authorities
at every stage in the discovery and development process. The
management team has been working in South and Central America for
close to 20 years and has always had detailed discussions with the
local communities near its projects. Further updates will be
provided as and when Radius is aware of any new developments. About
Radius Radius has been exploring for gold in Latin America for over
a decade. It has assembled interests in a portfolio of promising
gold projects in Guatemala and Nicaragua, and a number of 100%
owned exploration plays, including extensive landholdings in
southern Guatemala. Please call toll free 1-888-627-9378 or
visit our web site (www.radiusgold.com). ON BEHALF OF THE BOARD
"Ralph Rushton" President 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 Statement Some of the statements in this news
release contain forward-looking information that involves inherent
risk and uncertainty affecting the business of Radius Gold
Inc. Actual results may differ materially from those
currently anticipated in such statement. Radius Gold Inc. CONTACT:
Investor relations: Jaclyn RuptashSymbol: TSXV-RDU;
OTCBB-RDUFFShares Issued: 86.6-million
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