Alternative Energy: Radius Gold Buys Geothermal Concessions

June 25, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Radius Gold, Inc. (TSX Venture: RDU) said that it has been granted one highly prospective geothermal license in Guatemala and has applications for six other potential geothermal fields pending.

The total area granted or under application is 200,700 hectares.

When Radius first entered Guatemala in 2001, it said that its gold exploration programs were guided in part using the presence of hot springs as an indicator of potential gold-related hydrothermal activity.

On at least one occasion Radius's drill programs were halted because of large quantities of hot water and steam escaping from active drill holes, indicative of very high geothermal gradients.

Radius said it has revisited its hot spring database for Guatemala and staked a number of active geothermal systems that may have potential as geothermal resources for power generation.

The firm plans to use its knowledge of Guatemalan geology, gained from more than 10 years of mineral exploration in the country, to identify and acquire potential geothermal resources. At the same time, the company is actively looking for potential joint venture partners with the necessary experience to investigate and develop its geothermal licenses.

Canada-based Radius has been exploring for gold in Latin America for nearly a decade, and has assembled interests in a portfolio of gold projects throughout the region, including carried stakes in two small-scale developing gold projects in Guatemala and Nicaragua.

Radius also has two 100% owned exploration plays, the HB property in Guatemala and Sixty Mile property in the Yukon Territory – with drilling campaigns for 2010 in the planning stages.

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