Radisson Mining Resources Inc. (TSX-V: RDS) (OTC: RMRDF) is pleased to announce significant high-grade gold intercepts from the ongoing 60,000 m exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.
Step-out drilling highlights resource growth potential 250 m below currently defined resources on the second mineralized trend (600 m east of the old O’Brien Mine)
Deep drilling on the first mineralized trend (300 m east of the old O’Brien Mine) intersects mineralized structures including visible gold approximately 400 m below the current resource boundary
Drilling at O’Brien continues to validate the litho-structural model while highlighting resource growth potential laterally and at depth
52,500 m of drilling completed to date with assays pending for approx. 15,600 m
“Today’s results highlight why our ongoing drilling program is in its most exciting phase, as we continue to systematically step out to expand mineralization at O’Brien along strike and at depth. Assays from OB-20-156 represent some of the best results received since the start of the drill program and suggest the potential to expand resources within the second mineralized trend. In addition, we eagerly look forward to assays from OB-20-174, which intersected visible gold in the Piché volcanics, the targeted lithologies, well below the resource boundary of the first mineralized trend.
While the majority of our work program has been focused within 1 km along strike to the east of the historic O’Brien Mine, we believe there is significantly more upside to be unlocked from a prospective land package that includes more than 5 km of strike length along the prolific Cadillac Break.” commented Mario Bouchard, Chief Executive Officer
Notable drill results
|Hole||From (m)||To (m)||Core Length1
|1. Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. To the extent possible, primary intercepts reflect minimum mining width (1.5 m true width) and consistent with assumptions used in the 2019 resource estimate.|
|2. Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate|
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 5 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control program.
Richard Nieminen, P. Geo, Exploration manager, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.
Radisson mining resources Inc.
Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the last 100 years. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; Kenneth Williamson 3DGeo-Solution, July 2019). For more information on Radisson, visit our website at www.radissonmining.com or contact:
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We acknowledge the [financial] support of the Government of Canada.