Radisson Mining Resources Inc. (TSX-V: RDS) (OTC: RMRDF): is pleased to announce significant high-grade gold intercepts from the ongoing exploration drill program at its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break (see location map 1 and location map 2), halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.
Drilling has continued to validate the 2019 litho-structural model (announced in February 2019) while demonstrating the potential for resource growth at depth and along strike. Drilling so far has been focused on an approximately 1 km strike length to the east of the old O’Brien Mine, historically considered the highest-grade gold mine in Quebec (production of 587,121 oz Au grading 15.25 g/t from 1926 – 1957). With the acquisition of the New Alger project (August 2020), Radisson now controls approximately 5.2 km of highly prospective strike along the Cadillac Break, including 2.5 km to the east and west of the main shaft at the old O’Brien Mine.
Notable drill results
|Hole||Zone||From (m)||To (m)||Core
|Au (g/t) –
|591.00||599.00||8.00||14.90||Contact Porphyry – Basalt*VG|
|1. VG denotes the presence of visible gold|
|2. Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. Unless otherwise appropriate (e.g., proximity to other higher-grade intercepts), primary intercepts reflect minimum mining width (1.5 m true width) consistent with assumptions used in the 2019 resource estimate.|
|3. Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate|
|4. Table includes only intercepts that meet 5 g/t Au cut-off and minimum mining width constraints used in the 2019 MRE. For a full listing of drill results from current drilling program click here.|
Resource expansion potential to the East of the first mineralized trend (300 m east of the old O’Brien Mine)
Resource expansion to the West of the first mineralized trend (300 m east of the old O’Brien Mine) near the lower boundary of current resources
Drilling at O’Brien continues to validate the litho-structural model while highlighting resource growth potential laterally and at depth
57,743 m of drilling completed to date with assays pending for approx. 10,790 m
Radisson is pleased to announce that it has entered to an arrangement with 3DGeo Solution Inc., whereby Kenneth Williamson (M.Sc., P.Geo) has been appointed Senior Advisor, Geology. Mr. Williamson, currently President of 3DGeo Solution Inc., is a professional geologist with close to 20 years of experience in the gold mining industry. He graduated with a master’s degree in Structural Geology from Laval University in 2002. His prior experience includes key technical roles with corporates such as Goldcorp, Rubicon Minerals and Premier Gold in addition to consulting roles with InnovExplo and MRB & Associates. Mr. Williamson has been involved with the Company and the O’Brien Project since 2018. He was responsible for the development of the current litho-structural model and the ensuing NI 43-101 mineral resource estimate in 2019. In collaboration with the company management and the technical team, Mr. Williamson will assist with the planning and execution of the exploration programs well as maintaining his key role in the geological interpretation and 3D modeling efforts deployed by the company.
In addition, Nicolas Guivarch (M.Sc., P.Geo) has been promoted to Exploration Manager. Mr. Guivarch, who joined Radisson in August 2019, is a professional geologist with close to 10 years of experience in mineral exploration. His prior experience includes roles with AREVA, InnovExplo, Metanor Resources and MRB & Associates. He graduated with a master’s degree in Exploration and Mineral Resource Management from the University of Orleans in 2009. Mr. Guivarch has been an integral part of the exploration team since August 2019 and has since been involved with all aspects of the exploration program at O’Brien. His management role within the Radisson team will ensure the smooth execution of the exploration program.
Richard Nieminen has stepped down from the position of Director of Exploration, effective December 31, 2020. The Company would like to thank him for his valuable contribution over the last two years and wishes him the best of success in his future endeavours.
In addition, in order to fulfill new professional duties which would place him in conflict with current board position at Radisson, Tony Brisson has stepped down from the position of director on the company’s Board of directors, effective January 15, 2021. The Company would like to thank him for his valuable contribution and wishes him the best of success in his future endeavours.
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.
Kenneth Williamson, M.Sc., P.Geo., Senior Advisor, Geology and Nicolas Guivarch, M. Sc., P.Geo., Exploration Manager are the qualified persons pursuant to the requirements of NI 43-101, and have reviewed and approved the technical disclosure 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).
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