Radisson intersects 6.13 g/t Gold over 4.70 m, West of current resources at the O'Brien gold project
ROUYN-NORANDA, Quebec, March 20, 2019 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX) (“Radisson” or the “Company") today announced significant high-grade Gold intercepts in the F zone, located west of the current resource area at the O’Brien gold project along the Larder-Lake-Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. (See figure 1)
F Zone area
The F Zone is contiguous and to the West of 36E area of the O’Brien gold project. Results obtained from the 2016-2017 drilling programs allowed to define the vertical and lateral extension of historical mined stopes on the F Zone (See 20.2 g/t Au over 2.5 m and 11.9 g/t Au over 3 m). Following 3D modelling of former mining infrastructures on the F Zone and 5,408 metres of drilling, this area will be integrated in a future resource estimate update for the O’Brien gold project.
Press release highlights:
- Drill hole OB-18-86W1 intersected 6.13 g/t gold (“Au”) over 4.70 metres (“m”) at 420 m vertical depth. (See figure 2 and 3)
- Drill hole OB-18-87W1 intersected 8.83 g/t Au over 1.50 m at 220 m vertical depth.
(See figure 4 and 5)
- Assays are reported today are from 3,837 m of drilling completed on the F Zone;
- Contiguous and west of the current resource area at the O’Brien project
- In close proximity to high-grade gold intercepts obtained between 2016 and 2018
- Contiguous and west of the current resource area at the O’Brien project
- Current campaign was completed with the main objectives of reducing drill spacing and defining western extension of the F Zone.
“We’re excited by these high-grade gold intercepts obtained west of the current resource area. Results from these drill holes completed prior to the structural reinterpretation continue to demonstrate the exploration potential of the O’Brien gold project. Considering the high-grade gold results obtained on the F Zone since 2016, this area represents an excellent growth opportunity in a future resource estimate update at O’Brien”, commented Mario Bouchard, President and CEO.
Table 1 Drilling results at the O’Brien gold project
| Drill hole | From | To | Length | Grade | Interpreted zone |
| (m) | (m) | (m) | Au (g/t) | ||
| OB-18-86 | 430.00 | 431.00 | 1.00 | 8.52 | Basalt |
| OB-18-86W1 | 315.10 | 315.60 | 0.50 | 7.73 | Basalt *VG |
| OB-18-86W1 | 473.50 | 478.20 | 4.70 | 6.13 | Basalt |
| Including | 475.30 | 476.80 | 1.50 | 9.87 | Basalt |
| and | 476.80 | 478.20 | 1.40 | 5.25 | Basalt |
| OB-18-87 | 468.50 | 469.30 | 0.80 | 10.05 | Basalt |
| OB-18-87W1 | 237.90 | 239.40 | 1.50 | 8.83 | Wacke *VG |
| Including | 237.90 | 238.40 | 0.50 | 23.60 | Wacke *VG |
| OB-18-87W1 | 523.70 | 528.90 | 5.20 | 3.50 | Gabbro/Basalt |
| Including | 523.70 | 525.50 | 1.80 | 5.11 | Gabbro |
| and | 527.50 | 528.90 | 1.40 | 4.55 | Basalt |
| OB-18-88 | 372.00 | 374.80 | 2.80 | 2.84 | Wacke-Argillite |
| OB-18-89 | 261.00 | 263.00 | 2.00 | 1.53 | Wacke |
| OB-18-90 | 537.80 | 538.80 | 1.00 | 4.41 | Porphyry |
| OB-19-91 | 144.00 | 144.80 | 0.80 | 10.90 | Wacke *VG |
*VG; Denotes presence of visible gold
Results are presented as down hole width; true widths are estimated between 55 to 70% of down-hole thickness.
QA/QC
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 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 (QA/QC) program.
Qualified Person
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.
About 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; InnovExplo, May 2018).For more information on Radisson, visit our website at www.radissonmining.com or contact:
Mario Bouchard
President and CEO
819-277-6578
mbouchard@radissonmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.
