Radisson Mining (TSX.V: RDS)
Announced significant high-grade gold intercepts from the 127,600 m exploration drill program completed this summer 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.
|Radisson Mining Res||TSX.v : RDS|
|Market cap||C$33 m @ C$0.12 c|
Radisson Mining reports several high-grade intercepts above 15 g/t Au from expansion drilling along Trend #1 at the O’Brien gold project
Rouyn-Noranda, Qc Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company”) is pleased to announce significant high-grade gold intercepts from the 127,600 m exploration drill program completed this summer 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.
Significant intercepts from resource expansion drilling along high-grade trend #1
- 18.76 g/t Au over 3.10 m including 52.50 g/t Au over 0.90 m (OB-21-269)
- 18.45 g/t Au over 2.20 m including 43.00 g/t Au over 0.90 m and;
- 11.58 g/t Au over 2.00 m including 21.40 g/t Au over 1.00 m (OB-21-265)
- 16.45 g/t Au over 2.00 m including 26.90 g/t Au over 1.00 m (OB-21-262)
- 15.31 g/t Au over 2.00 m including 26.30 g/t Au over 1.00 m (OB-21-307)
Current resources along trend #1 are limited down to a vertical depth of approximately 600 m. Drilling completed during this campaign expanded high-grade gold mineralization 350 m below current resources down to 950 m vertical depth. Results have been obtained over a strike length of 100 m, including amongst others 66.70 g/t Au over 4.70 m, 34.71 g/t Au over 3.00 m, 24.22 g/t Au over 3.00 m and 19.43 g/t Au over 3.40 m.
Results are pending for 10 additional directional drill holes (5,000 m) along trend #2 with visible gold showings in 4 of those holes.
Denis Lachance, Interim President and Chief Executive Officer commented;
“Over the last months, our team has been focused at executing the 127,600 m drill campaign completed this summer. The main objective of the program was to expand the footprint of the O’Brien gold deposit in a 1.2 km corridor located east of the richest mine by grade in Quebec.
“This corridor represents less than 25% of the prolific package owned by Radisson along the Larder-Lake-Cadillac Break and results have been impressive with 152 intercepts grading over 5 g/t Au within 246 holes published.
“Results from the 42,200 metres drilled along Trend #1 have been spectacular with 60 intercepts over 5 g/t Au, including 27 intercepts over 10 g/t Au within 77 drill holes. High-grade gold mineralization has now been expanded by more than 350 m below current resources along Trend #1.
Our team is now focused on incorporating the drill program and historical results into our geological mode. We expect Trend #1 and Trend #2 expansion drilling to contribute significantly to the resource estimate update targeted for completion in the first half of 2023.”
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