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.”
For brevity, this summary has been redacted, to read the full news release, please click HERE
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