Radisson Mining Resources (TSX-V: RDS)
Announced significant high-grade gold intercepts from the ongoing 130,000 m exploration drill program at its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. […]
|Radisson Mining Resources||TSX.v : RDS|
|Market cap||C$64 m @ 25.5 c|
Radisson intersects 38.34 g/t gold over 2.00 m from initial exploration program to the west of the old O’Brien mine
ROUYN-NORANDA, Québec, Jan. 27, 2022 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company”) is pleased to announce significant high-grade gold intercepts from the ongoing 130,000 m exploration drill program at its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.
- Significant intercepts from initial exploration program west of the old O’Brien mine,
- 38.34 g/t over 2.00 m including 76.60 g/t over 1.00 m, and 5.84 g/t over 2.00 m including 11.20 g/t over 1.00 m (OB-21-250)
- 7.24 g/t over 3.20 m including 14.20 g/t over 1.10 m (OB-21-186)
- Results thus far highlight the potential to discover additional high-grade enrichment vectors along the 2.5 km strike west of the old O’Brien mine an area which remains largely untested.
- 130,000 m drill program underway at O’Brien
- 119,000 m completed thus far with results pending for 28,300 m
- Cash balance of approx. $10.5M
Radisson Mining Resources management comments
“We are very excited to report results from our exploration program to the west of the old O’Brien Mine, an area with very limited drilling located 900 m from current resources boundary.
“We view initial results as very significant in that they demonstrate high grade potential in the area from mineralized zones bearing similarities to those observed in the resource area and the old O’Brien Mine. O’Brien West remains open in all direction, with results indicating strong depth continuity in lithological units identical to those observed along strike to the west, reaffirming the upside potential from approximately 2.5 km of largely untested prospective strike west of the O’Brien Mine along the prolific Larder-Lake-Cadillac break.
“In addition to validating geological information from historical drill holes, initial results showcase potential for additional high-grade discoveries in this area, most notably with hole OB-21-250 intersecting 38.34 g/t over 2.00 m within only 215 m of surface and OB-21-186 intersecting 7.24 g/t over 3.20 m, approximately 85 m further west.
“Drilling also highlighted the potential for good depth continuity down to 780 m with deeper holes intersecting mineralized structures.
“With initial drilling significantly exceeding our expectations, our team will be working on generating new high-priority exploration targets as we look forward to systematically stepping out with the aim of extending the footprint of mineralization along the 2.5 km of prospective strike at O’Brien West.
“In addition, results are pending from 28,300 m of drilling in 62 holes to the east of the O’Brien Mine, of which 32 holes have visible gold occurrences.
“We are also currently drilling high priority deep targets below previously encountered mineralization in trend #1 and #2. We expect significant news flow in the weeks and months ahead as these results become available.”
Rahul Paul, President and Chief Executive Officer.
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