3.07 g/t Au over 32.20 m including multiple high-grade intercepts in the Upper 36E Zone
37.76 g/t Au over 2.00 m below defined resources at the Lower 36E Zone
18.15 g/t Au over 4.40 m, on the fringe of defined resources east of the main 36E trend
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 60,000 m exploration drill program at its O’Brien gold project located along the Larder Lake Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.
“Drill results continue to showcase significant upside to resources at the high-grade O’Brien project. The majority of current resources are contained within a 1.5 km strike (out of a total strike length of 4.5 km) and 400 m vertical depth in a prolific gold camp where deposits (including the old O’Brien Mine) have been mined to depths well below 1,000 m.
The depth potential continues to stand-out with additional high-grade results from the lower 36E Zone that demonstrate the continuity of mineralisation well below the current resource boundary. All holes drilled as part of this campaign have intersected mineralisation within the targeted geological units, with most holes returning high-grade intercepts, often accompanied by visible gold showings. Of note, OB-19-98W2 returned 37.76 g/t Au over 2.00 m approximately 720 m below the surface, and 60 m west and 100 m above previously released intercept of 66.71 g/t Au over 4.70 m. Drilling continues to demonstrate strong continuity of high-grade mineralisation down to 950 m, and within what appears to be a mineralized trend bearing similarities to that historically mined at the Old O’Brien Mine. Mineralisation remains open for expansion laterally and at depth, with additional drilling underway to expand mineralisation to the west in a largely untested area below the resource boundary.
In addition, shallower drilling aimed at resource expansion and conversion has continued to deliver high-grade results in the upper 400 m of the deposit. In particular, drill hole OB-20-127 returned 3.07 g/t Au over 32.20 m close to the western boundary of currently defined resources, including four high-grade sub-intercepts (5.20 g/t Au over 2.00 m, 7.12 g/t Au over 2.70 m, 6.52 g/t Au over 2.30 m and 8.04 g/t Au over 3.20 m) within and outside the boundary of currently modeled inferred resources. Our team is currently developing additional drill targets on this part of the deposit which remains open laterally for resource expansion. Another shallow hole, OB-20-135, drilled 300 m east of this area returned 18.15 g/t Au over 4.40 m at the fringe of an indicated resource block, confirming and expanding mineralisation 15 m east of a historical intercept of 125.31 g/t Au over 3.05 m.
Our exploration program is focused on three key opportunities for resource expansion: the western extension of the first mineralised trend defined on Lower 36E, the second mineralised trend recently highlighted approximately 300 m east of the first trend and on resource expansion opportunities at shallower depths east and west of these two trends.
Results released so far represent only ~45% of our fully funded 60,000 m program. With three drill rigs now operating at O’Brien, we look forward to releasing additional updates as we continue to drill test high potential targets over the coming months.”commented Mario Bouchard, President and CEO.