Radisson Mining Resources (TSX.V: RDS)
Announced significant high-grade gold intercepts from the ongoing 130,000 m exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac Break, Quebec. […]
|Radisson Mining Res||TSX.v : RDS|
|Market cap||C$51 m @ 18.5 c|
|location||Cadillac Break, Quebec, Canada|
Radisson reports multiple high-grade intercepts including 37.86 g/t Au over 2.00 m and 12.69 g/t Au over 3.50 m, expanding mineralization laterally and at depth in the gap between current resources and the old O’Brien Mine
Rouyn-Noranda, Quebec – 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 (seelocation map 1andlocation map 2), halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.
- Significant intercepts fromexploration drillingalonghigh-grade trend #0,representing the gap between current resources and the old O’Brien mine
- 37.86 g/t Au over 2.00 mincluding75.60 g/t Au over 1.00 m(OB-21-221W3)
- 12.69 g/t Au over 3.50 mincluding27.10 g/t Au over 1.60 m(OB-21-221W4)
- 7.70 g/t Au over 2.00 mincluding12.10 g/t Au over 1.00 m(OB-21-221W2)
- Results include 3,376 m directional drill campaign comprising one pilot hole (OB-21-221) and 7 branches to drill test an area extending approximately 150 m along strike and between 75 m and 250 m depth below the limits of previous drilling in the area.
- All of the holes intersected the targeted mineralized structures including 4 visible gold occurrences
- Cash balance of approx. $7.0M as of April 15, 2022
Radisson Mining Resources management comments
“The first batch of results from directional drilling completed as part of the ongoing program highlight the significant high-grade potential along trend #0, which represents the gap between currently defined resources along trend #1 and historically mined structures at the old O’Brien Mine.
“Drill results to date demonstrating the continuity of high-grade mineralization down to more than 750 m depth and up to 140 m west of current resources established on Trend #1.
“Drill results from this sector have been impressive, with 36 holes published so far of which 20 have intersected visible gold including 14 intercepts grading over 5 g/t Au.
“Overall, results from our ongoing 130,000 m drill program continue to impress with 195 holes published so far including 131 intercepts grading over 5 g/t Au.
“We look forward to obtaining additional results from all 5 high-grade trends established east of the old O’Brien mine as we continue to focus on expanding the footprint of the deposit.
“Results are pending from 50 holes of which 27 have intersected visible gold occurrences. Pending results include approximately 10,000 m (17 holes) from our deep directional drill program aimed at testing some of our most promising deeper targets along trend #1 and #2.
“Our deep directional drill continues to remain a key priority with two rigs systematically testing deeper high-grade mineralized structures along trend #1 and #2.
“We look forward to building momentum with significant news flow in the weeks and months ahead”
Rahul Paul, President and Chief Executive Officer.
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