ROUYN-NORANDA, QUEBEC–(Marketwired – Oct. 5, 2016) – Radisson Mining Resources Inc. (TSX VENTURE:RDS) (“Radisson“) announces the start of a 10,000m drilling program at the O’Brien gold project located along the Abitibi gold Belt halfway between Laronde and Lapa mines owned by Agnico-Eagle Ltd. (See figure 1).
In the last days, a drill rig commenced exploration and infill drilling at the O’Brien project. Principal focus of this drilling program is to increase existing resources of 36E and Kewagama areas (See figure 2). More than 90 drilling targets have been identified in extension of ore shoots and following results obtained in this area in 2016 (See August 24 2016 press release), the company will continue to focus on drill targets with strong potential of increasing inferred resources located between surface and a depth of 500 metre.
President & CEO of Radisson Mining Resources, Mario Bouchard adds: “With more than $ 2.7M in treasury we are in a position to accelerate the exploration of the O’Brien project. Hence, Radisson will realize the actual drilling program alongside with review of historical drilling within Pontiac Group sedimentary rocks and compilation and digitization of a unique geological database with the objective of updating the resource estimate 2017″.
All drill holes are oriented South-North, hence a particular focus will be given to drill core crossing through the Pontiac Group sedimentary rocks before reaching their target. The Pontiac Group sedimentary rocks are located south of current resource area and many visible gold intersections were obtained within this package during phase I drilling program of winter 2016 (See April 20 2016 press release).
Review of historical drilling within the Pontiac Group sedimentary rocks
Alongside with drilling program underway, the company started to relog approximately 15,000 metre of unassayed and unreviewed core from historical drilling crossing the Pontiac Group sedimentary rocks completed by its predecessors. This review is done with purpose of increasing geological knowledge of the O’Brien property and to define new gold mineralization in the Pontiac Group sedimentary rocks.
Historical data compilation and digitization
Radisson is pursuing historical data compilation of more than 90 years of work at the O’Brien project. This exclusive data represents more than 60,000 metre of drilling in 2,125 drill holes. In 2014-2015, 620 drill holes were compiled to publish a resource estimate in April 2015. Actual geological team is working to validate and integrate all historical data into a new and uniform numeric database. In parallel with drilling program underway and the review of historical drilling within the Pontiac Group sedimentary rocks, this compilation will allow the company to increase its geological knowledge of the property, help establish the genesis of gold setting and finalize a new complete interpretation throughout the O’Brien project. This work will be the base of a resource estimate update in 2017.
Qualified Person
Tony Brisson, P.Geo., independent consultant, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.
About Radisson Mining Resources Inc.
Radisson is a Quebec-based mineral exploration company. The O’Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson’s main asset. The former O’Brien Mine, is considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015).
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.
President & Chief Executive Officer
819-277-6578
mbouchard@radissonmining.com
www.radissonmining.com