Radisson Mining Resources Inc.

Radisson Mining Resources inc. is a publicly traded company traded under the symbol RDS on the Toronto stock exchange with head office. Radisson’s focus is on the discovery of gold with interests. Radisson’s main asset, the O’Brien Mine property, comprises 617.48 hectares in the western part of Cadillac Township, Quebec, in the heart of the Abitibi gold belt. This property contains the former O’Brien Mine, the highest grade and the most important gold producer in the Cadillac mining camp in Quebec when it was producing from the early 1930s to the mid 1950s. 

 

Radisson has now established a new zone, the 36 East Zone, 2,500 ft. east of the old producing zone of the O’Brien Mine, with comparable high grades of gold. The Company completed a successful drilling program in 2008 on the O’Brien Mine property and the contiguous Kewagama Mine property and now intends to undertake an underground bulk sampling program on the 36 East Zone of the O’Brien Mine property and a surface drilling program on the Kewagama subject to arranging the required financing for this program. The purpose of the proposed bulk sample program is to access the upper portions of the 36 East Zone via a decline and to prove up the continuity and grade of the known gold bearing structures. The historical recovered mine grade of the original O’Brien Mine, when it was in production from the early 1930s to the mid 1950s, was 0.448 ounces of gold per ton during that time the mine produced 587,121 ounces of gold from 1,310,356 tons of ore. Management’s expectation is that an underground bulk sample on the 36 East Zone will prove a similar recovering grade of gold to the original O’Brien Mine. 

 

Based on the NI 43-101 report, dated May 9, 2007, prepared by Scott Wilson RPA, the 36 East Zone contains a resource in excess of 200,000 ounces of gold, above the 2,000 ft. level, using an uncut grade comparable to the one produced at the original O’Brien Mine. Scott Wilson RPA opined in this report that there is excellent potential to increase the 36 East Zone resources above the 2,000 ft. level and to discover new resources further at depth and along strike further to the east. This report recommended an underground bulk sampling program. The indication of excellent potential further to the east of the O'Brien property on the Kewagama property would seem to be borne out by a preliminary assessment of the Company's consulting geologist, Derek McBride, Ph.D (Geology). Dr. McBride has determined that in the Cadillac Zone, in the northern part of the Kewagama property, gold mineralization is present over the strike length of 2,600 feet within the stratigraphy that responds to Induced Polarization geophysical surveys. Gold mineralization has been reported in outcrop some 4,000 feet west of these surveys. Significant gold deposits have been discovered in recent years in the Cadillac Mining Camp by IamGold, Agnico Eagle, Aurizon and Globex/Queenston. 


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