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Radisson intersects 14.90 g/t over 8.00 m, 41.04 g/t Au over 2.30 m and 5.73 g/t over 9.20 m highlighting resource expansion potential at O’Brien project

Jan 20, 2021

Radisson Mining Resources Inc. has announced significant high-grade gold intercepts from the ongoing 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.

Drilling has continued to validate the 2019 litho-structural model (announced in February 2019) while demonstrating the potential for resource growth at depth and along strike. Drilling so far has been focused on an approximately 1 km strike length to the east of the old O’Brien Mine, historically considered the highest-grade gold mine in Quebec (production of 587,121 oz Au grading 15.25 g/t from 1926 – 1957). With the acquisition of the New Alger project (August 2020), Radisson now controls approximately 5.2 km of highly prospective strike along the Cadillac Break, including 2.5 km to the east and west of the main shaft at the old O’Brien Mine.

Key highlights

  • Resource expansion potential to the west of the first mineralized trend,
    • OB-20-168: 14.90 g/t over 8.00 m (incl. 22.24 g/t over 2.30 m and 33.94 g/t over 2.00 m) approximately 60 m west of the current resource boundary.
  • Resource expansion potential to the east of the first mineralized trend (multiple intercepts approximately 40 m east of the current resource boundary)
    • OB-20-164: 41.04 g/t over 2.30 m (incl. 170.50 g/t over 0.55 m) and 10.46 over 2.05 (incl. 36.40 over 0.50 m)
    • OB-20-170: Multiple intercepts including 5.27 g/t over 7.40 m and 5.73 g/t over 9.20 m (incl. 13.45 g/t over 1.90 m and 12.15 g/t over 2.00 m)
  • Ongoing drill program (commenced Aug 2019) expanded by 70,000 m for a total of 130,000 m since completion of the last NI-43-101 resource estimate (July 2019)
    • 57,154 m completed to the end of 2020 with results pending for 10,790 m
  • Cash balance of approx. $15 M following the November 2020 equity financing
  • Corporate updates
    • Kenneth Williamson appointed Senior Advisor, Geology
    • Nicolas Guivarch promoted to Manager, Exploration
    • Richard Nieminen has stepped down as Director, Exploration

Tags: Quebec / Exploration / Gold / All Articles