Drilling at O'Brien intersects 6.89 g/t Au over 21.10 m including 11.32
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
October 14, 2020
Drilling at O'Brien intersects 6.89 g/t Au over 21.10 m including 11.32
g/t over 11.80 m, 250 m below defined resources on the second
mineralized 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.
Highlights
Step-out drillin g highlights resource growth potential 250 m below currently defined
resources on the second mineralized trend (600 m east of the old O’Brien Mine)
• Hole OB-20-156 intersected 6.89 g/t Au over 21.10 m including;
o 4.81 g/t Au over 2.00 m (760 m vertical depth)
o 11.32 g/t Au over 11.80 m (775 m vertical depth) which includes:
▪ 38.11 g/t Au over 2.10 m
▪ 20.39 g/t Au over 2.30 m
• OB-20-156 represents the deepest hole drilled to test the second trend as part of the
ongoing drill campaign and appears to have intersected at least three distinct high-grade
mineralized structures almost 250 m below the boundary of current resources in the
area.
• The intercepts were obtained 355 m down-plunge from a previously released intercept
grading 8.35 g/t Au over 6.00 m (Hole OB-20-124).
• Current resources in this area are largely limited to a vertical depth of 400 m. Drilling so
far suggests continuity of mineralization to a vertical depth of almost 700 m based on
today’s results as well as pre viously released holes OB-20-124 and OB-19-106 (14.30
g/t Au over 2.00 m and 22.17 g/t over 1.80 m).
• In addition, results from the ongoing campaign appear to tie in with high-grade resources
above 400 m, and within a high -grade mineralized trend that could possibly extend
further to approximately 1,100 m where a deeper historical intercept returned 17.46 g/t
over 1.00 m.
• Assays are pending for wedge holes OB-20-156W1, OB-20-156W2 and additional drill
holes comp leted with the objective of exploring the down -plunge continuity and
expanding current resources in the area.
Figure 1. OB-20-156: Au grade distribution
Deep drilling on the first mineralized trend (300 m east of the old O’Brien Mine) intersects
mineralized structures including visible gold approximately 400 m below the current
resource boundary
• Assays are pending for recently completed hole OB -20-174 which intersected targeted
mineralized structures from 915 m to 1,070 m vertical depth, including visible gold at 960
m vertical depth, representing 360 m below the boundary of defined resources on the
first mineralized trend (see Photo 1).
• Resources defined in the first mineralized trend are limited to 600 m vertical depth,
previously released results suggest continuity of high -grade mineralization below the
resource boundary down to a depth of 950 m vertical depth, and in an area extending
300 m laterally and 350 m vertically.
• Two wedge holes are planned with the objective of testing the continuity of mineralization
above and to the east of OB-20-174.
• Visible gold in hole OB -20-174 was obtained 130m below the previously released
intercept of 66.71 g/t Au over 4.70 m obtained in hole OB-19-92w2b.
• Recent results have also demonstrated the potential to laterally expand mineralization in
the first mineralized trend to the east and west. This includes 45.33 g/t over 2.20 m (OB-
20-148W1) in addition to a number of holes that intersected visible gold in mineralized
structures and for which assays are pending ( OB-20-164, OB-20-167, OB-20-168 and
OB-20-170).
Figure 2. Visible gold in OB-20-174
Grade (gpt Au)
>=15.0
12.5 - 15.0
10.0 - 12.5
7.5 - 10
5.0 - 7.5
3.0 - 5.0
1.0 - 3.0
Grade (gpt Au) 5.97 3.64 0.38 1.69 0.05 0.01 0.02 0.02 0.02 0.71 10.85 68.10 0.09 0.01 0.58 2.46 0.20 0.27 2.65 1.72 32.40
Core length (m)
778.00
779.00
780.00
781.00
782.00
783.00
784.00
785.00
786.00
786.50
787.40
788.50
789.50
790.80
791.60
792.80
794.00
795.00
796.00
796.90
797.80
799.20
4.81 gpt @ 2.00 m 38.11 gpt @ 2.10 m 20.39 gpt @ 2.30 m
11.32 gpt @ 11.80 m
6.89 gpt @ 21.20 m
Drilling at O’Brien continues to validate the litho-structural model while highlighting
resource growth potential laterally and at depth
• Drilling to date has continued to define and expand three high-grade mineralized trends,
located approximately 300 m, 600 m and 900 m respectively to the east of the old O’Brien
Mine.
• Mineralized trends identified bear similarities with structures previously mined at O’Brien
down to a depth of 1,100 m (historical production of 587 koz grading 15.25 g/t)
• Drilling so far has demonstrated continuity of mineralization well below the boundary of
defined resources in all three trends, which remain open for expansion laterally and at
depth.
o In the first trend, drilling has highlighted continuity of mineralization down to a
vertical depth of 950 m, approximately 350 m below the boundary of resources
that are limited to a vertical depth of 600 m.
o In the second trend, drilling has highlighted continuity of mineralization down to
a vertical depth of 700 m, approximately 300 m below the boundary of resources
that are mostly within 400 m from surface.
o In the third trend, drilling has traced mineralization down to 500 m vertical depth
from surface. Currently defined resources are mostly confined to between
surface and 240 m vertical depth.
• Almost all drilling conducted as part of the ongoing campaign has been within a strike
length of approximately 1 km to the east of the old O’Brien mine, representing only a
small portion of more than 5 km of prospective strike that Radisson controls along the
Cadillac Break.
52,500 m of drilling completed to date with assays pending for approx. 15,600 m
• Released results to date (since the commencement of drilling in August 2019) represent
only 62% of the total planned 60,000 m program.
• The company is funded to expand the program to over 75,000 m.
“Today’s results highlight why our ongoing drilling program is in its most exciting phase, as we
continue to systematically step out to expand mineralization at O’Brien along strike and at depth.
Assays from OB-20-156 represent some of the best results received since the start of the drill
program and suggest the potential to expand resources within the second mineralized trend. In
addition, we eagerly look forward to assays from OB -20-174, which intersected visible gold in
the Piché volcanics, the targeted lithologies, well below the resource boundary of the first
mineralized trend.
While the majority of our work program has been focused within 1 km along strike to the east of
the historic O’Brien Mine, we believe there is significantly more upsid e to be unlocked from a
prospective land package that includes more than 5 km of strike length along the prolific Cadillac
Break. ” commented Mario Bouchard, Chief Executive Officer
Notable drill results
Hole From (m) To (m)
Core
Length1
(m)
Au (g/t),
Uncut2 Comments
OB-20-156
778.00 799.20 21.20 6.89 Piché Basalt
Including 778.00 780.00 2.00 4.81
And 787.40 799.20 11.80 11.32
Including 787.40 789.50 2.10 38.11
which includes 788.50 789.50 1.00 68.10
And 796.90 799.20 2.30 20.39
which Includes 797.80 799.20 1.40 32.40
1. Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. To the extent
possible, primary intercepts reflect minimum mining width (1.5 m true width) and consistent with assumptions
used in the 2019 resource estimate.
2. Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate
Figure 3. O’Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North
Figure 4. O’Brien Gold Project: Second mineralized trend – Longitudinal and Cross Sections
Figure 5. O’Brien Gold Project: First mineralized trend – Cross Section
QA/QC
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with
the second half kept for future reference. The samples were analyzed using standard fire assay
procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val -d’Or, Quebec.
Samples yielding a grade higher than 5 g/t Au were analyzed a second time by fire assay with
gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with
metallic sieve procedure. Standard reference materials and blank samples were inserted prior
to shipment for quality assurance and quality control (QA/QC) program.
Qualified Person
Richard Nieminen, P. Geo, Exploration manager, acts as a Qualified Person as defined in
National Instrument 43 -101 and has reviewed and approved the technical information in this
press release.
Radisson mining resources Inc.
Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in
the Bousquet-Cadillac mining camp along the world -renowned Larder-Lake-Cadillac Break in
Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of
gold over the last 100 years. The project hosts the former O’Brien Mine, 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; Kenneth Williamson
3DGeo-Solution, July 2019). For more information on Radisson, visit our website at
www.radissonmining.com or contact:
On behalf of the board of directors
Mario Bouchard
CEO and Director
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Hubert Parent-Bouchard
Director, Corporate development
819-763-9969
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including,
but not limited to, those relating to the intended use of proceeds of the Offering, the development
of the O’Brien project and generally, the above “About Radisson Mining Resources Inc.”
paragraph which essentially describes the Corporation’s outlook, constitute “forward -looking
information” or “forward -looking statements” within the meaning of applica ble securities laws,
and are based on expectations, estimates and projections as of the time of this press release.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Corpora tion as of the time of such
statements, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause,
actual results to differ materially from those expressed or implied in any forward -looking