Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres
Radisson Announces Additional Assay
Results from 2024 Drill Program at O'Brien
Including 8.36 g/t Gold over 15 Metres
Rouyn-Noranda, Quebec--(Newsfile Corp. - February 26, 2025) -
Radisson Mining Resources Inc.
(TSXV: RDS) (OTCQB: RMRDF)
("
Radisson
" or the "
Company
") is pleased to announce additional
drill assay results from its 100%-owned O'Brien Gold Project ("
O'Brien
" or the "
Project
") located in the
Abitibi region of Québec.
The seventeen drill holes reported were completed as part of the 35,000 metre, 2024 drill program
designed to increase the scope of gold mineralization at the Project with a combination of deep and
shallow drill holes. Prior to the end of last year, Radisson released the results of several deep drill holes
which demonstrated high grade mineralization at substantial step-outs below the base of the current
Mineral Resource and below the historic O'Brien Mine workings (
see Radisson News Releases dated
September 24, 2024
,
October 30, 2024
and
December 16, 2024
). Today's results represent shallower
drilling at the margins, or within, the existing Mineral Resource over the Project's "Trends 1, 2 and 3".
The new data continue to demonstrate the Project's characteristic narrow and high-grade gold
mineralization within quartz-sulphide veins.
Results Highlights:
OB-24-358
intersected 8.36 grams per tonne ("g/t") gold ("Au") over 15.0 metres within a broad
mineralized interval with multiple veins, including 56.0 g/t Au over 1.0 metre and 41.1 g/t Au over
1.0 metre;
OB-24-327
intersected 10.32 g/t Au over 4.1 metres including 18.30 g/t Au over 1.5 metres;
OB-24-350
intersected 46.40 g/t Au over 1.0 metre;
OB-24-339
intersected 10.05 g/t Au over 1.3 metres; and
OB-24-351
intersected 9.89 g/t Au over 2.9 metres including 17.90 g/t Au over 1.4 metres
Matt Manson, President & CEO, commented:
"We are reporting today results from drill holes
completed during the fall as part of our 2024 drill program. They demonstrate the type of narrow high-
grade intercepts within broader mineralized envelopes that are so characteristic of the O'Brien Gold
Project and serve to fill out our interpretation of mineralization in and around the existing Mineral
Resources. Our drilling priorities in 2024 represented a balance between shallower targets within the
existing Mineral Resource model, and deeper step-outs geared to new discovery. The deep step-outs
greatly exceeded our expectations. They included the deepest hole ever drilled at the Project, OB-24-
337, which returned 31.24 g/t Au over 8 metres a full 500 metres beneath the historic mine workings,
and OB-24-324 which returned 27.61 g/t Au over 6.0 metres 170 metres beneath the base of our
"Trend #1". The results for these deep drill holes were prioritised in the laboratory, so as to guide
planning for the 2025 drill program, which is almost exclusively aimed at extending O'Brien's gold
mineralization to depth as well as following up on the recently re-discovered "Jewellery Box" zone. The
22,000 metre 2025 drill program is proceeding well with three rigs at site with a steady flow of results
expected."
Figure 1
: Long Section and Plan View of Gold Vein Mineralization and Mineral Resources at the
O'Brien Gold Project, with Today's Drill Holes Illustrated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10977/242419_9da529e12434fa28_001full.jpg
Gold Mineralization at O'Brien
Gold mineralizing quartz-sulphide veins at O'Brien occur within a thin band of interlayered mafic volcanic
rocks, conglomerates, and porphyric andesitic sills of the Piché Group occurring in contact with the east-
west oriented Larder Lake-Cadillac Break ("LLCB"). Gold, along with pyrite and arsenopyrite, is typically
associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group
lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.
Table 1
: Detailed Assay Results from Drill Holes OB-24-327 to OB-24-358
DDH
Zone
From (m)
To (m)
Core Length (m)
Au g/t - Uncut
Host Lithology
OB-24-327
Trend # 1
225.9
230.0
4.1
10.32
V3-S
Including
228.5
230.0
1.5
18.30
V3-S
295.9
296.9
1.0
4.27
V3-CEN
OB-24-334
Trend # 2
296.5
300.6
4.1
3.63
V3-S
320.7
322.7
2.0
6.69
V3-S/POR-S
OB-24-335
Trend # 2
339.2
345.7
6.5
4.28
V3-S
Including
340.7
343.2
2.5
7.93
V3-S
OB-24-335
Trend # 2
413.5
415.6
2.1
4.34
V3-N
OB-24-339
Trend # 1
437.0
438.3
1.3
10.05
POR-S
533.1
534.1
1.0
3.84
V3-N
536.9
537.9
1.0
5.80
V3-N
OB-24-340
Trend # 3
304.1
305.6
1.5
6.80
PON-S3
OB-24-341
Trend # 1
541.7
543.0
1.3
6.50
S3P
OB-24-342
Trend # 3
325.3
326.3
1.0
3.67
V3-S
OB-24-344
Trend # 1
313.0
314.0
1.0
4.19
S1P
OB-24-345
Trend # 1
569.0
570.0
1.0
3.84
TX
OB-24-350
Trend # 1
20.5
21.5
1.0
46.40
V3-S
94.4
96.6
2.3
3.71
V3-N
OB-24-351
Trend # 1
158.0
159.0
1.0
3.92
S1P
183.5
186.4
2.9
9.89
TX
Including
185.0
186.4
1.4
17.90
TX
190.3
191.0
0.7
4.22
V3-N
OB-24-358
Trend # 3
353.9
355.2
1.3
5.08
V3-S
386.0
387.0
1.0
5.26
V3-S
417.9
432.9
15.0
8.36
POR-N/V3-N
Including
417.9
418.9
1.0
41.10
POR-N
Including
430.9
431.9
1.0
56.00
V3-N
456.5
458.0
1.5
3.92
ZFLLC
Notes on Calculation of Drill Intercepts:
The O'Brien Gold Project March 2023 Mineral Resource Estimate ("MRE") utilizes a 4.50 g/t Au bottom cutoff, a US$1600 gold price, a minimum
mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-
off, representing the lower limit of cut-off sensitivity presented in the March 2023 MRE. This methodology differs from previous Radisson
disclosure, and intercepts reported in this release may not be directly comparable to historical published intercepts. Sample grades are
uncapped. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents
additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and
continuity of mineralized intervals within which high-grade gold veins at O'Brien are developed. Drill holes OB-24-328, OB-24-336, OB-24-338,
OB-24-343 and OB-24-348 did not return any intercepts averaging above 3.00 g/t Au. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N,
V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder Lake-
Cadillac Fault Zone
Figure 2
: Cross Section of Trend 1 including drill holes OB-24-327, 339, 350 & 351.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10977/242419_9da529e12434fa28_002full.jpg
As mapped at the historic O'Brien mine, and now replicated in the modern drilling, individual veins are
generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins
occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual
veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over
significant lengths.
The historic O'Brien mine produced over half a million ounces of gold from such veins and shoots at an
average grade exceeding 15 g/t and over a vertical extent of at least 1,000 metres. Recent exploration
has focussed on delineating well developed vein mineralization to the east of the historic mine, with
additional high-grade shoots becoming evident in the exploration data over what has been described as
a series of repeating trends ("Trend #s 0 to 5").
Based on drilling complete to the end of 2022, the Project has estimated Indicated Mineral Resources of
0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources of
0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Mineral Resources that are not Mineral Reserves
do not have demonstrated economic viability.
Table 2
: Detailed Assay Results (see "Notes on Calculation of Drill Intercepts")
DDH
Zone
From (m)
To (m)
Core Length (m)
Au g/t - Uncut
Host Lithology
OB-24-327
Trend # 1
225.9
230.0
4.1
10.32
V3-S
Including
228.5
230.0
1.5
18.30
V3-S
256.0
257.0
1.0
1.99
V3-S
295.9
296.9
1.0
4.27
V3-CEN
OB-24-328
Trend # 1
327.1
330.1
3.0
1.31
S3P
OB-24-334
Trend # 2
296.5
300.6
4.1
3.63
V3-S
320.7
322.7
2.0
6.69
V3-S/POR-S
356.5
357.8
1.3
1.09
POR_N
OB-24-335
Trend # 2
200.5
202.0
1.5
1.01
PON-S3
264.0
265.5
1.5
1.31
PON-S3
339.2
345.7
6.5
4.28
V3-S
Including
340.7
343.2
2.5
7.93
V3-S
360.1
361.6
1.5
2.06
V3-S
373.0
374.0
1.0
1.19
POR-S
394.6
406.1
11.5
1.09
POR-N/TX
409.1
410.6
1.5
1.41
V3-N
413.5
415.6
2.1
4.34
V3-N
OB-24-336
Trend # 2
200.0
201.1
1.1
1.06
PON-S3
354.6
355.9
1.3
1.40
POR-S
388.3
389.4
1.1
1.45
TX
390.5
391.8
1.3
1.09
V3-N
OB-24-338
Trend # 1
456.7
463.5
6.8
1.37
POR-N/TX
480.0
484.6
4.6
1.68
V3-N
OB-24-339
Trend # 1
412.4
415.1
2.7
1.88
V3-S
430.1
431.1
1.0
1.55
V3-S
437.0
438.3
1.3
10.05
POR-S
471.7
473.0
1.3
2.29
S1P
521.3
522.6
1.3
2.47
V3-N
531.5
539.0
7.5
2.28
V3-N
Including
533.1
534.1
1.0
3.84
V3-N
Including
536.9
537.9
1.0
5.80
V3-N
OB-24-340
Trend # 3
302.1
303.1
1.0
1.12
PON-S3
304.1
305.6
1.5
6.80
PON-S3
397.0
400.8
3.8
1.03
V3-S
409.4
410.9
1.5
1.60
V3-S
469.2
470.4
1.3
1.19
POR-S
491.8
493.6
1.8
1.67
V3-N
OB-24-341
Trend # 1
393.3
398.0
4.7
1.03
V3-S
423.0
424.0
1.0
1.50
POR-S
457.4
458.9
1.5
1.52
S1P
472.3
475.3
3.0
1.33
S1P
483.7
484.7
1.0
1.25
POR-N
541.7
543.0
1.3
6.50
S3P
OB-24-342
Trend # 3
325.3
326.3
1.0
3.67
V3-S
332.0
333.1
1.1
1.42
V3-S
341.0
342.0
1.0
2.81
POR-S
349.0
350.1
1.1
2.75
V3-CEN
366.2
367.3
1.1
1.49
POR-N
OB-24-343
Trend # 3
135.5
137.0
1.5
2.93
PON-S3
489.2
491.3
2.1
2.29
V3-C/S1P
OB-24-344
Trend # 1
195.0
196.5
1.5
1.24
PON-S3
224.5
225.8
1.3
1.11
V3-S
241.6
244.2
2.6
2.20
V3-S
299.5
300.4
0.9
1.14
S1P
311.0
314.0
3.0
2.03
S1P
Including
313.0
314.0
1.0
4.19
S1P
322.8
323.8
1.0
1.25
POR-N
356.5
358.0
1.5
1.28
S3P
OB-24-345
Trend # 1
227.0
228.0
1.0
1.04
PON-S3
250.5
251.7
1.2
2.53
PON-S3
493.5
494.5
1.0
1.57
POR-S
512.0
513.0
1.0
1.67
S1P
536.5
538.0
1.5
1.02
S1P
566.0
571.5
5.5
1.72
TX
Including
569.0
570.0
1.0
3.84
TX
584.9
586.4
1.5
1.77
S3P
589.4
591.5
2.1
1.27
S3P
OB-24-348
Trend # 2
314.5
315.5
1.0
1.60
S1P
332.8
334.1
1.3
1.55
POR-N
344.0
345.0
3.8
1.08
V3-N
OB-24-350
Trend # 1
20.5
21.5
1.0
46.40
V3-S
65.0
66.0
1.0
1.38
S1P
71.5
73.5
2.0
1.26
S1P
90.2
91.1
0.9
1.94
POR-N
94.4
96.6
2.3
3.71
V3-N
OB-24-351
Trend # 1
139.1
141.9
2.8
1.12
POR-S
158.0
159.0
1.0
3.92
S1P
183.5
186.4
2.9
9.89
TX
Including
185.0
186.4
1.4
17.90
TX
190.3
191.0
0.7
4.22
V3-N
OB-24-358
Trend # 3
318.0
319.0
1.0
2.09
PON-S3
322.0
323.0
1.0
1.17
PON-S3
353.9
355.2
1.3
5.08
V3-S
386.0
387.0
1.0
5.26
V3-S
401.4
402.4
1.0
1.76
POR-S
417.9
432.9
15.0
8.36
POR-N/V3-N
Including
417.9
418.9
1.0
41.10
POR-N
Including
430.9
431.9
1.0
56.00
V3-N
447.0
448.0
1.0
1.68
S3P
456.5
458.0
1.5
3.92
ZFLLC
Table 3
: Drill Hole Collar Information for Holes contained in this News Release.
DDH
Zone
Easting
Northing
Azimuth
Dip
Hole Length (m)
OB-24-327
Trend # 1
693974
5345444
358
-57
321
OB-24-328
Trend # 1
693877
5345431
355
-57
339
OB-24-334
Trend # 2
694352
5345390
353
-63
396
OB-24-335
Trend # 2
694352
5345390
355
-67
438
OB-24-336
Trend # 2
694281
5345388
358
-64
417
OB-24-338
Trend # 1
693953
5345403
357
-74
498
OB-24-339
Trend # 1
693953
5345403
14
-72
549
OB-24-340
Trend # 3
694590
5345442
342
-75
506
OB-24-341
Trend # 1
693875
5345432
6
-74
563
OB-24-342
Trend # 3
694521
5345405
358
-63
405
OB-24-343
Trend # 3
694496
5345361
353
-71
537
OB-24-344
Trend # 1
693875
5345432
349
-60
372
OB-24-345
Trend # 1
694105
5345410
349
-76
608
OB-24-348
Trend # 2
694106
5345409
11
-59
384
OB-24-350
Trend # 1
693988
5345557
356
-49
120
OB-24-351
Trend # 1
693970
5345508
355
-47
191
OB-24-358
Trend # 3
694666
5345348
349
-60
460
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 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the
same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure.
Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality
assurance and quality control (QA/QC) program.
Qualified Person
Disclosure of a scientific or technical nature in this news release was prepared under the supervision of
Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for
purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O'Brien Gold Project.
Radisson Mining Resources Inc.
Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the
Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi,
Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last
100 years. The Project hosts the former O'Brien Mine, considered to have been Québec's highest-grade
gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces
(1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million
ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 "Technical Report on the O'Brien
Project, Northwestern Québec, Canada" effective March 2, 2023, Radisson's Annual Information Form
for the year ended December 31, 2023 and other filings made with Canadian securities regulatory
authorities available at
www.sedar.com
for further details and assumptions relating to the O'Brien Gold
Project.
For more information on Radisson, visit our website at
www.radissonmining.com
or contact:
Matt Manson
President and CEO
416.618.5885
Kristina Pillon
Manager, Investor Relations
604.908.1695
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of the applicable
Canadian securities legislation that is based on expectations, estimates, projections, and
interpretations as at the date of this news release. Forward-looking statements including, but are not
limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the
ability to continue drilling, the impact of drilling on the definition of any resource, the ability to
incorporate new drilling in an updated technical report and resource modelling, the Company's ability
to grow the O'Brien project and the ability to convert inferred mineral resources to indicated mineral
resources. Any statement that involves discussions with respect to predictions, expectations,
interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not expect", "is expected",
"interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases
or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to
occur or be achieved) are not statements of historical fact and may be forward-looking information and
are intended to identify forward-looking information. Except for statements of historical fact relating to
the Company, certain information contained herein constitutes forward-looking statements Forward-
looking information is based on estimates of management of the Company, at the time it was made,
involves known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the companies to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking information. Such factors
include, among others, risks relating to the drill results at O'Brien; the significance of drill results; the
ability of drill results to accurately predict mineralization; the ability of any material to be mined in a
matter that is economic. Although the forward-looking information contained in this news release is
based upon what management believes, or believed at the time, to be reasonable assumptions, the
parties cannot assure shareholders and prospective purchasers of securities that actual results will be
consistent with such forward-looking information, as there may be other factors that cause results not
to be as anticipated, estimated or intended, and neither the Company nor any other person assumes
responsibility for the accuracy and completeness of any such forward-looking information. The
Company believes that this forward-looking information is based on reasonable assumptions, but no
assurance can be given that these expectations will prove to be correct and such forward-looking
statements included in this press release should not be unduly relied upon. The Company does not
undertake, and assumes no obligation, to update or revise any such forward-looking statements or
forward-looking information contained herein to reflect new events or circumstances, except as may
be required by law. These statements speak only as of the date of this news release.
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
news release. No stock exchange, securities commission or other regulatory authority has approved