Radisson commences a Field program in the Pontiac Group south
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
June 14, 2022
Radisson commences a Field program in the Pontiac Group south
of the Larder-Lake-Cadillac Break at the O’Brien gold project
Rouyn-Noranda, Qc Radisson Mining Resources Inc. (TSX -V: RDS, OTC: RMRDF):
(“Radisson” or the “Company") is pleased to announce that it has commenced a field
program focused on the 54 km2 area comprising claims located to the south of the prolific
Larder-Lake Cadillac Break. The program was designed following a compilation and
interpretation of available historical data, with the objective of evaluating opportunities
demonstrating strong discovery potential in the southern sector of the O'Brien Gold
Project.
“Since acquiring and integrating the New Alger property with the O’Brien project in 2020,
our team has been focused on the execution of the 130,000 m drill program at the O’Brien
gold project. The primary objective of the drill program was to expand current resources
and to test new targets in well understood sectors in the vicinity of the old O’Brien mine.
While impressive results received thus far suggest a very successful drill program, it is
worth noting that the program was focused on an area covering less than 10% of our
extensive 5,800 ha land package. The significant land package to the south of the Cadillac
Break was a key driver of our interest in the New Alger property, and a review of available
data confirmed our view that the area holds tremendous potential for transformational
discoveries. Despite its proximity with the Larder -Lake-Cadillac Break, limited work w as
performed in southern sector of the O’Brien project. Following a compilation of historical
data, our team was able to establish the presence of geological elements demonstrating
strong discovery potential. While we await results from approximately 25,000 m of drilling,
our team is excited to commence an important field program that could unlock the
underlying potential in the southern portion of the O’Brien gold project.” Commented
Rahul Paul, President and Chief Executive Officer.
Summary
The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over
the last 100 years. In August 2020, the Company acquired the New Alger property to
integrate two properties comprising more than 5.2 km of prospective land along the
Larder-Lake-Cadillac Break (“CLLFZ”). The project hosts three historic mines including
the former O’Brien Mine, considered to have been Quebec’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).
The New Alger property also covers 54 km 2 of prospective land located south of the
Larder-Lake-Cadillac Break in the Pontiac sediments Group. Along the CLLFZ t hese
sediments are known for hosting gold deposits, notably in the Malartic mining camp where
some deposits are spatially associated with syn-tectonic mafic and felsic intrusions
proximal to the CLLFZ.
Compilation, interpretation, and ongoing work
Following geological and geophysical data compilation made available by previous work
performed therein and on SIGEOM (geophysical and geochemical survey, grab and
channel sampling), Radisson was able to identify several favorable sector s with the
potential to host gold mineralization, with these sectors expected to be prioritized during
the first few weeks of the program. These sectors were established based on the
understanding of gold distribution found in gold deposits within the Cadillac mining camp,
particularly the Thompson Cadillac and O’Brien mines. The below figure presents a
summary of potential geological traps and favorable targets interpreted to date in the
southern portion of the O’Brien project:
Figure 1 Geological and structural data compilation
1. Gold mineralization deposited in a main S1 schistosity or parallel shear zone possibly cut by a 2nd order
fault
2. Gold mineralization deposited in S2 schistosity
3. Gold mineralization associated to 2nd order faults
4. Mineralization associated to a Malartic type intrusive and presence of a fault probably containing
mineralization
5. Intersection of 2nd and 3rd order faults with S2 schistosity
6. Disseminated sulfides associated with an intrusive - Monzonite intrusive.
Figure 2 Geophysical data compilation - Southern portion of the O’Brien project
Main objectives of the field program on New Alger
During the 2022 summer, the team will be traversing the whole property every 400 metres
representing approximately 200 lines km with the objective of locating, mapping and
analyzing prospective showings observed. Lines are planned on 22 sectors delimited by
creeks and watercourse. Historical data c ompilation combined with digital topographic
data, satellite images, surface geology maps and field reconnaissance recently performed
have confirmed that multiple showings exist on the property, notably because of limited
overburden in most sectors (0 to 5 metres), forestry work previously undertaken and
uncovering outcrops in the area and the development of access roads.
The Company believes that current infrastructure, including the 117 provincial highway,
other existing roads/access trails, O’Brien project infrastructure and proximity of sites to
to the municipality of Cadillac will enable the team to undertake an optimal and efficient
program.
Figure 3. Prospecting plan and supporting infrastructure
The primary objective of the recently commenced field program is to establish high priority
exploration targets with the potential of discovering a gold deposit demonstrating similar
characteristics to the old O’Brien and other mines in the Bousquet-Cadillac mining camp.
Favorable sectors highlighted above appear to demonstrate the potential for this type of
mineralization. It is known that gold mineralisation in the Bousquet-Cadillac mining camp
is principally subdivided in two types:
1. Quartz veins and veinlets carrying free gold
2. Disseminated sulphides in the altered footwall rocks
These veins are generally parallel to the principal schistosity S1 or at a slight angle with it
(10 to 15 degrees). Arsenopyrite and pyrite are the predominant sulphides in many
deposits along the CLLFZ. In addition, notably at the O’Brien project, gold zones are
localized at the contact between competent units. A tight relation between mineralized
zones and asymmetric “Z shape” folding is also denoted at many deposits. Finally, many
gold enrichments have been recognized locally along late and brittle NW and/or NE
trending faults.
As a result, the team will principally be prospecting for showings presenting the following
characteristics with the objective of establishing high-priority exploration targets:
2 nd and 3rd order faults (late and trending NW and/or NE).
Asymmetric “Z” or “S” shape folding
Porphyritic felsic dykes
Syenite intrusion and Felsic to Intermediate intrusions
Disseminated sulphides (As-Py-Po)
Shear zones
Qualified Person
Eddy Canova, BSc., P.Geo. OGQ, from GeoConsul Canova Inc., is the qualified person
pursuant to the requirements of NI 43-101. Eddy Canova has reviewed and approved the
technical disclosure 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 Quebec’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
Rahul Paul
President and CEO
For more information on Radisson, visit our website at www.radissonmining.com or
contact:
Hubert Parent-Bouchard
Chief Financial Officer
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 applicable 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 Corporation 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 statements and future
events, could differ materially from those anticipated in such statements. 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.
By their very nature, forward-looking statements involve inherent risks and uncertainties,
both general and specific, and risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions do not reflect future
experience. Forward-looking statements are provided for the purpose of providing
information about management’s endeavours to develop the O’Brien project and, more
generally, its expectations and plans relating to the future. Readers are cautioned not to
place undue reliance on these forward-looking statements as a number of important risk
factors and future events could cause the actual outcomes to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and
intentions expressed in such forward-looking statements. All of the forward-looking
statements made in this press release are qualified by these cautionary statements and
those made in our other filings with the securities regulators of Canada. The C orporation
disclaims any intention or obligation to update or revise any forward-looking statements
or to explain any material difference between subsequent actual events and such forward-
looking statements, except to the extent required by applicable law.