Radisson exploration drilling suggests potential fourth high-grade
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
January 12, 2022
Radisson exploration drilling suggests potential fourth high-grade
mineralized trend, 1,200 m east of the old O’Brien Mine, with multiple
intercepts including 31.56 g/t Au over 2.00 m and 13.83 g/t Au over 2.40 m
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 130,000 m exploration drill
program at its 100% owned O’Brien gold project located along the Larder -Lake-Cadillac Break (see
location map 1 and location map 2), halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.
Key highlights
• Significant intercepts from exploration drilling along new high-grade trend #4
o OB-21-241: 31.56 g/t Au over 2.00 m including 60.80 g/t Au over 1.00 m
o OB-21-228: Multiple high-grade intercepts including,
o 13.83 g/t Au over 2.40 m including 29.30 g/t Au over 1.10 m
o 9.30 g/t Au over 1.90 m including 17.55 g/t Au over 1.00 m
o 5.66 g/t Au over 2.00 m including 10.35 g/t Au over 1.00 m
o OB-21-229: 5.14 g/t Au over 2.00 m and 5.95 g/t Au over 2.20 m
o OB-21-244: 4.03 g/t Au over 2.15 m and 4.70 g/t Au over 2.00 m
o New results along with historical drilling suggests a fourth potential high-grade mineralized
vector (trend #4) approximately 1,200 m east of the old O’Brien Mine
o This sector does not contribute meaningfully to current resources. Drilling has traced mineralization
down to a vertical depth of 330 m in this area which remains open for expansion over 750 m laterally
and at depth.
• Significant intercepts from resource expansion drilling along high-grade trend #3
o OB-21-255: 15.68 g/t Au over 2.00 m including 25.10 g/t Au over 1.00 m
o OB-21-256: 11.75 g/t Au over 2.50 m including 24.30 g/t Au over 1.00 m
o Drilling to date has traced mineralization to a depth of 500 m in this sector where current resources
are largely limited to a vertical depth of 240 m.
• 130,000 m drill program underway at O’Brien
o 116,000 m completed thus far with results pending for 34,000 m
o Cash balance of approx. $11.0 million
“In addition to targeting resource expansion along previously defined high-grade trends 1, 2 and 3, we are
also stepping out to define additional O’Brien-like mineralized trends to the east of trend #3 and to the west
of the historic O’Brien Mine. We are very pleased to report recent results including 13.83 g/t over 2.40 m
(OB-21-228) and 31.56 g/t Au over 2.00 (OB-21-241) that appear to confirm a potential fourth high-grade
mineralized vector further east of trend #3 and 1,200 m east of the old O’Brien Mine. Current and historical
intercepts have now traced mineralization down to a vertical depth of 330 m in this sector that does not
meaningfully contribute to current resources. In addition, drilling continues to highlight resource expansion
potential along high-grade trend #3, with notable new intercepts including 15.68 g/t Au over 2.00 m (OB-
21-255) and 11.75 g/t Au over 2.50 m (OB-21-256).
While results thus far cover only 1.2 km of strike to the east of the O’Brien Mine, today’s results re-affirm
the potential upside from the more than 5 km of prospective strike that we control along the Cadillac Break.
Results are pending from 34,000 m of drilling in 74 holes, of which 33 holes have visible gold occurrences.
This includes an initial 5,700 m exploration drill program completed to the west of the O’Brien Mine and
28,300 additional meters completed on Trend 0, 1, 2 and 3. In addition, we are currently drilling high priority
targets below previously encountered minera lization in trend #1 and #2. We expect a significant amount
of news flows in the weeks and months ahead as these results become available .” commented Rahul
Paul, President and Chief Executive Officer.
Notable drill results
Hole Zone From (m) To (m)
Core
Length (m)
Au (g/t) -
Uncut Comments
OB-21-228 Trend #4
171.10 173.00 1.90 9.30
Pontiac
Sediments
Including 172.00 173.00 1.00 17.55
AND 394.90 397.30 2.40 13.83
Southern
porphyry
Including 394.90 396.00 1.10 29.30
AND 442.30 444.30 2.00 5.66
Northern
porphyry
Including 442.30 443.30 1.00 10.35
OB-21-229 Trend #4
77.00 79.00 2.00 5.14
Pontiac
Sediments
AND 152.80 155.00 2.20 5.95
Pontiac
Sediments *VG
OB-21-241 Trend #4
145.00 147.00 2.00 31.56
Southern
Porphyry *VG
Including 146.00 147.00 1.00 60.80
OB-21-244 Trend #4
36.00 38.15 2.15 4.03
Pontiac
Sediments*VG
AND 153.80 155.80 2.00 4.70
Pontiac
Sediments*VG
OB-21-255 Trend #3
352.00 354.00 2.00 15.68
Southern Mafic
Volcanic*VG
Including 353.00 354.00 1.00 25.10
OB-21-256 Trend #3
416.00 418.50 2.50 11.75
Northern
Porphyry
Including 417.30 418.50 1.20 24.30
1. VG denotes the presence of visible gold
2. True widths estimated at 70%to 80% of core length. Unless otherwise relevant, primary intercepts reflect minimum mining width (1.50 m true width) at a 5.00 g/t cut -off grade
consistent with assumptions used in the 2019 MRE.
3. Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate
4. Table includes only intercepts that meet 5 g/t Au cut -off and minimum mining width constraints used in the 2019 MRE. For a full listing of drill results from current drilling prog ram
click here.
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 four high-grade mineralized trends, located
approximately 300 m, 600 m , 900 m and 1,200 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. In trend #1, drilling has
highlighted continuity of mineralization down to a vertical depth of 950 m, while current resources are
mostly limited to a vertical depth of approximately 600 m. In trend #2, drilling has highlighted continuity of
mineralization down to a v ertical depth of over 800 m, while current resources are mostly within 400 m
from surface. We are currently drilling a series of deeper holes below 950 m in trend #1 and 800 m in trend
#2, in order to test high potential targets at depth in these sectors . In trend #3, drilling has traced
mineralization down to 500 m vertical depth from surface. Current resources are mostly confined to within
a vertical depth of 240 m. While trend #4 does not materially contribute to current resources, drilling thus
far has traced mineralization to a vertical depth of 330 m.
Results released thus far from the ongoing campaign cover a strike length of approximately 1.2 km to the
east of the old O’Brien mine, representing only a small portion of more than 5 .2 km of prospective strike
that Radisson controls along the Cadillac Break. Given current geological understanding, the ongoing
validation of the litho -structural model, the company estimates there is strong exploration for additional
high-grade gold trends along the whole 5.2 km prospective land package on the prolific Larder -Lake
Cadillac Break.
116,000 m of drilling completed to date with results pending for approx. 34,000 m
This release represents approximately 5,391 m of drilling in 16 drill holes . Results are pending for
approximately 34,000 m in 74 holes including 33 holes with visible gold occurrences. Released results to
date (since the commencement of drilling in August 2019) represent approximately 63% of the 130,000 m
planned thus far. The company remains well funded with approximately $11.0 m in cash as of December
31, 2021.
Table 1. Breakdown of drilling planned, completed and pending results
Zone Allocated
drilling (m)
Drilled - Results
published (m)
Drilled - Results
pending (m)
To be
drilled (m)
Trend 0 18,300 6,600 11,700 0
Trend 1 40,700 27,900 6,800 6,000
Trend 2 38,500 25,200 4,300 9,000
Trend 3 15,700 10,200 5,500 0
Trend 4 / Eastern Exploration 11,000 11,000 0 0
O'Brien West 5,700 0 5,700 0
Total 129,900 80,900 34,000 15,000
Figure 1. Au Grade Distribution: OB-21-228, OB-21-229, OB-21-241, OB-21-244, OB-21-255, OB-21-256
Figure 2. O’Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North
Figure 3. O’Brien Gold Project: Trend #3 and #4 – Longitudinal section
Figure 4. O’Brien Gold Project: Trend #3 – Cross section
Figure 5. O’Brien Gold Project: Trend #4 – Cross section