Radisson intersects 10.65 g/t Gold over 4.40 m and 21.84 g/t Au
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF,
FRANKFURT: 2RX
Rouyn-Noranda, Qc
January 24, 2023
Radisson intersects 10.65 g/t Gold over 4.40 m and 21.84 g/t Au
over 2.00 m at 900 m vertical depth along Trend #2
Rouyn-Noranda, Qc Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF):
(“Radisson” or the “Company") is pleased to announce significant high -grade gold
intercepts from the 127,600 m exploration drill program completed this summer 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
Impressive intercepts along high-grade trend #2
o 10.65 g/t Au over 4.40 m including 18.68 g/t Au over 2.00 m (OB-22-308W4)
o 21.84 g/t Au over 2.00 m including 61.50 g/t Au over 0.70 m and;
o 21.33 g/t Au over 2.00 m including 42.00 g/t Au over 1.00 m and;
o 10.47 g/t Au over 3.60 m including 31.90 g/t Au over 1.00 m (OB-22-308W7)
Current resources along trend # 2 are located from surface down to vertical depth of
approximately 500 m. Drilling completed during this campaign expanded high-grade gold
mineralization 400 m below current resources down to 900 m vertical depth. Results
obtained along trend #2 confirmed the resource expansion potential and the presence of
wider mineralized zones on the sector including 11.13 g/t over 10.70 m (OB-21-201),
18.42 g/t over 5.00 m (OB-20-180), 8.35 g/t over 6.00 m (OB-20-124), 8.93 g/t over 5.00
m (OB-21-290W1), 8.20 g/t over 7.00 m (OB-21-202) and 8.87 g/t over 5.00 m (OB-21-
187).
Mineral resource estimate update - Q1 2023
The Company is pleased to report that the mineral resource estimate update for the
O’Brien gold project is progressing within schedule. The Company is pleased to announce
that it now expects the mineral resource estimate to be completed within the first quarter
of 2023.
“We are pleased to report final results from the 127,600 m drill campaign completed in
2022. The main objective of the program started in 2019 was to expand the footprint of
the O’Brien gold deposit in a 1.2 km corridor located east of the richest mine by grade in
Quebec. This corridor represents less than 25% of the Radisson land holding along the
prolific Larder-Lake-Cadillac Break and results have been impressive with 157 intercepts
grading over 5 g/t Au within 2 56 holes published. Results from the 33,200 metres drilled
along Trend #2 have been spectacular with 45 intercepts over 5 g/t Au within only 61
drill holes . High-grade gold mineralization has now been expanded down to 900 m
vertical depth along Trend #2.
Considering the high-grade intercepts and larger widths observed in expansion drill holes
along Trend #2 we expect this sector to contribute significantly to the resource estimate
update. The resource estimate is progressing within schedule, and we are happy to
provide investors a revised schedule for a publication now targeted during the first quarter”
Commented Denis Lachance, Interim President and Chief Executive Officer.
Figure 1. O’Brien gold project, longitudinal section looking North – High-grade
gold intercepts within and outside the 2019 resource estimate outline
Figure 2. Current resources area – longitudinal section looking North – Selected
high-grade gold intercepts from current release
Figure 3. Summary of results published to date
Drill results summary table
Hole Zone From (m) To (m)
Core Length
(m)
Au (g/t) -
Uncut
OB-22-308W1 Trend #2
919.10 921.00 1.90 6.92
Including 919.10 920.40 1.30 8.75
Which Includes 919.80 920.40 0.60 13.00
OB-22-308W4 Trend #2
950.00 954.40 4.40 10.65
Including 952.40 954.40 2.00 18.48
OB-22-308W5 Trend #2
917.50 919.50 2.00 3.83
Including 917.50 918.50 1.00 6.09
OB-22-308W7 Trend #2
951.00 953.00 2.00 21.84
Including 952.30 953.00 0.70 61.50
AND 961.30 963.30 2.00 21.33
Including 962.30 963.30 1.00 42.00
AND 994.50 998.10 3.60 10.47
Including 995.00 996.00 1.00 31.90
1. True widths estimated at 70% to 80% of core length.
2. For a full listing of drill results from current drilling program click here.
Summary of results published to date
Sector / Trend
Published
results
(m)
# holes published Number of published intercepts grading,
# holes
published
# holes
with
VG
% holes
with VG
>3 g/t
Au
>5 g/t
Au
>10 g/t
Au
>15 g/t
Au
>20 g/t
Au
>25
g/t
Au
O'Brien West 5,700 11 1 9% 5 3 1 1 1 1
Trend #0 18,200 37 21 57% 27 17 8 4 4 4
Trend #1 42,200 77 41 53% 74 60 27 15 8 7
Trend #2 33,200 61 29 48% 57 45 19 11 7 4
Trend #3 16,200 40 18 45% 30 20 11 6 3 1
Trend #4 8,500 19 10 53% 11 8 2 1 1 1
Kewagama East & Other 3,600 11 1 9% 4 4 2 1 1 1
Total 127,600 256 121 47% 208 157 70 39 25 19
127,600 m of drilling completed to date
This release represents approximately 5,000 m of drilling in 10 drill holes. Released results
to date represent 100% of the 127,600 m drilled during the campaign . As of January 20,
2023, the Company remains well funded with approximately $ 3.0 m in cash.
Figure 4. O'Brien Gold Project: Trend #2 cross section
Figure 5. Visible Gold in holes OB-22-308W2 and OB-22-308W7
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 L td, 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. Mineralized zones containing
visible gold were analyzed with metallic sieve procedure. Stand ard reference materials,
blank samples and duplicates were inserted prior to shipment for quality assurance and
quality control (QA/QC) program.
Qualified Person
Vivien Janvier, P.Geo., Ph.D., Director, Geology for Radisson mining resources Inc. is the
qualified person pursuant to the requirements of NI 43 -101. Vivien Janvier 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:
Denis V. Lachance
Chairman, Interim President and CEO
819-806-3340
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, estim ates 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 res ults 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 rel ating 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, exp ectations, 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 Corporation
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.