Radisson intersects 14.90 g/t over 8.00 m, 41.04 g/t Au over 2.30 m
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
January 20, 2021
Radisson intersects 14.90 g/t over 8.00 m, 41.04 g/t Au over 2.30 m
and 5.73 g/t over 9.20 m highlighting resource expansion potential to
the east and west of the first trend at the O’Brien project
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
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.
Drilling has continued to validate the 2019 litho-structural model (announced in February 2019)
while demonstrating the potential for resource growth at depth and along strike. Drilling so far
has been focused on an approximately 1 km strike length to the east of the old O’Brien Mine ,
historically considered the highest -grade gold mine in Quebec (production of 587,121 oz Au
grading 15.25 g/t from 1926 – 1957). With the acquisition of the New Alger project (August 2020),
Radisson now controls approximately 5.2 km of highly prospective strike along the Cadillac
Break, including 2.5 km to the east and west of the main shaft at the old O’Brien Mine.
Key highlights
• Resource expansion potential to the west of the first mineralized trend,
o OB-20-168: 14.90 g/t over 8.00 m (incl. 22.24 g/t over 2.30 m and 33.94 g/t over
2.00 m) approximately 60 m west of the current resource boundary.
• Resource expansion potential to the east of the first mineralized trend (multiple intercepts
approximately 40 m east of the current resource boundary)
o OB-20-164: 41.04 g/t over 2.30 m (incl. 170.50 g/t over 0.55 m) and 10.46 over
2.05 (incl. 36.40 over 0.50 m)
o OB-20-170: Multiple intercepts including 5.27 g/t over 7.40 m and 5.73 g/t over
9.20 m (incl. 13.45 g/t over 1.90 m and 12.15 g/t over 2.00 m)
• Ongoing drill program (commenced Aug 2019) expanded by 70,000 m for a total of
130,000 m since completion of the last NI-43-101 resource estimate (July 2019)
o 57,154 m completed to the end of 2020 with results pending for 10,790 m
• Cash balance of approx. $15 M following the November 2020 equity financing
• Corporate updates
o Kenneth Williamson appointed Senior Advisor, Geology
o Nicolas Guivarch promoted to Manager, Exploration
o Richard Nieminen has stepped down as Director, Exploration
Notable drill results
Hole Zone
From
(m) To (m)
Core
Length
(m)
Au
(g/t) -
Uncut Comments
OB-20-160
32.65 34.45 1.80 7.45 Pontiac sediments
Including 32.65 33.45 0.80 16.60
OB-20-163
67.20 69.10 1.90 5.61 Pontiac sediments
Including 68.10 69.10 1.00 10.40
OB-20-164
196.25 198.55 2.30 41.04 Pontiac sediments*VG
Including 198.00 198.55 0.55 170.50
AND 493.85 495.90 2.05 10.46 Piché Grauwacke*VG
Including 493.85 494.35 0.50 36.40
AND 503.25 505.00 1.75 5.84 Piché Basalt*VG
Including 503.25 503.75 0.50 19.65
OB-20-168
591.00 599.00 8.00 14.90 Contact Porphyry – Basalt*VG
Including 591.00 593.30 2.30 22.24
Which Includes 591.00 592.30 1.30 39.00
And 597.00 599.00 2.00 33.94
Which Includes 598.00 599.00 1.00 67.50
OB-20-170
213.50 215.50 2.00 8.43 Pontiac sediments
Including 214.50 215.50 1.00 16.80
AND 562.60 570.00 7.40 5.27 Piché Conglomerate
Including 562.60 567.40 4.80 6.82
Which Includes 565.40 567.40 2.00 9.83
AND 576.00 578.00 2.00 4.02 Piché Conglomerate*VG
Including 577.00 578.00 1.00 6.15
AND 593.10 602.30 9.20 5.73 North Porphyry*VG
Including 593.10 595.00 1.90 13.45
Which Includes 594.00 595.00 1.00 25.30
And 600.30 602.30 2.00 12.15
Which Includes 601.30 602.30 1.00 23.20
1. VG denotes the presence of visible gold
2. Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. Unless otherwise appropriate
(e.g., proximity to other higher-grade intercepts), primary intercepts reflect minimum mining width (1.5 m true width) consistent
with assumptions used in the 2019 resource estimate.
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 program click here.
Resource expansion potential to the East of the first mineralized trend (300 m east of the
old O’Brien Mine)
• Hole OB-20-164 returned multiple mineralized intercepts approximately 38 m to the
east of currently modeled resources in the first trend including,
o 41.04 g/t Au over 2.30 m core length (vertical depth of 185 m) including 170.50
g/t over 0.55 m, including visible gold showings and
o additional high-grade intercepts 280 m vertically below the above intercept,
including (see figure 1 for Au grade distribution),
▪ 10.46 g/t over 2.05 m core length including 36.40 g/t over 0.50 m, and
▪ 5.84 g/t over 1.75 m core length including 19.65 g/t over 0.50 m
▪ these intercepts were obtained,
• approximately 150 m vertically above and 50 m to the west of
the previously released intercept of 110.97 g/t over 2.50 m from
hole OB-20-167
• approximately 150 m vertically above and 55 m to the west of a
historical intercept of 1920 g/t over 0.21 m (U-1328)
Figure 1. OB-20-164: Au grade distribution from 493.85 m to 505.00 m
• Hole OB-20-170 returned multiple mineralized intercepts approximately 25 m to the
east of currently modeled resources in the first trend (and approximately 110 m below
and 75 m further east of the high-grade intercepts in OB-20-164) including,
o 8.43 g/t Au over 2.00 m core length (vertical depth of 205 m) including 16.80
g/t over 1.00 m, and
o additional high-grade intercepts 335 m vertically below the above intercept,
including,
▪ 5.27 g/t over 7.40 m core length including 9.83 g/t over 2.00 m,
▪ 4.02 g/t over 2.00 m core length including 6.15 g/t over 1.00 m, and
o 5.73 g/t over 9.20 m core length (vertical depth of 570 m) including,
▪ 13.45 g/t over 1.90 m core length including 25.30 g/t over 1.00 m, and
▪ 12.15 g/t over 2.00 m core length including 23.20 g/t over 1.00 m
• OB-20-164, OB-20-167 and OB-20-170 highlight the potential for resource expansion
to the east of the current resource boundary, between 465 m and 615 m vertical depth.
Figure 2. OB-20-170: Au grade distribution from 554.00 m to 579.80 m (top) and 593.10 m to 602.30 m
(bottom)
Resource expansion to the West of the first mineralized trend (300 m east of the old
O’Brien Mine) near the lower boundary of current resources
• Hole OB-20-168 returned 14.90 g/t over 8.00 m (vertical depth of 475 m; see figure 3
for Au grade distribution) approximately 60 m to the West of currently modeled
resources in the first trend. This broader mineralized zone includes,
o 22.24 g/t Au over 2.30 m core length, including 39.00 g/t over 1.30 m,
including visible gold showings, and
o 33.94 g/t over 2.00 m core length, including 67.50 g/t over 1.00 m
• The high-grade intercept was obtained 330 m below previously reported intercept of
92.89 g/t over 2.60 m (from OB-20-153), and approximately 55 m and 145 m,
respectively above historical intercepts of 21.46 g/t over 1.70 m (OB-17-23) and 124.57
g/t over 0.82 m (ST-1029).
• Both intercepts were obtained within multiple mineralized structures appearing to align
with the dip of the first mineralized trend, highlighted by historical drilling and step-out
drilling completed below current resources.
• The high-grade intercepts are both located outside and to the east of the current
resource boundary.
• OB-20-168, OB-20-159, OB-20-158 and OB-20-153 and other historical intercepts
highlight the potential for resource expansion by up to 60 m to the west of the current
resource boundary, starting close to surface down to and 475 m vertical depth.
Figure 3. OB-20-168: Au grade distribution from 583.00 m to 606.00 m
• In addition to hole OB-20-168, hole OB-20-160 and OB-20-163 returned high-grade
intercepts of respectively 7.45 g/t Au over 1.80 m and 5.61 g/t Au over 1.90 m in the
Pontiac sediments suggesting the presence and continuity of ENE mineralized zones
within this geological unit.
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.
• Assays are pending from step-out drill holes completed on all three trends.
• 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 770 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. Current 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 Rad isson controls along the
Cadillac Break.
57,743 m of drilling completed to date with assays pending for approx. 10,790 m
• This release represents approximately 4,979 m of drilling.
• With approximately $15M in treasury, the company is now funded to expand the program
to over 130,000 m through 2021
• Released results to date (since the commencement of drilling in August 2019) represent
only 36% of approximately 130,000 m envisioned to be complete by the end of 2021.
Corporate updates
• Kenneth Williamson appointed Senior Advisor, Geology
• Nicolas Guivarch promoted to Manager, Exploration
• Richard Nieminen has stepped down as Director, Exploration
Radisson is pleased to announce that it has entered to an arrangement with 3DGeo Solution
Inc., whereby Kenneth Williamson (M.Sc., P.Geo) has been appointed Senior Advisor, Geology.
Mr. Williamson, currently President of 3DGeo Solution Inc., is a professional geologist with close
to 20 years of experience in the gold mining industry . He graduated with a master’s degree in
Structural Geology from Laval University in 2002. His prior experience includes key technical
roles with corporates such as Gold corp, Rubicon Minerals and Premier Gold in addition to
consulting roles with InnovExplo and MRB & Associates. Mr. Williamson has been involved with
the Company and the O’Brien Project since 2018. He was responsible for the development of
the current litho-structural model and the ensuing NI 43-101 mineral resource estimate in 2019.
In collaboration with the company management and the technical team , Mr. Williamson will
assist with the planning and execution of the exploration programs well as maintaining his key
role in the geological interpretation and 3D modeling efforts deployed by the company.
In addition, Nicolas Guivarch (M.Sc., P.Geo) has been promoted to Exploration Manager. Mr.
Guivarch, who joined Radisson in August 2019, is a professional geologist with close to 10 years
of experience in mineral exploration. His prior experience includes roles with AREVA,
InnovExplo, Metanor Resources and MRB & Associates. He graduated with a master’s degree
in Exploration and Mineral Resource Management from the University of Orleans in 2009. Mr.
Guivarch has been an integral part of the exploration team since August 2019 and has since
been involved with all aspects of the exploration program at O’Brien. His management role within
the Radisson team will ensure the smooth execution of the exploration program.
Richard Nieminen has stepped down from the position of Director of Exploration , effective
December 31, 2020. The Company would like to thank him for his valuable contribution over the
last two years and wishes him the best of success in his future endeavours.
In addition, in order to fulfill new professional duties which would place him in conflict with current
board position at Radisson, Tony Brisson has stepped down from the position of director on the
company’s Board of directors, effective January 15, 2021. The Company would like to thank him
for his valuable contribution and wishes him the best of success in his future endeavours.
Figure 4. O’Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North
Figure 5. O’Brien Gold Project: Cross section highlighting OB-20-164, OB-20-168 and OB-20-170