Radisson intersects 24.22 g/t Au over 3.00 m and 19.63 g/t Au
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
February 4, 2021
Radisson intersects 24.22 g/t Au over 3.00 m and 19.63 g/t Au
over 3.40 m, up to 280 m below the resource boundary along the
first high-grade 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 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
• Deep drilling highlights resource expansion potential at depth along high-grade
trend #1,
o OB-20-174W1b:
▪ 24.22 g/t Au over 3.00 m core length, approx. 280 m below the
resource boundary, including consecutive intercepts of
• 34.10 g/t Au over 1.00 m,
• 26.20 g/t Au over 1.00 m, and
• 12.35 g/t Au over 1.00 m
o OB-20-181: Multiple high-grade intercepts 120 m to 170 m below the
resource boundary
▪ 13.74 g/t Au over 1.70 m (incl. 28.70 g/t Au over 0.80 m), and
▪ 19.63 g/t over 3.40 m including consecutive intercepts of,
• 22.40 g/t Au over 1.10 m
• 18.25 g/t Au over 1.20 m, and
• 18.35 g/t Au over 1.10 m
o OB-20-174W1b is a wedge off pilot hole OB-20-174, which also intercepted
multiple mineralized zones (albeit lower grade) 30 m to the west of the
above high-grade intercept.
o OB-20-174 and OB-20-174W1b are the deepest holes drilled along trend
#1 since the beginning of this drill campaign in 2019.
• 130,000 m drill program (commenced Aug 2019) underway at O’Brien.
o 60,499 m completed thus far with results pending for 11,360 m
• Cash balance of approx. $14.5 M
Notable drill results
Hole Zone
From
(m) To (m)
Core
Length
(m)
Au
(g/t)
Uncut Comments
OB-20-174W1B
1,017.00 1,020.00 3.00 24.22 South Porphyry*VG
Including 1,017.00 1,018.00 1.00 34.10
And 1,018.00 1,019.00 1.00 26.20
And 1,019.00 1,020.00 1.00 12.35
OB-20-181
850.50 852.20 1.70 13.74 South Mafic Volcanic*VG
Including 851.40 852.20 0.80 28.70
AND 893.60 897.00 3.40 19.63 South Porphyry
Including 893.60 894.70 1.10 22.40
And 894.70 895.90 1.20 18.25
And 895.90 897.00 1.10 18.35
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. To the
extent possible, 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 at depth along mineralized trend #1 (300 m east of
the old O’Brien Mine)
Hole OB-20-174w1b returned 24.22 g/t Au over 3.00 m core length (see figure 1 for Au
grade distribution) at a vertical depth of 930 m approximately 280 m below the boundary
of resources. In addition, OB-20-181 returned multiple high-grade intercepts including
13.74 g/t Au over 1.70 m core length (vertical depth of 785 m) and 19.63 g/t Au over
3.40 m (vertical depth of 820 m), the high-grade intercepts were respectively obtained
approximately 120 m and 170 m below the resource boundary.
OB-20-174w1b is a wedge off pilot hole OB-20-174 which also intersected multiple lower-
grade mineralized zones approximately 30 m west of the above intercept. OB-20-174 and
OB-20-174W1b are the deepest holes drilled since the beginning of the program to test
the extension of mineralized trend #1.
The high-grade intercepts obtained in hole OB-20-174w1b and OB-20-181 appear to have
been obtained in the same geological units. These intercepts along with other previously
released intercepts including 66.71 g/t Au over 4.70 m (OB-19-92W2b), 37.76 g/t Au over
2.00 m (OB-19-98W2), 23.57 g/t Au over 2.60 m (OB-19-107), 45.33 g/t Au over 2.20 m
(OB-20-148W1) and 110.97 g/t Au over 2.50 m (OB-20-167) demonstrate continuity of
high grade mineralization down to a vertical depth of 950 m and up to 350 m below
currently defined resources on trend #1.
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. 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, approximately 350 m below the boundary of resources that are limited to
a vertical depth of 600 m. In trend #2, 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 . In trend #3, 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 5.2 km of prospective strike that Radisson controls along the Cadillac
Break.
60,499 m of drilling completed to date with assays pending for approx. 11,360 m
This release represents approximately 3,196 m of drilling. Released results to date
(since the commencement of drilling in August 2019) represent approximately 39% of
the 130,000 m envisioned to be complete by the end of 2021. As of January 31, 2021,
the company remains well funded with approximately $14.5 m in cash.
Figure 1. Au Grade distribution in OB-20-174, OB-20-174W1b and OB-20-181
Figure 2. Visible gold in OB-20-174, OB-20-174W1b and OB-20-181
Figure 3. O’Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North
Figure 4. O’Brien Gold Project: Cross section – 1st mineralized trend
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 5 g/t Au were analyzed a second time
by fire assay with gravimetric finish at the same laboratory. Samples 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
Kenneth Williamson, M.Sc., P.Geo., Senior Advisor, Geology and Nicolas Guivarch, M.
Sc., P.Geo., Exploration Manager are the qualified persons pursuant to the requirements
of NI 43 -101, and have 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 1 957; 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
Mario Bouchard
CEO and Director
For more information on Radisson, visit our website at www.radissonmining.com or
contact:
Hubert Parent-Bouchard
Director, Corporate development
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