Radisson intersects 38.34 g/t gold over 2.00 m from initial exploration
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
January 27, 2022
Radisson intersects 38.34 g/t gold over 2.00 m from initial exploration
program to the west of the old O’Brien mine
Rouyn-Noranda, Quebec: 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 initial exploration program west of the old O’Brien mine,
o 38.34 g/t over 2.00 m including 76.60 g/t over 1.00 m, and 5.84 g/t over 2.00 m including 11.20
g/t over 1.00 m (OB-21-250)
o 7.24 g/t over 3.20 m including 14.20 g/t over 1.10 m (OB-21-186)
o Results thus far highlight the potential to discover additional high-grade enrichment vectors along
the 2.5 km strike west of the old O’Brien mine an area which remains largely untested.
• 130,000 m drill program underway at O’Brien
o 119,000 m completed thus far with results pending for 28,300 m
o Cash balance of approx. $10.5M
“We are very excited to report results from our exploration program to the west of the old O’Brien Mine, an
area with very limited drilling located 900 m from current resources boundary. We view initial results as
very significant in that they demonstrate high grade potential in the area from mineralized zones bearing
similarities to those observed in the resource area and the old O’Brien Mine. O’Brien West remains open
in all direction, with results indicating strong depth continuity in lithological units identical to those observed
along strike to the west , reaffirming the upside potential from approximately 2.5 km of largely untested
prospective strike west of the O’Brien Mine along the prolific Larder-Lake-Cadillac break.
In addition to validating geological information from historical drill holes, initial results showcase potential
for additional high-grade discoveries in this area, most notably with hole OB-21-250 intersecting 38.34 g/t
over 2.00 m within only 215 m of surface and OB-21-186 intersecting 7.24 g/t over 3.20 m, approximately
85 m further west. Drilling also highlighted the potential for good depth continuity down to 780 m with
deeper holes intersecting mineralized structures.
With initial drilling significantly exceeding our expectations, our team will be working on generating new
high-priority exploration targets as we look forward to systematically stepping out with the aim of extending
the footprint of mineralization along the 2.5 km of prospective strike at O’Brien West. In addition, results
are pending from 28,300 m of drilling in 62 holes to the east of the O’Brien Mine, of which 32 holes have
visible gold occurrences. We are also currently drilling high priority deep targets below previously
encountered mineralization in trend #1 and #2. We expect significant news flow in the weeks and months
ahead as these results become available. ” commented Rahul Paul, President and Chief Executive
Officer.
Exploration drill results – O’Brien West
Hole Zone From (m) To (m)
Core
Length
(m) Au (g/t) - Uncut
Comments
OB-21-186 O'Brien West
356.00 361.30 5.30 5.20 Pontiac Sediment
Including 357.10 360.30 3.20 7.24
OB-21-189 O'Brien West
307.20 309.30 2.10 4.67
Contact Grauwacke
– Cadillac Fault
Including 307.20 308.25 1.05 6.60
OB-21-190 O'Brien West
650.10 653.30 3.20 2.17 Mafic Volcanic
OB-21-250 O'Brien West
204.20 206.20 2.00 2.85 Mafic Volcanic
AND 225.85 227.85 2.00 5.84 Conglomerate
Including 226.85 227.85 1.00 11.20
AND 264.00 266.00 2.00 38.34 Conglomerate
Including 264.00 265.00 1.00 76.60
OB-21-254 O'Brien West
394.20 396.45 2.25 3.59 Felsic Intrusive *VG
1. VG denotes the presence of visible gold .
2. True widths estimated at 70% to 80% of core length.
3. Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate .
4. For a full listing of drill results from current drilling program click here.
Exploration drilling on O’Brien west
Results from an initial 5,700 m exploration campaign west of the old O’Brien mine
demonstrate the high-grade potential along the largely untested 2.5 km strike length to our
western claim boundary , an area that does not currently contribute to resources . This
campaign was successful at validating historical drill data , enhancing our geological
interpretation of the sector and confirming the expansion potential along strike and at
depth. Results obtained to date suggest the potential to discover new high-grade
enrichment vectors and in turn meaningfully drive resource expansion in the future.
These encouraging results also appear to confirm the high-grade potential in the area ,
most notably with drill hole OB-21-250 intersecting 38.34 g/t over 2.00 m. While some drill
holes returned lower gold assay values, initial drilling has traced mineralized zones down
to 780 m vertical depth. This includes OB-21-254 which intersected mineralized structures
with visible gold occurrences below the above intercept and hole OB -21-190 which
suggests that mineralized structures likely extend to greater depths.
Lithological units observed in the drill holes appear identical to those observed in the New
Alger area. In addition, all holes intersected significant mineralized zones bearing
similarities to those observed on the resource area and the old O’Brien mine, including
quartz veins within a halo altered in biotite and mineralized in arsenopyrite.
The company is currently integrating the data into the litho-structural model to generate
new high -priority exploration targets and to better define the geometry of mineralized
zones and gold-bearing structures.
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 th ree 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 vertical depth of over 800 m, while current resources 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 within a vertical depth of 240 m.
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. 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.
119,000 m of drilling completed to date with assays pending for approx. 28,300 m
This release represents approximately 5,700 m of drilling in 12 drill holes. Released results
to date (since the commencement of drilling in August 2019) represent approximately 67%
of the 130,000 m planned thus far. As of January 15th, 2022, the company remains well
funded with approximately $10.5 m in cash.
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 7,300 5,500
Trend 2 38,500 25,200 4,800 8,500
Trend 3 15,700 10,200 5,500 0
Trend 4 and Other 11,000 11,000 0 0
O'Brien West 5,700 5,700 0 0
Total 129,900 86,600 29,300 14,000
Figure 1. Au Grade Distribution: OB -21-186, OB-21-189, OB-21-190, OB-21-192, OB-21-224, OB-21-250, OB-21-254
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: O’Brien west – Longitudinal section
Figure 4. O’Brien Gold Project: O’Brien west – Cross section