Radisson Intersects 5.0 G/T GOLD over 6.0 Metres Outside Current Resources and Expands Drill Program to 20,000 Metres at O’Brien
TSXV: RDS
For immediate release Press release No. 01, 2017
RADISSON INTERSECTS 5.0 G/T GOLD OVER 6.0 METRES OUTSIDE CURRENT
RESOURCES AND EXPANDS DRILL PROGRAM TO 20,000 METRES AT O’BRIEN
Rouyn-Noranda, Quebec, February 14, 2017 : Radisson Mining Resources Inc. (TSXV:
RDS) (“ Radisson”) is pleased to provide an update on the exploration program at it’s 100%
owned O’Brien gold project located in the heart of the Cadillac mining camp along the Larder -
Lake-Cadillac fault in Quebec, Canada.
Since the last update on December 5 th, 2016 (see press release ), assay results have been
received for three holes.
Highlights:
Drill hole OB-16-15 intersected 5.0 g/t Au over 6.0 m; this intercept occurs 100 metres up-
dip of intercept which ran hole 5.0g/t Au over 5.0 m in hole OB 16 -12 and 25 metres west of
the currently defined resource envelope of the 36E Area (see figure 1).
Drill hole OB-16-15 also intersected 4.9 g/t Au over 1.5 m in the Cadillac sediments, north
of the Cadillac Fault (see figure 2).
Drill hole OB-16-17 intersected 11.5 g/t Au over 0.6 m at a depth of 125 metres in the
Pontiac Group sedimentary package south of current mineral resources (see figure 2).
Mario Bouchard, President and CEO commented: “We are very excited with the results obtained
in the current exploration program, as we continue to encounter mineralization outside of the
existing resource, as for example, in the “F Zone”. The synergies derived from the ongoing
historical data compilati on exercise combined with insights gleaned from the ongoing drilling
program will help drive our exploration program . The upside has never looked better on this
property which was mined from 1926 to 1957; finding gold in multiple host rock types – to the
west, north, and south of the existing resource – is a potential game changer.”
Drill program expanded to 20,000 metres
Given the positive results obtained during the 2016-2017 drilling campaign the company has
decided to expand the ongoing drilling program to 20,000 m.
One drill rig is currently operating at the O’Brien project and completing step -out and shallow
depth extension drilling on the F Zone, 36E and Kewagama areas. The company will mobilize a
second drill rig on the property by the end of March. With results obtained in the Pontiac Group
and Cadillac G roup sediments the expande d drilling program will include shallow depth
extension drilling and also exploration drilling on numerous high priority targets generated from
our historic data compilation program, “Orevision IP” (induced polarization) survey and the 2016-
2017 drilling program.
Geophysics survey and historic data compilation
Earlier in January, the company received results from Abitibi geophysics Inc.’s “Orevision IP”
survey completed on the s outhern portion of the O’Brien property. Multiple high priority targets
were defined in the Pontiac Group sediments, s outh of the current and historical resources.
Simultaneously, Radisson is advancing a historic data compilation program at the O’Brien
project, which it expects to complete by the end of March . These initiatives will potentially allow
the company to identi fy additional high priority exploration drill targets outside of current
resources.
2016 step-out drilling and ore shoot extension results summary (see figure 1)
3.0 metres grading 16.2 g/t gold including 1.0 metre grading 44.7 g/t gold (See OB 16-7)
2.5 metres grading 20.2 g/t gold including 0.5 metre grading 93.7 g/t gold (See OB 16-14)
1.4 metres grading 17.6 g/t gold including 0.5 metre grading 44.2 g/t gold (See OB 16-5)
16.0 metres grading 3.0 g/t gold including 5.0 metres grading 5.0 g/t gold (See OB 16-12)
6.0 metres grading 5.0 g/t gold (See OB 16-15)
2.0 metres grading 3.0 g/t gold (See OB 16-3)
7.0 metres grading 3.1 g/t gold (See OB 16-4)
1.0 metre grading 5.0 g/t gold (See OB 16-5)
2.0 metres grading 5.9 g/t gold (See OB 16-8)
2016 drill results in Pontiac and Cadillac Sedimentary group (see figure 2)
1.5 metres grading 10.0 g/t gold (See OB 16-13)
1.0 metre grading 12.8 g/t gold including 0.5 metre grading 23.8 g/t gold (See OB 16-3)
2.0 metres grading 8.6 g/t gold (See OB 16-10)
3.0 metres grading 6.3 g/t gold (See OB 16-14)
0.6 metre grading 11.0 g/t gold (See OB 16-5)
0.6 metre grading 11.5 g/t gold (See OB 16-17)
2.0 metres grading 4.3 g/t gold including 1.0 metre grading 6.2 g/t gold (See OB 16-5)
1.5 metres grading 10.0 g/t gold (See OB 16-13)
Note; Results are presented as downhole width; true width s are estimated to be between 55 to 70% of
downhole thickness.
All drill cores in this campaign are NQ in size. Analyses were completed on sawn half-cores, with
the second half kept for future reference. The samples were analyzed using standard fire assay
procedures with AA finish at Techni -Lab Actlabs in Ste -Germaine-Boulé in Abitibi, Quebec.
Samples yielding a grade higher than 5 g/t we re 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 and blank samples were inserted prior to
shipment for quality assurance and quality control (QA/QC) program.
Finally, Radisson would like to announce the resignation of Marianna Simeone as a director of
the company. Marianna Simeone has been a valuable member of the Board of Directors since
2015. The Company would l ike to thank Ms. Simeone for her valuable contribution as a director
and wishes her well in her future endeavours.
Qualified Person
Tony Brisson, P. Geo, independent consultant, acts as a Qualified Person as defined in National
Instrument 43 -101 and has reviewed and approved the technical information in this press
release.
About Radisson Mining Resources Inc.
Radisson is a Quebec -based mineral exploration company. The O’Brien project, cut by the
regional Larder-Lake-Cadillac Fault, is Radisson’s flagship asset. The project hosts the former
O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s high est-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; InnovExplo, April 2015).
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For more information on Radisson, visit our website at www.radissonmining.com or contact:
Mario Bouchard
President and CEO
819-277-6578
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements : This press release may contain certain forward -looking
information. All statements included herein, including the scheduled Closing date, but other than
statements of historical fact, is forward-looking information and such information involves various
risks and uncertainties. There can be no assurance that such information will prove to be
accurate, and actua l results and future events could differ materially from those anticipated in
such information. A description of assumptions used to develop such forward-looking information
and a description of risk factors that may cause actual results to differ material ly from forward
looking information can be found in Radisson’s disclosure documents on the SEDAR website at
www.sedar.com.