Radisson Mining Reports Broader Exploration Scope
PRESS RELEASE
TSXV: RDS
For immediate release Press release No.3, 2010
RADISSON MINING REPORTS BROADER EXPLORATION SCOPE AT ITS ANNUAL MEETING HELD ON JUNE 22, 2010
Rouyn-Noranda, June 25, 2010: Radisson Mining Resources Inc. (“Radisson” or the “Company”)
is pleased to announce the results of its annual meeting of shareholders held on June 22, 2010 in Rouyn- Noranda, Quebec. At the meeting, shareholders elected Michel David, Jean-Marie Dupont and Paul Cregheur as members of the board of Directors for a two years term. Other directors of the Company are Ken Murton, Donald Lacasse and Luc Simoneau. The shareholders also re-appointed SAMSON BÉLAIR/DELOITTE & TOUCHE s.e.n.c.r.l., Chartered Accountants, as the Company’s auditors
At the meeting, Company management presented its corporate development plan concerning the exploration and development of its O’Brien-Kewagama gold project.
The property is located along the Cadillac Break and was previously the site of the past producing O’Brien mine, the highest grade gold producer of the Abitibi greenstone belt (reported production 1,302,000 tons @ 0.448 ounces per ton, 1932-1955).
Exploration by the Company on the property in the past resulted in the discovery of an indicated resource of 218,540 ounces (based on an indicated resource of 270,000 tons at an uncut grade of 0.56oz/ton and an inferred resource of 182,000 tons at an uncut grade of 0.37 ounces) as defined in the Scott-Wilson RPA 43-101 report of May 2007.
These resources, all outlined above the 2,000 foot level and located some 2,500 feet east of the old O’Brien mine workings, are high grade structures similar in nature to the O’Brien gold mine.
Management believes that in addition to the above structures and the excellent depth potential in this area, (the Agnico Eagle LAPA gold mine to the east along the Cadillac Break is located at 4,000 feet, with the Agnico Eagle Laronde mine, located 4 km to the northwest having now surpassed 10,000 feet in depth), there exists potential for high tonnage, lower grade deposits of the porphyry types, similar in nature to the Cadillac Break porphyries of the Osisko and Goldex types.
Company geologists are presently undertaking a complete recompilation and re-evaluation of both the historical mining and exploration results, prior to the start up of an aggressive drill campaign at the O’Brien- Kewagama
project.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Michel David, B.Sc., Donald Lacasse, Eng.
President and Chief Executive Officer Vice President, CFO and Secretary-Treasurer Tel: (819)797-0606 Tel: (819) 797-0606 [email protected] [email protected]
Website: www.radissonmining.com