Radisson reports high grade gold intercepts including 34.71 g/t Au over 3.90 m and 7.55
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
October 18, 2021
Radisson reports high grade gold intercepts including 34.71 g/t Au over 3.90 m and 7.55
g/t Au over 10.50 m from resource expansion drilling along trend #1 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
• Significant intercepts from resource expansion drilling along trend #1,
o 34.71 g/t over 3.90 m including 127.00 g/t over 1.00 m (OB-21-216W1)
o 7.55 g/t over 10.50 m including 10.46 g/t over 6.00 m (OB-21-240)
o 17.56 g/t over 2.00 m including 34.80 g/t over 1.00 m; and 8.22 g/t over 2.00 m including 14.70
g/t over 1.10 m (OB-21-226)
o 13.23 g/t over 2.00 m including 32.90 g/t over 0.80 m (OB-21-215)
o 9.25 g/t over 2.00 m including 11.35 g/t over 1.00 m; and 10.02 g/t over 2.30 m including 14.70
g/t over 1.30 m (OB-21-217)
• New and previously released high- grade intercepts confirm and support resource expansion potential
down to 950 m vertical depth along trend #1
• 130,000 m drill program underway at O’Brien
o 99,100 completed thus far with results pending for 23,840 m
o Cash balance of approx. $8.5M
“Drill results continue to validate our lithostructural model while demonstrating significant resource growth
potential at the high-grade O’Brien project. Drilling thus far has suggested the potential to at least double
the depth extent of resources along three high-grade trends within an approx. 1 km strike to the east of the
old O’Brien Mine.
Several high-grade gold intercepts from recent drilling along trend #1, including 34.71 g/t over 3.90 m (OB-
21-216W1) and 17.56 g/t over 2.00 m (OB -21-226) intersected mineralized structures outside defined
resource blocks, confirming the potential for resource growth along trend #1, laterally and at depth. In
addition, drilling intersected 7.55 g/t over 10.50 m (OB-21-240), confirming and potentially expanding some
of the deepest inferred resources along this trend.
The majority of our work program thus far has been focused within a 1 km along strike to the east of the
historic O’Brien Mine, we believe there is significantly more upside to be unlocked from a prospective land
package that includes more than 5 km of strike length along the prolific Cadillac Break. Results so far, all
support our theory of discovering and expanding additional high-grade mineralized trends as we step out
systematically further along strike and deeper beyond the limits of drilling to date.” commented Rahul
Paul, President and Chief Executive Officer.
Highlight drill results
Hole Zone From (m) To (m)
Core Length
(m)
Au (g/t) -
Uncut Comments
OB-20-171 Trend #1
302.00 304.00 2.00 5.81 Pontiac Sediment
Including 302.00 303.00 1.00 11.05
AND 723.00 725.00 2.00 5.28 Southern Mafic Volcanic
Including 723.00 724.00 1.00 7.38
AND 822.25 825.25 3.00 5.26 Northern Mafic Volcanic
Including 824.10 825.25 1.15 9.47
AND 826.25 828.25 2.00 5.54 Northern Mafic Volcanic
Including 827.50 828.25 0.75 14.70
OB-21-215 Trend #1
751.10 753.10 2.00 13.23 Northern Mafic Volcanic*VG
Including 751.10 751.90 0.80 32.90
OB-21-216 Trend #1
862.50 864.50 2.00 4.04 Piché Conglomerate
OB-21-216W1 Trend #1
862.10 866.00 3.90 34.71 Northern Mafic Volcanic*VG
Including 862.70 864.70 2.00 64.22
Which Includes 862.70 863.70 1.00 127.00
OB-21-217 Trend #1
857.60 859.60 2.00 9.25 Southern Porphyry*VG
Including 858.60 859.60 1.00 11.35
AND 873.40 875.70 2.30 10.02 Piché Conglomerate
Including 874.40 875.70 1.30 14.70
AND 897.20 899.20 2.00 3.46 Northern Porphyry
OB-21-226 Trend #1
279.00 281.00 2.00 17.56 Pontiac Sediment
Including 280.00 281.00 1.00 34.80
AND 314.00 316.00 2.00 5.82 Pontiac Sediment*VG
Including 315.00 316.00 1.00 11.60
AND 700.30 702.30 2.00 8.22 Piché Sediment
Including 701.20 702.30 1.10 14.70
OB-21-240 Trend #1
801.20 811.70 10.50 7.55 Northern Porphyry
Including 803.70 809.70 6.00 10.46
Which Includes 803.70 806.70 3.00 16.78
1. VG denotes the presence of visible gold
2. True widths estimated at 70% to 80% of core length. Unless otherwise relevant , primary intercepts reflect minimum mining width (1.5 0
m true width) at a 5.00 g/t cut-off grade consistent with assumptions used in the 2019 MRE .
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 high-grade trend #1 (300 m east of the old O’Brien
Mine)
Hole OB-21-216W1 returned 34.71 g/t Au over 3.90 m core length (see figure 1 for Au grade distribution)
at a vertical depth of 7 20 m approximately 60 m below current resources boundary. In addition, OB -21-
240 returned 7.55 g/t Au over 10.50 m confirming and possibly expanding some of the deepest inferred
resources along trend #1. In addition, OB-20-171, OB-21-217 and OB-21-226 returned multiple high-grade
intercepts outside current resources both along and outside of targeted zones.
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), 110.97 g/t Au over 2.50 m (OB-20-167), 24.22 g/t Au over 3.00 m (OB-20-
174w1b) and 19.63 g/t Au over 3.40 m (OB-20-181) 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, 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 Cadil lac 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.
99,100 m of drilling completed to date with assays pending for approx. 23,840 m
This release represents approximately 7,200 m of drilling in 9 drill holes. Released results to date (since
the commencement of drilling in August 2019) represent approximately 58% of the 130,000 m planned
thus far. As of October 15, 2021, the company remains well funded with approximately $8.5 m in cash.
Figure 1. Au Grade distribution: OB-20-171, OB-21-215, OB-21-216, OB-21-216W1, OB-21-217, OB-21-
218, OB-21-226 and OB-21-240
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: Cross section – Mineralized trend #1
Figure 4. Visible Gold in OB-21-215, OB-21-216W1 and OB-21-226
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
Nicolas Guivarch, M. Sc., P.Geo., Manager, Exploration and Technical Services is the
qualified person pursuant to the requirements of NI 43- 101, and ha s 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’Bri en
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 1957; 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
Rahul Paul
President and CEO
For more information on Radisson, visit our website at www.radissonmining.com or
contact:
Hubert Parent-Bouchard
Chief Financial Officer
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