Radisson reports multiple high-grade intercepts including 59.79 g/t over 3.00
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
February 15, 2022
Radisson reports multiple high-grade intercepts including 59.79 g/t over 3.00
m and 13.55 g/t over 2.00 m, expanding mineralization laterally and at depth
in the gap between current resources and the old O’Brien Mine
Rouyn-Noranda, Qc 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 exploration drilling along trend #0 (approximately 300 m gap between the
old O’Brien Mine and currently modeled resources along trend #1)
o 59.79 g/t over 3.00 m including 173.50 g/t over 1.00 m (OB-21-235)
o 9.43 g/t over 3.00 m including 16.30 g/t over 1.00 m (OB-21-231)
o 13.55 g/t over 2.00 m (vertical depth of 620 m) including 53.00 g/t over 0.50 m (OB-21-247),
representing the deepest high-grade intercept in this sector from the ongoing drill program.
o 8.71 g/t over 2.05 m including 17.00 g/t over 1.05 m (OB-21-249)
• Modeled resources in the area are mostly limited to within 240 m of surface. New and previously
released results (including 92.89 g/t over 2.60 m, 47.10 g/t over 2.60 m, 10.87 g/t Au over 3.15 m and
14.90 g/t over 8.20 m) demonstrate continuity of high-grade mineralization in the area down to a vertical
depth of 620 m and up to 140 m west of currently modeled resources along trend #1.
• Results are pending for approximately 9 additional holes drilled in this sector, with visible gold showings
in 5 of those holes.
o Of particular interest are the results from a deep directional drilling program, comprising one pilot
hole and 7 branches, to test the depth extent of mineralization in this sector down to more than 800
m from surface (up to 200 m below the extent of previous drilling). All of these holes intersected
targeted structures including visible gold occurrences in four holes.
• 130,000 m drill program underway at O’Brien
o 119,800 m (231 holes) completed as of February 13, 2022 with results pending for 25,500 m in 55
holes of which 24 holes intersected visible gold.
o Cash balance of approx. $9.0M as of February 15, 2022
“Results from the ongoing program highlight the significant high -grade potential along trend #0, which
represents the approximately 300 m gap between current resources in trend #1 and historically mined
zones at the old O’Brien Mine. This area was never meaningfully drilled prior to the current program, as a
result of which its resource contribution is limited and mostly within 240 m from surface. This area became
a key focus of our drill program last year, with drill results to date demonstrating the continuity of high -
grade mineralization down to more than 600 m depth. Drill results to date from this sector have been very
impressive, with 26 holes published, including 14 intercepts returning grades of over 5 g/t and 6 intercepts
returning grades of over 10 g/t. We look forward to obtaining results for an additional 9 holes, of which 5
intersected visible gold. This includes results from our first directional drill program comprising one pilot
hole and seven branches, drilled to test the depth extent of mineralization down to 800 m or up to 200 m
below the limits of previous drilling.
Overall, results from our ongoing 130,000 m drill program continue to impress with 176 holes published so
far including 130 intercepts grading over 5 g/t and 55 intercepts grading over 10 g/t. In addition, results are
pending from 55 holes to the east of the O’Brien Mine of which 24 holes have visible gold occurrences.
We are also currently drilling some of our most promising deep targets below previously encountered
mineralization in trend #1 and #2. We look forward to building momentum with significant news flow in the
weeks and months ahead as these results become available.” Commented Rahul Paul, President and
Chief Executive Officer.
Figure 1. O’Brien Gold Project: Trend #0 / #1 – Longitudinal section
Notable drill results
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.
Hole Zone From (m) To (m)
Core
Length
(m)
Au (g/t) –
Uncut Comments
OB-21-198 Trend #0
245.50 247.80 2.30 4.90
Including 246.60 247.80 1.20 9.29
OB-21-200 Trend #0
242.00 244.45 2.45 4.80
Including 242.00 243.10 1.10 10.60
OB-21-220 Trend #0
603.00 606.00 3.00 3.54 VG
Including 604.40 604.90 0.50 20.30
OB-21-231 Trend #0
337.20 340.20 3.00 9.43 VG
Including 337.20 338.20 1.00 11.90
And 339.20 340.20 1.00 16.30
OB-21-235 Trend #0
280.00 283.00 3.00 59.79 VG
Including 281.00 283.00 2.00 89.15
Which Includes 282.00 283.00 1.00 173.50
OB-21-247 Trend #0
691.00 693.00 2.00 13.55 VG
Including 691.50 692.00 0.50 53.00
OB-21-249 Trend #0
653.95 656.00 2.05 8.71 VG
Including 654.95 656.00 1.05 17.00
OB-21-281 Trend #0
64.00 66.00 2.00 6.74 VG
Including 65.00 66.00 1.00 13.45
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 almost five high-grade mineralized
trends, located within a 1,200 m strike respectively to the east of the old O’Brien Mine.
Mineralized trends identified bear similarities with structures previously mine d 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 defined trends, which remain open for expansion laterally and at
depth. In trend # 0, drilling has traced mineralization to a depth of 620 m, while current
resources are mostly within the first 240 m. 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. In trend #4, drilling has traced mineralization down to a vertical
depth of approximately 330 m.
In addition, the Company has completed an initial 5,700 m exploration program at O’Brien
West. In addition to validating geological information from historical drill holes, initial
results showcase potential for additional high-grade discoveries in this area. 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 ground west of the O’Brien
Mine along the prolific Larder-Lake-Cadillac break.
Almost all drilling conducted as part of the ongoing campaign has been within a strike
length 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
potential for additional high-grade gold trends to be discovered along the whole 5.2 km
prospective land package on the prolific Larder-Lake Cadillac Break.
119,800 m of drilling completed to date with assays pending for approx. 25,500 m
This release represents approximately 8,130 m of drilling in 16 drill holes. Released results
to date (since the commencement of drilling in August 2019) represent approximately 72%
of the approximately 130,000 m planned thus far. 1 As of February 15, 2022, the company
remains well funded with approximately $9.0 m in cash.
1 Estimated as of February 13th, 2022
Breakdown of drilling planned, completed and pending results
Sector / Trend Planned
drilling (m)
To be
drilled (m)
Drilled - Results published Drilled - Results pending
metres # holes
# holes
(with
VG)
metres # holes
# holes
(with
VG)
O'Brien West 5,700 0 5,700 12 1 0 0 0
Trend #0 18,200 0 14,500 26 16 3,700 9 5
Trend #1 42,900 5,400 28,100 46 27 9,400 20 6
Trend #2 34,500 5,000 25,100 43 20 4,400 8 5
Trend #3 16,200 0 10,200 25 11 6,000 14 6
Trend #4 8,400 0 6,400 15 6 2,000 4 2
Kewagama East / Other 4,300 0 4,300 9 3 0 0 0
Total 130,200 10,400 94,300 176 84 25,500 55 24
Summary of results published to date from current program
Sector / Trend
# holes published Number of published intercepts
grading,
# holes
published
# holes
with VG
% holes
with VG
>5 g/t
Au
>10
g/t Au
>15
g/t Au
>20
g/t Au
O'Brien West 12 1 8% 3 1 1 1
Trend #0 26 16 62% 14 6 3 3
Trend #1 46 27 59% 50 21 12 9
Trend #2 43 20 47% 37 14 8 4
Trend #3 25 11 44% 16 9 5 3
Trend #4 15 6 40% 6 2 1 1
Kewagama East & Other 9 3 33% 4 2 1 1
Total 176 84 48% 130 55 31 22
Figure 2. Au Grade Distribution: OB-21-198, OB-21-200, OB-21-220, OB-21-231, OB-21-235, OB-21-247, OB-21-249, OB-21-281
Figure 3. O'Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North