Radisson reports several high-grade intercepts above 15 g/t Au from
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
October 20, 2022
Radisson reports several high-grade intercepts above 15 g/t Au from
expansion drilling along Trend #1 at the O’Brien gold project
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 127,600 m
exploration drill program completed this summer 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- N oranda
and Val-d’Or in Quebec, Canada.
K
ey highlights
Significant intercepts from resource expansion drilling along high-grade trend #1
o 18.76 g/t Au over 3.10 m including 52.50 g/t Au over 0.90 m (OB-21-269)
o 18.45 g/t Au over 2.20 m including 43.00 g/t Au over 0.90 m and;
o 11.58 g/t Au over 2.00 m including 21.40 g/t Au over 1.00 m (OB-21-265)
o 16.45 g/t Au over 2.00 m including 26.90 g/t Au over 1.00 m (OB-21-262)
o 15.31 g/t Au over 2.00 m including 26.30 g/t Au over 1.00 m (OB-21-307)
Current resources along trend #1 are limited down to a vertical depth of approximately 600 m. Drilling
completed during this campaign expanded high-grade gold mineralization 350 m below current resources
down to 950 m vertical depth . Results have been obtained over a strike length of 100 m , including
amongst others 66.70 g/t Au over 4.70 m , 34.71 g/t Au over 3.00 m, 24.22 g/t Au over 3.00 m and 19.43
g/t Au over 3.40 m.
Results are pending for 10 additional directional drill holes (5,000 m) along trend #2 with visible gold
showings in 4 of those holes.
“Over the last months, our team has been focused at executing the 127,600 m drill campaign completed
this summer. The main objective of the program was to expand the footprint of the O’Brien gold deposit in
a 1.2 km corridor located east of the richest mine by grade in Quebec. This corridor represents less than
25% of the prolific package owned by Radisson along the Larder- Lake-Cadillac Break and results have
been impressive with 152 intercepts grading over 5 g/t Au within 246 holes published. Results from the
42,200 metres drilled along Trend #1 have been spectacular with 60 intercepts over 5 g/t Au, including 27
intercepts over 10 g/t Au within 77 drill holes. High-grade gold mineralization has now been expanded
by more than 350 m below current resources along Trend #1.
Our team is now focused on incorporating the drill program and historical results into our geological model.
We expect Trend #1 and Trend #2 expansion drilling to contribute significantly to the resource estimate
update targeted for completion in the first half of 2023.” Commented Denis Lachance, Interim President
and Chief Executive Officer.
Figure 1. O’Brien gold project, longitudinal section looking North – High-grade gold intercepts
within and outside the 2019 resource estimate outline
Figure 2. Current resources area – longitudinal section looking North – Selected high-grade gold
intercepts from current release
Figure 3. Summary of results published to date
Summary of results published to date
Sector / Trend
Published
results
(m)
# holes published Number of published intercepts grading,
# holes
published
# holes
with
VG
% holes
with VG
>3 g/t
Au
>5 g/t
Au
>10 g/t
Au
>15 g/t
Au
>20
g/t Au
>25 g/t
Au
O'Brien West 5,700 11 1 9% 5 3 1 1 1 1
Trend #0 18,200 37 21 57% 27 17 8 4 4 4
Trend #1 42,200 77 41 53% 74 60 27 15 8 7
Trend #2 33,200 51 25 49% 51 40 15 9 5 4
Trend #3 16,200 40 18 45% 30 20 11 6 3 1
Trend #4 8,500 19 10 53% 11 8 2 1 1 1
Kewagama East & Other 3,600 11 1 9% 4 4 2 1 1 1
Total 127,600 246 117 48% 202 152 66 37 23 19
Drill results summary table
Hole Zone From (m) To (m)
Core Length
(m)
Au (g/t) -
Uncut
OB-21-248 Trend #1
414.30 416.30 2.00 5.20
OB-21-257 Trend #1
185.00 187.00 2.00 4.18
AND 283.00 285.30 2.30 3.84
AND 338.40 343.70 5.30 3.48
Including 341.10 342.20 1.10 5.00
OB-21-262 Trend #1
15.00 17.00 2.00 16.45
Including 15.00 16.00 1.00 26.90
OB-21-263 Trend #1
11.50 13.50 2.00 4.80
Including 11.50 12.50 1.00 9.56
OB-21-265 Trend #1
206.00 208.20 2.20 18.45
Including 206.70 207.60 0.90 43.00
AND 277.00 279.00 2.00 11.58
Including 278.00 279.00 1.00 21.40
OB-21-269 Trend #1
627.70 631.10 3.40 3.98
Including 629.45 631.10 1.65 5.36
AND 633.00 636.00 3.00 3.50
Including 635.10 636.00 0.90 5.89
AND 639.40 642.50 3.10 18.76
Including 641.60 642.50 0.90 52.50
OB-21-280 Trend #1
618.00 620.00 2.00 10.82
Including 618.00 619.00 1.00 21.60
OB-21-303W1 Trend #1
989.60 991.50 1.90 5.42
Including 990.40 991.50 1.10 8.30
OB-21-303W2 Trend #1
975.00 977.60 2.60 3.54
OB-21-303W3 Trend #1
659.00 661.00 2.00 12.04
Including 660.00 661.00 1.00 23.40
AND 990.00 992.00 2.00 5.20
Including 991.00 992.00 1.00 8.15
OB-21-307 Trend #1
553.50 555.50 2.00 15.31
Including 554.50 555.50 1.00 26.30
OB-21-310 Trend #1
262.50 265.00 2.50 5.43
Including 262.50 264.00 1.50 9.03
OB-22-268 Trend #1
539.00 541.00 2.00 3.89
Including 539.00 540.00 1.00 6.62
OB-22-304W1 Trend #0
1,025.00 1,027.00 2.00 3.52
Including 1,025.00 1,025.85 0.85 8.25
OB-22-304W2 Trend #1
1,042.30 1,046.30 4.00 4.91
Including 1,045.30 1,046.30 1.00 13.60
1. True widths estimated at 70% to 80% of core length.
2. For a full listing of drill results from current drilling program click here.
Breakdown of drilling completed and pending results
Sector / Trend Planned
drilling (m)
Drilled - Results published Drilled - Results pending
metres # holes # holes
(with VG) metres # holes # holes
(with VG)
O'Brien West 5,700 5,700 11 1 0 0 0
Trend #0 18,200 18,200 37 21 0 0 0
Trend #1 42,200 42,200 77 41 0 0 0
Trend #2 33,200 28,200 51 25 5,000 10 4
Trend #3 16,200 16,200 40 18 0 0 0
Trend #4 8,500 8,500 19 10 0 0 0
Kewagama East / Other 3,600 3,600 11 1 0 0 0
Total 127,600 122,600 246 117 5,000 10 4
127,600 m of drilling completed to date with assays pending for approx. 5,000 m
This release represents approximately 12,862 m of drilling in 27 drill holes. Released results to date
represent approximately 94% of the 127,600 m drilled during the campaign. As of October 15, the company
remains well funded with approximately $2.5 m in cash
Figure 4. O'Brien Gold Project: Trend #1 cross section
Figure 5. Visible Gold in holes OB-21-310, OB-21-303W1, OB-21-303W2
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 Au were analyzed a second
time by fire assay with gravimetric finish at the same laboratory. Mineralized zones
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
Vivien Janvier, P.Geo., Ph.D., Director, Geology for Radisson mining resources Inc. is the
qualified person pursuant to the requirements of NI 43- 101. Vivien Janvier has 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’Brien
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 Au for 587,121 ounces of gold from 1926
to 1957; Kenneth Williamson 3DGeo- Solution, J uly 2019). For more information on
Radisson, visit our website at www.radissonmining.com or contact:
For more information on Radisson, visit our website at www.radissonmining.com or
contact:
Denis V. Lachance
Chairman, Interim President and CEO
819-806-3340
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, estimates and
projections as of the time of this press release. Forward -looking statements are
necessarily based upon a number of estimates and assumptions that, while considered
reasonable by the Corporation as of the time of such statements, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect. Many of these uncertainties and
contingencies can directly or indirectly affect, and could cause, actual res ults to differ
materially from those expressed or implied in any forward -looking statements and future
events, could differ materially from those anticipated in such statements. A description of
assumptions used to develop such forward -looking information and a description of risk
factors that may cause actual results to differ materially from forward looking information
can be found in Radisson’s disclosure documents on the SEDAR website at
www.sedar.com.
By their very nature, forward-looking statements involve inherent risks and uncertainties,
both general and specific, and risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions do not reflect future
experience. Forward- looking statements are provided for the purpose of providing
information about management’s endeavours to develop the O’Brien project and, more