Step-out drilling at O’Brien intersects 92.89 g/t Au over 2.60 m,
www.radissonmining.com
For immediate release TSX-V: RDS, OTC: RMRDF, FRANKFURT: 2RX
Rouyn-Noranda, Qc
October 7, 2020
Step-out drilling at O’Brien intersects 92.89 g/t Au over 2.60 m,
47.10 g/t Au over 2.50 m and 45.33 g/t Au over 2.20 m
highlighting lateral expansion of the first mineralized trend
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 60,000 m exploration drill program at its O’Brien gold project located along the
Larder-Lake-Cadillac Break, halfway between Rouyn -Noranda and Val -d’Or in Quebec,
Canada.
Highlights
Shallow high-grade intercepts suggest an opportunity to expand resources in the
gap between the old O’Brien mine and the upper part of the first high-grade trend
• Hole OB -20-153 intersected multiple mineralized intercepts outside defined
resources approximately halfway between the first mineralized trend and the old
O’Brien Mine, including;
o 92.89 g/t Au over 2.60 m (vertical depth of 230 m);
o 47.10 g/t over 2.50 m (vertical depth of 150 m),
o Both intercepts were obtained outside current resources west of the first
mineralized trend along with visible gold showings
• These intercepts were obtained above and to the east/west of historical high-grade
intercepts of 43.37 g/t Au over 1.31 m and 124.57 g/t over 0.82 m, all of which are
currently excluded from the 2019 resource estimate
• Assays are pending for hole OB-20-168 which intersected visible gold in two
sections, 295 m and 330 m respectively below hole OB-20-153 and west of
current resources (See Visible Gold in hole OB-20-168 and OB-20-153)
• OB-20-153 along with previously released and historical high-grade intercepts
highlights an opportunity for significant resource growth in gap between the old
O’Brien mine and currently defined resources in the first mineralized trend.
Figure 1. Visible gold in hole OB-20-168 and OB-20-153
Deeper drilling highlights potential for resource growth in the first mineralized trend
both to the east and west, below the boundary of currently defined resources
• Hole OB-20-148W1 returned 45.33 g/t Au over 2.20 m core length (vertical
depth of 700 m) immediately below and at western boundary of current resources
within the first mineralized trend.
o The intercept was obtained more than 125 m west of other high-grade
intercepts including 16.76 g/t over 4.00 m, 37.76 g/t over 2.00 m and
66.71 g/t over 4.70 m.
o In addition, OB-20-148 intersected 5.47 g/t over 2.00 m, approximately
150 m below OB-20-148W1.
o Results highlight the potential to expand mineralization to the west
towards the old O’Brien Mine
• Assays are also pending for OB-20-164, OB-20-167 and OB-20-170, all of which
intersected visible gold in mineralized structures, close to historical intercepts of
1920.00 g/t Au over 0.21 m and 101.31 g/t over 0.61 m outside current
resources on the eastern portion of the first mineralized trend.
• Current resources in the area are limited to a vertical depth of 600 m and drilling
to date has demonstrated continuity down a depth of approximately 950 m
o Within an area extending approximately 300 m laterally and 350 m
vertically below the resource boundary.
o Mineralization is open for expansion laterally and at depth below 950 m.
Figure 2. Visible gold showings in hole OB-20-164
Figure 3. Visible gold in hole OB-20-170 and OB-20-168
Drilling at O’Brien continues to validate 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)
• Latest results demonstrate lateral expansion of first mineralized trend to the east
and west. Results so far have traced mineralization in the first high -grade trend
down to 950 m (approximately 350 m below the resource boundary). Mineralization
remains open for expansion at depth as well as laterally to the east and west.
• 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 km of prospective strike that Radisson controls
along the Cadillac Break.
52,500 m of drilling completed to date with assays pending for approx. 16,500 m
• This release represents approximately 2,729 m of drilling.
• Released results to date (since the commencement of drilling in August 2019)
represent only 60% of the total planned 60,000 m program.
• The company is funded to expand the program to over 75,000 m.
“We are very pleased with results from our ongoing drill program that continue to validate
our litho-structural model and highlight the significant resource upside at O’Brien. The
team has continued to do a commendable job with targeting efforts. With results released
so far representing only 60% of our allocated program we look forward to regular
exploration updates over the balance of 2020 and into 2021. ” commented Mario
Bouchard, Chief Executive Officer
Figure 4. O’Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North
Figure 5. Longitudinal and cross section first trend and gap area at the O’Brien project
Notable drill results
Hole Zone
From
(m)
To
(m)
Core
Length
(m)
Au
(g/t) -
Uncut Comments
OB-20-148 Lower 36E
866.00 868.00 2.00 5.47
OB-20-148W1 Lower 36E
719.40 721.60 2.20 45.33
Including 720.40 721.60 1.20 83.10
OB-20-153 Gap area
180.80 183.30 2.50 47.10
Including 180.80 181.60 0.80 143.00
212.40 214.40 2.00 4.39
Including 213.40 214.40 1.00 7.65
285.00 287.60 2.60 92.89
Including 286.15 286.70 0.55 438.00
1. VG denotes the presence of visible gold
2. Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. To the
extent possible, primary intercepts reflect minimum mining width (1.5 m true width) consistent with
assumptions used in the 2019 resource estimate.
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.
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 laborat ory. 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.
Qualified Person
Richard Nieminen, P. Geo, Exploration manager, acts as a Qualified Person as defined in
National Instrument 43-101 and has reviewed and approved the technical information in
this press release.
Radisson mining resources Inc.
Radisson is a gold exploration compan y 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 10 0 years. The project hosts the former O’Brien
Mine, considered to have been the Abitibi Greenstone Belt’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
Mario Bouchard
CEO and Director
For more information on Radisson, visit our website at www.radissonmining.com or
contact:
Hubert Parent-Bouchard
Director, Corporate development
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
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 fut ure
experience. Forward -looking statements are provided for the purpose of providing
information about management’s endeavours to develop the O’Brien project and, more
generally, its expectations and plans relating to the future. Readers are cautioned not to
place undue reliance on these forward-looking statements as a number of important risk
factors and future events could cause the actual outcomes to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates, assumption s and
intentions expressed in such forward -looking statements. All of the forward -looking
statements made in this press release are qualified by these cautionary statements and
those made in our other filings with the securities regulators of Canada. The C orporation