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Radisson Mining Resources Inc.
Summary
| Project: | OBrien | |
|---|---|---|
| Deposit: | OBrien | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2017: Radisson Mining Resources Inc. announces an Exploration/Drilling Update report for its OBrien deposit at the OBrien project. Drilling results incl. 19.6m @ 4.5g/t Au from 354.5m. Rouyn-Noranda, Quebec, June 20, 2017: Radisson Mining Resources I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tony Brisson (Independent) | |
| ABSTRACT: | Rouyn-Noranda, Quebec, June 20, 2017: Radisson Mining Resources Inc. (TSXV: RDS) (“Radisson” or the “Company") is pleased to announce additional results from the ongoing 20,000 m drill program at the Company’s O’Brien gold project located along the Larder-LakeCadillac fault halfway between Rouyn-Noranda and Val-d’Or, Quebec. Drilling results continue to demonstrate lateral and vertical continuity of current mineral resources of the O’Brien deposit. Moreover, Radisson continues to confirm the presence high-grade gold intercepts within wider low grade mineralized envelopes, as first highlighted in May 9th, 2017 Press Release (OB 17-25 returned 1.0 g/t Au over 93 metres). Since the last update, results have been received for five drill holes (OB-17-26 to OB-17-30). With two drill-rigs active onsite, the company is currently drilling hole OB-17-45. Assays are currently pending for 14 holes for a total of 7,425 m. Up to date, 8 exploration drill holes for a total of 3,867 metres were completed on high-priority exploration targets. Four of these drill holes were completed in the Cadillac sediments, north of the Larder-Lake-Cadillac fault, whereas four drill holes were completed south of the O’Brien deposit within the Pontiac sediments. Results are currently pending. In light of the wide zone of low grade gold mineralization recently intersected in drill hole OB 17- 25, OB-17-26, OB-17-29 and OB-17-30, the company intends to review, re-log and assay, if warranted, the near-surface sections of historical drill core from the 36E area. Prior to 2016, most of these holes have incomplete assay sequence inside the Piche group. Only highly mineralized zones were assayed without paying attention to a possible wider low-grade envelope model. Mario Bouchard, President and CEO commented: “We are very excited by today’s results as we continue to encounter high-grade gold mineralization in extension of current resources of the 36E area. We are also excited to pursue the exploration-drilling program with a second drill-rig. The Cadillac group sediments, where historical drilling have returned gold values is of particular interest for Radisson, we are excited to drill this area of the property which could lead to significant discovery outside current resources”. | |
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