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Radisson Mining Resources Inc.
Summary
| Project: | OBrien | |
|---|---|---|
| Deposit: | OBrien | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-7-2019: Radisson Mining Resources Inc. announces a Resource Estimation report for its OBrien deposit at the OBrien project. Updated mineral resource estimate. ROUYN-NORANDA, Quebec, July 15, 2019 -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRD | |
| Resources: | (Resource): 0.9497Mt @ 9.48g/t Au (Ind.) and 0.6174Mt @ 7.31g/t Au (Inf.) | |
| CP/QP: | [Resources]: Kenneth Williamson (3DGeo-Solution) | |
| ABSTRACT: | ROUYN-NORANDA, Quebec, July 15, 2019 -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson” or the “Company") is pleased to announce the release of the New Resource Estimate for its 100% owned O’Brien gold project (“O’Brien”) located along the Larder-Lake-Cadillac Break (“L-L-C”), halfway between Rouyn-Noranda and Val-d’Or, in Quebec, Canada (See figure 1 and figure 2). The Mineral Resource Estimate was prepared in accordance with National Instrument 43- 101 (“NI 43-101”) by independent consultant 3DGeo-Solution and is dated July 15, 2019. The F Zone, 36E and Kewagama zones of the O’Brien project are located within a 1.5 km corridor directly south of the L-L-C. The Vintage zone is parallel to and between 30 to 85 meters (“m”) north of the L-L-C. Kenneth Williamson 3DGeo-Solution considers the 2019 MRE to be reliable and based on quality data, reasonable hypotheses and parameters that follow CIM Definition Standards and that the results, presented undiluted, are considered to have reasonable prospects for eventual economic extraction. “We are very pleased with this substantial increase in grades across all resource categories at the O’Brien gold project. At a 5 g/t Au cut-off, the Indicated resource has increased by 74% to 289,400 oz at 9.48 g/t Au. The New litho-structural model not only defines a very robust resource, it opens up the project as a whole for its resource expansion and exploration potential at depth and along strike. These results come from the combined work of a high-calibre geological team and consultants.” commented Mario Bouchard, President and CEO. “O’Brien is now positioned as one of the few undeveloped high-grade gold projects in Canada. The company remains focused on delivering growth to its shareholders by expanding the deposit and unlocking the exploration potential at O’Brien in a sustainable manner with respect to all stakeholders”. | |
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