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Radisson Mining Resources Inc.
Summary
| Project: | OBrien | |
|---|---|---|
| Deposit: | OBrien | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2018: Radisson Mining Resources Inc. announces a Resource Estimation report for its OBrien deposit at the OBrien project. O'Brien mineral resource update includes 95% increase in Indicated category. ROUYN-NORANDA, Quebec, March 20, 2018 -- Radisson M | |
| Resources: | (Resource): 1.125Mt @ 6.45g/t AU (Ind.) and 1.157Mt @ 5.22g/t AU (Inf.) at project | |
| CP/QP: | [Resources]: Christine Beausoleil (InnovExplo Inc.) | |
| ABSTRACT: | ROUYN-NORANDA, Quebec, March 20, 2018 -- Radisson Mining Resources Inc. (TSX-V:RDS) (OTC:RMRDF) (FRANKFURT:2RX) (“Radisson” or the “Company") is pleased to announce the release of an updated resource estimate for its 100% owned O’Brien gold project (“O’Brien”) located along the Larder-Lake-Cadillac Break (“L-L-C”), halfway between RouynNoranda and Val-d’Or, two mining towns in the Province of Quebec, Canada (See figure 1 and 2). The resource estimate was prepared in accordance with National Instrument 43-101 (“NI 43-101”) by independent firm InnovExplo and is dated March 20, 2018. The 36E and Kewagama zones of O’Brien 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 and has now been identified over a strike length of 825 m. Due to their close proximity all zones of the O’Brien gold project could eventually be accessed via same mining infrastructures. “We are extremely pleased with this substantial increase in resources at the O’Brien gold project. These results come from the work of a high-calibre team supported by a visionary group of shareholders. 94% of the increase coming from the Indicated category supports both the confidence level we have in the geological model of the deposit and the exploration potential that remains to be unlocked at O’Brien,” commented Mario Bouchard, President and CEO. “The O’Brien project is one of the few low capex, high-grade gold assets left within a stable jurisdiction like Quebec and a historical mining camp like the one of Bousquet-Cadillac. With a limited exploration budget, Radisson’s growing team has done an incredible job advancing O’Brien to this point. The team remains focused on delivering growth to its shareholders by expanding the deposit and unlocking the exploration potential left at O’Brien in a sustainable manner with respect to all stakeholders.” | |
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