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Radisson Mining Resources Inc.
Summary
| Project: | OBrien | |
|---|---|---|
| Deposit: | OBrien | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2020: Radisson Mining Resources Inc. announces an Exploration/Drilling Update report for its OBrien deposit at the OBrien project. Drilling results incl. 9.00m @ 8.29g/t Au from 709.00m. ROUYN-NORANDA, Quebec, Feb. 06, 2020 -- Radisson Mining Resource | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Richard Nieminen (Internal) | |
| ABSTRACT: | ROUYN-NORANDA, Quebec, Feb. 06, 2020 -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company") today announced significant high-grade Gold intercepts from the 20,000 m exploration drill program underway at its O’Brien gold project located along the Larder-Lake-Cadillac Break halfway between Rouyn-Noranda and Vald’Or in Quebec, Canada. (See figure 1 and 2). The ongoing 20,000 m drill program, announced in August 2019, represents the company’s first exploration program to test targets defined by the new litho-structural model (released February 2019). A key objective of the first round of drilling was to further validate the model and better define high potential targets for resource expansion and conversion. See O’Brien Longitudinal Section and Lower 36E longitudinal section “Drilling at O’Brien continues to deliver excellent results that continue to demonstrate the continuity of high-grade mineralization within and outside the current resource area. Our primary focus so far has been the 36E Zone, where we are pleased to report an over 90% success rate with most holes returning multiple high-grade intercepts over economic widths. We believe this is a testament to our robust litho-structural model that has proven to be quite accurate in predicting highgrade mineralization. “We continue to be very encouraged by results from the Lower 36E Zone following up on high-grade intercepts released on October 29, 2019 and January 17, 2020. Results from newly released holes OB-19-107 (23.57 g/t Au over 2.60 m) and OB-19- 106 (14.30 g/t over 2.00 m and 22.17 g/t Au over 1.80 m) demonstrate strong continuity below the current resource and within what appears to be a high grade enrichment vector from 550 m to 850 m. “Results to date have reaffirmed our confidence in the geologic model and the resource growth opportunity at O’Brien. Approximately 17,780 m of drilling has been completed so far (assays pending for 4,000 m. approx.). While results so far have exceeded our expectations, we look forward to increasing the pace of drilling in the coming months to complete up to 60,000 m by the end of 2020. In the coming months, we look forward to regular exploration updates that we believe will serve as additional catalysts to confirm the significant resource potential at the O’Brien project.” commented Mario Bouchard, President and CEO. | |
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