Radisson Mining Resources Inc. V.RDS

Hidden Gem. Should move higher anytime soon

[Stock20]

Radisson releases new 3D structural interpretation highlighting strong analogies between 36E area and the Old O’Brien mine

ROUYN-NORANDA, Quebec, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (“Radisson” or the “Company") announces that following the completion of the 2018 drilling program, of which assays are pending for 3,850 metres (“m”), the company completed a litho-structural modeling and reviewed the current geological model for the O’Brien property. The O’Brien gold project is composed of two contiguous properties representing 4.5 km of strike in the Bousquet-Cadillac mining camp along the Larder-Lake-Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. (See figure 1 and figure 2)

Using a 3.5-grams/tonne gold (“g/t Au”) cut-off grade, the O’Brien deposit currently contains 233,491 ounces (“oz”) at grade of 6.45 g/t Au in the Indicated category and 194,084 oz at a grade of 5.22 g/t Au in the Inferred category (InnovExplo, 2018). 13,226 metres of drilling were completed since closing of the database for resource current resources.

Current resources area begins 600 metres east and along strike of shaft No. 2 of the Old O’Brien mine having produced 587 121 oz at a head grade of 15.25 g/t Au between 1926 and 1957 (InnovExplo, 2018).

Litho-structural Modeling presentation
A summary of Ore zones network interpretation and the revised litho-structural model will be made available on the company’s website in the coming weeks.

See Ore Shoots 3D Longitudinal view

See Plan view of the O’Brien gold project (Level 500)

Press release highlights:

• The new structural interpretation is based on current and historic drill holes and highlights a strong compatibility with the historic data and geometry of the Old O’Brien mine, where 90% of gold production came from the crossing of a conjugated veins system (Sauv et Trudel, 1990). 

• Three preferential mineralized orientations are observed; EAST-NORTH-EAST (“ENE”), EAST-SOUTH-EAST (“ESE”) and EAST-WEST (“EW”). 

• ENE mineralized corridors appear to be spatially associated with the interpreted ENE faults

• Steep eastward plunging gold enrichment vectors (“ore shoots”) are identified on F, 36E and Vintage zones. These vectors occur at the intersection of the conjugated ENE and ESE quartz veins and locally, along the axes of asymmetrically folded quartz veins.
   
• The structural interpretation significantly increases our comprehension of the O’Brien gold project. This will allow Radisson to generate high potential drill targets. 
   
• In current resources area, the vertical extension of the known ore shoots was defined by drilling to a depth of 550 metres. In comparison, the Old O’Brien mine production reached a depth of 1,100 metresand remains untested below. 

“Revision of the geological and litho-structural model allows to highlight the strong analogy between 36E zone and the Old O’Brien mine where historic production returned a phenomenal head grade. Not only it increases our confidence level in the extension of known ore shoots defined in the deposit, it also unlocks the potential for the discovery of other ones on the O’Brien project as a whole”, commented Mario Bouchard, President and CEO
Radisson announces 5.42 g/t Gold over 15.30 m and 22.96 g/t Gold over 2.40 m, 40 metres west of High-Grade Intercepts recently published in 36E zone; O’Brien project, Cadillac Break

ROUYN-NORANDA, Quebec, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (“Radisson” or the “Company") today announced significant high-grade Gold intercepts in 36E zone of the O’Brien gold project, located along the Larder-Lake-Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. (See figure 1)

Press release highlights:

• Drill hole OB-18-85 intersected 5.42 g/t gold over 15.30 metres (“m”) and 22.96 g/t gold over 2.40 m, at similar depth and 40 m west of high-grade intercepts published in November 2018 (See 37.52 g/t Gold over 12.80 m and 8.74 g/t Gold over 12.20 m)

• The newly reported intercepts occurred in the 36E zone:

• 180 metres below and in trend with the projected bulk sample area
• Where several high-grade gold intercepts were previously obtained
• (See results from OB-18-84, OB-17-25, OB-17-25w1, OB-17-26 and OB-17-29)
• (See figure 2, 3 and 4)

• Assays are currently pending from approximately 3,850 m of drilling

• 8 drill holes in the F Zone, located west of current resources

• With the second portion of the 2018 drilling campaign now completed, a complete review of litho-structural model is underway for the O’Brien project.

“We’re excited by these high-grade gold intercepts, which occurred 180 metres below the projected bulk sample area. These results demonstrate the strong continuity of gold mineralization in the enrichment vector defined in the heart of the O’Brien deposit. In light of recent drill results, a structural reinterpretation is underway for the project as a whole. According to the geological team, structurally controlled faults, possibly conjugated, could control high-grade gold mineralization. Over the next weeks, we will obtain the results from this proposed model”, commented Mario Bouchard, President and CEO.

November 11, 2018:
Radisson announces High-Grade intercepts; 37.52 g/t Gold over 12.80 m and 8.74 g/t Gold over 12.20 m on 36E area, O’Brien project, Cadillac Break