ROUYN-NORANDA, Quebec, March 06, 2018 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V:RDS) (OTC:RMRDF) (FRANKFURT:2RX) (“Radisson” or the “Company") is pleased to announce the first set of results from the 6,000 m ongoing drilling program on the Vintage Zone of the O’Brien gold project. The project is located along the Cadillac Break, 8km west of Agnico-Eagle’s Lapa mine, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. The Vintage zone is parallel to, and to the north of the bulk of current resources at the O’Brien project. The zone is located only 85 meters north of the Cadillac Break in a context that is similar to historical mines in the Cadillac mining camp.
Mario Bouchard, President and CEO commented: “The significant results obtained within the 825 m strike of the Vintage Zone are encouraging and continue to highlight the exploration potential of the sector. We await results from five drill holes that aimed the eastern extension of Vintage. The intercept of 6.9 g/t Au over 4 meters obtained in a different geological setting at depth is of particular interest. This setting remains open in all direction and will require deeper drill holes in order to be tested. To this extent, the imminent completion of the resource estimate update and 3D geological model of the O’Brien project will allow the company to define additional drill targets below the 600 m level, both on the Vintage Zone and current resource area a few meters south. I must underline that current resource area also remains open at depth where one drill hole completed in 2004 returned 17.5 g/t Au over 1 m at 1,228 meters depth.”
Press release highlights:
- Significant intersections reported are:
- With the presence of multiple Visible Gold intercepts, the wedge holes (W1, W2, W3) completed from hole OB-17-49 are indicating:
- The vertical continuity and favourable geometry of the gold system on the Vintage Zone, with presence of quartz veins, arsenopyrite and multiple Visible Gold intercepts.
- The deepest drill hole completed on the Vintage Zone (OB-17-49) intersected a sulphides rich Banded Iron Formation (10% pyrite and 10% pyrrhotite as opposed to arsenopyrite) which returned 6.9 g/t Au over 4 m. As expected, the wedge holes completed on this section have intersected the Banded Iron Formation, but without the presence of pyrite, pyrrhotite and significant gold values. Up to date, this system remains open laterally and at depth.
- The vertical continuity and favourable geometry of the gold system on the Vintage Zone, with presence of quartz veins, arsenopyrite and multiple Visible Gold intercepts.
- Assays are pending from 5 drill holes for approximately of 2,200 meters.
- The next two drill holes will be completed on the Western actual boundary of the Vintage Zone where hole OB-17-56 returned 27.5 g/t Au over 1.4 meters near surface.
Table 1 Drilling results summary on the Vintage Zone
| Drill hole | From | To | Length | Grade (g/t) | Interpreted zone |
| (m) | (m) | (m) | Au | ||
| OB-17-49W1 | - | - | - | - | NSV |
| OB-17-49W2 | 319.5 | 320.6 | 1.1 | 5.7 | Cadillac wacke |
| And | 340.1 | 341.0 | 0.9 | 6.4 | Cadillac wacke |
| And | 354.5 | 356.0 | 1.5 | 4.4 | VG* Cadillac wacke |
| OB-17-49W3 | 336.2 | 337.0 | 0.9 | 11.6 | VG* Cadillac wacke |
| And | 396.3 | 396.9 | 0.6 | 4.4 | Cadillac wacke |
| And | 436.0 | 437.0 | 1.0 | 30.6 | VG* Cadillac Conglomerate |
| OB-17-63 | - | - | - | - | NSV |
| OB-17-64 | 158.1 | 158.6 | 0.5 | 5.2 | VG* Cadillac Conglomerate |
| OB-17-67 | 211.5 | 212.4 | 0.9 | 17.0 | VG* Cadillac Conglomerate |
| OB-17-68 | 202.3 | 204.3 | 2.0 | 1.8 | Cadillac Break |
*VG; Denotes presence of visible gold
Note; Results are presented as down hole width; true width are estimated between 55 to 70% of down-hole thickness.
Drill holes OB-17-65 and OB-17-66 aimed geophysical anomalies defined in 2016 in the Pontiac sediments south of the O’Brien deposit. These drill holes did not intersect any significant gold value. Since focus of the actual drill program is on the Vintage Zone, north of the O’Brien deposit DDH OB-17-65 and OB-17-66 where not included in the above table.
Vintage zone exploration program
The Vintage zone is a parallel zone of the O’Brien project located approximately 85 meters north of the Cadillac Break in the Cadillac Group of meta-sediments comprising sequence of polymictic conglomerate, banded iron formation (BIF) and grauwacke. In comparison, current resources of 36E and Kewagama zones are located in the Piche Group, south of the Cadillac Break. Due to their proximity, all zones could eventually be accessed via same mining infrastructures.
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at Swastika Laboratories Ltd, in Swastika, Ontario. Samples yielding a grade higher than 5 g/t were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
Qualified Person
Tony Brisson, P. Geo, independent consultant, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.
About Radisson Mining Resources Inc.
Radisson is a Quebec-based mineral exploration company. The O’Brien project, cut by the regional Cadillac Break, is Radisson’s flagship asset. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015).
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Hubert Parent-Bouchard
Corporate Development
819-763-9969
hpbouchard@radissonmining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.