Business
Drill Now Turning at Radisson's High-Grade O'Brien Gold Project in Quebec's Abitibi for 10,000 Metre Phase I Program
ROUYN-NORANDA, Quebec, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Corporation”) is pleased
About this update from Radisson Mining Resources Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Corporation”) is pleased to announce that it has mobilized a first drill rig and commenced a Phase I, 10,000 metre (“m”) drill program at its O’Brien Gold Project (“O’Brien”) or (“the Project”) located in Rouyn-Noranda, Quebec (Figure 1). The main objective of the program is to continue to expand upon the current mineral resource estimate published in March 2023 (see Radisson doubles resource estimate at O’Brien). Key Program Highlights A Phase I drill program is now underway at Radisson’s high-grade O’Brien Gold Project, located in Quebec’s renowned Abitibi region (Figure 1). The 10,000 m program will focus on expanding the current mineral resource estimate Drilling will focus on twenty (20) high priority targets between surface and 500 m vertical depth “We are very excited to have begun this fully financed Phase I drill program at O’Brien as we look to continue to grow our resources and demonstrate the Project’s potential. Our geological team has an excellent understanding of the deposit and has employed a sophisticated targeting method that we expect will allow us to maintain and even improve our success rate in adding ounces as we demonstrated during the drilling program completed in 2022,” commented Denis V. Lachance, President and Interim CEO. “Globally, there are very few gold projects located in a world-class jurisdiction like Quebec’s Abitibi, that have the scale, untapped potential, and high-grade profile of O'Brien. With our solid geological model and our largely underexplored 5.2-kilometre (“km”) land-package on the Larder-Lake-Cadillac Fault, we strongly believe that the true potential of the Project is yet to be unlocked. Figure 1. O’Brien gold project location, Quebec, Canada Figure 2. O’Brien 2023, Phase I Drill Program Plan Map Exploration Potential – O’Brien Project O’Brien East – Area hosting majority of current resources The Phase I drill program will focus on 20 of the highest priority targets out of more than 118 targets established near the current resources at O’Brien East, primarily within vertical depths between surface and 500 m within less explored areas, such as high-grade trends (“trends”) #3 and #4. Under-explored sectors so far such as the sector between high-gra...