Business
Radisson continues to intersect high-grade gold at depth and within the current resource area at O’Brien
Deep Drilling intersects 16.76 g/t over 4.00 m and 8.49 g/t Au over 2.00 m at the Lower 36E zone Infill Drilling intersects 11.13 g/t over 3.30 m at the Upper 3
About this update from Radisson Mining Resources Inc.
[{"type":"text","content":" Deep Drilling intersects 16.76 g/t over 4.00 m and 8.49 g/t Au over 2.00 m at the Lower 36E zone Infill Drilling intersects 11.13 g/t over 3.30 m at the Upper 36E Zone Drill results continue to validate the 2019 litho-structural model for O’Brien ROUYN-NORANDA, Québec, Jan. 17, 2020 (GLOBE NEWSWIRE) -- 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 Val-d’Or in Quebec, Canada. (See figure 1). 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. “We are encouraged by results received so far. While still in the early stages of our exploration campaign at O’Brien, drilling to date has exceeded our expectations. All drill holes completed on 36E demonstrate strong vertical continuity of mineralization and highlight the potential for meaningful resource expansion/conversion. Most notable are the drill intercepts at the Lower 36E Zone including 16.76 g/t over 4.00 m, in hole OB-19-101, and the previously released 66.71 g/t over 4.70 m, in hole OB-19-92W2b, which strongly suggest a high-grade enrichment vector from 550 m to 850 m, similar to the structures previously mined at the O’Brien mine. In addition, hole OB-19-98 intersected 8.49 g/t over 2.00 m, 955 m below surface and 92 m west of hole OB-19-92W2b, highlighting the potential for mineralization to extend laterally and even deeper. Most importantly, results continue to validate our new geological interpretation and have increased our confidence in multiple high potential targets, which we expect to drill-test over the coming months. Our current cash position of approximately $8.5M puts us in a strong position to significantly expand the ongoing 20,000 m program, more details will be provided in coming weeks. Results to date have reaffirmed our confidence in the new geological model and resource growth potential at O’Brien. Over t...