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Radisson expands ongoing O’Brien drill program to 60,000 m
ROUYN-NORANDA, Quebec, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company") is pleased to an
About this update from Radisson Mining Resources Inc.
[{"type":"text","content":" ROUYN-NORANDA, Quebec, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company\") is pleased to announce the significant expansion of the ongoing drill program at its flagship O’Brien project, from 20,000 m to 60,000 m. The O’Brien gold project is located along the Larder-Lake-Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. (See figure 1 and 2). The ongoing 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. Highlights: The ongoing drill program which commenced in August 2019, has been expanded to 60,000 m (from 20,000 m) ° Since August 2019, approximately 20,000 m of drilling have been completed, with results released for 13,780 m.° An additional 40,000 m of drilling has started in the last week of February.° Drilling will continue with at least two surface drill rigs operating 24x7. The expanded drill program will focus on: 1. Resource expansion and conversion within and outside the July 2019 resource boundary.2. High-priority exploration targets established down-plunge of high-grade enrichment vectors. Radisson is fully funded to complete the 60,000 m drill program ° Current cash balance of $7.8 M1° All-in drill costs at O’Brien are averaging $110 - $120/m, well below the industry average.1 As at February 25, 2020. See: ° O'Brien current resources longitudinal section° Lower 36E longitudinal section “Since the commencement of the program in 2019, drilling at O’Brien has continued to deliver excellent results demonstrating the continuity of high-grade mineralization within and below the current resource area. We believe this is a testament to our robust litho-structural model that has proven to be quite accurate in targeting high-grade mineralization both in the Upper and Lower zones. The model comprises 63 mineralized zones, that in places show sub-vertical enrichment trends very similar to structures mined previously at the old O’Brien mine where 90% of the historic production came from only three ve...