Business
Radisson Mining Resources commences a Field program in the Pontiac Group south of the Larder-Lake-Cadillac Break at the O’Brien gold project
ROUYN-NORANDA, Quebec, June 14, 2022 (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, June 14, 2022 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company\") is pleased to announce that it has commenced a field program focused on the 54 km2 area comprising claims located to the south of the prolific Larder-Lake Cadillac Break. The program was designed following a compilation and interpretation of available historical data, with the objective of evaluating opportunities demonstrating strong discovery potential in the southern sector of the O'Brien Gold Project. “Since acquiring and integrating the New Alger property with the O’Brien project in 2020, our team has been focused on the execution of the 130,000 m drill program at the O’Brien gold project. The primary objective of the drill program was to expand current resources and to test new targets in well understood sectors in the vicinity of the old O’Brien mine. While impressive results received thus far suggest a very successful drill program, it is worth noting that the program was focused on an area covering less than 10% of our extensive 5,800 ha land package. The significant land package to the south of the Cadillac Break was a key driver of our interest in the New Alger property, and a review of available data confirmed our view that the area holds tremendous potential for transformational discoveries. Despite its proximity with the Larder-Lake-Cadillac Break, limited work was performed in southern sector of the O’Brien project. Following a compilation of historical data, our team was able to establish the presence of geological elements demonstrating strong discovery potential. While we await results from approximately 25,000 m of drilling, our team is excited to commence an important field program that could unlock the underlying potential in the southern portion of the O’Brien gold project.” Commented Rahul Paul, President and Chief Executive Officer. Summary The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the last 100 years. In August 2020, the Company acquired the New Alger property to integrate two properties comprising more than 5.2 km of prospective land along the Larder-Lake-Cadillac Break (“CLLFZ”). The project hosts three historic mines including the former O’Brien Mine, considered to have been Quebec’s highest-grade gold producer during ...