Drilling has continued to validate the 2019 litho-structural model (announced in
Key highlights
Resource expansion potential to the west of the first mineralized trend,
OB-20-168: 14.90 g/t over 8.00 m (incl. 22.24 g/t over 2.30 m and 33.94 g/t over 2.00 m) approximately 60 m west of the current resource boundary.
Resource expansion potential to the east of the first mineralized trend (multiple intercepts approximately 40 m east of the current resource boundary)
OB-20-164: 41.04 g/t over 2.30 m (incl. 170.50 g/t over 0.55 m) and 10.46 over 2.05 (incl. 36.40 over 0.50 m)
OB-20-170: Multiple intercepts including 5.27 g/t over 7.40 m and 5.73 g/t over 9.20 m (incl. 13.45 g/t over 1.90 m and 12.15 g/t over 2.00 m)
Ongoing drill program (commenced
57,154 m completed to the end of 2020 with results pending for 10,790 m
Cash balance of approx.
Corporate updates
Nicolas Guivarch promoted to Manager, Exploration
VG denotes the presence of visible gold
Core length or down hole width. True widths are estimated at 70% to 80% of down hole width. To the extent possible, primary intercepts reflect minimum mining width (1.5 m true width) consistent with assumptions used in the 2019 resource estimate.
Assay grades shown uncapped. A capping factor of 60 g/t Au was used in the 2019 resource estimate4.
Resource expansion potential to the East of the first mineralized trend (300 m east of the old
Hole OB-20-164 returned multiple mineralized intercepts approximately 38 m to the east of currently modeled resources in the first trend including,
41.04 g/t Au over 2.30 m core length (vertical depth of 185 m) including 170.50 g/t over 0.55 m, including visible gold showings and
additional high-grade intercepts 280 m vertically below the above intercept, including, 10.46 g/t over 2.05 m core length including 36.40 g/t over 0.50 m, and 5.84 g/t over 1.75 m core length including 19.65 g/t over 0.50 m these intercepts were obtained, approximately 150 m vertically above and 50 m to the west of the previously released intercept of 110.97 g/t over 2.50 m from hole OB-20-167 approximately 150 m vertically above and 55 m to the west of a historical intercept of 1920.00 g/t over 0.21 m (U-1328)
Hole OB-20-170 returned multiple mineralized intercepts approximately 25 m to the east of currently modeled resources in the first trend (and approximately 110 m below and 75 m further east of the high-grade intercepts in OB-20-164) including, 8.43 g/t Au over 2.00 m core length (vertical depth of 205 m) including 16.80 g/t over 1.00 m, and additional high-grade intercepts 335 m vertically below the above intercept, including, 5.27 g/t over 7.40 m core length including 9.83 g/t over 2.00 m, 4.02 g/t over 2.00 m core length including 6.15 g/t over 1.00 m, and 5.73 g/t over 9.20 m core length (vertical depth of 570 m) including, 13.45 g/t over 1.90 m core length including 25.30 g/t over 1.00 m, and 12.15 g/t over 2.00 m core length including 23.20 g/t over 1.00 m OB-20-164, OB-20-167 and OB-20-170 highlight the potential for resource expansion to the east of the current resource boundary, between 465 m and 615 m vertical depth.
Resource expansion to the West of the first mineralized trend (300 m east of the old
Hole OB-20-168 returned 90 g/t over 8.00 m approximately 60 m to the West of currently modeled resources in the first trend. This broader mineralized zone includes, 22.24 g/t Au over 2.30 m core length, including 39.00 g/t over 1.30 m, including visible gold showings, and 33.94 g/t over 2.00 m core length, including 67.50 g/t over 1.00 m
The high-grade intercept was obtained 330 m below previously reported intercept of 92.89 g/t over 2.60 m (from OB-20-153), and approximately 55 m and 145 m, respectively above historical intercepts of 46 g/t over 1.70 m (OB-17-23) and 124.57 g/t over 0.82 m (ST-1029).
Both intercepts were obtained within multiple mineralized structures appearing to align with the dip of the first mineralized trend, highlighted by historical drilling and step-out drilling completed below current resources.
The high-grade intercepts are both located outside and to the east of the current resource boundary.
OB-20-168, OB-20-159, OB-20-158 and OB-20-153 and other historical intercepts highlight the potential for resource expansion by up to 60 m to the west of the current resource boundary, starting close to surface down to and 475 m vertical depth.
In addition to hole OB-20-168, hole OB-20-160 and OB-20-163 returned high-grade intercepts of respectively 7.45 g/t Au over 1.80 m and 5.61 g/t Au over 1.90 m in the Pontiac sediments suggesting the presence and continuity of ENE mineralized zones within this geological unit.
Drilling at O'Brien continues to validate the litho-structural model while highlighting resource growth potential laterally and at depth
Drilling to date has continued to define and expand three high-grade mineralized trends, located approximately 300 m, 600 m and 900 m respectively to the east of the old
Assays are pending from step-out drill holes completed on all three trends.
Mineralized trends identified bear similarities with structures previously mined at O'Brien down to a depth of 1,100 m (historical production of 587 koz grading 15.25 g/t)
Drilling so far has demonstrated continuity of mineralization well below the boundary of defined resources in all three trends, which remain open for expansion laterally and at depth.
In the first trend, drilling has highlighted continuity of mineralization down to a vertical depth of 950 m, approximately 350 m below the boundary of resources that are limited to a vertical depth of 600 m.
In the second trend, drilling has highlighted continuity of mineralization down to a vertical depth of 770 m, approximately 300 m below the boundary of resources that are mostly within 400 m from surface.
In the third trend, drilling has traced mineralization down to 500 m vertical depth from surface. Current resources are mostly confined to between surface and 240 m vertical depth.
Almost all drilling conducted as part of the ongoing campaign has been within a strike length of approximately 1 km to the east of the old O'Brien mine, representing only a small portion of more than 5 km of prospective strike that Radisson controls along the Cadillac Break.
57,743 m of drilling completed to date with assays pending for approx. 10,790 m
This release represents approximately 4,979 m of drilling.
With approximately
Released results to date (since the commencement of drilling in
Corporate updates
Nicolas Guivarch promoted to Manager, Exploration
Radisson is pleased to announce that it has entered to an arrangement with 3DGeo
In addition, Nicolas Guivarch (
In addition, in order to fulfill new professional duties which would place him in conflict with current board position at Radisson,
QA/QC
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
Radisson mining resources Inc.
Radisson is a gold exploration company focused on its 100% owned O'Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi,
Contact:
Tel: 819-763-9969
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the development of the O'Brien project and generally, the above 'About
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management's endeavours to develop the O'Brien project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of
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