Radisson Intersects 12.9 g/t Gold over 8 metres, 70 metres up-dip of widest intercept reported on 36E zone
Press release highlights:
- This intersection is included in a wider mineralized envelope of 54 m grading 2.8 g/t Gold(see figure 1)
- Assays are pending for 21 drill holes completed in 2017 representing 12,000 metres of drilling.
- Specs of visible gold were observed in 2 exploration drill holes in the newly named Vintage zone (see figure 2).
Rouyn-Noranda, Quebec Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) (“Radisson” or the “Company”) is pleased to announce additional results from the ongoing 20,000 m drill program at the Company’s O’Brien gold project located along the Larder-Lake-Cadillac (“L-L-C”) fault halfway between Rouyn-Noranda and Val-d’Or, Quebec. Hole OB-17-25W intersected 12.9 g/t Au over 8 metres within a wider interval of 54 metres grading 2.8 g/t Au. This wedge hole aimed the vertical continuity of hole OB-17-25 70 metres closer to surface, which as highlighted in May 9th, 2017 Press Release, returned 1.0 g/t Au over 93 metres. Radisson continues to confirm the presence of high-grade gold intercepts within wider lower grade mineralized envelopes on the 36E zone of the O’Brien deposit.
Since the last update, results have been received for eight resource expansion drill holes. The company is currently drilling hole OB-17-60. Assays are pending for 21 drill holes. 10 exploration drill holes and 11 resource expansion drill holes.
Mario Bouchard, President and CEO commented: “Current results continue to demonstrate the potential to expand known resources at the 36E and Kewagama zone. The fact that we continue to encounter high-grade gold mineralization in wider lower-grade envelopes at several depths could represent a game-changer for 36E. The newly named Vintage zone was first explored in the 80s and never followed upon. Via historical data compilation, the company established a number of high-priority exploration targets in this area of the O’Brien project. We aim to complete the 20,000 metres drill program in the coming weeks by focusing on resource expansion targets, while the company awaits results from its exploration drilling program completed this summer.”
Table 1 Drilling summary at the O'Brien project
|which includes||414,0||415,2||1,2||21,2||Piché conglomerate*VG|
*VG; Denotes presence of visible gold
**NSV; No significant value
Note; Results are presented as down hole width; true width are estimated between 55 to 70% of down hole thickness.
Newly named Vintage zone exploration program
The Vintage zone is a parallel zone of the O’Brien project approximately located 85 metres north of the Larder-Lake-Cadillac fault in the Cadillac Group of meta-sediments comprising sequence of polymictic conglomerate, banded iron formation (BIF) and grauwacke. In comparison, current resources of 36E and Kewagama zones are located in the Piche Group, south of the L-L-C fault. Vintage zone saw small exploration work in the 80s, which were never followed upon. The company established several high-priority exploration drill targets through historical data compilation in this area. The first two drill holes that tested these targets were completed 65m along strike from each other. Specs of visible gold associated with multiple narrow quartz-sulfides (mostly arsenopyrite) veins were intersected in both holes. The new info added to the few available historical information helps to demonstrate the continuity and the favorable geometry of the Vintage zone. All intercepts remain open laterally and at depth. Results are currently pending and will be made available in the coming weeks.
Historical drill core re-logging and assaying
In light of the wide zones of mineralization recently intersected on 36E area, the company will review drill cores from a series of historical drill holes in the near-surface area of the 36E zone. After re-log, selected drill core will be sent for assaying. Prior to 2016, most of these holes have incomplete assay within the Piche group sequence. Only highly mineralized zones were assayed without paying attention to a possible wider low-grade envelope model.