ROUYN-NORANDA, QUEBEC--(Marketwired - Feb 3, 2015) - Radisson Mining Resources Inc. (TSX VENTURE:RDS) ("Radisson") is continuing its preliminary economic assessment (PEA) of Zone 36 East on the O'Brien property in Cadillac Township, Abitibi, Quebec. As announced in the press release of December 2, 2014, Radisson has incorporated the Kewagama property into this PEA, which should be published in the 2nd quarter of 2015.
In this regard, Radisson would like to draw attention to some results from the 41,000 metres of drilling conducted on Kewagama, which will be integrated into the PEA. Of these 41,000 metres, more than 20,000 metres of historical surface and underground drilling were carried out by Radisson's predecessors from 1932 to 1988. Along with the surface drilling program completed by Radisson from 2003 to 2011, totalling 20,824 metres, this data is currently being compiled and interpreted by firm InnovExplo. Radisson considers it likely that additional interesting intersections will be identified in the historical drilling.
Selected highlights, Radisson drilling programs from 2003 to 2011
Above a vertical depth of 525 m
- 0.30 m at 466.48 g/t Au in hole KW08-157
- 0.30 m at 79.72 g/t Au in hole RM11-05
- 0.40 m at 67.74 g/t Au in hole RM11-02
- 8.17 m at 5.45 g/t Au, including 0.60 m at 49.94 g/t Au in hole KW04-03
At depth, at a vertical depth of 1,150 m
- 1.00 m at 17.46 g/t Au in hole KW04-02W
These results are from various exploration drilling programs on the Kewagama property conducted by Radisson from 2003 to 2011, during which numerous gold intersections were reported. See the table below, "2003-2011 Main Drilling Results", and Radisson's press releases dated September 13, 2004, to April 3, 2012.
The main objectives of Radisson's drilling were to check the mineralization and the geological setting of the gold structures in the area of the old Kewagama mine site, check the potential at a depth of over 1,000 metres on the western edge of this property, and also explore the potential of the area east of the old Kewagama mine infrastructures, where historical drilling had intersected significant gold values in rock of the Piché Group.
President Mario Bouchard commented: "The 43-101 mineral resource estimate for the Kewagama property and its integration into the PEA currently underway on Zone 36 East are logical steps that enhance the economic potential of the project as a whole. The possibility of simultaneously mining Zone 36 East and Kewagama will be considered during this exercise".
2003-2011 Main Drilling Results - Piché Group - Kewagama Property
| Holes |
From |
To |
Au |
Core length* |
| (metres) |
(metres) |
(g/t) |
(metres) |
| KW04-02W |
1,228.83 |
1,229.83 |
17,46 |
1,00 |
| KW04-03 |
515.40 |
523.57 |
5.45 |
8.17 |
| KW04-03 |
515.40 |
516.00 |
49.94 |
0.60 |
| KW04-04 |
846.87 |
866.21 |
0.22 |
19.34 |
| KW04-05 |
683.55 |
702.70 |
0.44 |
19,15 |
| KW04-06 |
629.15 |
638.53 |
0.61 |
9.38 |
| KW05-11 |
564.00 |
565.50 |
5,42 |
1,50 |
| KW08-151 |
554.00 |
557.00 |
4,92 |
3,00 |
| KW08-155A |
333.90 |
334.40 |
12,84 |
0,50 |
| KW08-155A |
341.78 |
347.15 |
3,75 |
5,37 |
| KW08-156 |
397.60 |
397.90 |
16,65 |
0,30 |
| KW08-156 |
603.65 |
605.60 |
6,64 |
1,95 |
| KW08-157 |
165.69 |
165.99 |
466,48 |
0,30 |
| KW08-163A |
433.50 |
436,95 |
3,31 |
3,45 |
| KW08-164 |
522,80 |
535.90 |
1,83 |
13,10 |
| RM11-01 |
283.60 |
284.50 |
8,10 |
0,90 |
| RM11-02 |
126.15 |
126.55 |
67,74 |
0,40 |
| RM11-02 |
172.70 |
177.00 |
2,91 |
4,30 |
| RM11-05 |
271.30 |
271.60 |
79,72 |
0,30 |
| RM11-06 |
253.00 |
257.50 |
5,10 |
4,50 |
| RM11-08 |
266.70 |
269.10 |
2,79 |
2,40 |
| RM11-09 |
272.00 |
277.80 |
4,21 |
5,80 |
| RM11-11 |
132.80 |
137.00 |
2,53 |
4,20 |
| RM11-12 |
282.60 |
285.80 |
3,31 |
3,20 |
| RM11-13 |
293.20 |
293.70 |
18,08 |
0,50 |
| RM11-13 |
302.20 |
304.80 |
3,61 |
2,60 |
| RM11-15 |
215.10 |
216.00 |
11,57 |
0,90 |
| RM11-15 |
244.30 |
246.70 |
3,42 |
2,40 |
| * All intercepts reported are down-hole lengths, not true thicknesses, from underground holes. Insufficient drilling has been completed to date to define the orientation of the mineralized zones in space. The data is preliminary and Radisson has not independently verified the results; consequently, these results should not be relied upon. All drill core in these various programs is NQ in size. One half of the sawn or split core was systematically assayed using standard processing by fire assay with atomic absorption finish; the other half was retained for future reference. |
The discovery of new, very wide low-grade gold mineralization during work programs in the area east of the infrastructures is also indicative of favourable gold potential. Since the holes are still widely spaced, these intersections remain open and are considered significant exploration targets.
InnovExplo is an independent consulting firm recognized for its expertise in mining geology, exploration, engineering and geomatics. Firm WSP is participating jointly in certain chapters of the PEA, such as ore processing, environmental assessments and studies of some of the infrastructure.
Consultant Yolande Bisson, Eng. MBA, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this release.
PDAC 2015
Radisson invites shareholders and investors to meet the Company's management at booth #3312 at the PDAC convention which will be held from March 1 to 4.
ABOUT RADISSON MINING RESOURCES:
Radisson is a Québec-based mineral exploration company. The adjoining O'Brien and Kewagama properties, cut by the regional Cadillac Break, are Radisson's main asset. They contain the O'Brien Mine, which is considered to have been the Abitibi Greenstone Belt's highest-grade gold producer when it was in production (1,310,356 short tons at 0.448 oz/t from 1925 to 1956; RPA, May 2007).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.