Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres
Rhea-AI Summary
Radisson Mining Resources (TSXV: RDS, OTCQB: RMRDF) has announced new drill results from its 2024 drill program at the O'Brien Gold Project in Quebec. The program, consisting of 35,000 metres, revealed significant gold intersections including 8.36 g/t gold over 15.0 metres in hole OB-24-358 and 10.32 g/t Au over 4.1 metres in hole OB-24-327.
The results come from seventeen drill holes focused on shallow drilling within the existing Mineral Resource area across Trends 1, 2, and 3. The project demonstrates characteristic narrow, high-grade gold mineralization within quartz-sulphide veins. The O'Brien Project currently holds Indicated Mineral Resources of 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au) and Inferred Resources of 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au).
Positive
- High-grade gold intersections: 8.36 g/t Au over 15.0m and 10.32 g/t Au over 4.1m
- Successful expansion of mineralization through deep drilling below current resource
- Three drilling rigs actively operating on site for 2025 program
- Strong historical production: over 500,000 ounces at +15 g/t average grade
Negative
- Current mineral resources to 0.95M combined ounces (indicated + inferred)
- Narrow vein mineralization may impact mining costs
News Market Reaction 1 Alert
On the day this news was published, RMRDF declined 4.00%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Rouyn-Noranda, Quebec--(Newsfile Corp. - February 26, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce additional drill assay results from its
The seventeen drill holes reported were completed as part of the 35,000 metre, 2024 drill program designed to increase the scope of gold mineralization at the Project with a combination of deep and shallow drill holes. Prior to the end of last year, Radisson released the results of several deep drill holes which demonstrated high grade mineralization at substantial step-outs below the base of the current Mineral Resource and below the historic O'Brien Mine workings (see Radisson News Releases dated September 24, 2024, October 30, 2024 and December 16, 2024). Today's results represent shallower drilling at the margins, or within, the existing Mineral Resource over the Project's "Trends 1, 2 and 3". The new data continue to demonstrate the Project's characteristic narrow and high-grade gold mineralization within quartz-sulphide veins.
Results Highlights:
OB-24-358 intersected 8.36 grams per tonne ("g/t") gold ("Au") over 15.0 metres within a broad mineralized interval with multiple veins, including 56.0 g/t Au over 1.0 metre and 41.1 g/t Au over 1.0 metre;
OB-24-327 intersected 10.32 g/t Au over 4.1 metres including 18.30 g/t Au over 1.5 metres;
OB-24-350 intersected 46.40 g/t Au over 1.0 metre;
OB-24-339 intersected 10.05 g/t Au over 1.3 metres; and
OB-24-351 intersected 9.89 g/t Au over 2.9 metres including 17.90 g/t Au over 1.4 metres
Matt Manson, President & CEO, commented: "We are reporting today results from drill holes completed during the fall as part of our 2024 drill program. They demonstrate the type of narrow high-grade intercepts within broader mineralized envelopes that are so characteristic of the O'Brien Gold Project and serve to fill out our interpretation of mineralization in and around the existing Mineral Resources. Our drilling priorities in 2024 represented a balance between shallower targets within the existing Mineral Resource model, and deeper step-outs geared to new discovery. The deep step-outs greatly exceeded our expectations. They included the deepest hole ever drilled at the Project, OB-24-337, which returned 31.24 g/t Au over 8 metres a full 500 metres beneath the historic mine workings, and OB-24-324 which returned 27.61 g/t Au over 6.0 metres 170 metres beneath the base of our "Trend #1". The results for these deep drill holes were prioritised in the laboratory, so as to guide planning for the 2025 drill program, which is almost exclusively aimed at extending O'Brien's gold mineralization to depth as well as following up on the recently re-discovered "Jewellery Box" zone. The 22,000 metre 2025 drill program is proceeding well with three rigs at site with a steady flow of results expected."
Figure 1: Long Section and Plan View of Gold Vein Mineralization and Mineral Resources at the O'Brien Gold Project, with Today's Drill Holes Illustrated.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10977/242419_9da529e12434fa28_001full.jpg
Gold Mineralization at O'Brien
Gold mineralizing quartz-sulphide veins at O'Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyric andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break ("LLCB"). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.
Table 1: Detailed Assay Results from Drill Holes OB-24-327 to OB-24-358
| DDH | Zone | From (m) | To (m) | Core Length (m) | Au g/t - Uncut | Host Lithology | |
| OB-24-327 | Trend # 1 | 225.9 | 230.0 | 4.1 | 10.32 | V3-S | |
| Including | 228.5 | 230.0 | 1.5 | 18.30 | V3-S | ||
| 295.9 | 296.9 | 1.0 | 4.27 | V3-CEN | |||
| OB-24-334 | Trend # 2 | 296.5 | 300.6 | 4.1 | 3.63 | V3-S | |
| 320.7 | 322.7 | 2.0 | 6.69 | V3-S/POR-S | |||
| OB-24-335 | Trend # 2 | 339.2 | 345.7 | 6.5 | 4.28 | V3-S | |
| Including | 340.7 | 343.2 | 2.5 | 7.93 | V3-S | ||
| 413.5 | 415.6 | 2.1 | 4.34 | V3-N | |||
| OB-24-339 | Trend # 1 | 437.0 | 438.3 | 1.3 | 10.05 | POR-S | |
| 533.1 | 534.1 | 1.0 | 3.84 | V3-N | |||
| 536.9 | 537.9 | 1.0 | 5.80 | V3-N | |||
| OB-24-340 | Trend # 3 | 304.1 | 305.6 | 1.5 | 6.80 | PON-S3 | |
| OB-24-341 | Trend # 1 | 541.7 | 543.0 | 1.3 | 6.50 | S3P | |
| OB-24-342 | Trend # 3 | 325.3 | 326.3 | 1.0 | 3.67 | V3-S | |
| OB-24-344 | Trend # 1 | 313.0 | 314.0 | 1.0 | 4.19 | S1P | |
| OB-24-345 | Trend # 1 | 569.0 | 570.0 | 1.0 | 3.84 | TX | |
| OB-24-350 | Trend # 1 | 20.5 | 21.5 | 1.0 | 46.40 | V3-S | |
| 94.4 | 96.6 | 2.3 | 3.71 | V3-N | |||
| OB-24-351 | Trend # 1 | 158.0 | 159.0 | 1.0 | 3.92 | S1P | |
| 183.5 | 186.4 | 2.9 | 9.89 | TX | |||
| Including | 185.0 | 186.4 | 1.4 | 17.90 | TX | ||
| 190.3 | 191.0 | 0.7 | 4.22 | V3-N | |||
| OB-24-358 | Trend # 3 | 353.9 | 355.2 | 1.3 | 5.08 | V3-S | |
| 386.0 | 387.0 | 1.0 | 5.26 | V3-S | |||
| 417.9 | 432.9 | 15.0 | 8.36 | POR-N/V3-N | |||
| Including | 417.9 | 418.9 | 1.0 | 41.10 | POR-N | ||
| Including | 430.9 | 431.9 | 1.0 | 56.00 | V3-N | ||
| 456.5 | 458.0 | 1.5 | 3.92 | ZFLLC |
Notes on Calculation of Drill Intercepts:
The O'Brien Gold Project March 2023 Mineral Resource Estimate ("MRE") utilizes a 4.50 g/t Au bottom cutoff, a US
Figure 2: Cross Section of Trend 1 including drill holes OB-24-327, 339, 350 & 351.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10977/242419_9da529e12434fa28_002full.jpg
As mapped at the historic O'Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths.
The historic O'Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t and over a vertical extent of at least 1,000 metres. Recent exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends ("Trend #s 0 to 5").
Based on drilling complete to the end of 2022, the Project has estimated Indicated Mineral Resources of 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources of 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Table 2: Detailed Assay Results (see "Notes on Calculation of Drill Intercepts")
| DDH | Zone | From (m) | To (m) | Core Length (m) | Au g/t - Uncut | Host Lithology | |
| OB-24-327 | Trend # 1 | 225.9 | 230.0 | 4.1 | 10.32 | V3-S | |
| Including | 228.5 | 230.0 | 1.5 | 18.30 | V3-S | ||
| 256.0 | 257.0 | 1.0 | 1.99 | V3-S | |||
| 295.9 | 296.9 | 1.0 | 4.27 | V3-CEN | |||
| OB-24-328 | Trend # 1 | 327.1 | 330.1 | 3.0 | 1.31 | S3P | |
| OB-24-334 | Trend # 2 | 296.5 | 300.6 | 4.1 | 3.63 | V3-S | |
| 320.7 | 322.7 | 2.0 | 6.69 | V3-S/POR-S | |||
| 356.5 | 357.8 | 1.3 | 1.09 | POR_N | |||
| OB-24-335 | Trend # 2 | 200.5 | 202.0 | 1.5 | 1.01 | PON-S3 | |
| 264.0 | 265.5 | 1.5 | 1.31 | PON-S3 | |||
| 339.2 | 345.7 | 6.5 | 4.28 | V3-S | |||
| Including | 340.7 | 343.2 | 2.5 | 7.93 | V3-S | ||
| 360.1 | 361.6 | 1.5 | 2.06 | V3-S | |||
| 373.0 | 374.0 | 1.0 | 1.19 | POR-S | |||
| 394.6 | 406.1 | 11.5 | 1.09 | POR-N/TX | |||
| 409.1 | 410.6 | 1.5 | 1.41 | V3-N | |||
| 413.5 | 415.6 | 2.1 | 4.34 | V3-N | |||
| OB-24-336 | Trend # 2 | 200.0 | 201.1 | 1.1 | 1.06 | PON-S3 | |
| 354.6 | 355.9 | 1.3 | 1.40 | POR-S | |||
| 388.3 | 389.4 | 1.1 | 1.45 | TX | |||
| 390.5 | 391.8 | 1.3 | 1.09 | V3-N | |||
| OB-24-338 | Trend # 1 | 456.7 | 463.5 | 6.8 | 1.37 | POR-N/TX | |
| 480.0 | 484.6 | 4.6 | 1.68 | V3-N | |||
| OB-24-339 | Trend # 1 | 412.4 | 415.1 | 2.7 | 1.88 | V3-S | |
| 430.1 | 431.1 | 1.0 | 1.55 | V3-S | |||
| 437.0 | 438.3 | 1.3 | 10.05 | POR-S | |||
| 471.7 | 473.0 | 1.3 | 2.29 | S1P | |||
| 521.3 | 522.6 | 1.3 | 2.47 | V3-N | |||
| 531.5 | 539.0 | 7.5 | 2.28 | V3-N | |||
| Including | 533.1 | 534.1 | 1.0 | 3.84 | V3-N | ||
| Including | 536.9 | 537.9 | 1.0 | 5.80 | V3-N | ||
| OB-24-340 | Trend # 3 | 302.1 | 303.1 | 1.0 | 1.12 | PON-S3 | |
| 304.1 | 305.6 | 1.5 | 6.80 | PON-S3 | |||
| 397.0 | 400.8 | 3.8 | 1.03 | V3-S | |||
| 409.4 | 410.9 | 1.5 | 1.60 | V3-S | |||
| 469.2 | 470.4 | 1.3 | 1.19 | POR-S | |||
| 491.8 | 493.6 | 1.8 | 1.67 | V3-N | |||
| OB-24-341 | Trend # 1 | 393.3 | 398.0 | 4.7 | 1.03 | V3-S | |
| 423.0 | 424.0 | 1.0 | 1.50 | POR-S | |||
| 457.4 | 458.9 | 1.5 | 1.52 | S1P | |||
| 472.3 | 475.3 | 3.0 | 1.33 | S1P | |||
| 483.7 | 484.7 | 1.0 | 1.25 | POR-N | |||
| 541.7 | 543.0 | 1.3 | 6.50 | S3P | |||
| OB-24-342 | Trend # 3 | 325.3 | 326.3 | 1.0 | 3.67 | V3-S | |
| 332.0 | 333.1 | 1.1 | 1.42 | V3-S | |||
| 341.0 | 342.0 | 1.0 | 2.81 | POR-S | |||
| 349.0 | 350.1 | 1.1 | 2.75 | V3-CEN | |||
| 366.2 | 367.3 | 1.1 | 1.49 | POR-N | |||
| OB-24-343 | Trend # 3 | 135.5 | 137.0 | 1.5 | 2.93 | PON-S3 | |
| 489.2 | 491.3 | 2.1 | 2.29 | V3-C/S1P | |||
| OB-24-344 | Trend # 1 | 195.0 | 196.5 | 1.5 | 1.24 | PON-S3 | |
| 224.5 | 225.8 | 1.3 | 1.11 | V3-S | |||
| 241.6 | 244.2 | 2.6 | 2.20 | V3-S | |||
| 299.5 | 300.4 | 0.9 | 1.14 | S1P | |||
| 311.0 | 314.0 | 3.0 | 2.03 | S1P | |||
| Including | 313.0 | 314.0 | 1.0 | 4.19 | S1P | ||
| 322.8 | 323.8 | 1.0 | 1.25 | POR-N | |||
| 356.5 | 358.0 | 1.5 | 1.28 | S3P | |||
| OB-24-345 | Trend # 1 | 227.0 | 228.0 | 1.0 | 1.04 | PON-S3 | |
| 250.5 | 251.7 | 1.2 | 2.53 | PON-S3 | |||
| 493.5 | 494.5 | 1.0 | 1.57 | POR-S | |||
| 512.0 | 513.0 | 1.0 | 1.67 | S1P | |||
| 536.5 | 538.0 | 1.5 | 1.02 | S1P | |||
| 566.0 | 571.5 | 5.5 | 1.72 | TX | |||
| Including | 569.0 | 570.0 | 1.0 | 3.84 | TX | ||
| 584.9 | 586.4 | 1.5 | 1.77 | S3P | |||
| 589.4 | 591.5 | 2.1 | 1.27 | S3P | |||
| OB-24-348 | Trend # 2 | 314.5 | 315.5 | 1.0 | 1.60 | S1P | |
| 332.8 | 334.1 | 1.3 | 1.55 | POR-N | |||
| 344.0 | 345.0 | 3.8 | 1.08 | V3-N | |||
| OB-24-350 | Trend # 1 | 20.5 | 21.5 | 1.0 | 46.40 | V3-S | |
| 65.0 | 66.0 | 1.0 | 1.38 | S1P | |||
| 71.5 | 73.5 | 2.0 | 1.26 | S1P | |||
| 90.2 | 91.1 | 0.9 | 1.94 | POR-N | |||
| 94.4 | 96.6 | 2.3 | 3.71 | V3-N | |||
| OB-24-351 | Trend # 1 | 139.1 | 141.9 | 2.8 | 1.12 | POR-S | |
| 158.0 | 159.0 | 1.0 | 3.92 | S1P | |||
| 183.5 | 186.4 | 2.9 | 9.89 | TX | |||
| Including | 185.0 | 186.4 | 1.4 | 17.90 | TX | ||
| 190.3 | 191.0 | 0.7 | 4.22 | V3-N | |||
| OB-24-358 | Trend # 3 | 318.0 | 319.0 | 1.0 | 2.09 | PON-S3 | |
| 322.0 | 323.0 | 1.0 | 1.17 | PON-S3 | |||
| 353.9 | 355.2 | 1.3 | 5.08 | V3-S | |||
| 386.0 | 387.0 | 1.0 | 5.26 | V3-S | |||
| 401.4 | 402.4 | 1.0 | 1.76 | POR-S | |||
| 417.9 | 432.9 | 15.0 | 8.36 | POR-N/V3-N | |||
| Including | 417.9 | 418.9 | 1.0 | 41.10 | POR-N | ||
| Including | 430.9 | 431.9 | 1.0 | 56.00 | V3-N | ||
| 447.0 | 448.0 | 1.0 | 1.68 | S3P | |||
| 456.5 | 458.0 | 1.5 | 3.92 | ZFLLC |
Table 3: Drill Hole Collar Information for Holes contained in this News Release.
| DDH | Zone | Easting | Northing | Azimuth | Dip | Hole Length (m) |
| OB-24-327 | Trend # 1 | 693974 | 5345444 | 358 | -57 | 321 |
| OB-24-328 | Trend # 1 | 693877 | 5345431 | 355 | -57 | 339 |
| OB-24-334 | Trend # 2 | 694352 | 5345390 | 353 | -63 | 396 |
| OB-24-335 | Trend # 2 | 694352 | 5345390 | 355 | -67 | 438 |
| OB-24-336 | Trend # 2 | 694281 | 5345388 | 358 | -64 | 417 |
| OB-24-338 | Trend # 1 | 693953 | 5345403 | 357 | -74 | 498 |
| OB-24-339 | Trend # 1 | 693953 | 5345403 | 14 | -72 | 549 |
| OB-24-340 | Trend # 3 | 694590 | 5345442 | 342 | -75 | 506 |
| OB-24-341 | Trend # 1 | 693875 | 5345432 | 6 | -74 | 563 |
| OB-24-342 | Trend # 3 | 694521 | 5345405 | 358 | -63 | 405 |
| OB-24-343 | Trend # 3 | 694496 | 5345361 | 353 | -71 | 537 |
| OB-24-344 | Trend # 1 | 693875 | 5345432 | 349 | -60 | 372 |
| OB-24-345 | Trend # 1 | 694105 | 5345410 | 349 | -76 | 608 |
| OB-24-348 | Trend # 2 | 694106 | 5345409 | 11 | -59 | 384 |
| OB-24-350 | Trend # 1 | 693988 | 5345557 | 356 | -49 | 120 |
| OB-24-351 | Trend # 1 | 693970 | 5345508 | 355 | -47 | 191 |
| OB-24-358 | Trend # 3 | 694666 | 5345348 | 349 | -60 | 460 |
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 ALS Laboratory Ltd, in Val-d'Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
Qualified Person
Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O'Brien Gold Project.
Radisson Mining Resources Inc.
Radisson is a gold exploration company focused on its
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com
Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company's ability to grow the O'Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O'Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242419
FAQ
What are the latest significant gold intersections from Radisson's O'Brien Project (RMRDF)?
What is the current mineral resource estimate for Radisson's O'Brien Gold Project (RMRDF)?
How many drill holes were included in Radisson's February 2025 results announcement?
What is the focus of Radisson Mining's (RMRDF) 2025 drilling program at O'Brien?
