Radisson Announces Additional High-Grade Drill Results at O’Brien, Including 16.2 g/t Gold over 5.4 Metres, 12.1 g/t Gold over 4.4 Metres and 62.0 g/t Gold over 1.0 Metre
Radisson Mining Resources announced results from 10 diamond drill holes at its O'Brien Gold Project in Quebec, part of a 35,000-metre drill program. Key intersections include 16.21 g/t gold over 5.4 metres, 12.1 g/t gold over 4.4 metres, and 62.0 g/t gold over 1.0 metre. The results demonstrate high-grade mineralization extending to depth, with successful wedge drilling from hole OB-24-324 and a 100-metre step-out below the Mineral Resource on Trend #0. Three rigs are currently active, with one testing beneath the historic O'Brien mine at depths over 400 metres below previous workings.
Radisson Mining Resources ha annunciato i risultati di 10 perforazioni a diamante nel suo progetto aurifero O'Brien nel Quebec, parte di un programma di perforazione di 35.000 metri. Le intersezioni chiave includono 16,21 g/t di oro su 5,4 metri, 12,1 g/t di oro su 4,4 metri e 62,0 g/t di oro su 1,0 metro. I risultati dimostrano una mineralizzazione ad alta legge che si estende in profondità, con perforazioni a cuneo riuscite dal foro OB-24-324 e un'estensione di 100 metri sotto le Risorse Minerali sulla Tendenza #0. Attualmente sono attivi tre impianti, uno dei quali sta testando sotto la storica miniera di O'Brien a profondità superiori a 400 metri rispetto ai lavori precedenti.
Radisson Mining Resources anunció resultados de 10 perforaciones diamantinas en su proyecto O'Brien Gold en Quebec, parte de un programa de perforación de 35,000 metros. Las intersecciones clave incluyen 16.21 g/t de oro sobre 5.4 metros, 12.1 g/t de oro sobre 4.4 metros, y 62.0 g/t de oro sobre 1.0 metro. Los resultados demuestran mineralización de alta ley que se extiende en profundidad, con perforaciones exitosas desde el pozo OB-24-324 y un avance de 100 metros por debajo del Recurso Mineral en la Tendencia #0. Actualmente hay tres equipos en operación, uno de los cuales está probando bajo la histórica mina O'Brien a profundidades superiores a 400 metros por debajo de los trabajos anteriores.
Radisson Mining Resources는 퀘벡의 O'Brien Gold 프로젝트에서 10개의 다이아몬드 시추 홀의 결과를 발표했으며, 이는 35,000미터 시추 프로그램의 일환입니다. 주요 교차점에는 5.4미터에서 16.21 g/t 금, 4.4미터에서 12.1 g/t 금, 1.0미터에서 62.0 g/t 금이 포함됩니다. 이 결과는 깊이까지 확장되는 고급 광물화를 입증하며, OB-24-324홀에서 성공적인 쐐기 시추와 함께 트렌드 #0에서 광물 자원 아래로 100미터 치수 확대를 보여줍니다. 현재 세 개의 시추기가 활성화되어 있으며, 그 중 하나는 역사적인 O'Brien 광산 아래에서 400미터 이상의 깊이에서 작업하고 있습니다.
Radisson Mining Resources a annoncé les résultats de 10 forages diamantés sur son projet aurifère O'Brien au Québec, dans le cadre d'un programme de forage de 35 000 mètres. Les intersections clés comprennent 16,21 g/t d'or sur 5,4 mètres, 12,1 g/t d'or sur 4,4 mètres et 62,0 g/t d'or sur 1,0 mètre. Les résultats démontrent une minéralisation de haute qualité s'étendant en profondeur, avec un forage à coin réussi depuis le trou OB-24-324 et une extension de 100 mètres en dessous de la Ressource Minérale sur la Tendance #0. Actuellement, trois foreuses sont actives, l'une testant sous l'ancienne mine d'O'Brien à des profondeurs supérieures à 400 mètres en dessous des travaux précédents.
Radisson Mining Resources hat Ergebnisse von 10 Diamantbohrungen im Goldprojekt O'Brien in Québec angekündigt, das Teil eines Bohrprogramms mit 35.000 Metern ist. Zu den wichtigsten Schnittpunkten gehören 16,21 g/t Gold über 5,4 Meter, 12,1 g/t Gold über 4,4 Meter und 62,0 g/t Gold über 1,0 Meter. Die Ergebnisse zeigen hochwertige Mineralisierung, die in die Tiefe reicht, mit erfolgreichen Keilbohrungen im Bohrloch OB-24-324 und einem 100-Meter-Schritt nach unten unter die Mineralressource im Trend #0. Derzeit sind drei Bohranlagen aktiv, von denen eine unter der historischen O'Brien-Mine in Tiefen von über 400 Metern unter den vorherigen Arbeiten testet.
- High-grade gold intersections: 16.21 g/t Au over 5.4m, 12.1 g/t Au over 4.4m, and 62.0 g/t Au over 1.0m
- Successful extension of mineralization below existing resource
- Current Indicated Resources: 0.50M oz at 10.26 g/t Au
- Additional Inferred Resources: 0.45M oz at 8.66 g/t Au
- None.
ROUYN-NORANDA, Quebec, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Company”) is pleased to announce results from 10 diamond drill holes completed at its
The ten drill holes reported today represent both shallow and deep drilling on the Project’s mineralized “Trend #s 0, 1 and 2.” Included are two wedges performed on the deep drill hole OB-24-324, which returned 27.61 g/t gold over 6.0 metres with extensive visible gold at a depth 170 metres below the base of the existing Mineral Resource on “Trend #1” (see Radisson News Release dated September 24, 2024). Also reported today are results from drill hole OB-24-323 which represents a 100-metre step-out below the base of the Mineral Resource on “Trend #0.” The new data, taken together, continue to demonstrate the extension of high-grade O’Brien mineralization to depth, where it remains open.
Results Highlights:
- OB-24-332 intersected 16.21 grams per tonne (“g/t”) gold (“Au”) over 5.4 metres, including 32.25 g/t Au over 2.4 metres, and a separate mineralized interval of 4.18 g/t Au over 5.3 metres, including 10.10 g/t Au over 1.0 metre;
- OB-24-324W1, a wedge from drill hole OB-24-324, intersected 5.48 g/t Au over 12.4 metres, including 12.10 g/t Au over 4.4 metres, and a separate mineralized interval of 3.09 g/t Au over 15.2 metres, including 8.02 g/t Au over 4.0 metres;
- OB-24-323 intersected 3.34 g/t Au over 10.9 metres, including 13.90 g/t Au over 1.5 metres, and a separate mineralized interval of 3.51 g/t Au over 8.2 metres, including 9.93 g/t Au over 1.5 metres;
- OB-24-330 intersected 19.89 g/t Au over 2.5 metres; and
- OB-24-333 intersected 62.00 g/t Au over 1.0 metre.
Matt Manson, President & CEO, commented: “Today’s drill results continue to demonstrate the type of narrow high-grade intercepts within broader mineralized envelopes that are so characteristic of the O’Brien Gold Project. The drill holes reported today represent a balance between shallower targets within the existing Mineral Resource model, and deeper step-outs geared to new discovery. This reflects the drilling priorities set in May when our 2024 program was expanded to 35,000 metres; however, we are becoming increasingly focused on the deep expansion potential of O’Brien. Recall that DDH OB-24-324, released in September, returned almost an ounce of gold over 6 metres core length at 1,100 metres vertical depth, 170 metres below previous drilling. For context, approximately
Table 1: Summary Assay Results from Today’s Drill Holes
DDH | Zone | From (m) | To (m) | Core Length (m) | Au g/t - Uncut | Host Lithology | |
OB-24-323 | Trend #0 | 795.0 | 796.0 | 1.0 | 11.85 | PON-S3 | |
903.9 | 914.8 | 10.9 | 3.34 | V3-S | |||
Including | 903.9 | 905.4 | 1.5 | 13.90 | V3-S | ||
933.5 | 934.7 | 1.2 | 6.21 | V3-CEN | |||
993.4 | 1,001.6 | 8.2 | 3.51 | V3-N/S3P | |||
Including | 995.4 | 996.9 | 1.5 | 9.93 | V3-N | ||
OB-24-324W1 | Trend #1 | 1,139.9 | 1,152.3 | 12.4 | 5.48 | POR-S | |
Including | 1,141.4 | 1,145.8 | 4.4 | 12.10 | POR-S | ||
1,164.3 | 1,179.5 | 15.2 | 3.09 | S1P/POR-N | |||
1,164.3 | 1,168.5 | 4.2 | 8.02 | S1P | |||
1,200.0 | 1,202.9 | 2.9 | 3.31 | POR-N | |||
OB-24-325 | Trend #1 | 257.5 | 262.5 | 5.0 | 4.45 | TX/V3-N | |
OB-24-326 | Trend #1 | 262.0 | 267.0 | 5.0 | 4.24 | V3-N | |
OB-24-330 | Trend #1 | 247.3 | 250.1 | 2.8 | 3.16 | V3-S | |
300.5 | 303.0 | 2.5 | 19.89 | POR-N | |||
OB-24-331 | Trend #1 | 351.0 | 352.0 | 1.0 | 17.30 | POR-S | |
376.5 | 381.7 | 5.2 | 3.45 | S1P | |||
Including | 380.5 | 381.7 | 1.2 | 11.85 | S1P | ||
399.5 | 401.0 | 1.5 | 4.85 | V3-N | |||
407.0 | 408.2 | 1.2 | 6.93 | V3-N | |||
OB-24-332 | Trend #1 | 361.0 | 362.5 | 1.5 | 3.92 | S1P | |
369.9 | 375.3 | 5.4 | 16.21 | S1P | |||
Including | 370.9 | 373.3 | 2.4 | 32.25 | S1P | ||
404.8 | 410.1 | 5.3 | 4.18 | V3-N | |||
Including | 409.1 | 410.1 | 1.0 | 10.10 | V3-N | ||
OB-24-333 | Trend #2 | 189.5 | 190.5 | 1.0 | 62.00 | V3-S |
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 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
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.
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.
Based on the modern drilling, 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.
Current exploration is focused 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,” Table 1 and Figures 1 and 2).
Today’s Drill Results
Today’s results are from ten drill holes, including two wedges, over 3,895 metres in Trends # 0, 1 and 2. Visible gold was observed in six of the holes. Holes were drilled on northerly declinations at initial inclinations of between -50 and -80 degrees, providing a high angle of incidence with the southerly dip of the Piché Group rocks and the vein mineralization. Estimated true widths of drill intercepts at the point of contact with mineralization is estimated to be 30
Drill holes OB-24-324W1 and W2 were wedges drilled off the previously reported, high-grade hole OB-24-324, which had extended Trend #1 170 metres beneath previous drilling with two zones of 27.61 g/t Au over 6.0 metres and 6.83 g/t Au over 10.0 metres, including 40.2 g/t Au over 1.5 metres (Figure 2). Wedge OB-24-324W1 successfully intersected two zones of mineralization immediately above hole 324, with 5.48 g/t Au over 12.4 metres, including 12.10 g/t Au over 4.4 metres, and 8.02 g/t Au over 4.2 metres. Wedge OB-24-324W2 deviated from its intended target eastwards and returned a number of mineralized zones of 1-2 metres in thickness at 1-2 g/t in gold grades (Table 2).
Drill holes OB-24-325 to 332 tested targets within the existing vein model in Trend #1, between approximately 200 and 350 metres vertical depth. Of note, OB-24-332 returned 16.21 g/t Au over 5.4 metres, including 32.25 g/t Au over 2.4 metres. Drill hole OB-24-333 was a shallow hole targeting Trend #2 at approximately 200 metres vertical depth, returning 62.0 g/t Au over 1.0 metre. Results are pending for drill holes OB-24-327 and 328.
Figure 2: Cross Section of Trend 1 Locating Drill Hole OB-24-324, Wedges OB-24-324W1 and OB-24-324W2, and the Previously Published OB-96-071 and OB-20-174W1B Drill Holes
Drill hole OB-24-323 was located approximately 100 metres below drilling on the high-grade Trend #0, immediately adjacent to the O’Brien mine. It returned two broad mineralized zones of 3.34 g/t Au over 10.9 metres, including 13.90 g/t Au over 1.5 metres, and 3.51 g/t Au over 8.2 metres, including 9.93 g/t Au over 1.5 metres. This successfully extends Trend #0 to depth.
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-24-323 | Trend #0 | 795.0 | 796.0 | 1.0 | 11.85 | PON-S3 | |
903.9 | 914.8 | 10.9 | 3.34 | V3-S | |||
Including | 903.9 | 905.4 | 1.5 | 13.90 | V3-S | ||
918.4 | 921.0 | 6.2 | 1.22 | V3-S/POR-S | |||
933.5 | 934.7 | 1.2 | 6.21 | V3-CEN | |||
953.0 | 954.4 | 1.4 | 1.03 | V3-CEN | |||
993.4 | 1,001.6 | 8.2 | 3.51 | V3-N/S3P | |||
Including | 995.4 | 996.9 | 1.5 | 9.93 | V3-N | ||
OB-24-324W1 | Trend #1 | 1,082.0 | 1,085.0 | 3.0 | 2.08 | V3-S | |
1,122.5 | 1,123.9 | 1.4 | 1.71 | V3-S | |||
1,128.4 | 1,129.9 | 1.5 | 1.27 | POR-S | |||
1,132.9 | 1,136.9 | 4.0 | 1.13 | POR-S | |||
1,139.9 | 1,152.3 | 12.4 | 5.48 | POR-S | |||
Including | 1,141.4 | 1,145.8 | 4.4 | 12.10 | POR-S | ||
1,158.3 | 1,159.8 | 1.5 | 1.08 | S1P | |||
1,164.3 | 1,179.5 | 15.2 | 3.09 | S1P/POR-N | |||
Including | 1,164.3 | 1,168.5 | 4.2 | 8.02 | S1P | ||
1,179.5 | 1,181.0 | 1.5 | 1.33 | POR-N | |||
1,185.5 | 1,187.0 | 1.5 | 1.02 | POR-N | |||
1,200.0 | 1,202.9 | 2.9 | 3.31 | POR-N | |||
OB-24-324W2 | Trend #1 | 1,020.7 | 1,022.2 | 1.5 | 1.07 | V3-S | |
1,041.1 | 1,042.2 | 1.1 | 2.84 | V3-S | |||
1,060.5 | 1,063.0 | 2.5 | 1.39 | POR-S | |||
1,066.0 | 1,067.5 | 1.5 | 1.20 | S1P | |||
OB-24-325 | Trend #1 | 245.5 | 247.0 | 1.5 | 1.30 | S1P | |
251.5 | 253.4 | 1.9 | 1.07 | V3-N | |||
257.5 | 262.5 | 5.0 | 4.45 | TX/V3-N | |||
273.5 | 274.5 | 1.0 | 2.44 | TX/V3-N | |||
OB-24-326 | Trend #1 | 236.0 | 237.0 | 1.0 | 1.06 | S1P | |
262.0 | 267.0 | 5.0 | 4.24 | V3-N | |||
OB-24-329 | Trend #1 | 251.7 | 253.2 | 1.5 | 1.35 | V3-S | |
311.3 | 312.3 | 1.0 | 1.25 | S1P | |||
342.8 | 344.0 | 1.2 | 1.10 | V3-N | |||
OB-24-330 | Trend #1 | 247.3 | 250.1 | 2.8 | 3.16 | V3-S | |
274.6 | 276.1 | 1.5 | 1.46 | V3-CEN | |||
282.6 | 284.1 | 1.5 | 2.04 | S1P | |||
293.1 | 295.2 | 2.1 | 1.15 | S1P | |||
300.5 | 303.0 | 2.5 | 19.89 | POR-N | |||
340.7 | 341.7 | 1.0 | 1.11 | V3-N |
OB-24-331 | Trend #1 | 351.0 | 352.0 | 1.0 | 17.30 | POR-S | |
370.5 | 372.0 | 1.5 | 1.11 | S1P | |||
376.5 | 381.7 | 5.2 | 3.45 | S1P | |||
Including | 380.5 | 381.7 | 1.2 | 11.85 | S1P | ||
392.7 | 393.7 | 1.0 | 1.95 | TX | |||
399.5 | 401.0 | 1.5 | 4.85 | V3-N | |||
407.0 | 408.2 | 1.2 | 6.93 | V3-N | |||
OB-24-332 | Trend #1 | 322.8 | 324.3 | 1.5 | 1.06 | V3-S | |
339.4 | 351.0 | 11.6 | 1.07 | POR-S/V3-CEN | |||
361.0 | 362.5 | 1.5 | 3.92 | S1P | |||
369.9 | 375.3 | 5.4 | 16.21 | S1P | |||
Including | 370.9 | 373.3 | 2.4 | 32.25 | S1P | ||
394.5 | 398.0 | 3.5 | 2.75 | V3-N | |||
404.8 | 410.1 | 5.3 | 4.18 | V3-N | |||
Including | 409.1 | 410.1 | 1.0 | 10.10 | V3-N | ||
421.5 | 425.5 | 4.0 | 1.47 | S3P | |||
OB-24-333 | Trend #2 | 189.5 | 190.5 | 1.0 | 62.00 | V3-S | |
205.7 | 207.0 | 1.3 | 1.01 | V3-S | |||
236.3 | 241.7 | 5.4 | 2.63 | POR-N | |||
248.1 | 249.1 | 1.0 | 1.10 | S3P | |||
259.0 | 260.5 | 1.5 | 1.08 | VB3-N |
Table 3: Drill Hole Collar Information for Holes contained in this News Release
DDH | Zone | Easting | Northing | Azimuth | Dip | Hole Length (m) |
OB-24-323 | Trend #0 | 693953 | 5345212 | 335 | -79 | 1014 |
OB-24-324W1 | Trend #1 | 694209 | 5345402 | 9 | -64 | 290 |
OB-24-324W2 | Trend #1 | 694202 | 5345348 | 7 | -65 | 147 |
OB-24-325 | Trend #1 | 693972 | 5345444 | 357 | -54 | 282 |
OB-24-326 | Trend #1 | 693972 | 5345444 | 350 | -50 | 281 |
OB-24-329 | Trend #1 | 693875 | 5345432 | 357 | -60 | 366 |
OB-24-330 | Trend #1 | 694106 | 5345451 | 0 | -67 | 357 |
OB-24-331 | Trend #1 | 694106 | 5345409 | 0 | -67 | 438 |
OB-24-332 | Trend #1 | 694105 | 5345410 | 354 | -69 | 435 |
OB-24-333 | Trend #2 | 694348 | 5345457 | 353 | -58 | 285 |
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, Québec. 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.
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FAQ
What were the key gold intersections reported by Radisson Mining (RMRDF) in October 2024?
What is the current resource estimate for Radisson's O'Brien Gold Project?