The Conversation (0)
Radisson Mining Resources (TSXV:RDS) announced an updated NI 43-101 compliant resource estimate on its O’Brien gold project in Quebec: a total of 119,819 ounces gold in the indicated category (13% increase), and a total of 188,466 ounces gold in the inferred category (181% increase). The increase is due to the addition of the 36E and Kewagama area to the current mineral resources estimate – more than 41,000m of drilling was conducted and incorporated into the resource estimate.
Radisson also released a 3D block model of the O’Brien project, which was completed by InnovExplo.
As quoted in the press release:
More than 41,000 metres of drilling conducted on the Kewagama area were compiled and incorporated to the current mineral resources estimate. Then, as of today, the Old O’Brien, the 36E and Kewagama areas will all be part of what we’ll call the « O’Brien project ».
In this regard, Radisson will begin data compilation and interpretation of the Old O’Brien area, home of 110,786 historic gold ounces. These “resources” are historical in nature and should not be relied upon. It is unlikely they conform to current NI 43-101 criteria or to CIM Standards and Definitions, and they have not been verified to determine their relevance or reliability. They are included in this section for illustrative purposes only and should not be disclosed out of context. The purpose of the future work, for this additional area, will be to complete a mineral resources estimate in compliance with National Instrument 43-101.
Radisson’s team is pleased with the O’Brien project 3D block model delivered by InnovExplo. The 3D model will be useful to identify many exploration targets in order to expand the resources with additional drilling (Figure 2).
Radisson Mining President, Mario Bouchard, said:
The Kewagama area integration to the O’Brien project is in line with our corporate strategy to develop and enhance our main asset. The management is confident to move forward with the project to create economic benefits, collective wealth and added value for our shareholders in a sustainable manner.
Click here to read the Radisson Mining Resources (TSXV:RDS) press release
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