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Radisson Intersects 20.2 G/T Gold Over 2.5 Metres in a New Zone Located 125 Metres West of Current Resource
Dec. 05, 2016 07:54AM PST
Gold InvestingRadisson Mining Resources Inc. (TSXV: RDS) (“Radisson”) is pleased to announce gold assay results from the first two holes of the 10,000 metres drill program underway at the O’Brien gold project along the Abitibi Greenstone Belt, Quebec. In 2016, mineralization within the Piché volcanic Group was intersected on a span of 1.4 km along strike from the former O’Brien mine. To date 7 holes were completed for a total of 3,727 m since the start of the drill program announced in October. Assays pending from this additional drilling will be published in due course of business.
Rouyn-Noranda, Quebec, December 5, 2016: Radisson Mining Resources Inc. (TSXV: RDS) (“Radisson”) is pleased to announce gold assay results from the first two holes of the 10,000 metres drill program underway at the O’Brien gold project along the Abitibi Greenstone Belt, Quebec. In 2016, mineralization within the Piché volcanic Group was intersected on a span of 1.4 km along strike from the former O’Brien mine. To date 7 holes were completed for a total of 3,727 m since the start of the drill program announced in October. Assays pending from this additional drilling will be published in due course of business.
- Drill hole OB-16-14 intersected 20.2 g/t Au over 2.5 m (Including 97.3 g/t Au over 0.5 m) at a depth of 355 metres in lateral extension of historic “F zone” between the old O’Brien mine and current resource. This hole intersected visible gold in the targeted structure (See Picture) and was drilled 125 metres west of 36E area and 50 metres in lateral extension of “F Zone” (See figure 1).
- Drill hole OB-16-13 intersected 10 g/t Au over 1.5 m at a depth of 309 m in the Pontiac Group sedimentary package south of current mineral resources. This hole was completed in ore shoots extension of Kewagama area (See figure 2).
Mario Bouchard, President and CEO commented: “The exploration drill program at the O’Brien gold project continues to deliver high-grade gold intersections in targeted areas as well as in the Pontiac Group sedimentary package which is a pleasant surprise. This supports our approach of extending the mineralization both laterally and at shallow depth to expand the resource. Moreover, 13 of the 14 holes published in 2016 have intersected targeted mineralization. Considering a hit ratio above 90% on this high-grade gold project, we are delighted with the results obtained through the drill bit in 2016. To this extent, a new drill hole targeting vertical extension, 50 m closer to surface, of newly identified ore shoot in hole OB-16-14 is planned before year-end”.
