Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres

Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce additional drill assay results from its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec.

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."

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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:
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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

DDHZone
From (m) To (m) Core Length (m)Au g/t - UncutHost Lithology
OB-24-327Trend # 1
225.9 230.0 4.110.32 V3-S
Including 228.5 230.0 1.518.30 V3-S

295.9 296.9 1.04.27 V3-CEN
OB-24-334Trend # 2
296.5 300.6 4.13.63 V3-S

320.7 322.7 2.06.69 V3-S/POR-S
OB-24-335Trend # 2
339.2 345.7 6.54.28 V3-S
Including 340.7 343.2 2.57.93 V3-S

413.5 415.6 2.14.34 V3-N
OB-24-339Trend # 1
437.0 438.3 1.310.05 POR-S

533.1 534.1 1.03.84 V3-N

536.9 537.9 1.05.80V3-N
OB-24-340Trend # 3
304.1 305.6 1.56.80 PON-S3
OB-24-341Trend # 1
541.7 543.0 1.36.50 S3P
OB-24-342Trend # 3
325.3 326.3 1.03.67 V3-S
OB-24-344Trend # 1
313.0 314.0 1.04.19 S1P
OB-24-345Trend # 1
569.0 570.0 1.03.84 TX
OB-24-350Trend # 1
20.5 21.5 1.046.40 V3-S

94.4 96.6 2.33.71 V3-N
OB-24-351Trend # 1
158.0 159.0 1.03.92 S1P

183.5 186.4 2.99.89 TX
Including 185.0 186.4 1.417.90 TX

190.3 191.0 0.74.22 V3-N
OB-24-358Trend # 3
353.9 355.2 1.35.08 V3-S

386.0 387.0 1.05.26 V3-S

417.9 432.9 15.08.36 POR-N/V3-N
Including 417.9 418.9 1.041.10 POR-N
Including 430.9 431.9 1.056.00 V3-N

456.5 458.0 1.53.92 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$1600 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off, representing the lower limit of cut-off sensitivity presented in the March 2023 MRE. This methodology differs from previous Radisson disclosure, and intercepts reported in this release may not be directly comparable to historical published intercepts. Sample grades are uncapped. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O'Brien are developed. Drill holes OB-24-328, OB-24-336, OB-24-338, OB-24-343 and OB-24-348 did not return any intercepts averaging above 3.00 g/t Au. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder Lake-Cadillac Fault Zone
 

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Figure 2: Cross Section of Trend 1 including drill holes OB-24-327, 339, 350 & 351.

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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")

DDHZone
From (m) To (m) Core Length (m)Au g/t - UncutHost Lithology
OB-24-327Trend # 1
225.9 230.0 4.110.32V3-S
Including 228.5 230.0 1.518.30V3-S

256.0 257.0 1.01.99V3-S

295.9 296.9 1.04.27V3-CEN
OB-24-328Trend # 1
327.1 330.1 3.01.31S3P
OB-24-334Trend # 2
296.5 300.6 4.13.63V3-S

320.7 322.7 2.06.69V3-S/POR-S

356.5 357.8 1.31.09POR_N
OB-24-335Trend # 2
200.5 202.0 1.51.01PON-S3

264.0 265.5 1.51.31PON-S3

339.2 345.7 6.54.28V3-S
Including 340.7 343.2 2.57.93V3-S

360.1 361.6 1.52.06V3-S

373.0 374.0 1.01.19POR-S

394.6 406.1 11.51.09POR-N/TX

409.1 410.6 1.51.41V3-N

413.5 415.6 2.14.34V3-N
OB-24-336Trend # 2
200.0 201.1 1.11.06PON-S3

354.6 355.9 1.31.40POR-S

388.3 389.4 1.11.45TX

390.5 391.8 1.31.09V3-N
OB-24-338Trend # 1
456.7 463.5 6.81.37POR-N/TX

480.0 484.6 4.61.68V3-N
OB-24-339Trend # 1
412.4 415.1 2.71.88V3-S

430.1 431.1 1.01.55V3-S

437.0 438.3 1.310.05POR-S

471.7 473.0 1.32.29S1P

521.3 522.6 1.32.47V3-N

531.5 539.0 7.52.28V3-N
Including 533.1 534.1 1.03.84V3-N
Including 536.9 537.9 1.05.80V3-N
OB-24-340Trend # 3
302.1 303.1 1.01.12PON-S3

304.1 305.6 1.56.80PON-S3

397.0 400.8 3.81.03V3-S

409.4 410.9 1.51.60V3-S

469.2 470.4 1.31.19POR-S

491.8 493.6 1.81.67V3-N
OB-24-341Trend # 1
393.3 398.0 4.71.03V3-S

423.0 424.0 1.01.50POR-S

457.4 458.9 1.51.52S1P

472.3 475.3 3.01.33S1P

483.7 484.7 1.01.25POR-N

541.7 543.0 1.36.50S3P
OB-24-342Trend # 3
325.3 326.3 1.03.67V3-S

332.0 333.1 1.11.42V3-S

341.0 342.0 1.02.81POR-S

349.0 350.1 1.12.75V3-CEN

366.2 367.3 1.11.49POR-N
OB-24-343Trend # 3
135.5 137.0 1.52.93PON-S3

489.2 491.3 2.12.29V3-C/S1P
OB-24-344Trend # 1
195.0 196.5 1.51.24PON-S3

224.5 225.8 1.31.11V3-S

241.6 244.2 2.62.20V3-S

299.5 300.4 0.91.14S1P

311.0 314.0 3.02.03S1P
Including 313.0 314.0 1.04.19S1P

322.8 323.8 1.01.25POR-N

356.5 358.0 1.51.28S3P
OB-24-345Trend # 1
227.0 228.0 1.01.04PON-S3

250.5 251.7 1.22.53PON-S3

493.5 494.5 1.01.57POR-S

512.0 513.0 1.01.67S1P

536.5 538.0 1.51.02S1P

566.0 571.5 5.51.72TX
Including 569.0 570.0 1.03.84TX

584.9 586.4 1.51.77S3P

589.4 591.5 2.11.27S3P
OB-24-348Trend # 2
314.5 315.5 1.01.60S1P

332.8 334.1 1.31.55POR-N

344.0 345.0 3.81.08V3-N
OB-24-350Trend # 1
20.5 21.5 1.046.40V3-S

65.0 66.0 1.01.38S1P

71.5 73.5 2.01.26S1P

90.2 91.1 0.91.94POR-N

94.4 96.6 2.33.71V3-N
OB-24-351Trend # 1
139.1 141.9 2.81.12POR-S

158.0 159.0 1.03.92S1P

183.5 186.4 2.99.89TX
Including 185.0 186.4 1.417.90TX

190.3 191.0 0.74.22V3-N
OB-24-358Trend # 3
318.0 319.0 1.02.09PON-S3

322.0 323.0 1.01.17PON-S3

353.9 355.2 1.35.08V3-S

386.0 387.0 1.05.26V3-S

401.4 402.4 1.01.76POR-S

417.9 432.9 15.08.36POR-N/V3-N
Including 417.9 418.9 1.041.10POR-N
Including 430.9 431.9 1.056.00V3-N

447.0 448.0 1.01.68S3P

456.5 458.0 1.53.92ZFLLC

 

Table 3: Drill Hole Collar Information for Holes contained in this News Release.

DDHZoneEastingNorthingAzimuthDipHole Length (m)
OB-24-327Trend # 16939745345444358-57321
OB-24-328Trend # 16938775345431355-57339
OB-24-334Trend # 26943525345390353-63396
OB-24-335Trend # 26943525345390355-67438
OB-24-336Trend # 26942815345388358-64417
OB-24-338Trend # 16939535345403357-74498
OB-24-339Trend # 1693953534540314-72549
OB-24-340Trend # 36945905345442342-75506
OB-24-341Trend # 169387553454326-74563
OB-24-342Trend # 36945215345405358-63405
OB-24-343Trend # 36944965345361353-71537
OB-24-344Trend # 16938755345432349-60372
OB-24-345Trend # 16941055345410349-76608
OB-24-348Trend # 2694106534540911-59384
OB-24-350Trend # 16939885345557356-49120
OB-24-351Trend # 16939705345508355-47191
OB-24-358Trend # 36946665345348349-60460

 

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 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O'Brien Mine, considered to have been Québec's highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 "Technical Report on the O'Brien Project, Northwestern Québec, Canada" effective March 2, 2023, Radisson's Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O'Brien Gold Project.

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

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www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither 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.

SOURCE 1911 Gold Corporation

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