Radisson Mining Resources Inc.

Radisson Mining Resources Inc.

January 19, 2007 08:55 ET

Radisson's Intersects High Grade Gold in the 36 E Zone on the O'Brien and Kewagama Project

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Jan. 19, 2007) - Radisson Mining Resources Inc. (TSX VENTURE:RDS) is pleased to announce the results of the 2006 drill program on the 36 E Zone of the O'Brien / Kewagama project located immediately west of the Wood / Pandora property of Globex / Queenston and 6 km west of the Agnico-Eagle-Lapa deposit.

Five diamond drill holes were completed on the 36 E Zone, the objective of these holes was to test the eastern extension of the 36 E Zone between line 43E (eastern limit of the 36 E Zone) and line 51E. The second objective was to test a high grade gold zone within the #2 vein of the 36 E Zone on section 43E. In 1998, prior to National Instrument 43-101, Roscoe Postle & Associates (now Scott Wilson RPA) calculated a drill indicated gold resource of 383,500 tons averaging 0.422 oz/t (uncut) and 0.288 oz/t (cut to 2 oz/t Au) on the 36 E Zone.

The following table summarizes the results of the Radisson's 2006 diamond drilling program on the 36 E Zone,

O'Brien / Kewagama Project
2006 Diamond drilling program - 36 E Zone significant results

Hole Line. From To Au Length Au Length Remarks
Number (E) (ft) (ft) (oz/t) (ft) (g/t) (m)
KW06-12 51+00 1,033.2 1,184.1 0.03 150.9 1.0 46.0 36 E Zone
Incl. 1,038.2 1,042.0 0.19 3.8 6.6 1.2
1,168.0 1,173.0 0.14 5.0 4.9 1.5
1,258.0 1,263.2 0.13 5.2 4.4 1.6 36 E Zone,
#2 Vein,
900 ft
KW06-14 49+00 1,396.5 1,401.5 0.05 5.0 1.7 1.5 36 E Zone,
#2 Vein,
1,050 ft
KW06-16 47+00 1,453.5 1,456.1 0.60 2.6 20.7 0.8 36 E Zone,
#2 Vein,
1,025 ft
depth VG
OB06-17 43+00 1,175.6 1,179.6 0.42 4.0 14.3 1.2 36 E Zone,
#2 Vein,
850 ft
OB06-18 43+00 1,353.4 1,361.2 1.47 7.8 50.3 2.4 36 E Zone,
#2 Vein,
1,075 ft

Hole KW06-12, drilled on line 51 E, intersected a zone of gold mineralization that grades 0.03 oz/t over 150.9 ft (1.0 g/t over 46.0 m). Within this large intersection, higher gold values such as 0.19 oz/t over 3.8 ft (6.6 g/t over 1.2 m) and 0.14 oz/t over 5.0 ft (4.9 g/t over 1.5 m) were encountered .The #2 vein was also intersected and grades 0.13 oz/t Au over 5.2 ft (4.4 g/t Au over 1.6 m).

Hole KW06-14 and KW06-16, respectively drilled on section 49E and 47E, intersected the #2 vein of the 36 E Zone and gold values of 0.05 oz/t over 5.0 ft (1.7 g/t over 1.5 m) and 0.60 oz/t over 2.6 ft (20.7 g/t over 0.8 m) were obtained.

Holes OB06-17 and OB06-18 were drilled on section 43E and have as objective to test the #2 vein between a depth of 800 ft and 1,100 ft. The vein was intersected in both holes, the gold values are respectively of 0.42 oz/t over 4.0 ft (14.3 g/t over 1.2 m) and 1.47 oz/t over 7.8 ft (50.3 g/t over 2.4 m). These holes also intersected the North Zone (see press release of November 2, 2006) and return gold values of 0.23 oz/t over 2.2 ft a(7.9 g/t over 0.7 m) and 0.13 oz/t over 4.0 ft (4.5 g/t over 1.6 m).

Radisson considers these results very encouraging in that they confirm:

- A zone of high grade gold mineralization within the #2 vein on line 43E, between 800 and 1,100 feet depth, this zone is open both to east and at depth;

- The presence of significant gold mineralization between line 43E and 51E (over 800 ft), outside the known gold resource, increase the potential of defining additional gold resource in this area;

- The North Zone extends from line 43E to line 53E and confirm the potential for additional gold mineralization north of the Cadillac Break.

The Radisson O'Brien/Kewagama exploration program is supervised by Raynald Vincent, MGP, P. Eng., Consultant and Qualified Person as per National Requirement 43-101 Policy.

All drill cores are NQ in size and assays were done on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with AA finish at Expert Laboratory Inc. in Rouyn-Noranda, Quebec. Samples yielding a grade higher than 1 g/t were analyzed a second time by fire assay with gravimetric finish at the same laboratory. In addition of the standard quality control of the laboratory, a commercial standard sample and a blank sample are inserted in every shipment of 20 samples (or less) for quality control purpose. The blank samples are used to detect contamination at the laboratory while the commercial standards are used to test precision and reproducibility of results. They will represent approximately 10% of the total samples assayed.

As previously announced in the press release of November 2, 2006, Radisson will conduct an IP survey to cover the O'Brien / Kewagama project. In preparation of this survey, the line cutting is in progress and geophysical crew should be mobilized on the property in February.

About Radisson

Radisson is a Quebec-based mining exploration company focused on the discovery of gold, molybdenum and base metal deposits. It has interests in nine properties in North-Western Quebec and five properties in North-Western Ontario.

The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of the press release.

Contact Information

  • Radisson Mining Resources Inc.
    Donald Lacasse
    President and Chief Executive Officer
    Radisson Mining Resources Inc.
    Gus Garisto
    Investor relations