Radisson Mining Resources Inc.
TSX VENTURE : RDS

Radisson Mining Resources Inc.

June 01, 2016 08:00 ET

Radisson Intersects 17.57 g/t Au Over 1.36m at a Vertical Depth of 503 Metres in Extension of Current Mineral Resources of the O'Brien Project

ROUYN-NORANDA, QUEBEC--(Marketwired - June 1, 2016) -

Note to editors: There are two graphs and one photo associated with this press release.

Radisson Mining Resources Inc. (TSX VENTURE:RDS) ("Radisson") is pleased to announce assay results from last two holes of first phase (Figure 1) of its 6,200 metres drill program at the O'Brien gold project located in the heart of the Bousquet-Cadillac mining camp along the Abitibi Greenstone Belt.

• Drill hole 16-5 (OSP4-4) intersected 17.57 g/t Au over 1.36m (Including 44.20 g/t Au over 0.53m) with presence of visible gold. (See picture)

• Drill hole 16-5 (OSP4-4) also intersected 10.94 g/t Au over 0.60m in the Pontiac Group sedimentary rocks (Figure 2).

• During second week of June a drill rig will be mobilized at the O'Brien gold project to complete an additional 3,400 metres of drilling.

Radisson's President Mario Bouchard adds: " The team is delighted with the results obtained in extension of ore shoots within current mineral resources for this first phase of the drill program. The presence of high-grade mineralisation within volcanic rocks of the Piché Group underlines the potential to increase resources in this area. The new high-grade intersections in Pontiac Group sedimentary rocks came as a surprise. In future works, we will give particular attention to sediments were we denote strong exploration potential that was not explored by the past. In parallel with drill program underway, we will revisit historical drill holes that intersected Pontiac Group Sedimentary rocks to obtain assays results and define additional targets. With only 2,773m of drilling the corporation intersected an impressive number of high-grade intersections. These results reveal in part the jewel that the corporation owns at 100%. We are excited to carry on exploration work and feel that they will generate plus-value for our shareholders".

44.20 g/t Au intersection is located within chlorite-carbonate schist characterized by the presence of sheared zone sometimes faulted. This schist is located within the Piché Group, more precisely within Southern volcanic rocks. Visible gold was observed in fine quartz veinlets with thickness smaller than five centimeter.

Current drilling program targets extension of known ore shoots within current mineral resources of the O'Brien project located within the Piché Group rocks (43-101 Technical Report, InnovExplo, April 2015). Up to date, six drill holes were completed for a total of 2,773m. (See figure 1)

Results over 1 g/t Au within in Piché Group current mineral resources area

Drill Hole From To Core length Grade
(m) (m) (m) (g/t Au)
16-6 OSP4-3 426.40 426.90 0.50 1.42
16-6 OSP4-3 426.90 427.90 1.00 2.30
16-6 OSP4-3 510.30 511.40 1.10 1.16
16-6 OSP4-3 524.30 525.30 1.00 1.23
16-6 OSP4-3 526.00 526.80 0.80 3.90
16-6 OSP4-3 542.20 543.20 1.00 1.26
16-6 OSP4-3 555.50 556.00 0.50 1.43
16-5 OSP4-4 501.18 502.18 1.00 4.98
16-5 OSP4-4 522.47 523.83 1.36 17.57
Including 522.47 523.00 0.53 44.20
16-5 OSP4-4 557.61 558.73 1.12 1.27
16-5 OSP4-4 569.13 569.83 0.70 1.40
16-5 OSP4-4 569.83 570.58 0.75 4.30
16-5 OSP4-4 585.22 586.22 1.00 1.28
16-5 OSP4-4 594.30 595.00 0.70 1.34
16-5 OSP4-4 596.95 597.69 0.74 1.93
16-5 OSP4-4 598.55 599.62 1.07 1.59
16-5 OSP4-4 601.96 605.50 3.54 2.25
Including 601.96 602.60 0.64 3.50
and 604.32 605.50 1.18 4.69
Note: No true thickness is available

Before reaching their target, all drill holes must cross Pontiac Group sedimentary rocks located south and outside current resource area.

The Pontiac Group sedimentary lithologies consist mainly of greywacke in interdigitation with argilite. Gold mineralization is associated with veinlets and veins systems, millimetric to decimetric sized, composed of quartz-carbonate, with or without albite-chlorite-biotite, sometimes associated to disseminated arsenopyrite, and sometimes, in close proximity to pyrite, pyrrhotite and pentlandite. Gold mineralization also occurs in association with graphitic (pyrite-pyrrhotite) fault zone. Those system of veins and veinlets intersected occurs in sheared, faulted and folded zones.

Results over 1 g/t Au in Pontiac Group sedimentary rocks

Drill hole From To Core length Grade
(m) (m) (m) (g/t Au)
16-6 OSP4-3 292.60 293.10 0.50 1.06
16-6 OSP4-3 305.70 306.20 0.50 1.91
16-6 OSP4-3 333.90 335.90 2.00 4.33
Including 333.90 334.90 1.00 6.21
16-6 OSP4-3 362.00 363.00 1.00 1.95
16-5 OSP4-4 356.45 357.05 0.60 10.94
16-5 OSP4-4 380.24 380.74 0.50 0.30
Note: No true thickness is available

All drill cores in this campaign are NQ in size. Analyses 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 Techni-Lab Actlabs in Ste-Germaine-Boulé in Abitibi, 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. Assays containing visible gold and yielding a grade higher than 3 g/t were reanalyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control (QA/QC) program.

Shareholder's annual general meeting

The corporation will hold it's shareholder's annual meeting in Rouyn-Noranda on June 3. The meeting will be held at the Best Western in the Raglan Room at 10 am. Radisson invites all shareholders to come to this meeting where it will present most recent corporate developments.

Qualified Person

Bruno Turcotte, Geo., M.Sc., acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.

About Radisson Mining Resources Inc.

Radisson is a Quebec-based mineral exploration company. The O'Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson's flagship asset. The project hosts the former O'Brien Mine, considered to have been the Abitibi Greenstone Belt's highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, April 2015).

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For more information on Radisson, visit our website at www.radissonmining.com.

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 release.

Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Radisson's disclosure documents on the SEDAR website at www.sedar.com.

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