Radisson Mining Resources Inc.
TSX VENTURE : RDS

Radisson Mining Resources Inc.

December 05, 2016 08:30 ET

Radisson Intersects 20.2 G/T Gold Over 2.5 Metres in a New Zone Located 125 Metres West of Current Resource

ROUYN-NORANDA, QUEBEC--(Marketwired - Dec. 5, 2016) - Radisson Mining Resources Inc. (TSX VENTURE: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".

Results summary at the O'Brien project

Hole From
(m)
To
(m)
Length
(m)
Grade
Au / t
Interpreted zone Comment
OB-16-14 353.0 355.5 2.5 20.2 PICHE CONGLOMERATE
Including 355.0 355.5 0.5 97.3 PICHE CONGLOMERATE VG
OB-16-14 393.0 396.0 3.0 6.3 PICHE VOLCANIC
Including 393.5 394.0 0.5 3.3 PICHE VOLCANIC VG
Including 394.0 395.0 1.0 5.9 PICHE VOLCANIC
Including 395.0 396.0 1.0 10.1 PICHE VOLCANIC
OB-16-13 309.5 311.0 1.5 10.0 PONTIAC GROUP
OB-16-13 429.4 432.6 3.2 3.0 PICHE VOLCANIC
OB-16-13 524.0 525.0 1.0 4.7 PICHE CONGLOMERATE

Note; Results are presented downhole width; true width is estimated between 55 to 70% of downhole width.

All drill core in this campaign is NQ in size. Analyses were completed 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 5 g/t were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Assays containing visible gold 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.

Qualified Person

Tony Brisson, Geo., independent consultant, 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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