Radisson shares up on 371 g/t Au drilled at the O'Brien project
|Historic O'Brien mine. Image credit: Radisson.|
(Kitco News) - Radisson Mining Resources (TSX-V: RDS, OTC: RMRDF) announced today significant high-grade gold intercepts from the ongoing 60,000 m exploration drill program at its O’Brien gold project in Quebec, Canada.
Hole OB-20-167 returned 110.97 g/t Au over 2.50 m core length (vertical depth of 600 m) including separate intervals of 16.40 g/t over 1.00 m and 371.00 g/t over 0.70 m, and within a broader mineralized interval.
Drill results highlight the potential for resource growth to the east in the first mineralized trend (300 m east of the old O’Brien mine) near the lower boundary of current resources.
CEO Mario Bouchard stated: “We are very pleased with results from our ongoing drill program that continue to validate our litho-structural model and highlight the significant resource upside at O’Brien. Our work program so far has been focused within a 1 km along strike to the east of the historic O’Brien mine. We believe there is significantly more upside to be unlocked as we systematically step out to drill test more than the 5 km of strike length that we control along the prolific Cadillac Break.”
Radisson shares were up 8.96% today.
Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the last 100 years. 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; Kenneth Williamson 3DGeo-Solution, July 2019).