Radisson Mining Resources Inc. [RDS-TSXV] on Monday November 19 reported impressive high-grade assay results from drilling at its O’Brien gold project, located along the Larder-Lake-Cadillac Break, about half way between Rouyn-Noranda and Val d’Or, Quebec.
Highlights include drill hole OB-18-84 that intersected 37.52 g/t gold over 12.20 metres on the 36E zone, 180 metres below and in trend with a projected bulk sample area.
Radisson said the newly reported intercepts occurred in an area of the 36E Zone where the company had previously reported high-grade gold intersections. They include drill hole OB-17-24, which returned 3 g/t gold over 5.3 metres at a depth of 556.7 metres.
Radisson is a Quebec-based exploration company focused on the 100%-owned O’Brien Project. It is located in the Bousquet-Cadillac Mining Camp along the world-renowned Larder-Lake-Cadillac Break.
The Bousquet-Cadillac Mining Camp has produced over 21 million ounces of gold during the past century. The O’Brien Project is Radisson’s flagship asset.
It is favourably situated within 75 km of five processing plants that could potentially be used for custom milling purposes.
The property hosts the former O’Brien Mine, which Radisson said is considered to be the Abitibi Greenstone Belt’s highest-grade gold producer during its production years between 1926 and 1957. It yielded 587,121 ounces of gold.
In a press release on October 20, 2018, the company announced a 95% increase in the O’Brien indicated resources, which now stand at 233,491 ounces of gold, grading 6.45 g/t gold. That’s up from an earlier estimate of 119,819 ounces.
Following that resource update, the company elected to expand its ongoing drill program to 11,000 metres, from the originally planned 6,000 metres.
Having recently raised $1.41 million in a financing announced on August 28, 2018, the company said it is fully funded to complete the remaining 5,000 metres of the 11,000-metre program that was started this year.
“We’re excited by these exceptionally high-grade gold intercepts, which occurred 180 metres below the projected bulk sample area in the 36E Zone,” said Radisson President and CEO Mario Bouchard.
“These results demonstrate the strong mineralized continuity of the enrichment vector defined with our 3D model in the heart of the O’Brien deposit,” he said.
“This high-grade mineralization, in association with biotite, very dark smoky quartz and sulphides is a classical signature of these so-called ‘jewellry boxes’ that were found in the old O’Brien Mine at the time of production. We remain focused on unlocking O’Brien’s full value, which remains open laterally and at depth in the F Zone, and below 550 metres depth in the 36E area.”