Latest news with #RadissonMiningResourcesInc
Yahoo
21-05-2025
- Business
- Yahoo
Radisson Expands Drill Program at O'Brien Gold Project and Outlines Drilling Priorities
Rouyn-Noranda, Quebec--(Newsfile Corp. - May 21, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce an expansion and extension of its current drill exploration program at its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec. This program expansion follows the recent completion of Radisson's successful C$12 million financing and ongoing drilling that is demonstrating significant gold mineralization below the historic mine workings and the Project's current Mineral Resources. Exploration priorities will be as follows: An additional 30,000 to 40,000 metres of drilling. Approximately 18,000 metres of the new drilling will be completed in 2025 on top of the already budgeted 22,000-metre 2025 program. The balance of the new drilling will be completed in 2026. A fourth rig will be added to the Project in June; Expansion of the successful strategy of drilling beneath the historic O'Brien mine and the East O'Brien area of new Mineral Resources, to a depth of up to 2 kilometres (Figure 1); Continuance of the successful strategy of pilot holes and multiple wedges to give clusters of intercepts within the favourable Piché formation with an objective of achieving a drill-hole density appropriate, at a minimum, for a future Inferred Mineral Resource; Stepping back and looking at broader exploration opportunities, including separate deep exploratory holes beneath the historic Thompson-Cadillac mine located west of the O'Brien mine. This will be the first drilling conducted at Thompson-Cadillac since 2020 and its first deep drilling ever. Matt Manson, President & CEO, commented: "Since late last year, we have been achieving consistent success with our "proof-of-concept" strategy of drilling below the existing Mineral Resources at the O'Brien Gold Project with large step-outs. In particular, we are excited by what is developing with our drilling below the historic O'Brien mine workings, where multiple drill-holes have intersected high-grade gold within a large zone of multiple veins with good continuity. In Figure 2 we highlight the amount of coarse visible gold currently being logged in this drilling, both within holes with published assay results and those for which assay results are still pending. At this moment, we are in the process of greatly increasing the known scope of gold mineralization at O'Brien with each new hole. We believe an exploration target of between 3 and 4 million ounces is a reasonable objective for the Project should the style of mineralization we are seeing continue to our exploration horizon of 2,000 metres depth." Matt Manson continued: "Consequently, we are announcing today a considerably expanded effort to target these new areas of mineralization with additional deep drilling. In this news release we provide a discussion of the techniques we are using: pilot holes, wedges and directional drilling; and we provide a discussion of the context of our exploration: that O'Brien should not be considered a bespoke curiosity with impressive but localised high-grade gold, but is instead a broader system of mineralization with significant scale potential." Figure 1: The O'Brien Gold Project, from Thompson-Cadillac/West O'Brien in the west through the O'Brien Mine to East O'Brien in long section and plan view, with current Mineral Resources. To view an enhanced version of this graphic, please visit: Drilling Context: O'Brien Mineral Resources, Cut-offs and Future Mineral Resources The 2023 NI 43-101 compliant Mineral Resource Estimate ("MRE") for the O'Brien Gold Project ("Technical Report on the O'Brien Project, Northwestern Québec, Canada" effective March 2, 2023) comprises 0.50 million ounces of Indicated Mineral Resources (1.52 million tonnes at 10.26 g/t Au), and 0.45 million ounces of Inferred Mineral Resources (1.60 million tonnes at 8.66 g/t Au). This estimate utilizes a 4.5 g/t Au bottom cut-off, at US$1,600 per oz Au with a C$:US$ exchange of 1.25, and 85% metallurgical recovery, amongst other assumptions. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Historic production at the O'Brien Mine between 1926 and 1957 is estimated at 0.59 million ounces from 1.2 million tonnes at 15.25 g/t Au. Figure 2: Pilot hole and wedge clusters in the O'Brien Mine and East O'Brien Areas in the west to and Trend #3 in East O'Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending. To view an enhanced version of this graphic, please visit: In Radisson's view, both the 2023 MRE and the historic mining represent "high-graded" estimates of actual gold content in their respective volumes. In the March 2023 Technical Report for the MRE, sensitivity estimates based on alternate cut-off grades were presented. Using a 3.0 g/t Au cut-off, the Indicated Mineral Resources sensitivity was 0.58 million ounces (2.12 million tonnes at 8.46 g/t Au) and the Inferred Mineral Resource sensitivity was 0.68 million ounces (3.67 million tonnes at 5.79 g/t Au), increases of 15% and 53% respectively in contained ounces over the MRE at a 4.5 g/t Au cut-off grade. Radisson believes that the O'Brien Project should be evaluated on the basis of a lower cut-off grade, yielding more ounces in more tonnes with greater continuity at lower average grades. Radisson's disclosure of drill results since 2024 has been based on an assumed cut-off grade of 3 g/t Au for intercepts with mineral resource potential, and Figures 1 and 2 graphically illustrate the MRE at multiple cut-offs including 3 g/t Au. With this view, and given the recent successful drilling below the current MRE and the historic mine, Radisson believes the exploration potential of the Project is between 3 and 4 million ounces should the current density of gold mineralization, in ounces per vertical metre, continue to a nominal exploration horizon of 2,000 metres depth. By the end of the current program, Radisson will have completed an additional 80,000-90,000 metres of new drilling since the publication of the 2023 MRE. At this time the Company will assess the completion of an updated Mineral Resource estimate. To this end, current and future drilling will be designed to attain a drill-hole density appropriate, at a minimum, to an Inferred Mineral Resource. Drilling Approach: Deep Pilot Hole + Wedge Drilling in O'Brien's Core Area Radisson's deep drilling program employs a cost-effective and time-efficient strategy that leverages both wedge and directional drilling to generate multiple branches intersecting the prospective Piché Group formation. A full-time directional drilling team is integrated with contract drillers, enhancing precision in targeting and increasing operational flexibility. Drill-hole trajectories are monitored daily to ensure accurate deviation and allow for real-time adjustments. This system provides significant optionality for subsequent branches, enabling Radisson to adapt targets without compromising the integrity of the pilot hole for future exploration. The O'Brien project has long been known for its occurrence of coarse gold. To address the challenges this presents in sample representativity, where for example, conventional fire assay may under-report grade by missing so-called "nuggets", Radisson has implemented a screen metallics assay method in intervals containing or proximal to visible gold. As part of ongoing efforts to improve assay reliability and scalability, the Company will soon begin testing PhotonAssay technology. This next-generation technique offers a more advanced and comprehensive solution to the coarse gold challenge by enabling rapid, non-destructive analysis of larger sample volumes. Qualified Person Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O'Brien Gold Project. About Radisson Mining Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O'Brien Mine, considered to have been Québec's highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 "Technical Report on the O'Brien Project, Northwestern Québec, Canada" effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at for further details and assumptions relating to the O'Brien Gold Project. For more information on Radisson, visit our website at or contact: Matt MansonPresident and CEO416.618.5885mmanson@ Kristina PillonManager, Investor Relations604.908.1695kpillon@ Forward-Looking Statements This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the closing of the Offering, the planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company's ability to grow the O'Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O'Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release. 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-04-2025
- Business
- Yahoo
Radisson Announces Fully Subscribed C$7 Million Private Placement
Rouyn-Noranda, Quebec--(Newsfile Corp. - April 22, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (FSE: 2RX) ("Radisson" or the "Company") is pleased to announce that it intends to raise C$7 Million in a non-brokered private placement (the "Offering"), with the proceeds directed towards advancing the exploration and development of the Company's O'Brien Gold Project located in the Abitibi region of Québec and for general corporate purposes. The Offering will include the sale of the following securities (collectively, the "Securities"): Class A common shares of the Company (the "FT Shares") which shall each qualify as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada) ("ITA") and section 359.1 of the Taxation Act (Québec) (the "Québec Tax Act"), at a price of C$0.34 per FT Share; and, Class A common shares of the Company ("Common Shares") at a price of C$0.30 per Common Share. The gross proceeds received by the Corporation from the sale of the FT Shares will be used to incur Canadian Exploration Expenses ("CEE") that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the O'Brien Gold Project in the Province of Québec, which will be renounced to the subscribers with an effective date no later than December 31, 2025, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of FT Shares. The closing of the Offering is expected to occur on or about May 15, 2025, and is subject to receipt of all necessary regulatory approvals including the acceptance of the Offering by the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue. A finder's fee may apply to a portion of the proceeds raised under the Offering in the amount of 6% cash. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act. It is anticipated that one or more directors will acquire Securities under the Offering. Any such participation will be considered a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). It is anticipated that the transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on a determination that the securities of the Company are listed on the TSXV and that the fair market value of the Offering, insofar as it involves interested parties, will not exceed 25% of the market capitalization of the Company. Radisson Mining Resources Inc. Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O'Brien Mine, considered to have been Québec's highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 "Technical Report on the O'Brien Project, Northwestern Québec, Canada" effective March 2, 2023 and other filings made with Canadian securities regulatory authorities available at for further details and assumptions relating to the O'Brien Gold Project. For more information on Radisson, visit our website at or contact: Matt MansonPresident and CEO416.618.5885mmanson@ Kristina PillonManager, Investor Relations604.908.1695kpillon@ Forward-Looking Statements This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company's ability to grow the O'Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O'Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release. 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Not for distribution to United States newswire services or for dissemination in the United States To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
02-04-2025
- Business
- Globe and Mail
Radisson Expands Area of High-Grade Gold Mineralization Beneath the Historic O'Brien Gold Mine with Three New Drill Holes Including 29.93 g/t Gold over 2.2 Metres
Rouyn-Noranda, Quebec--(Newsfile Corp. - April 2, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (" Radisson" or the " Company") is pleased to announce drill assay results from three new drill holes at its 100%-owned O'Brien Gold Project (" O'Brien" or the " Project") located in the Abitibi region of Québec. The three holes reported are all wedges completed from the previously reported pilot hole OB-24-337 (see Radisson News Release dated December 16, 2024; Figure 1). OB-24-337 was the deepest hole ever drilled at the Project and the first hole drilled directly below the historic O'Brien Mine workings. It intersected 242.0 grams per tonne ("g/t") gold ("Au") over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres at approximately 1,500 metres vertical depth. Now, three new wedges have all returned additional high-grade gold intercepts, delineating a large zone of multiple veins with good continuity. Highlights include: OB-24-337W3 intersected 29.93 g/t Au over 2.2 metres, including 53.50 g/t Au over 1.2 metres and 4.54 g/t Au over 3.0 metres, including 7.61 g/t Au over 1.5 metres; OB-24-337W1 intersected 4.44 g/t Au over 6.4 metres, including 18.65 g/t Au over 1.2 metres; and, OB-24-337W2 intersected 9.62 g/t Au over 1.4 metres. Matt Manson, President & CEO, commented: "On December 16, 2024 we reported that a deep pilot hole had intersected significant high-grade gold mineralization a full 500 metres below the base of the historic O'Brien Gold Mine. Today, we are reporting the results from the first three wedges drilled from this hole, all of which have hit multiple instances of gold mineralization in classic quartz-sulphide veins hosted in sheared and mineralized rocks of the Piché Group, the dominant host rocks for O'Brien gold mineralization. In fact, we are able model up to four such veins individually, with clear continuity between the drill holes and upwards towards mineralization documented at the base of former mine. Results are pending for two additional wedges that have been drilled, both of which show vein mineralization and visible gold consistent with the developing model." Matt Manson continued: "A primary focus of our 22,000-metre drill program this year is deep-step-outs below the Project's existing mineral resources and the historic mine workings, in a 'proof-of-concept' approach that aims to identify the extension of mineralization to depth. We believe 2 kilometres is an appropriate exploration horizon, with 75% of the current mineral resources defined down to depths of only 600 metres. Today's results are extremely encouraging and suggest that classic O'Brien gold mineralization is indeed extensive at depth, with important implications for the future scale of the Project." Figure 1: Long Section and Plan View of Gold Vein Mineralization and Mineral Resources at the O'Brien Gold Project, with Today's Drill Holes Illustrated. To view an enhanced version of this graphic, please visit: Table 1: Detailed Assay Results from Drill Holes OB-24-337, and OB24-337W1 to 337W3 DDH Zone From (m) To (m) Core Length (m) Au g/t - Uncut Host Lithology OB-24-337-Pilot (Previously Released 16th December, 2024) O'Brien Mine 1,507.6 1,508.6 1.0 5.57 POR-S 1,517.7 1,525.7 8.0 31.24 POR-S Including 1,517.7 1,518.7 1.0 242.00 POR-S 1,610.5 1,611.9 1.4 5.49 V3-N 1,660.5 1,662.7 2.3 3.78 S3P Including 1,660.5 1,661.6 1.2 5.78 S3P OB-24-337W1 O'Brien Mine 1,513.3 1,514.8 1.5 3.82 V3-CEN 1,575.5 1,581.9 6.4 4.43 V3-N Including 1,575.5 1,576.7 1.2 18.65 V3-N 1,618.7 1,619.7 1.0 3.67 V3-N OB-24-337W2 O'Brien Mine 1,378.5 1,379.8 1.3 6.70 V3-N 1,486.1 1,487.5 1.4 9.62 S1P 1,530.0 1,532.0 2.0 4.36 V3-N Including 1,531.0 1,532.0 1.0 5.90 V3-N OB-24-337W3 O'Brien Mine 1,350.4 1,353.4 3.0 4.54 V3-S Including 1,350.4 1,351.9 1.5 7.61 V3-S 1,420.5 1,422.0 1.5 3.18 POR-S 1,443.0 1,445.2 2.2 29.93 V3-CEN Including 1,444.0 1,445.2 1.2 53.50 V3-CEN 1,554.0 1,556.1 2.1 5.48 S3P Notes on Calculation of Drill Intercepts: The O'Brien Gold Project March 2023 Mineral Resource Estimate ("MRE") utilizes a 4.50 g/t Au bottom cutoff, a The O'Brien Gold Project March 2023 Mineral Resource Estimate ("MRE") utilizes a 4.50 g/t Au bottom cutoff, a US$1600 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off, representing the lower limit of cut-off sensitivity presented in the March 2023 MRE. This methodology differs from previous Radisson disclosure, and intercepts reported in this release may not be directly comparable to historical published intercepts. Sample grades are uncapped. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O'Brien are developed. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff, ZFLLC: Larder-Lake-Cadillac Fault Zone. Gold Mineralization at O'Brien Gold mineralizing quartz-sulphide veins at O'Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyric andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break ("LLCB"). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks. As mapped at the historic O'Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths. Figure 3 illustrates modelling of four veins extending from the OB-24-337 pilot hole and wedges upward to the deepest underground working at the historic O'Brien mine. Vein V3-S_20 intersects OB-24-337W2 and W3 and is further supported by underground mapping in an exploration drift located to the south of the main mined out vein at level 3450. Vein V3-C_03 is intersected by the pilot hole and all three wedges and is further supported by underground mapping and the historic stope locations. Vein V3-N_02 is also intersected by the pilot hole and all three wedges and is further supported by historic underground drilling from the 3450 level. V3-N_03 is intersected by all four deep holes. Radisson's vein modelling is undertaken dynamically as drilling proceeds and is used to guide future exploration and, ultimately, domaining for future resource estimation. The historic O'Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t and over a vertical extent of at least 1,000 metres. Recent exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends ("Trend #s 0 to 5"). Based on drilling complete to the end of 2022, the Project has estimated Indicated Mineral Resources of 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources of 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. QA/QC All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d'Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program. Qualified Person Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O'Brien Gold Project. Figure 2: Cross Section through the historic O'Brien mine including drill holes OB-24-337, and 337W1 to W3. To view an enhanced version of this graphic, please visit: Figure 3: Vein Modelling Across Drill Holes OB-24-337, and 337W1 to W3. To view an enhanced version of this graphic, please visit: Table 2: Detailed Assay Results (see "Notes on Calculation of Drill Intercepts") DDH Zone From (m) To (m) Core Length (m) Au g/t - Uncut Host Lithology OB-24-337-Pilot (Previously Released 16th December, 2024) O'Brien Mine 1,507.6 1,508.6 1.0 5.57 POR-S 1,517.7 1,525.7 8.0 31.24 POR-S Including 1,517.7 1,518.7 1.0 242.00 POR-S 1,550.5 1,552.0 1.5 2.38 V3-CEN 1,610.5 1,611.9 1.4 5.49 V3-N 1,660.5 1,662.7 2.3 3.78 S3P including 1,660.5 1,661.6 1.2 5.78 S3P OB-24-337W1 O'Brien Mine 1,488.5 1,489.5 1.0 1.13 POR-S 1,513.3 1,519.3 6.0 1.89 V3-CEN Including 1,513.3 1,514.8 1.5 3.82 V3-CEN 1,540.4 1,543.3 2.9 1.98 V3-CEN/S1P 1,575.5 1,581.9 6.4 4.43 V3-N Including 1,575.5 1,576.7 1.2 18.65 V3-N 1,591.2 1,593.7 2.5 1.51 V3-N 1,618.7 1,621.8 3.1 2.49 V3-N Including 1,618.7 1,619.7 1.0 3.67 V3-N OB-24-337W2 O'Brien Mine 1,378.5 1,379.8 1.3 6.70 V3-N 1,445.0 1,446.1 1.1 2.58 POR-S 1,448.9 1,450.4 1.5 1.92 POR-S 1,454.8 1,456.3 1.5 1.37 V3-CEN 1,486.1 1,487.5 1.4 9.62 S1P 1,510.8 1,512.1 1.3 1.06 V3-N 1,530.0 1,532.0 2.0 4.36 V3-N Including 1,531.0 1,532.0 1.0 5.90 V3-N 1,549.9 1,551.4 1.5 1.72 S3P 1,565.4 1,566.5 1.1 1.16 S3P OB-24-337W3 O'Brien Mine 1,350.4 1,353.4 3.0 4.54 V3-S Including 1,350.4 1,351.9 1.5 7.61 V3-S 1,411.0 1,422.0 11.0 1.22 POR-S Including 1,420.5 1,422.0 1.5 3.18 POR-S 1,440.5 1,442.0 1.5 1.03 V3-CEN 1,443.0 1,445.2 2.2 29.93 V3-CEN Including 1,444.0 1,445.2 1.2 53.50 V3-CEN 1,480.0 1,481.5 1.5 1.74 S1P 1,525.3 1,526.7 5.4 1.34 V3-N 1,554.0 1,556.1 2.1 5.48 S3P Radisson Mining Resources Inc. Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O'Brien Mine, considered to have been Québec's highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 "Technical Report on the O'Brien Project, Northwestern Québec, Canada" effective March 2, 2023, Radisson's Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at for further details and assumptions relating to the O'Brien Gold Project. Forward-Looking Statements This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-Looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company's ability to grow the O'Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-Looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O'Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release. 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
