ROUYN-NORANDA, QUÉBEC--(Marketwire - Jan. 8, 2013) - Radisson Mining Resources Inc. (News - Market indicators) is pleased to announce the appointment of Michel Garon to its Board of Directors.
Mr. Garon, a mining engineer by training (Eng., M. Sc. A.), has held various positions in the mining industry over the past 35 years. Specializing in ore processing, he worked as a metallurgist and mill superintendent before moving on to more strategic positions, including Manager of Underground Mining Operations at the Opemiska Division of Minnova Inc., Vice President of Smelting Operations at the Brunswick Mining and Smelting Corporation Ltd. and General Manager of Noranda Inc.'s Matagami Mine and of the Lake Doré project for Lake Doré Mining Inc. He is currently Manager of the Rouyn-Noranda office for engineering firm GENIVAR, where he also holds the position of Senior Mining Engineer.
"In addition to consolidating the technical expertise of Radisson's management team, Mr. Garon will be contributing the wealth of experience and expertise he has acquired during his career in the industry. His experience in both exploration and mining will definitely be an asset in achieving Radisson's business plan and developing its properties," said Mario Bouchard, President of Radisson Mining Resources. In 2013, we are planning to increase resources to 600,000 ounces of gold, in all categories, and improve Radisson's visibility in the Abitibi-Témiscamingue region, in Québec, and on domestic and international financial markets." - The business plan is available on the Company's web site.
Finally, Mr. Garon is well known for his active involvement in Québec mining industry development and cooperation mechanisms. He is Chairman of the Board of the Société de Développement de la Baie James, a public corporation whose mission is to promote economic development and to manage road and airport infrastructure in the James Bay territory, and former Chairman of the Québec Mining Association (QMA).
As a director, Michel Garon, long-time shareholder of Radisson, will receive 100,000 stock options at $0.10.
ABOUT RADISSON MINING RESOURCES:
Radisson is a Québec-based mineral exploration company. Radisson's main asset, the O'Brien/Kewagama project is located on the Cadillac Break, 5 km west of the Lapa gold mine and approximately 4 km southeast of the LaRonde mine, both owned by Agnico-Eagle.
The project hosts the O'Brien Mine, which is considered the highest grade gold producer of the Abitibi Greenstone Belt (production of 1,302,000 tons at 0.448 oz/t from 1932 to 1955).
The Company's exploration work on the project has confirmed the presence of 218,540 ounces of gold (indicated resource) (based on an indicated resource of 270,000 tons at an uncut grade of 0.56 oz/ton and an inferred resource of 182,000 tons at an uncut grade of 0.37 ounces) as defined in the Scott Wilson RPA NI 43-101 report of May 2007. These resources, all outlined above the 650-metre level, are located about 800 metres east of the old O'Brien mine workings, and represent a new discovery of high grade mineralization of the same type mined and produced at the O'Brien gold mine. These resources are in a gold zone referred to as Zone 36.
In 2011 and 2012, the Company carried out two Diamond drilling programs, resulting in new discoveries in the largely unexplored eastern portion of the project (Kewagama) and further definition of the eastern extension of Zone 36 mineralisation.
The drilling program is ongoing (already announced in the November 27, 2012, press release). Results will be reported when available.
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