October 20, 2008
News from the desk of Ken Murton
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RADISSON
MINING COMPLETES ACQUISITION
OF MINING CLAIM IN DRYDEN AREA OF ONTARIO
AND UPDATES TWO DRILL PROGRAMS
Dear Eric,
. Last Friday, Radisson Mining Resources Inc.
announced that it has completed the acquisition of a molybdenum mineral claim
covering 1,265 acres in the Dryden area of Ontario. The purchase agreement was
announced on November 4, 2005 after the original transaction had been approved
by the TSX Venture Exchange.
The final
payment of $20,000 cash and 20,000 Class A Shares has been amended to $5,000
cash and 220,000 Class A Shares. The TSX Venture Exchange has accepted notice
of this amended transaction.
In the result the property was acquired for
$35,000 cash and 250,000 Class A Shares. The Vendor retains a 2% NSR which may
be purchased by Radisson for $1,000,000.
.
O'Brien/Kewagama and Destor-Duquesne Gold Projects, Noranda-Cadillac Area,
Quebec
As previously
announced (see Press Release dated September 22nd, 2008) Radisson has initiated
diamond drilling programs on its 100% owned O'Brien/Kewagama and
Destor-Duquesne Gold Projects that are respectively located near Cadillac and
Rouyn-Noranda, Quebec. It is anticipated that between the two properties
approximately 5000 meters will be drilled by year end.
The
O'Brien-Kewagama Property contains the former O'Brien and Kewagama Mines. The
current drill program will focus on the 36 East Zone, a new gold bearing zone
located 2,500 feet east of the old O'Brien Mine, and on an area between the 36
Zone and the historic Kewagama Mine.
The Destor - Duquesne Propertyis
located along the Destor Porcupine Deformation Zone approximately 30 km north
of the town of Rouyn-Noranda, Quebec. It adjoins the Duquesne Project currently
being explored by Clifton Star Resources Inc. ("Clifton Star") where
113.80 g/t Au over 3.60 meters was recently reported (see Clifton Star press
release date August 20, 2008).
. We at
Radisson should be pleased to answer any questions you may have with regard to
our exploration and development plans.
Sincerely,
Ken Murton
President/CEO
Tel: 416-920-2748
kmurton@radissonmining.com
www.radissonmining.com
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