Radisson Mining Resources Inc

Published : August 24th, 2016

Radisson intersects 16.15 g/ 2Ft gold over 3.0m in lateral extension of current mineral resource of t

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RADISSON INTERSECTS 16.15 G/T GOLD OVER 3.0 M IN LATERAL EXTENSION OF CURRENT MINERAL RESOURCE OF THE O�BRIEN GOLD PROJECT
 

Rouyn-Noranda, Quebec, August 24, 2016: Radisson Mining Resources Inc. (TSXV: RDS) (�Radisson or the Company�) is pleased to announce assay results from first three holes of the Phase II (Figure 1) drill program where 12 drill holes were completed for a total of 5,616 metres at the O�Brien gold project located 8km west of Agnico-Eagle Mines Ltd�s Lapa gold mine in the heart of the Bousquet-Cadillac mining camp along the Abitibi Greenstone Belt.
 

  • Drill hole 16-7 intersected 16.15 g/t Au over 3.0 m (Including 44.70 g/t Au over 1.00 m) at a depth of 187 metres in lateral extension of the current mineral resource.
     
  • Drill hole 16-8 intersected 5.85 g/t Au over 2.0 m at a depth of 19.5 m (Figure 1).
     
  • Drill hole 16-10 intersected 8.63 g/t Au over 2.0 m at a depth of 474.50 m in vertical extension of the current mineral resource.

Note; Results are presented downhole width; true width is estimated between 55 to 70% of downhole width.
 
Drill holes 16-7 and 16-8 started in the Pich� Group volcanic rocks hence Pontiac Group sedimentary rocks were not crossed in these drill holes. Due to deviation, drill hole 16-8 intersected a mining stope within the QFP unit. This drill hole also intersected a gabbro Dyke within the sequence containing current mineral resources.
 
Drill hole 16-10 intersected the Pontiac Group sedimentary rocks at a depth from collar to a depth of 395 metres downhole length. Highest value within the Pontiac Group sedimentary rocks yielded a value of 5.45 g/t Au over 1 metre at a depth of 303.50 m.
 
Drill hole 16-10 also intersected a feldspar-quartz porphyry unit (QFP) where assay from the hanging wall alteration unit yielded an average value of 2.09 g/t Au over 13.5 metres at a depth of 463 m (inlcuding 8.63 g/t Au over 2.0 m presented above).
 
Radisson�s President Mario Bouchard comments: �Radisson�s team is delighted with the results obtained during the Phase II drill program this summer. High-grade gold assays obtained in a systematic and consistent manner highlight the quality of the O�Brien gold project and strong exploration potential near current mineral resources areas as well as in the Pontiac Group sedimentary rocks to the south�.
 
Update on $ 2 M private placement
On August 11, Radisson announced the closing of a $ 1,000,000 first tranche for a private placement totalling $ 2,000,000. In accordance with the TSX Venture Exchange policies and regulation, the company modified terms of this private placement. Hence, Radisson expects to close this private placement with a $ 1,000,000 final tranche consisting of 5,000,000 class A flow-through shares at a price of $0.20 on or about September 25, 2016.

All drill cores in this campaign are NQ in size. Analyses were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with AA finish at Techni-Lab Actlabs in Ste-Germaine-Boul� in Abitibi, Quebec. Samples yielding a grade higher than 5 g/t were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Assays containing visible gold were reanalyzed with metallic sieve procedure. Standard reference materials and blank samples were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
 
Qualified Person
Tony Brisson, Geo., independent consultant, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.

 
About Radisson Mining Resources Inc. 
Radisson is a Quebec-based mineral exploration company. The O�Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson�s flagship asset. 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; InnovExplo, April 2015).
 
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Learn more about the O'Brien gold project in 1 click and 2min48.
For more information on Radisson, visit our website at www.radissonmining.com or contact:
 
Mario Bouchard
President and CEO
(819-277-6578
mbouchard@radissonmining.com
 
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 release.
Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Radisson�s disclosure documents on the SEDAR website at www.sedar.com.
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Radisson Mining Resources Inc

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CODE : RDS.V
ISIN : CA76125W5054
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Radisson Mining is a gold and copper development stage company based in Canada.

Radisson Mining holds various exploration projects in Canada.

Its main exploration properties are KEWAGAMA, POTRACK, RM NICKEL PROJECT, DRYDEN, DOUAY, O'BRIEN, LAC GIGNAC, ESTRADES and MASSICOTTE in Canada.

Radisson Mining is listed in Canada. Its market capitalisation is CA$ 23.6 millions as of today (US$ 18.4 millions, € 16.3 millions).

Its stock quote reached its highest recent level on December 29, 2004 at CA$ 0.89, and its lowest recent point on December 24, 2008 at CA$ 0.02.

Radisson Mining has 107 290 000 shares outstanding.

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Annual reports of Radisson Mining Resources Inc
2007 Annual Report
Financings of Radisson Mining Resources Inc
3/18/2016Radisson mining $1M Crowdsourcing financing with Red Cloud K...
10/3/2013Announces Closing of a $ 180,000 Private Placement
4/4/2013Announces Closing of a $108,000 Private Placement
3/14/2008ANNOUNCES CLOSING OF PRIVATE PLACEMENT
3/10/2008ANNOUNCES PRIVATE PLACEMENT OF UNITS
1/3/2008ANNOUNCES CLOSING OF PLACEMENT OF FLOW-THROUGH SHARES
12/24/2007ANNOUNCES PRIVATE PLACEMENTS OF FLOW-THROUGH COMMON SHARES
Nominations of Radisson Mining Resources Inc
6/12/2013Announces Election Of Directors
1/24/2013Announces the Appointment of Denis Lachance to its Board of ...
1/8/2013Announces the Appointment of Michel Garon to its Board of Di...
Project news of Radisson Mining Resources Inc
8/24/2016(O'brien)Radisson intersects 16.15 g/ 2Ft gold over 3.0m in lateral e...
6/1/2011(O'brien)Significant Drill Results From the O'Brien/Kewagama Project
2/17/2011(Kewagama)to Begin Drilling on Feb 21 on Its O'Brien/Kewagama Property
6/2/2008(Massicotte)RELINQUISHES RM NICKEL PROPERTY AND ANNOUNCES POSITIVE RESUL...
Corporate news of Radisson Mining Resources Inc
6/15/2016RADISSON HIRES TONY BRISSON AS CONSULTANT GEOLOGIST AND BEGI...
6/6/2016RADISSON ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF $6...
6/1/2016RADISSON INTERSECTS 17.57 G/T AU OVER 1.36M AT A VERTICAL DE...
5/6/2016RADISSON ANNOUNCES CLOSING OF FIRST TRANCHE OF CROWDFUNDING ...
4/20/2016RADISSON INTERSECTS 12.73 G/T AU OVER 1.0M AND MULTIPLE VISI...
1/29/2016RADISSON FILES NI 43-101 TECHNICAL REPORT FOR PEA FOR THE O’...
1/29/2016Radisson Files NI 43-101 Technical Report for Preliminary Ec...
12/31/2015RADISSON ANNOUNCES CLOSING OF A $324,000 PRIVATE PLACEMENT
12/15/2015RADISSON ANNOUNCES RESULTS OF PRELIMINARY ECONOMIC ASSESSMEN...
9/23/2015Radisson Completes a $100,000 Private Placement with SODEMEX...
9/15/2015RADISSON ANNOUNCES DEATH OF DIRECTOR MICHEL GARON
8/13/2015RADISSON COMPLETES A $444,400 BROKERED PRIVATE PLACEMENT
7/14/2015Radisson Announces Extension of Private Placement
4/20/2015Inferred Resources Increases by 181% at the O'Brien Project
2/26/2015MARIANNA SIMEONE APPOINTED TO THE BOARD OF DIRECTORS
2/3/2015Radisson Draws Attention to High Gold Grades in Historical D...
1/26/2015MARIO BOUCHARD Q&A WITH THE GOLD REPORT
1/13/2015' CEO Interviewed by The Gold Report
1/13/2015Radisson Mining Resources' CEO Interviewed by The Gold Repor...
12/30/2014Radisson Announces Closing of a $305,000 Private Placement
12/30/2014RADISSON ANNOUNCES CLOSING OF A $305,000 PRIVATE PLACEMENT
12/2/2014THE KEWAGAMA PROPERTY IS INCORPORATED INTO THE 43-101 PEA OF...
12/2/2014Radisson Mining Resources Inc.: The Kewagama Property Is Inc...
10/21/2014The Evolution of Blackbird Energy: The Building of Montney P...
10/8/2013Begins Prospecting its New Phosphate Property "Lac Gouin SSO...
7/29/2013(O'brien)Continues Development of O'Brien/Kewagama and Acquires a Pro...
4/23/2013Moves Ahead With its 2013 Business Plan
12/12/2012Reshuffles its Management Team
10/30/2012(O'brien)Update on the O'Brien-Kewagama Project
6/29/2011Reports of Its Annual Meeting Held on June 21, 2011 and Gran...
6/16/2011(O'brien).: New Gold Discovery on the O'Brien-Kewagama Project
5/12/2011Closes Financing with the MineralFields Group
2/23/2010Michel David joins Radisson Mining as president and CEO
9/22/2008ANNOUNCES JOINT VENTURE WITH AURIZON MINES WILL NOT PROCEED ...
7/4/2008PROVIDES ITS PRESENTATION TO THE RECENT SHAREHOLDERS ANNUAL ...
7/2/2008 EXTENDS DUE DILIGENCE PERIOD UNDER ITS LETTER OF INTENT WIT...
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