Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ROUYN-NORANDA, QUEBEC--(Marketwire - Jan. 24, 2013) - Radisson Mining Resources Inc. (News - Market indicators) is pleased to announce the appointment of Denis Lachance to its Board of Directors.
Denis Lachance, mining engineer and member of the Ordre des ingénieurs du Québec (OIQ) since 1982, has extensive experience in development, production and mining of base and precious metal deposits. Over the past few years, Mr. Lachance has held several management positions in major mining projects, allowing him to apply his expertise both in Canada and abroad. Until very recently, he was President of Koniambo Nickel SAS, a multibillion-dollar joint venture between Xstrata Nickel and the Société Minière du Sud Pacifique, which is developing one of the world's largest nickel deposits in French overseas territory New Caledonia. He also served as Vice President of Operations at Falconbridge Ltd. (Raglan), and occupied various executive positions at Noranda Inc., TVX Gold Inc. (Casa Berardi) and Agnico Eagle Mines Limited (Joutel Division and Goldex project).
"Mr. Lachance has reviewed Radisson's business plan and feels that he can contribute both his technical and management skills. He not only endorses the vision of Radisson's new management team, but also has all the qualities needed to advance the project, be it through his network of contacts in the mining world or his invaluable project management experience in various socioeconomic contexts," said Radisson's President, Mario Bouchard. "We are delighted to have him join us."
It should be noted that Denis Lachance's appointment follows Michel Garon's-see the January 8, 2013, press release. In addition to diversifying the expertise represented on Radisson's Board of Directors, the appointment of these two new directors from the mining world reflects the new team's drive and determination to redouble its efforts to develop the significant gold potential of the Company's assets. By the end of 2013, Radisson would like to increase resources, of all categories, to more than 600,000 ounces of gold.
As a Director, Denis Lachance will receive 100,000 Radisson stock options at $0.10.
Radisson has accepted the resignation of Michel David from his position as Director of the Company.
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.
A drilling program is under way (November 27, 2012 press release). Results will be reported when available.