Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB:
RMRDF) (“
Radisson” or the
“
Company”) is pleased to announce the appointment
of Mr. David Ross as Vice President of Exploration, effective
immediately, and the acceleration of the Company’s ongoing,
fully-funded 35,000 metre drill program at the Company’s O’Brien
Gold Project (“
O’Brien” or the
“
Project”) with the addition of a third drill rig.
Mr. Ross is a professional geologist with over
25 years of experience in mineral resource estimation and the
exploration of structurally hosted gold deposits. He was until
recently Vice President of Geology and Exploration at Calibre
Mining Corporation and its predecessor company, Marathon Gold
Corporation. At Marathon, David oversaw a significant growth in the
mineral resource inventory at the Valentine Gold Project in
Newfoundland and Labrador, and initiated Valentine’s ongoing
programs of property-scale exploration and mining grade control.
Prior to Marathon, David served as Senior Manager of Mineral
Resources at Teranga Gold Corporation and served for fifteen years
with Roscoe Postle Associates, now part of SLR Consulting Limited.
David has a B.Sc. in Geology from Carleton University, an M.Sc. in
Mineral Exploration from Queen’s University and is a Professional
Geologist in the provinces of Ontario and Newfoundland and
Labrador. He is an author and Qualified Person for over 50 NI
43-101 Technical Reports.
Matt Manson, President and CEO, commented: “I am
very happy to be announcing the addition of Dave Ross to the
Radisson team. Having worked with David previously, I know that his
specific experience in exploring structurally hosted gold deposits,
and his expertise and professionalism in mineral resource
estimation, will give significant value to the Company as we
continue to explore O’Brien and contemplate its future development.
Dave’s leadership attributes will also benefit us as we look to
develop our young Quebec based exploration team. Dave joins us as
we are intersecting deep, high-grade mineralization at O’Brien,
commencing a milling assessment with IAMGOLD focussed on the nearby
Doyon mill, and completing a highly successful and oversubscribed
financing for our 2025 work programs.”
Radisson further announces that the Company’s
ongoing 35,000 metre drill program has been accelerated with the
addition of a third drill rig, which will be in place until the end
of the year. Recent deep drilling at O’Brien has confirmed
significant high-grade mineralization at approximately 1,100 metres
vertical depth, 170 metres below the current Mineral Resource and
well below the level of the historic workings at the adjacent
O’Brien Gold Mine. The Project remains open to the east, west and
at depth. Additional results from the ongoing drill program are
expected over the coming weeks and months.
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 www.sedar.com for further details and assumptions
relating to the O’Brien Gold Project.
For more information on Radisson, visit our website at
www.radissonmining.com or contact:
Matt MansonPresident and
CEO416.618.5885mmanson@radissonmining.com
Kristina PillonManager, Investor
Relations604.908.1695kpillon@radissonmining.com
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.
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