Radisson increases to three drills at O’Brien

ROUYN-NORANDA, Quebec, June 23, 2020 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company") is pleased to announce the addition of one diamond drill rig to the O’Brien project, bringing the total drills on site to 3 rigs. This additional drill rig was mobilized on June 19, 2020 and has been set up on drilling a pilot hole on the Lower F Zone. The ongoing drill program, expanded to 60,000 metres in February 2020, represents the company’s first exploration program to test targets defined by the new litho-structural model (released February 2019).

The new drill rig is testing the western extension of the enrichment vector drilled down to a depth of 950 m on the Lower 36E Zone. Current resources are largely limited to 600 m vertical depth, deeper drill holes including OB-19-92W2b (66.71 g/t Au over 4.70 m) and OB-19-98 (8.49 g/t Au over 2.00 m) have highlighted the potential for a high-grade mineralized trend down to a depth of 950 m. Assays are pending for three wedge holes drilled to establish continuity of high-grade mineralization and to target resource growth in this area. A pilot hole, from which wedge holes are planned is currently being drilled in this area, below an intercept of 23.57 g/t Au over 2.60 m, within a broader intercept of 8.29 g/t Au over 9.00 m.

See figure 1

The second drill rig, which is completing a hole on Lower 36E, will focus on defining a second enrichment vector intersected by drilling at approximately 300 metres east from the 36E Zone. Several targets have been planned in this area, following up on previously reported intercepts of 8.35 g/t Au over 6.00 m (hole OB-20-124) as well as 14.30 g/t Au over 2.00 m and 22.17 g/t Au over 1.80 m (Hole OB-19-106). While drilling and current resources in this area are largely limited to the upper 400 m, there are indications that the trend could extend deeper to 1,100 m where a historical intercept returned 17.46 g/t Au over 1.00 m.

See figure 2

The third drill rig will target resource expansion opportunities near-surface as well as in the gap between current resources and the old O’Brien Mine.

See figure 3
“Since the commencement of the program, drilling at O’Brien has continued to deliver remarkable results demonstrating the continuity of high-grade mineralization in two enrichment vectors within and outside the current resource area. Having a third drill rig operating on-site will enable the company to work on multiple high potential targets at the same time.