Step-out drilling intersects 45.86 g/t Au over 2.10 m, 21.29 g/t over 2.00 m and 17.90 g/t over 2.15 m in a third potential high grade trend 900 m east of the old O’Brien Mine

Radisson Mining Resources Inc. is pleased to announce significant high-grade gold intercepts from the ongoing 60,000 m exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.

“Drill results from the O’Brien Project continue to validate our litho-structural model and demonstrate the potential for resource growth at depth and laterally along strike. Prior drilling demonstrated the potential for two high grade mineralized trends, located approximately 300 m and 600 m respectively to the east of and bearing similarities to structures historically mined at the O’Brien Mine. Our efforts to step-out further to the east have been rewarded with multiple high-grade intercepts including 45.86 g/t over 2.10 m, 21.29 g/t over 2.00 m and 17.90 g/t over 2.15 m that appear to highlight a third high-grade mineralised trend in a relatively untested area approximately 900 m to the east of the old mine. Drilling so far has traced mineralization down to 500 m vertical depth, with the zone remaining open at depth and laterally.

Our exploration efforts to date have been limited to a strike length of approximately 1 km, a relatively small part of the 6 km prospective strike length along the prolific Cadillac Break. While we are impressed by results so far, we are even more excited at the prospect of leveraging our litho-structural model to target a repeat of our success over a much larger area that extends approximately 3.0 km to the east and now, post the New Alger acquisition, 3 km to the west of the old O’Brien Mine, historically the highest grade gold mine in Quebec.

Results released so far represent approximately half of our planned 60,000 m program. We are well funded to expand our program to up to 75,000 m, permitting additional drilling into 2021. With three rigs in operation, we eagerly look forward to additional results as we systematically step out to grow resources laterally and at depth,” commented Mario Bouchard, Chief Executive Officer.

Press release Highlights

Potential for a third high-grade mineralized trend, approximately 900 m east of the old O’Brien mine, with multiple high-grade intercepts outside the boundary of defined resources.

• Hole OB-20-149 returned 45.86 g/t over 2.10 m (500 m vertical depth) including 92.90 g/t over 1.00 m with visible gold showings obtained 260 m below defined resources.
• Hole OB-20-146 returned 17.90 g/t over 2.15 m (105 m vertical depth) and 21.29 g/t over 2.00 m (260 m vertical depth).
• Hole OB-20-144 returned 5.79 g/t over 2.00 m (135 m vertical depth)
• Highlights opportunity for significant resource growth in a largely undrilled area
• Mineralization has been traced down to 500 m vertical depth, with the zone open for expansion laterally and at depth.

Opportunity for additional resource growth within a second mineralized trend located approximately 600 m east of the old O’Brien Mine

• Hole OB-20-142 returned multiple high-grade intercepts east of defined resources in the area including 5.58 g/t over 2.00 m, 11.02 g/t over 2.00 m and 5.81 g/t over 2.00 m
• Current resources in the area are largely above 360 m vertical depth and mineralization remains open for expansion laterally and at depth.    

Drilling continues to expand the first mineralized trend (36E Zone), approximately 300 m to the east of the old O’Brien Mine and below the resource boundary

• Hole OB-20-145 returned 12.48 g/t Au over 2.00 m core length (vertical depth of 725 m)
• The majority of defined resources in the area are within 600 m vertical depth.
• Drilling to date demonstrates continuity down to approximately 950 m, within an area extending approximately 300 m laterally and 350 m vertically below the resource boundary.
• Mineralization is open for expansion laterally and at depth below 950 m.

With the close of the New Alger acquisition, Radisson’s claims cover a prospective strike length of 5.9 km along the prolific Cadillac Break

• Prospective strike now includes approximately 3 km east and 3 km west of the old O’Brien Mine, historically the highest-grade gold mine in Quebec (production of 587 k oz at 15.25 g/t average grade from 1926 – 1957).
• Drilling thus far has mostly been limited to 1 km to the east of the old mine
• The company plans to systematically step out further to the east as well as initiate drilling on high potential targets to the west of the O’Brien Mine.

45,771 m of drilling completed to date with assays pending for approximately 12,771 m

• Released results represent 55% of a planned 60,000 m program.
• The company is funded to expand the program to over 75,000 m.

Exploration program

To this date 45,771 m of drilling have been completed at the O’Brien gold project with assays pending for approximately 12,771 m. Results released so far represent 55% of the ongoing 60,000 m drill campaign started in August 2019. The company is funded to expand the drill program above 75,000 m.

QA/QC

All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 5 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed 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

Richard Nieminen, P. Geo, Exploration manager, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.

Radisson mining resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the last 100 years. 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; Kenneth Williamson 3DGeo-Solution, July 2019). For more information on Radisson, visit our website at www.radissonmining.com or contact:

On behalf of the board of directors

Mario Bouchard
CEO and Director

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Hubert Parent-Bouchard
Director, Corporate development
819-763-9969