Radisson drills deep at O'Brien Gold Project, discovers high-grade gold mineralization at depth
From GlobeNewswire: 2024-12-16 06:30:00
Radisson Mining Resources Inc. announces significant results from a deep diamond drill hole at the O’Brien Gold Project in Quebec. The hole, OB-24-337, drilled to 1,700 meters depth, intersected high-grade gold mineralization, including 242.0 g/t gold over 1.0 meter within an interval averaging 31.24 g/t gold over 8.0 meters. This discovery suggests extensive gold mineralization at depth, indicating significant future potential. The results are part of a series of successful deep drilling efforts since September, showing high-grade gold mineralization below the existing resource estimate. Seven deep drill holes or wedges have been completed, with six returning visible gold instances and five exceeding the grade cutoff in the March 2023 resource estimate. The drilling indicates that O’Brien style gold mineralization is present at depth, below historic mine workings and the current resource estimate. The gold mineralization at O’Brien occurs within quartz-sulphide veins in Piché Group rocks near the Larder Lake-Cadillac Break. Individual veins are narrow with well-established lateral continuity, forming high-grade shoots over significant lengths. The historic O’Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t over a vertical extent of at least 1,000 meters. Based on drilling conducted by the end of 2022, the Project has estimated Indicated Mineral Resources of 0.50 million ounces, with additional Inferred Mineral Resources of 0.45 million ounces. The recent drilling results from OB-24-337 further confirm the presence of high-grade gold mineralization at the O’Brien Gold Project, with continuous exploration focused on delineating additional mineralization. The Company’s forward-looking statements include plans for ongoing drilling, incorporating new results into resource estimates, and converting inferred resources to indicated resources. The Company believes the information is based on reasonable assumptions but acknowledges the inherent risks and uncertainties in mineral exploration. The TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy of the information provided in this news release.
Read more at GlobeNewswire: Radisson Drills Deepest Hole at O’Brien Gold Project and