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ROUYN-NORANDA, Quebec, Oct. 07, 2024 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“The Radisson” or “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 meter drilling program at the O’Brien Gold Project (“O’Brien” or “The project”) with the addition of a third drill rig.
Mr. Ross is a geologist with over 25 years experience in mineral estimation and evaluation of structurally managed gold deposits. He was the Vice President of Geology and Exploration until recently at Caliber Mining Corporation and its predecessor company, Marathon Gold Corporation. At Marathon, David oversaw the significant development of mineral resources at the Valentine Gold Project in Newfoundland and Labrador, and initiated Valentine’s ongoing programs to evaluate the quality of the property and control the mine grade. Prior to Marathon, David served as Senior Manager of Mineral Resources at Teranga Gold Corporation and worked for fifteen years with Roscoe Postle Associates, now part of SLR Consulting Limited. David has a B.Sc. in Geology from Carleton University, with 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 the author and Qualifier of over 50 NI 43-101 Technical Reports.
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Matt Manson, President and CEO, commented: “I am very pleased to announce the addition of Dave Ross to the Radisson team. Having worked with David in the past, I know that his direct experience in evaluating structurally held gold deposits, as well as his expertise and expertise in mineral estimation, will be of great value to the Company as we continue to explore O’Brien and think about its future development. Dave’s leadership qualities will also benefit us as we look to develop our Quebec-based testing team. Dave joins us as we terminate deep, high-grade mineralization at O’Brien, begin exploration drilling with IAMGOLD focused on the nearby Doyon refinery, and complete a highly successful and oversubscribed financing for our 2025 operations.”
Radisson also announces that the Company’s ongoing 35,000 meter drilling program has been accelerated with the addition of a third drilling rig, which will operate until the end of the year. Recent deep drilling at O’Brien confirmed high-grade mineralization approximately 1,100 meters below surface, 170 meters below the current Mineral Source and below historic working level at the nearby O’Brien Gold Mine. The project remains open to the east, west and deep. More results from the ongoing exercise program are expected in the coming weeks and months.
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Radisson Mining Resources Inc.
Radisson is a gold exploration company with 100% focus on the O’Brien Gold Project, located in the Bousquet-Cadillac mining camp near the world-famous Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced more than 25 million ounces of gold over the past 100 years. The project hosts the former O’Brien Mine, considered to be the highest grade gold producer in Quebec during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tons at 10.26 g/t Au), and additional Inferred Mineral Resources are estimated at 0.45 million ounces (1.60 million tons at 8.66 g/t Au). Please see NI 43-101 “Technical Report on the O’Brien Project, Northwestern Québec, Canada” dated March 2, 2023, Radisson’s Annual Information Form for the year ended December 31, 2023 and other filings with securities regulatory authorities of Canada available. at www.sedar.com for additional information and speculation related to the O’Brien Gold Project.
For more information about Radisson, visit our website at www.radissonmining.com or contact:
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Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com
Kristina Pillon
Manager, investor relations
604.908.1695
kpillon@radissonmining.com
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities law based on expectations, estimates, estimates, and interpretations as of the date of the news release. Forward-looking statements include, but are not limited to, statements regarding the closing of the Offering, planned and ongoing drilling, the value of drilling results, the ability to continue drilling, the impact of drilling on the definition of any resource. , the ability to include new drilling in the updated technical report and resource modeling, the Company’s ability to expand the O’Brien project and the ability to convert mineral to indicated mineral. Any statement that includes discussions regarding forecasts, expectations, interpretations, beliefs, plans, assumptions, intentions, assumptions, future events or performance (usually but not always using phrases such as “expects”, or “does not expect”, expected”, “interpreted” , “management’s opinion”, “expects” or “does not expect”, “plans”, “budget”, “planned”, “forecasts”, “estimates”, “believes” or “intends” or variations of those words and phrases or imply actions certain events or results “could” or “may”, “may”, “possible” or “will be assumed” to occur or occur) are not statements of historical fact and may constitute 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 includes forward-looking statements Forward-looking information is based on the Company’s management’s estimate, at the time it is made, and involves known and unknown risks, uncertainties and the like. factors that could cause actual results, performance or achievements of the companies to differ materially from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the risks associated with the results of drilling at O’Brien; the importance of drilling results; the ability of drilling results to accurately predict mineralization; the ability of any material to be mined in an economic context. Although the forward-looking information contained in this news release is based on what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and potential purchasers of securities that actual results will be consistent with such forward-looking statements. information, as there may be other factors that cause results not to be as expected, 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 true and forward-looking statements included in this press release should not be unduly relied upon. The Company does not, and does not undertake, to update or revise any 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 the news release.
Neither the TSX Venture Exchange nor its Legal 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 of the information contained herein.
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