Radisson Mining Resources Inc.: The Kewagama Property Is Incorporated Into the 43-101 Preliminary Economic Assessment of the 36 East Zone
(firmenpresse) - ROUYN-NORANDA, QUEBEC -- (Marketwired) -- 12/02/14 -- Radisson Mining Resources Inc. (TSX VENTURE: RDS) ("Radisson") announces that it expands INNOVEXPLO's mandate with the integration of the Kewagama property into the Preliminary Economic Assessment (PEA) currently underway on the 36 East Zone of the O'Brien property. The possibility of simultaneously mining the 36 East Zone and Kewagama will be considered during this exercise. Over the last few months, Radisson's technical team has compiled more than 41,000 metres of drilling on the Kewagama property, which includes 20,800 metres drilled since 2003 by Radisson. The Company would like to integrate this compilation into the PEA underway. Therefore, INNOVEXPLO will also be commissioned to assess the overall resources of both Kewagama and the 36 East Zone. The comprehensive analysis of these two properties will be standardized for optimal mining of the resource.
President Mario Bouchard commented, "The addition of the Kewagama property enhances the economic potential of the project as a whole. We are very satisfied with this approach, which will deliver added value for shareholders."
INNOVEXPLO is an independent consulting firm recognized for its expertise in mining geology, exploration, engineering and geomatics. Firm WSP is participating jointly in certain chapters of the PEA, such as ore processing, environmental assessments and studies of some of the infrastructure.
Consultant Yolande Bisson, Eng., MBA, acts as a Qualified Person for Radisson as defined in National Instrument 43-101 and has reviewed and approved the information in this release.
PAUL CREGHEUR RESIGNS AS DIRECTOR
Radisson regretfully accepted the resignation of Paul Cregheur from his position as director for personal reasons. The Board of Directors thanks Mr. Cregheur for the quality of his work, his efforts and his contribution to the Company.
ABOUT RADISSON MINING RESOURCES:
Radisson is a Quebec-based mineral exploration company. The adjoining O'Brien and Kewagama properties, cut by the regional Cadillac Break, are Radisson's main asset. They contain the O'Brien Mine, which is considered to have been the Abitibi Greenstone Belt's highest grade gold producer when it was in production (1,310,356 short tons at 0.448 oz/t from 1925 to 1956; RPA, May 2007).
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 release.
Contacts:
Mario Bouchard
President and CEO
819-277-6578
Donald Lacasse Eng.
Vice President, CFO and Secretary-Treasurer
819-797-0606
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Unternehmensinformation / Kurzprofil:
Datum: 02.12.2014 - 13:00 Uhr
Sprache: Deutsch
News-ID 356520
Anzahl Zeichen: 5413
contact information:
Town:
ROUYN-NORANDA, QUEBEC
Kategorie:
Mining & Metals
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