Radisson Files NI 43-101 Technical Report on Resource Estimate Update for the O'Brien Gold Project
(firmenpresse) - ROUYN-NORANDA, QUEBEC -- (Marketwired) -- 06/09/15 -- Radisson Mining Resources Inc. ("Radisson" or the "Corporation") is pleased to announce that it has filed on SEDAR a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") technical report ("the Report") for the resource estimate update on its O'Brien gold project located in the heart of the prolific Cadillac mining camp. ()
There are no material changes between the results announced in the April 20, 2015 press release and the results contained in the Report effective April 10, 2015 and dated June 3, 2015 on SEDAR . The Report is also available on the Corporation's website at .
Current mineral resource estimate for 36E and Kewagama areas of the O'Brien Project (Cut-off at 3.5 g/t Au)
InnovExplo concludes that it is likely that additional diamond drilling on multiple zones would upgrade some of the Inferred Resources to Indicated Resources. There is also the potential for upgrading some of the Indicated Resources to Measured Resources through detailed geological mapping, infill drilling and systematic channel sampling from the underground workings.
InnovExplo also believes that there are several opportunities to add additional resources to the O'Brien Project, hence: The extension of mineralization in the drilling gap between historical Kewagama mine and the 36E area, depth extensions of the ore shoot that originates in the Kewagama area, Sub parallel mineralized zones north and south of the currently identified zones and mineralization in the old O'Brien mine area.
The report and resource estimate update in the report were prepared according to NI 43-101 guidelines by Pierre-Luc Richard, P.Geo, Bruno Turcotte P.Geo and Alain Carrier P.Geo from InnovExplo who are independent of Radisson and are "Qualified Persons" as defined by NI 43-101. 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.
Annual general meeting results
Radisson is also happy to announce that the seven candidates designated in the management proxy circular dated May 1, 2015 were elected to the Corporation's Board of Directors during the shareholder's annual meeting held in Rouyn-Noranda on June 5, 2015.
The shareholders were represented in person or by proxy by 44,576,846 category A shares, or 53.87% of the 82,752,503 outstanding category A shares. Voting results are presented below:
The proposal to name Deloitte & Touche S.E.N.C.R.L. as the Corporation's independent auditor as described in the management proxy circular was adopted by the shareholders.
Granting of Stock options
Radisson Mining Resources, in compliance with the Corporation's stock option plan, has granted incentive stock options making it possible for five of the seven directors to purchase category A shares of the Corporation's. In whole, 475,000 Stock options were granted. These options can be exercised over a five-year period that is to say until June 4th 2020, at $0.13 per share.
ABOUT RADISSON MINING RESOURCES:
Radisson is a Quebec-based mineral exploration company. The O'Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson's main asset. It contains the old O'Brien Mine, which is considered to have been the Abitibi Greenstone Belt's highest-grade gold producer during its 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.
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Contacts:
Mario Bouchard
President and CEO
819-277-6578
Hubert Parent-Bouchard
Director of finance
819-763-9969
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Datum: 09.06.2015 - 14:46 Uhr
Sprache: Deutsch
News-ID 399244
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Mining & Metals
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