ROUYN-NORANDA, Quebec, Feb. 27, 2018 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (“Radisson” or the “Company”) (TSX-V:RDS) (OTC:RMRDF) (FRANKFURT:2RX) is pleased to announce the appointment of Catherine Jalbert as exploration manager (“EM”) of the Company. Ms. Jalbert is a professional geologist (“P. Geo”) and Board member of the “Ordre des géologues du Québec” (“OGQ”) since 2017. She brings close to 10 years of experience to the Company, ranging from Greenfield exploration, 3D modelling to NI43-101 reporting.
Ms. Jalbert, P. Geo, studied Geology at Laval University and completed a bachelor degree in 2009 before beginning her career at InnovExplo, a Val-d’Or based Mining engineering and Geology consulting firm. She holds a strong expertise in 3D modelling and her experience ranges from exploration (Drilling, Prospection, geophysical surveying, geochemical soil survey etc.) to resource estimate mandates and environmental studies. Over the years, Ms. Jalbert worked with more than twenty junior and major mining companies in the Gold, Zinc, Uranium, Apatite and REE sectors.
Ms. Jalbert will be planning, coordinating and controlling all exploration activities of the Company. She will work in tight collaboration with Tony Brisson, P. Geo, independent consultant who will continue to supervise the advancement of the O’Brien project from a high-level perspective. Tony Brisson joined Radisson in 2016, since then more than 25,000 m of drilling have been completed with main objective of increasing resources of the O’Brien deposit. The exploration potential of the O’Brien project was highlighted through these campaigns, especially with the discovery of the Vintage Zone a few meters north of the O’Brien deposit. The Vintage Zone is located in the Cadillac sediments (North of the Cadillac Break), in a context comparable to the Lapa mine, located 8km east and owned by Agnico-Eagle.
“Having worked on multiple projects in the gold sector, Catherine possesses a vast experience in exploration. Her skillset and strong expertise in 3D modelling will enable Radisson to further investigate the exploration potential remaining at depth and along strike of the O’Brien deposit. Tony Brisson will continue to play a key role by supervising the big picture, mentoring the exploration team, sharing his expertise and knowledge of the project. Catherine’s appointment will create an enviable workplace that will benefit both the growth of the O’Brien project and the Company,” commented Radisson President & CEO Mario Bouchard.
The company also announces it has granted 100,000 stock options to its Exploration Manager in accordance with its stock option plan. The options are priced at $ 0.19 and expire on February 26, 2023.
Vintage Zone Drilling program
In December 2017, the company started a second phase 6,000 meters drilling program focused on the Vintage Zone of the O’Brien gold project (See Press release). Up to date, 3 wedge holes and 10 drill holes were completed for approximately 3,663 meters. The drilling program was designed to drill test the lateral continuity of the Vintage Zone between section of DDH OB-17-56 (See 27.5 g/t Au over 1.4 m) and OB-17-49 (See 6.9 g/t Au over 4 m). In 2017, the Vintage Zone has been traced over an 825 meters strike length from surface to 550 meters depth (See plan view). Assays are currently pending and should be made available in the coming weeks.
2018 PDAC Convention
Radisson’s management team will be available during the PDAC convention and invite you to visit Booth #2908 in the Investors Exchange in the Metro Toronto Convention Center from March 4-7, 2018 to discuss recent corporate development and exploration activities underway at the O’Brien gold project.
Notice of change of auditors
In conformity with Regulation 51-102 respecting continuous disclosure obligations (« Regulation 51-102 »), Radisson Mining Resources Inc. (the « Corporation ») advises of the following in regard with the change of auditor of the Corporation:
At the Corporation’s request, Deloitte LLP., Rouyn-Noranda, Quebec (« Former Auditor ») has resigned as auditor of the Corporation on February 22, 2018;
On February 22, 2018, the Corporation appointed Raymond Chabot Grant Thornton, Rouyn-Noranda, Quebec (the « Successor Auditor »), to replace the Former Auditor until the end of the next annual meeting of shareholders of the Corporation. The resignation of the Former Auditor and appointment of the Successor Auditor were approved by the Corporation’s Board of Directors; The Former Auditor has not expressed a modified opinion relating to its auditor’s reports relating to the period commencing at the beginning of the Corporation’s two most recently completed financial years and ending on the date of resignation of the Former Auditor and the Corporation’s Board of Directors determined that there are no « reportable events » (as defined in Regulation 51-102) relating to that period.
Radisson’s Board of Directors would like to thank Deloitte LLP for its excellent work over the last years.
Tony Brisson, P. Geo, independent consultant, acts as a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the technical information in this press release.
About Radisson Mining Resources Inc.
Radisson is a Quebec-based mineral exploration company. The O’Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson’s flagship asset. 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; InnovExplo, April 2015).
For more information on Radisson, visit our website at www.radissonmining.com or contact:
President and CEO
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Forward-Looking Statements: This press release may contain certain forward-looking information. All statements included herein, including the scheduled Closing date, but other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.