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Radisson Mining (TSXV: RDS) announced assay results from the O'Brien Gold Project

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Radisson Mining (TSXV:RDS) announced assay results from the first four holes of its drill program at the O'Brien gold project in Quebec. The company’s flagship O’Brien project hosts the former O’Brien Mine, considered to have been the highest-grade gold producer in the Abitibi Greenstone Belt.

Additional Information:

Company: Raddison Mining
Website: http://www.radissonmining.com
Stock Symbol: TSXV: RDS
Date Published: Apr 21, 2016
Transcript: Available

Video Transcript:

I’m Tia Borden for Investmentpitch Media

Radisson Mining (TSXV:RDS) announced assay results from the first four holes of its drill program at the O'Brien gold project in Quebec. The company’s flagship O’Brien project hosts the former O’Brien Mine, considered to have been the highest-grade gold producer in the Abitibi Greenstone Belt.

During the period from 1926 to 1957, the O’Brien Mine produced approximately 587,000 ounces of gold from 1.2 million metric tonnes, for a grade of 15.25 grams per tonne gold.

Highlights from the April 20th news release include Drill Hole 16-3, which intersected 12.73 grams per tonne gold over 1 metre, including 23.79 grams per tonne over .5 metres, with the presence of visible gold.

Mario Bouchard, President & CEO, stated: “These results come as a surprise. Assay results and the presence of visible gold in three out of the six drill holes completed up to date underlines strong exploration potential in the Pontiac Group, which has never been the subject of any compilation work or definition drilling.”

In December 2015, a Technical Report and Preliminary Economic Assessment was published for the 36E and Kewagama area of the O'Brien project, which is available on Sedar.com.

The company had previously reported 571,000 tonnes grading 6.5 grams per tonne in the indicated category for 120,000 ounces of gold and 918,000 tonnes grading 6.4 grams per tonnes in the inferred category for another 188,000 ounces of gold, using a cut-off of 3.5 grams per tonne.

Radisson Mining is currently raising up to $1 million through an offering of $0.15 units.

These units are being offered by way of a crowdfunding campaign on Red Cloud Klondike Strike (www.redcloudks.com),
a unique secure online investment platform serving the mining industry.

This offering is not a pure crowdfunding campaign, because Radisson has prepared an Offering Memorandum, which opens the offering to a far larger base of investors, while also increasing the potential size of the investment for each individual or corporation.

The shares are trading at $0.145, and with 88.4 million shares outstanding, the company is capitalized at $12.8 million.

For more information, please visit the company’s website www.radissonmining.com, or contact Mario Bouchard, President and CEO at 819-277-6578 or email mbouchard@radissonmining.com.

I’m Tia Borden for Investmentpitch Media