Mining
Resources

RDS Gold runs in our veins

snapshot

Radisson generates value for its shareholder through the acquisition, exploration and development of mining project in a sustainable manner.

To realize its mission Radisson is pursuing the advanced exploration of zone 36E and Kewagama areas of the O’Brien project. A Preliminary economic assessment (PEA) was published at the O'Brien gold project in 2016. A 10,000 metres exploration drilling program is underway at the O'Brien gold project.

The O’Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson’s main asset. The former O’Brien Mine, is 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).

Location

Radisson’s head office is located in Rouyn-Noranda, 650 km North West of Montreal, Quebec. In 2014, the Fraser Institute ranked the jurisdiction of Quebec in sixth place worldwide for its attractiveness for mining investment.

The O’Brien project is located half way between Rouyn-Noranda and Val-d’Or along the world-renowned Larder-Lake-Cadillac fault. The area is renowned for its world-class mining infrastructure, working pool and the mining knowledge the local contractors have built in the past. 

Resources - April 2015

 Indicated Inferred 
Area Cut-off
g/t Au
Tonnage Grade
g/t Au
Ounces Area Cut-off
g/t Au
Tonnage Grade
g/t Au
 Ounces
 
All 
Areas 
 2.00 1,384,700 4.22 188,049  
 All
Areas
2.00 3,388,500 3.64  396,601  
 2.50 991,200 5.01 159,770 2.50 2,254,100  4.36  315,725  
 3.00
748,800 5.75 138,456 3.00 1,525,300  5.12  251,293  
 3.50 570,800 6.53 119,819 3.50 918,300  6.38  188,466  
 4.00 444,300 7.33  104,676  4.00 663,500  7.42  158,273  
 5.00 320,800  8.43  86,939   5.00 486,200  8.52  133,245  
Notes:
· The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by NI 43-101, are Pierre-Luc Richard, P.Geo., M.Sc. and Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc., and the effective date of the estimate is April 10, 2015.
· Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
· The resource model includes the previously named 36E and Kewagama zones. The historical O’Brien mine area is not included in this resource as it is not compiled nor validated at the time this estimate is being published. The model includes 56 gold-bearing zones; not all of which include resource at the official cut-off grade. A dilution envelope was also modelled, but no resource at the official cut-off grade is being reported for said envelope.
· Results are presented in situ and undiluted.
· Sensitivity were compiled at 2.0, 2.5, 3.0, 3.5, 4.0 and 5.0 g/t Au cut-off grades. The official resource is reported at 3.5 g/t Au cut-off grade.
· Cut-off grades must be re-evaluated in light of prevailing market conditions (gold price, exchange rate and mining cost).
· A fixed density of 2.67g/cm3 was used for all zones.
· A minimum true thickness of 1.5 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.
· High grade capping (Au) was done on raw assay data and established on a sector basis (Western zones: 65 g/t, Eastern zones: 30 g/t, Western dilution zone: 3.5 g/t Eastern dilution zone: 4.0 g/t).
· Compositing was done on drill hole intercepts falling within the mineralized zones (composite = 0.80 m).
· Resources were evaluated from drill hole using a 2-pass inverse squared distance (ID2) interpolation method in a block model (block size = 3 m x 3 m x 3 m).
· The inferred category is only defined within the areas where blocks were interpolated during pass 1 or pass 2. The indicated category is only defined in areas where the maximum distance to closest drill hole composite is less than 20m for blocks interpolated in pass 1. Reclassification was conducted locally in order to respect CIM guidelines.
· Ounce (troy) = metric tonnes x grade / 31.10348. Calculations used metric units (metres, tonnes and g/t).
· The number of metric tonnes was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43-101.
· InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the Mineral Resource Estimate.