Surface exploration by Radisson Mining Resources (RDS-M) has confirmed a zone of at least three quartz veins containing free gold at the past-producing O’Brien gold mine in the Abitibi region of Quebec.
Several holes tested Zone 2V in the southern unit (known as the Pontiac group), returning: 3.05 metres grading 9.6 grams gold per tonne; 1.04 metres of 55.5 grams; 1.25 metres of 16.1 grams and 0.58 metre of 185 grams.
The junior also reports that, in the northern unit (or Cadillac group), other smoky-quartz veins were discovered.
A surface drill program will test these structures, which are peripheral to the known resource at O’Brien of 1.27 million tonnes grading 6.9 grams gold.
This resource is within a unit called the Pich group.
Radisson Chairman Guy Parent says it is important to verify the new zones as they run fewer than 300 metres south and north of the main shaft.
The surface drill program will be followed by an underground program in 1997.
Radisson can acquire a 50% interest in O’Brien from owner Breakwater Resources (BWR-T) by spending $3 million on exploration by the spring of 1999 and issuing 500,000 shares. Since the agreement was signed, Radisson has spent $1.5 million on exploration and issued 200,000 shares.
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