KEWAGAMA

Radisson Mining Resources Inc. announced initial drill results on its O’Brien-Kewagama project, Quebec, Canada.

Holes KW08-155A, 157 and 158 were drilled in a gap area between the 36 East Zone and the historic Kewagama Mine. Assay results included a narrow high grade zone in hole KW08-157 that assayed 480.9 gpt Au over 0.3 meters. In addition, hole KW08-155A encountered several high grade quartz veins within the Cadillac Group sediments including 0.67 gpt gold over 0.67 meters and 35.14 gpt gold over 0.3 meters. Within the eastern extension of the O’Brien Mine stratigraphy hole KW08-155A intersected a broad low grade zone of mineralization that averaged 13.7 meters grading 2.38 gpt gold. At the historic Kewagama Mine, seven holes, KW08-151, 154, 156, 159, 160, 163A and 164 were completed. Assay results for holes KW08-151 and KW 08-156 respectively encountered 3.0 meters grading 4.9 gpt Au and 2.0 meters grading 6.6 gpt gold. Hole KW08-164, drilled ~160 meters beneath the historic Kewagama mine workings, encountered a broad zone of strong alteration which graded 13.7 meters of 1.90 gpt gold as well as a second intercept of 0.3 meters which ran 13.4 gpt gold.

Five diamond drill holes were completed on the 36 E Zone, the objective of these holes was to test the eastern extension of the 36 E Zone between line 43E (eastern limit of the 36 E Zone) and line 51E. The second objective was to test a high grade gold zone within the #2 vein of the 36 E Zone on section 43E. In 1998, prior to National Instrument 43-101, Roscoe Postle & Associates (now Scott Wilson RPA) calculated a drill indicated gold resource of 383,500 tons averaging 0.422 oz/t [uncut] and 0.288 oz/t [cut to 2 oz/t Au] on the 36 E Zone.