Radisson Increases Its Land Area With Phosphate Potential Near Its "Lac Gouin SSO" Property by More Than 250%
17 Dezember 2013 - 2:00PM
Marketwired
Radisson Increases Its Land Area With Phosphate Potential Near Its
"Lac Gouin SSO" Property by More Than 250%
ROUYN-NORANDA, QUEBEC--(Marketwired - Dec 17, 2013) - Radisson
Mining Resources Inc. (TSX-VENTURE:RDS), with the goal of being a
dominant player in phosphate in Québec, has acquired two properties
located near its flagship "Lac Gouin SSO" property. They are the
Riverin block (30 cells/area of 1,700 hectares) approximately 2 km
north of the "Lake Gouin SSO" property and the Klemka block (57
cells/area of 3,200 hectares) about 22 km to the east.
These two new blocks and the "Lac Gouin SSO" property (55 cells
covering approximately 3,060 hectares) position Radisson with
nearly 8,000 ha in the area. The Lac Gouin SSO property is located
approximately 115 km north of the city of Saguenay in the Lac
Saint-Jean region of the province of Québec and is easily
accessible by logging roads.
The Lac Gouin SSO property lies in the Grenville Geological
Province. It is included in the Lac-Saint-Jean anorthosite, which
is the largest known anorthosite complex in the world, covering
about 20,000 square kilometres (MRNF Géologie Québec report:
Laurin, A.F., Sharma, KNM, 1975, RG161). In Québec, the Grenville
Province contains phosphate resources associated with anorthosite
complexes, bedded igneous complexes and the carbonatites of
alkaline complexes.
The three blocks of Radisson's "Lac Gouin SSO" phosphate project
cover areas with high magnetic values ?Çï?Çïthat could correspond
to mafic rock complexes rich in apatite, magnetite and ilmenite.
They also contain strong phosphorus (P) and titanium (Ti)
lake-bottom sediment anomalies, (Reference: Nouvelles données
géochimiques de sédiments de fond de lac au
Saguenay-Lac-Saint-Jean, 2011, Labbe, JY, MRNF, PRO 2011-01).
The Klemka block covers part of the Sault aux Cochons massif
(according to Owens and Dymek (2001): Petrogenesis of the
Labrieville Alkalic Anorthosite Massif, Grenville Province, Québec)
where apatite and ilmenite bearing gabbro-norite is described.
Recent prospecting by Radisson covering about 25% of the Lac
Gouin SSO property brought to light a new P2O5 and TiO2 showing
(sample no. GL 10-47) grading 4.5% P2O5 and 3.9% TiO2. All samples
were analyzed by ALS-Chemex of Val-d'Or using X-ray fluorescence
and ICP.
No apatite is currently being mined in Québec but two advanced
projects to produce phosphate rock for the global market are
currently under study. They are Arianne Phosphate Inc.'s Lac à Paul
project, north of Lac St-Jean, with a measured-indicated resource
of 590 Mt @ 7.13% P2O5 at a cut-off grade of 4.0% P2O5 (Reference:
43-101 Technical Report, GoldMinds Geoservices, March 2013), and
the Arnaud Mine project in Sept-Iles with a measured-indicated
resource of 482 Mt @ 4.18% P2O5 at a general cut-off grade of 1.76%
P2O5 (Reference: Pre-Feasibility Study, SGS Canada, July 2013).
The technical information in this release has been reviewed and
approved by Yolande Bisson, Eng. MBA, Qualified Person as defined
in National Instrument 43-101.
WEBSITE:
For further information about Radisson Mining Resources and its
projects, please visit the Company's new website
(www.radissonmining.com).
A map is available at the following address:
http://media3.marketwire.com/docs/918168a.pdf
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Mario BouchardPresident and
CEO819-797-0606mbouchard@radissonmining.comDonald Lacasse, Eng.Vice
President, CFO and
Secretary-Treasurer819-797-0606dlacassse@radissonmining.comwww.radissonmining.com
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