Radisson's O'Brien Ready for a Renaissance Property Rallies Back With New Gold Finds, New Extraction Methods.ROUYN-NORANDA, QUEBEC--(BUSINESS WIRE)--NOVEMBER 7, 1995--Radisson Mining Res.(ME: RDS (1) (Remote Data Services) A set of programming interfaces from Microsoft that enables users to update data on the Internet or intranets from their ActiveX-enabled browser. ) Persistence has panned out for Quebec's Radisson Mining Resources Inc. Their latest exploration efforts at the historic O'Brien property have confirmed and identified a gold resource totalling more than 200,000 ounces. A hotbed hotbed, low, glass-covered frame structure for starting tender plants. It differs from a cold frame only in that the soil is heated—either artificially as by underground electric wiring or steampipes, or naturally with partially fermented stable manure, which of mining activity since 1925, the O'Brien property ran headlong into rising operation costs and now environmentally unsound unsound said of an animal, usually a horse, which has been examined for soundness and found to be unsatisfactory. processing practices in the seventies. However, Radisson which acquired an option to purchase 50 percent of the property in 1994 is pioneering the use of environ-friendly "bioleaching" to extract the contained gold, and initial tests show a 90 percent recovery rate. The 574-hectare property is located roughly 600 km northwest of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. in Cadillac. Although the site's last owners had been stymied by low recoveries following the delegalization of the common "roasting" process, previous owners had seen an average recovery rate of 96 percent and interest in the region continues to remain high. Barrick Gold, Cambior, and Agnico-Eagle are among the owners of the 20 titled producing mines neighbouring the Radisson site. And now that "roasting" has been replace by "bioleaching" - the current metallurgical method of freeing up gold from its sulphide bonds - Radisson has a low cost, efficient, and safe method of deriving high returns on its processed gold ore. "Where once we could only expect a 30 percent recovery rate, now we've seen results of greater than 90 percent recovery," said Jean Lelievre, test coordinator for Radisson. "And bioleaching has other advantages: it is a less expensive process than roasting, it requires fewer specialists on site, and it is a process that does no harm to the environment, "Lelievre added. With 1 million tons of ore reserves, $1 million in future investment, and a 220 ton per day on-site processing plant ready for production, the O'Brien property is expected to recover its former glory, if not its old title as "the richest mine in Quebec". Radisson hopes the two shafts, one winze winze n. An inclined or vertical shaft or passage between levels in a mine. [Alteration of obsolete winds, probably from wind2, apparatus for winding.] mine and the newly explored Zone 36E, to be in full production by late 1997 or early 1998. Working in cooperation with Breakwater breakwater, offshore structure to protect a harbor from wave energy or deflect currents. When it also serves as a pier, it is called a quay; when covered by a roadway it is called a mole. Resources Ltd., Radisson is keeping an eye on the 1998 deadline it has set itself. A provisional prospectus was completed and released in mid-October and public financing is beginning to fall into place. While Radisson's development of the O'Brien property is another feather in their cap and has galvanized gal·va·nize tr.v. gal·va·nized, gal·va·niz·ing, gal·va·niz·es 1. To stimulate or shock with an electric current. 2. shares which have been on the rise since 1992, the company's exploration interests are diverse. Radisson's prospects for further development of their Massicotte and Lac Gignac properties are encouraging. A copartnership COPARTNERSHIP. This word is frequently used in the sense of partnership. (q.v.) with CS Resources has seen work at Massicotte which - Cyprus Canada and Radisson earmarked for continued exploration - turn our promising initial return. Radisson has mineral rights to, or owns options in, 14 properties in the celebrated Abitibi mining region. These properties are comprised of 689 claims, a mining concession, and a mining lease, covering over 13,000 hectares. CONTACT: Guy Parent Executive Vice-President 819/797-0606 819/797-0100 (fax) Jean-Marie Dupont President 819/762-2305 819/797-0100 (fax) Jean Martineau Investor Relations Investor relations The process by which the corporation communicates with its investors. 514/979-0511 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-236-4266 or 80 |
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