- Radisson Mining (TSXV:RDS) unveiled new drill results from its O’Brien gold project in the Abitibi region of Quebec, including record-high grades for the property up to 293 grams per ton of gold
- Radisson Mining Resources is a Canadian gold explorer active in Quebec
- Radisson Mining stock has added 150 per cent year-over-year and 50 per cent since 2020
Radisson Mining (TSXV:RDS) unveiled new drill results from its O’Brien gold project in the Abitibi region of Quebec, including record-high grades for the property up to 293 grams per ton (g/t) of gold.
This content has been prepared as part of a partnership with Radisson Mining Resources Inc., and is intended for informational purposes only.
Four drillholes, wedges from the previously reported OB-24-337, returned the record-high grades, tracing a large and continuous zone of gold-bearing veins discovered in the first three wedges reported in April. Highlights include:
- OB-25-337W7: 89.36 g/t gold over 3.7 metres, including 293 g/t gold over 1.1 metres; 16.43 g/t gold over 8.1 metres, including 60.75 g/t gold over 2.1 metres; 9.69 g/t gold over 1.3 metres.
- OB-25-337W5: 47.70 g/t gold over 1 metre; 5.25 g/t gold over 4 metres, including 17.90 over 1 metre.
Radisson is also sharing results for 10 shallower drillholes adjacent to the historic mine workings on Trend #0, including drillholes in and around the Jewellery Box zone, the latter yielding bonanza-grade gold of 1,345 g/t gold over 1 metre in OB-24-347. Highlights include:
- OB-25-370: 4.32 g/t gold over 6.5 metres, including 10.49 g/t gold over 2.1 metres.
- OB-25-372: 7.05 g/t gold over 2.5 metres, including 15.95 g/t gold over 1 metre.
The O’Brien gold project is estimated to contain 580,000 ounces indicated and 930,000 ounces inferred, and produced a 2025 preliminary economic assessment detailing an after-tax net present value (discounted at 5 per cent) of C$871 million and initial capital costs of only C$175 million at US$3,300 per ounce of gold.
Leadership insights
“Since last December, we have been reporting the delineation of a series of high-grade gold-bearing veins developed over a large area up to 500 metres below the base of the historic O’Brien gold mine,” Matt Manson, Radisson Mining’s president and chief executive officer, said in a statement. “In today’s news release, we are reporting the highest-grade intercepts returned to date from this area, with the results of four new wedges drilled from our initial pilot hole. We are now delineating up to six mineralized zones over hundreds of metres, which appear related to mapped veins at the base of the former mine and which are outside the scope of the conceptual mine plan contained in our recently reported preliminary economic assessment. A priority of our ongoing 50,000-60,000 metre drill program at O’Brien is large step-outs below the current mineral resources and the historic mine in a ‘proof-of-concept’ approach to test the potential extension of the O’Brien mineralizing system to 2 kilometres depth. To date, this strategy has been remarkably successful, with important implications for the future scale of the project.”
“We are also reporting today several shallower drillholes targeting the surface projection of the famous Jewellery Box zone, rediscovered by Radisson with bonanza grades late last year, as well as the downward extension of our mineral resource block model on “Trend #0″ adjacent to the Jewellery Box stope,” Manson continued. “Both target areas have returned high-grade intercepts, demonstrating extensive gold mineralization in and around this target area.”
About Radisson Mining
Radisson Mining Resources is a Canadian gold explorer active in Quebec.
Radisson Mining stock (TSXV:RDS) is up by 9.76 per cent trading at C$0.45 as of 9:45 am ET. The stock has added 150 per cent year-over-year and 50 per cent since 2020.
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