High-Grade Gold Intersected on Globex's Kewagama Gold Royalty Claims
Executive Summary
- Radisson Mining Resources reported multiple new gold intercepts on Globex’s Kewagama royalty claims, including deep step‑outs to 850–1,300 m vertical depth and high‑grade shallow hits (up to 15.10 g/t Au).
- The company highlighted an exploration target of 3–4 Moz Au in the O’Brien area (15–20 Mt at 4.5–8.0 g/t Au).
- Four drill rigs remain active, and drilling continues across the eastern portion of the Kewagama claims and adjacent Central Cadillac/Wood property.
Key Details
- Royalty Interest: Globex holds a 2% Net Smelter Royalty on the eastern part of Radisson’s East O’Brien area, extending to the 100% owned Central Cadillac/Wood Gold Mine property (including Ironwood deposit).
- Deep Intersections (850–1,300 m): New step‑outs extend known mineralization downwards by up to 300 m.
- Shallow Intersections (200–500 m): Multiple high‑grade hits between the deep zones and historic Kewagama shaft area.
Selected Drill Hole Results (Au g/t – Uncut, 3.00 g/t cut‑off)
| Hole | Trend | From (m) | To (m) | Core Length (m) | Au (g/t) |
|---|---|---|---|---|---|
| OB‑24‑352 | #2 | 521.0 | 522.0 | 1.00 | 13.10 |
| 703.0 | 704.5 | 1.50 | 3.73 | ||
| OB‑24‑355 | #3 | 432.4 | 433.7 | 1.30 | 3.91 |
| 466.8 | 468.9 | 2.10 | 3.49 | ||
| OB‑24‑359W1 | #3 | 429.3 | 430.8 | 1.50 | 3.88 |
| 495.0 | 496.0 | 1.00 | 11.20 | ||
| OB‑24‑361 | #3 | 195.5 | 196.5 | 1.00 | 4.46 |
| 572.4 | 573.4 | 1.00 | 15.10 | ||
| 633.0 | 638.0 | 5.00 | 3.50 (incl. 8.96 g/t) | ||
| OB‑24‑363 | #2 | 194.5 | 195.9 | 1.40 | 6.04 |
| 910.0 | 911.0 | 1.00 | 7.65 | ||
| 1,199.7 | 1,201.9 | 2.20 | 8.41 (incl. 14.40 g/t) | ||
| OB‑25‑363W1 | #2 | 1,037.0 | 1,038.4 | 1.40 | 4.16 |
| 1,056.5 | 1,058.0 | 1.50 | 4.04 | ||
| OB‑25‑366 | #2 | 619.0 | 620.0 | 1.00 | 3.71 |
| OB‑25‑371 | #2 | 1,402.0 | 1,404.5 | 2.50 | 3.99 (incl. 5.54 g/t) |
| 1,058.5 | 1,061.5 | 3.00 | 5.66 (incl. 9.97 g/t) | ||
| OB‑25‑375 | #3 | 538.0 | 539.5 | 1.50 | 7.38 |
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True widths are estimated at 30–80% of core length based on drill inclination.
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Exploration Target Statement (CEO Matt Manson): “Our Exploration Target at O’Brien is between 3 and 4 million ounces of gold in 15 to 20 million tonnes at 4.5‑8.0 g/t Au.”
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Drilling Activity: Four rigs are currently operating on the project; drilling will continue across both the Kewagama royalty area and the Central Cadillac/Wood property.
Notable Quotes
“Several of the holes represent deep step‑outs below our ‘Trend #2’, pushing the scope of known mineralization downwards by up to 300 metres in this important area.” – Matt Manson, President & CEO, Radisson Mining Resources Inc.
All technical information prepared by Jack Stoch, P.Geo., Executive Chairman & CEO of Globex Mining Enterprises Inc., qualified under NI 43‑101.