Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Drill Results Routine +

Radisson Extends High-Grade Gold Mineralization at O'Brien to 1.9 Kilometres Depth with Latest Drill Results

Deep Drill Success Validates O'Brien Resource Potential Despite Valuation Run-Up

By The Northwire Desk — AI Analysis Apr 30, 2026 · 06:31 RDS · 1.02 Radisson Mining Resources Inc.
Executive Summary
  • Radisson Mining Resources announced high-grade gold assay results from sixteen new drill holes at its 100%-owned O'Brien Gold Project in Quebec on April 30, 2026.
  • The headline result comes from hole OB-26-384, the deepest hole ever drilled at the project, intersecting 4.54 g/t Au over 12.0 metres at a vertical depth of 1,900 metres.
  • This intercept is approximately 350 metres below the current limit of mineral resources in this area as defined by the March 2026 Mineral Resource Estimate (MRE).
  • The company reports a 79% success rate for completed drill holes since December 2024, with seven out of seven holes in central target areas returning intercepts consistent with existing resources.
  • The drilling program is part of an ongoing 140,000-metre step-out plan designed to test mineralization down to a 2-kilometre depth floor.
  • Seven drill rigs are currently active at the project with 22 additional holes completed or in progress.
Material Impact
  • The news confirms the company's exploration thesis that the O'Brien gold system is open at depth, validating the March 2026 MRE update which already indicated significant resource growth potential.
  • While the results are positive and high-grade (4.54 g/t Au), they fall within the expected parameters of the announced 140,000-metre drill program funded in late 2025.
  • The extension to 1,900 metres reduces exploration risk for future resource conversion but does not represent a sudden, unexpected material change like a takeover or new strategic investor entry.
  • Given the stock price has already rallied from $0.30 to over $1.00 in anticipation of these results and the March MRE update, much of this positive information is likely priced in.
  • The news supports continued development but does not alter the fundamental timeline for production (estimated 3.5-year permitting process) or immediate cash flow generation.
RDS · Price
Company Overview
  • Company: Radisson Mining Resources Inc., focused on gold exploration in Quebec, Canada.
  • Flagship Project: O'Brien Gold Project (100% owned), located in the Cadillac area of Quebec.
  • Project Status: Exploration and Development stage; Preliminary Economic Assessment (PEA) completed in July 2025 with an NPV of C$532M at $2,550/oz gold price.
  • Resource Base: As of March 2026 MRE, Indicated resources are 0.63 Moz Au and Inferred resources are 1.69 Moz Au (82% increase in Inferred from prior estimates).
  • Mining Method: Conceptual underground long-hole stoping with off-site toll milling at IAMGOLD's Doyon mill to reduce capital expenditure.
Read the original news release →

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