Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

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 →

More from Radisson Mining Resources Inc.

Nov 04, 2026 · 06:31

Radisson reports narrow high-grade intersections at its project, though continuity and scale remain unproven at this stage.

Drill Results Nov 02, 2026 · 06:31

Radisson advances underground ramp development at O'Brien, appointing a new vice president to oversee operations.

Production / Operations Sep 21, 2026 · 06:31

Radisson’s O’Brien deposit returned a best routine hole with high grades and widths, though the scale is already priced in.

Drill Results Sep 02, 2026 · 06:31

Radisson drilled 52.34 g/t over 3 m in Trend 1-2 Gap at its Agnico-backed project.

Drill Results Sep 01, 2026 · 08:21

Radisson closes a C$57 million placement to fund underground derisking at its O'Brien deposit.

Financings Aug 24, 2026 · 06:31

Radisson takes a 10.45% stake at c$1.07 to fund the O'Brien underground program.

Financings