Radisson Announces Latest Drill Results Extending High-Grade Gold Mineralization Beneath and Adjacent to the Former O'Brien Gold Mine
Radisson reports narrow high-grade intersections at its project, though continuity and scale remain unproven at this stage.
Radisson Mining Resources Inc. (RDS) reported nine new drill holes from wedge branches off three pilot holes at its 100%-owned O’Brien Gold Project, targeting deep extensions beneath the western and central former mine workings. The release details assays from both Piché Group host rocks and Pontiac Group hanging-wall rocks, using a 3.00 g/t Au bottom cut-off, uncapped grades, and estimated true widths of 30–80% of core length.
Key reported Pontiac Group intervals include: * OB-25-377W6: 44.18 g/t Au over 1.3 m, plus 5.22 g/t Au over 2.1 m including 7.08 g/t Au over 1.1 m * OB-26-394: 3.21 g/t Au over 11.0 m including 10.22 g/t Au over 1.0 m, and 15.75 g/t Au over 1.2 m * OB-25-377W7: 5.35 g/t Au over 2.2 m including 9.30 g/t Au over 1.0 m
Key reported Piché Group intervals include: * OB-25-377W6: 3.19 g/t Au over 6.40 m including 14.78 g/t Au over 1.0 m * OB-26-394W2: 3.47 g/t Au over 7.6 m including 7.23 g/t Au over 1.2 m and 6.70 g/t Au over 1.5 m, plus 3.40 g/t Au over 10.4 m including 8.01 g/t Au over 1.0 m and 8.10 g/t Au over 1.5 m
The release does not give full from/to intervals in the body text; selected downhole depths are given for Pontiac intervals, including 630 m and 790 m in OB-26-394, 818 m and 824 m in OB-25-377W6, and 782 m and 788 m in OB-25-377W7. Radisson states 8 of the 9 holes returned intercepts above 3 g/t Au, and that the program-wide “hit rate” since late 2024 is 83% (114 of 137 holes). The company also states there is insufficient drill data to assess Pontiac continuity or structural controls.
Radisson Mining Resources Inc. (RDS) released step-out exploration evidence that does not update the Mineral Resource Estimate, provide a new Preliminary Economic Assessment, or quantify tonnage and mineable continuity for the Pontiac cluster. The company is not currently quantifying a resource or reserve event with this release.
Prior-period context includes the January 31, 2026 Mineral Resource Estimate, which contains 0.63 moz Indicated at 5.59 g/t Au and 1.69 moz Inferred at 5.08 g/t Au. A July 2025 Preliminary Economic Assessment described an 11-year mine life. The company is funded by a C$57.2M Agnico Eagle investment plus prior flow-through financings.
At approximately C$473M market capitalization, the equity is not a micro-cap. The market already prices an advanced, Agnico-backed, multi-million-ounce O’Brien system.
The stock has de-rated from its C$1.30 August 2026 high and C$1.17 level around the September 21 drill release to C$0.92 on November 3. The market is not currently priced for a repeat of the July record 316.31 g/t over 5.1 m or the September 68.24 g/t over 6.2 m holes.
The most material positive is the suggestion of a high-grade Pontiac hanging-wall cluster over 700 m strike, 700–750 m depth, with multiple high-grade intercepts. The offsetting fact is that Radisson itself says continuity and structural controls are not yet established. On balance, the release adds geological optionality but does not change the resource base, mine plan, or near-term valuation case.
Radisson Mining Resources Inc. (RDS) is a gold exploration company focused on its 100%-owned O’Brien Gold Project in the Bousquet-Cadillac mining camp along the Larder Lake–Cadillac Break in Abitibi, Québec. The company’s January 31, 2026 mineral resource estimate (MRE) contains 0.63 moz Indicated at 3.49 Mt and 5.59 g/t Au, plus 1.69 moz Inferred at 10.37 Mt and 5.08 g/t Au.
The July 2025 preliminary economic assessment (PEA) described an 11-year mine life using existing regional infrastructure, with potential toll-milling at IAMGOLD’s Doyon mill under a memorandum of understanding (MOU). Agnico Eagle owns approximately 10.45% on a non-diluted basis and 14.90% partially diluted after the C$57.2M strategic investment. The release’s latest corporate update cites 514,568,162 common shares outstanding.
Prior-period context not disclosed in today’s release includes Q1-2026 cash of C$15.97M, with about C$12M in guaranteed investment certificates (GICs) and no debt. The company reported strong liquidity after the Agnico placement and flow-through financings. No new financial results are reported in this release. It is a drill-results release, so earnings-oriented metrics are not updated here.