Drilling has shown potential for a third high-grade mineralised trend, about 900m east of the old O'Brien mine, with multiple high-grade intercepts outside the boundary of defined resources. Highlights included 2.1m grading 45.86 grams per tonne with visible gold showings obtained 260m below defined resources.
"Drill results from the O'Brien Project continue to validate our litho-structural model and demonstrate the potential for resource growth at depth and laterally along strike. Prior drilling demonstrated the potential for two high-grade mineralised trends, located about 300m and 600m respectively to the east of and bearing similarities to structures historically mined at the O'Brien Mine. Our efforts to step-out further to the east have been rewarded with multiple high-grade intercepts … that appear to highlight a third high-grade mineralised trend in a relatively untested area," said CEO Mario Bouchard.
Radisson has undertaken exploration on 1km of strike of a 6km prospective strike length along the Cadillac Break. It has completed 47,771m of its planned 60,000m drill programme and is funded to expand it to up to 75,000m.
Shares in Radisson Mining Resources are trading at C32c, valuing the company at $62 million.