Explorer Strikes Deep High-Grade Gold Zone in Canada

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Radisson Mining Resources Inc. (RDS:TSX.V; RMRDF:OTCQB) announced assay results from 15 new drill holes at its 100%-owned O'Brien Gold Project in Québec's Abitibi region. The step-out drill program targeted areas east of the historic O'Brien Mine and beneath the current mineral resource model. According to the company, all 15 holes intersected gold-bearing quartz-sulphide veins, and thirteen returned results consistent with the project's existing mineral resources.

Highlights from the program include hole OB-24-363, which intersected 8.41 grams per tonne (g/t) gold over 2.20 meters, including 14.40 g/t over 1.20 meters. Hole OB-24-354 returned 7.95 g/t gold over 2.30 meters, including 14.85 g/t over 1.0 meter, while OB-24-361 intersected 3.50 g/t over 5.0 meters, including 8.96 g/t over 1.28 meters and a separate intercept of 10 g/t over 1.0 meter.

Matt Manson, President and CEO of Radisson, stated in the release: "Of note, several of the holes represent deep step-outs below our 'Trend #2', pushing the scope of known mineralization downwards by up to 300 meters in this important area."

The newly reported holes fall outside the scope of the company's July 2025 Preliminary Economic Assessment (PEA) and the May 2025 mineral resource estimate. The current estimate includes 582,000 ounces of gold in the Indicated category (2.20 million tonnes at 8.2 g/t) and 932,000 ounces in the Inferred category (6.67 million tonnes at 4.4 g/t) based on a 2.2 g/t cutoff, a gold price of US$2,000 per ounce, and a minimum mining width of 1.2 meters.

The O'Brien Project is located along the Larder Lake-Cadillac Break, one of Canada's most prolific gold structures. Historical production from the original O'Brien Mine totaled over 587,000 ounces of gold at an average grade exceeding 15 g/t between 1926 and 1957.

Gold Reasserts Safe-Haven Status as Prices Hit Record Highs

Gold prices extended their rally in early September, reinforcing the metal's long-standing reputation as a safe-haven asset amid mounting inflationary pressures and global financial uncertainty.

On September 3, Gains, Pains & Capital reported that gold jumped as much as US$85 in a single day, reaching a record high of US$3,601 per ounce. This milestone reflected a 34% year-to-date gain. The commentary attributed the sharp move to what it called "BAD inflation," highlighting historical cycles where gold outperformed equities during similar periods of economic instability.

The report noted that gold's technical breakout signaled a broader shift in investor sentiment. "When gold outperforms stocks, it's a major 'tell' that inflation is reaching the tipping point," the analysis stated, drawing comparisons to past inflationary eras marked by precious metals' strength.

 Senior Analyst Jeff Valks  of The Gold Advisor  concluded that "O'Brien is shaping up to be a bigger story than it was even a few months ago."

On September 4, Midas Letter underscored the macroeconomic backdrop driving gold's momentum. Spot gold hit US$3,578.50, while December futures rose above US$3,610. The report pointed to the U.S. Treasury's increasing reliance on short-term debt as a contributing factor, describing it as "a relentless, high-frequency churn of trillions of dollars." Writer James West suggested this shift in fiscal behavior added to the long-term structural case for gold.

A day later, Stockhead confirmed continued price strength, citing London Bullion Market Association pricing of US$3,556 per ounce. The publication noted that gold had reached nearly 30 all-time highs in 2025 alone.

Investor interest in gold has remained elevated throughout the year. On September 10, Yahoo Finance reported that gold had more than doubled in value over the past three years and risen over 40% year-to-date, significantly outpacing the S&P 500's 10% increase and bitcoin's 20% gain. Analysts pointed to persistent macroeconomic concerns, including geopolitical instability and skepticism about central bank policies, as key drivers.

Analysts Highlight Resource Expansion and Market Momentum

On September 8, Jeff Clark of The Gold Advisor highlighted Radisson Mining's continued progress at its O'Brien Gold Project, stating that the company had "released more drill results this morning, and as JV notes they're outside the portion of the deposit where the PEA was done and are still high-grade." Clark noted that the stock was "flying" following the announcement and confirmed that Radisson remained an overweight position in his portfolio.

In the same report, Senior Analyst Jeff Valks underscored the significance of the latest step-out drill results, calling them "high-grade" and "stretch[ing] the footprint well beyond the current model — and past the boundaries of the PEA itself."

Valks explained that all 15 drill holes intersected gold mineralization in classic quartz-sulphide veins, with thirteen returning grades and thicknesses consistent with the company's existing mineral resource model. According to Valks, "O'Brien's mineralized zone keeps on growing."

The analysis referenced multiple intercepts from the new drilling, including 8.41 grams per tonne gold over 2.2 meters and 7.95 grams per tonne gold over 2.3 meters, all encountered in deep step-outs. Valks emphasized that mineralization was intersected up to 500 meters beneath the historic mine, contributing to what the company has described as a conceptual exploration target of 3 to 4 million ounces of gold. He noted that this extended footprint "would make the company a very attractive buyout target."

According to Valks, Radisson's fully funded 50,000 to 60,000 meter drill program and the potential addition of 90,000 to 100,000 meters of new data from outside the existing resource and mine plan set the stage for further updates. He concluded that "O'Brien is shaping up to be a bigger story than it was even a few months ago."

Ongoing Drilling Continues to Test Depth and Lateral Continuity

Radisson's current 50,000 to 60,000 meter drill program is fully funded and aims to expand the mineral resource base beyond the limits of the existing model and PEA mine design. According to the company, four rigs are currently active at the O'Brien Gold Project. The ongoing focus is on extending mineralization below historical mine workings and across several identified structural trends over a 5.2-kilometer strike length.

Notably, deep step-out drilling beneath the historic mine has outlined a 250-meter by 250-meter area of high-grade gold mineralization, including intercepts such as 31.24 g/t gold over 8.0 meters and 242.0 g/t over 1.0 meter. The company has reported visible gold in 19 of 27 pilot and wedge holes completed to date beneath the historic workings.

In July 2025, Radisson released a PEA that outlined an 11-year mine life using off-site toll milling under a Memorandum of Understanding with IAMGOLD for processing at the Doyon mill. The study projected a post-tax net present value (NPV) of C$532 million at a 5% discount rate and an internal rate of return (IRR) of 48%, based on a US$2,550 gold price and a CA$175 million initial capital cost. Life-of-mine all-in sustaining costs (AISC) were estimated at US$1,059 per ounce.

Radisson's approach combines exploration-driven growth with a development strategy based on utilizing existing regional infrastructure. The company continues to collect baseline environmental data and pursue permitting steps, while advancing engineering studies and community consultations.

Ownership and Share Structure

According to Refinitiv, about 9% of the company is owned by insiders and management, and about 9% by institutions. The rest is retail.

Top shareholders include Michael Gentile with 5.2%, Knowave AG with 3.91%, U.S. Global Investors with 2.08%, Caisse de Depot et Placement du Quebec with 1.6%, and Denis Lachance with 1.52%, Refinitiv reported.

Its market cap is CA$176.85 million with 384.46 million shares outstanding. It trades in a 52-week range of CA$0.16 and CA$0.52.