- Radisson Mining Resources (RMRDF, Financial) expands its drill exploration program at O'Brien Gold Project in Quebec with an additional 30,000-40,000 meters of drilling.
- The program is funded by a successful C$12 million financing, targeting a significant exploration potential of 3-4 million ounces of gold.
- A fourth drilling rig will be added to the project in June to accelerate the exploration process.
Radisson Mining Resources Inc. (OTCQB: RMRDF) has announced a substantial expansion of its drill exploration at the 100%-owned O'Brien Gold Project in Quebec. Boosted by a successful C$12 million financing, the company is introducing an additional 30,000-40,000 meters of drilling. This includes 18,000 meters planned for 2025, supplementing the already scheduled 22,000-meter program. The remainder of the drilling is expected to complete in 2026.
The expanded exploration aims to delve up to 2 kilometers below the historic O'Brien mine, where promising high-grade gold mineralization has been recently observed. The current resource estimate at the site includes 0.50 million ounces of Indicated Resources (1.52 million tonnes at 10.26 g/t Au) and 0.45 million ounces of Inferred Resources (1.60 million tonnes at 8.66 g/t Au). Radisson projects an exploration potential of 3-4 million ounces at a depth of 2,000 meters, contingent on sustaining current mineralization levels.
By June, a fourth drilling rig will be operational, enhancing the company's capacity to meet its ambitious exploration objectives. This initiative not only reinforces Radisson's commitment to expanding its resource base but also underscores the significant potential of the O'Brien project in yielding further gold mineralization.
