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Radisson Mining Resources reports exploration and development activity for the 100%-owned O'Brien Gold Project in the Abitibi region of Québec. Company announcements focus on step-out drilling beneath the historic O'Brien gold mine, high-grade gold assay results, vein-hosted mineralization, geological modelling, and updates to mineral resource estimates.
Recurring developments also include metallurgical and preliminary economic assessment work tied to processing and project planning, site-operating updates, warrant exercises and other financing activity, and board or governance changes. The news record centers on how Radisson defines the scale, continuity, and potential development path of gold mineralization at O'Brien.
Radisson Mining Resources has promoted Hubert Parent-Bouchard to Chief Financial Officer, effective March 5, 2021. With over ten years in finance and a key role in raising over $30 million for the company, Parent-Bouchard aims to enhance Radisson's growth trajectory, particularly for the O’Brien gold project. He has been with the company since 2014, contributing significantly to business restructuring and investor relations. The promotion aligns with Radisson's focus on unlocking potential in its mining operations. The company also granted him stock options for future performance.
Radisson Mining Resources Inc. (OTC: RMRDF) announces significant changes in its board and management team. Michael Gentile, previously a Strategic Advisor, is appointed as a Director, with two more directors expected soon. CEO Mario Bouchard retires, with Rahul Paul becoming Interim CEO. The company aims to enhance technical and financial strength, preparing for value creation at the O’Brien Gold Project. Donald Trudel joins as Senior Project Geologist to bolster the technical team. The firm anticipates these changes will streamline decision-making and leverage the ongoing drilling successes.
Radisson Mining Resources announced substantial high-grade gold intercepts from its ongoing 130,000 m drilling program at the O’Brien gold project in Quebec. Significant results include 24.22 g/t Au over 3.00 m at 280 m below the resource boundary and multiple intercepts at depths of 120 m to 170 m below the boundary, indicating strong resource expansion potential. As of now, 60,499 m have been drilled with results for 11,360 m still pending, and the company maintains a robust cash position of approximately $14.5 million.