Radisson Mining Stock Price, News & Analysis

Radisson Mining Resources Inc. (OTCQX: RMRDF) is a gold exploration company focused on advancing its 100%-owned O'Brien Gold Project in the Abitibi region of Québec, Canada. For investors researching RMRDF stock or asking what Radisson Mining Resources does, the company’s core activity is the exploration and evaluation of high-grade gold mineralization at O'Brien, located in the Bousquet-Cadillac mining camp along the Larder Lake-Cadillac Break.

Core business and O'Brien Gold Project focus

Radisson describes itself as a gold exploration company centred on the O'Brien Gold Project. According to multiple company news releases, O'Brien is situated in the Bousquet-Cadillac mining camp along the Larder-Lake-Cadillac Break in Abitibi, Québec. The project is 100%-owned by Radisson. The company’s work is directed toward delineating and expanding gold mineral resources at O'Brien through drilling, surface work such as trenching, and technical studies including a Preliminary Economic Assessment (PEA) and metallurgical programs.

The O'Brien project has a Mineral Resource Estimate (MRE) that underpins Radisson’s technical disclosures. The company reports Indicated Mineral Resources and Inferred Mineral Resources at O'Brien, with the MRE prepared in accordance with National Instrument 43-101 and documented in an NI 43-101 technical report titled "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada." Radisson notes that this MRE is based on drilling completed to the end of 2022 and has been re-blocked using an updated cut-off grade to yield more tonnes and ounces at a lower average grade.

High-grade gold system and geological setting

Radisson’s disclosures emphasize that O'Brien hosts a system of quartz-sulphide-gold veins within rocks of the Piché Group in contact with the east-west oriented Larder Lake-Cadillac Break. Gold is described as being associated with pyrite and arsenopyrite, shearing, and pervasive biotite alteration, and is developed within multiple Piché Group lithologies and, in some cases, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.

Company technical commentary explains that individual veins at O'Brien are generally narrow, ranging from centimetre scale up to metre scale in thickness. Multiple veins occur sub-parallel to each other and to the Piché lithologies and the Larder Lake-Cadillac Break. These veins exhibit lateral continuity, with near-vertical high-grade shoots developed over significant lengths. Radisson notes that the historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au over a vertical extent of at least 1,000 metres, and that historic operations were "high-graded," focusing on a main central stope while parallel veins were identified but left undeveloped.

Historic mine and modern exploration trends

Modern exploration by Radisson has focused on delineating well-developed vein mineralization to the east and beneath the historic O'Brien mine, as well as in other areas of the property. The company describes the mineralization pattern as a series of repeating trends ("Trend #s 0 to 5") along the property. Drilling has targeted:

• Areas east of the historic O'Brien mine, below existing mineral resources (for example, Trend #2 and Trend #3 step-outs).
• Areas beneath the historic mine workings, including deep drilling from pilot hole OB-24-337 and multiple directional wedges.
• Zones adjacent to and below the historic "O'Brien Mine West" area.
• Shallower zones on "Trend #0," including around the interpreted surface projection of the historic "Jewellery Box" stope.

Radisson reports that step-out drilling has delineated multiple high-grade gold-bearing veins over broad areas beneath the historic mine and below existing mineral resources. For example, the company has disclosed that wedges drilled from deep pilot hole OB-24-337 have intersected multiple high-grade intercepts and delineated up to six gold-bearing veins over an area of approximately 250 metres (east-west) by 500 metres (vertical). These veins are interpreted to correspond to veins mapped at the base of the historic mine, several hundred metres above the new intercepts.

Step-out drilling programs and scale of work

Radisson has described an extensive, ongoing step-out drill program at O'Brien. According to company news releases, since late 2024 it has pursued broad step-outs beneath the historic O'Brien mine and the existing mineral resources, using pilot holes followed by wedges and directional drilling to maximize efficiency. The program has been expanded to a planned total of 140,000 metres of drilling, employing up to eight drill rigs.

The company reports that this program is designed as "proof-of-concept" drilling to test the extent of the O'Brien mineralizing system to an exploration horizon of up to 2 kilometres depth. Radisson notes that:

• Deep pilot hole OB-24-337, drilled below the historic mine workings, intersected high-grade mineralization at approximately 1,500 metres vertical depth.
• Multiple wedges from OB-24-337 and other pilot holes have intersected high-grade mineralization below existing resources and beneath the historic mine.
• Step-out drilling has confirmed mineralization below the base of current mineral resources at Trend #1 and Trend #2, as well as beneath O'Brien Mine West.

Radisson has also reported a high proportion of step-out drill holes intersecting mineralization with grades and thicknesses consistent with the Project’s current mineral resources. For example, in one summary of results, the company states that 56 out of 68 step-out drill holes and wedges intersected such mineralization, which it characterizes as an 82% success rate for this style of exploration drilling.

Preliminary Economic Assessment and project concept

Radisson has completed and filed a Preliminary Economic Assessment (PEA) for the O'Brien Gold Project, documented in the NI 43-101 technical report "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada." The company describes this PEA as a "snap-shot" study based on the existing MRE, re-blocked with an updated cut-off grade, and notes that it does not incorporate more recent drilling outside the current resource model or below the historic mine workings.

The PEA is described as outlining a project concept that assumes off-site toll milling at an existing regional facility for processing mined material, which Radisson states can reduce capital costs, development risk, and project footprint. The company characterizes the PEA as describing a low-cost, high-value project with an 11-year mine life and the use of existing regional infrastructure for processing and tailings management. Radisson also notes that the PEA contemplates an underground mine design and that Mineral Resources used in the PEA are not Mineral Reserves and do not have demonstrated economic viability.

Metallurgy, processing and technical studies

Radisson reports that it has conducted a metallurgical study and milling assessment for O'Brien. The company states that this work demonstrated gold recoveries in a range based on flow sheet options compatible with a nearby mill and that the PEA uses a gravity-flotation-regrind-leach flowsheet in its conceptual design. The metallurgical and processing studies were led by Ausenco Engineering Canada ULC as part of the PEA work, with other firms contributing to mine design, water management, and environmental and permitting reviews.

In addition, Radisson has described a comprehensive environmental baseline study program for the O'Brien site, covering biophysical attributes such as water, flora, and fauna, and complementing existing baseline data on air quality, vibration, and noise. The company also refers to ongoing engineering studies, mine plan optimization, and design sensitivity analysis, including an assessment of the potential to incorporate existing O'Brien mine infrastructure, such as a 1,000-metre shaft, into future mine development plans.

Surface exploration and discovery potential

Beyond deep drilling, Radisson has reported surface exploration results at O'Brien. In one news release, the company announced the discovery of a significant occurrence of coarse visible gold in a new surface trench located near its O'Brien core shack and office complex. The trench was opened to expose Piché Group rocks in the hanging-wall of the Larder Lake-Cadillac Break and to better understand the morphology and continuity of quartz-sulphide-gold veins. Radisson notes that this trench is close to the interpreted surface projection of the historic "Jewellery Box" zone and that the discovery illustrates the continued discovery potential of the O'Brien area, including near existing infrastructure.

Corporate status and trading

Radisson Mining Resources Inc. is referenced in company news as trading on the TSX Venture Exchange under the symbol RDS and on the OTCQX market under the symbol RMRDF. The news releases also reference a listing on the Frankfurt Stock Exchange under the symbol 2RX. The company’s disclosures include forward-looking information disclaimers and references to filings with Canadian securities regulatory authorities on SEDAR+.

Risk considerations and technical compliance

Radisson’s public communications consistently reference the requirements of NI 43-101 for technical disclosure. The company identifies Qualified Persons responsible for the preparation and review of the MRE and the PEA, and it cautions readers about the preliminary nature of the PEA and the conceptual nature of any Exploration Target. Radisson also directs readers to sections of its Management's Discussion and Analysis that discuss risks related to exploration, financing, and development.

FAQs about Radisson Mining Resources (RMRDF)

• What does Radisson Mining Resources do?
  Radisson Mining Resources Inc. is a gold exploration company focused on its 100%-owned O'Brien Gold Project in the Abitibi region of Québec. Its activities centre on exploring, drilling, and evaluating high-grade gold mineralization at O'Brien, supported by technical studies such as a Mineral Resource Estimate and a Preliminary Economic Assessment.
• Where is the O'Brien Gold Project located?
  According to the company, the O'Brien Gold Project is located in the Bousquet-Cadillac mining camp along the Larder-Lake-Cadillac Break in the Abitibi region of Québec, Canada.
• What is notable about the historic O'Brien gold mine?
  Radisson reports that the historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au over a vertical extent of at least 1,000 metres. Historic mining is described as having been "high-graded," with a main central stope exploited and parallel veins identified but left undeveloped.
• What are the Mineral Resources at O'Brien based on?
  The Mineral Resource Estimate for O'Brien is based on drilling completed to the end of 2022 and is documented in an NI 43-101 technical report. For the PEA, the existing block model was re-blocked and an updated cut-off grade was applied, resulting in Indicated and Inferred Mineral Resources reported at O'Brien. Radisson emphasizes that Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
• How is Radisson exploring for additional gold at O'Brien?
  Radisson is conducting a large step-out drill program that includes deep pilot holes and multiple directional wedges beneath the historic O'Brien mine and below existing mineral resources. The program has been expanded to a planned 140,000 metres of drilling with up to eight rigs, targeting mineralization down to an exploration horizon of up to 2 kilometres depth and along several defined trends.
• What is the purpose of the Preliminary Economic Assessment?
  The PEA for O'Brien provides a conceptual mine plan and economic analysis based on the existing Mineral Resource Estimate and an off-site toll milling concept. Radisson describes it as a "snap-shot" study that does not include more recent drilling outside the current resource model and notes that it is preliminary in nature and subject to the usual NI 43-101 cautions.
• How does Radisson describe the geology of O'Brien?
  The company describes gold mineralization at O'Brien as occurring in quartz-sulphide veins within interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group, in contact with the Larder Lake-Cadillac Break. Gold is associated with pyrite, arsenopyrite, shearing, and biotite alteration, with multiple sub-parallel veins and near-vertical high-grade shoots.
• What is meant by "Trend #0" to "Trend #5" at O'Brien?
  Radisson uses the term "Trend" to describe repeating corridors of gold-bearing veins and mineralization along the O'Brien property. Trends #0 to #5 refer to different segments or zones where modern exploration has delineated high-grade shoots and mineralized structures, including areas east of the historic mine and at depth.
• Is Radisson currently producing gold?
  Based on the provided information, Radisson describes itself as a gold exploration company and discusses Mineral Resources, exploration drilling, and a Preliminary Economic Assessment. The disclosures focus on exploration and project evaluation rather than current gold production.
• Where can investors find Radisson’s detailed technical information?
  Radisson states that detailed technical information, including the NI 43-101 technical report and PEA for the O'Brien Gold Project and Management’s Discussion and Analysis documents, is available under the company’s profile on SEDAR+.