Ressources Minieres Radisson Inc V.RDS

Alternate Symbol(s): RMRDF

Metals & Mining Gold

Radisson Mining Resources Inc. is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the Larder-Lake-Cadillac Break in Abitibi, Quebec. The Project hosts the former O’Brien Mine. It has a portfolio of two properties, covering a total area of approximately 7,481 hectares (ha) in the Abitibi-Temiscamingue and Nord-du-Quebec regions of Quebec, Canada. The Company’s primary project, O’Brien Gold project, is located in the Abitibi region in northwestern Quebec, on Trans-Canadian highway 117, about halfway between the towns of Rouyn-Noranda and Val-d’Or. Its Douay property is located in the province of Quebec, in Douay and Vezza townships. The project lies about 35 kilometers southwest of the town of Matagami. The Company has a 100% interest in the property, which consists of about 30 mining claims covering approximately 1,606 ha. The property is located in the north central part of the Abitibi Greenstone Belt.

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Ressources Minieres Radisson Inc

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Post by zack50on Oct 09, 2024 12:18pm

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Post# 36259523

Took my position in August at $0.165 p/s

High Grade Resource with Significant Exploration Upside

Indicated: 501,000 oz at 10.26 g/t Au
Inferred: 446,000 oz at 8.66 g/t Au
Resource perimeter represents only 33% of the 5.2 km land package along the Larder-Lake-Cadillac Break (LLCB) fault
Potential to grow resource east and west along the LLCB, but also north and south where the Company holds vast landholding and recently initiated a glacial till sampling program to target large zones with disseminated gold potential

Tier-One Mining District Amongst Numerous Large Producers

Highest-grade undeveloped gold asset not owned by a producer in Quebec
Substantial M&A activity in Quebec over last 5 years
Located amongst numerous multi-million-ounce gold projects, including Agnico Eagle’s LaRonde Mine Complex, which has produced over 7M oz Au and still has 2.5M oz Au in Reserves (12.3M tonnes at 6.36 g/t Au)
Significant infrastructure nearby, including mills with excess capacity
Recent history proves that advanced high-grade assets with potential to deliver strong margin ounces in Tier 1 jurisdiction tend to be acquired at a premium