Ressources Minieres Radisson Inc V.RDS

Took my position in August at $0.165 p/s

[zack50]

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

 

Strong Insider Ownership

• Significant ownership of management and insiders - 9.6%

• Director and Strategic Advisor Michael Gentile has 6.3% insider ownership

• Institutional ownership 20%+ which includes Konwave AG, US Global, CDPQ