Radisson Extends High-Grade Gold Mineralization Beneath Historic O’Brien Mine

The latest update is out from Radisson Mining Resources ( (TSE:RDS) ).

Radisson Mining Resources reported additional high-grade drill results from six new holes at its O’Brien Gold Project in Quebec, further extending gold mineralization beneath the historic O’Brien mine. The latest assays, including standout intercepts of up to 90.60 g/t gold over 1.0 metre and several multi-metre intervals with grades consistent with existing resources, reinforce the success of the company’s 140,000-metre step-out drilling program. Management highlighted that 61 of 74 holes drilled to date have returned mineralization in line with current resource grades and thicknesses, suggesting a robust, multi-vein system that remains open at depth and along strike. With up to eight drill rigs to be active on site and additional completed holes awaiting assays, the results underscore Radisson’s strategy to significantly expand the known mineralized footprint at O’Brien and potentially enhance the project’s resource base and development prospects.

The most recent analyst rating on (TSE:RDS) stock is a Hold with a C$0.85 price target. To see the full list of analyst forecasts on Radisson Mining Resources stock, see the TSE:RDS Stock Forecast page.

Spark’s Take on TSE:RDS Stock

According to Spark, TipRanks’ AI Analyst, TSE:RDS is a Neutral.

The score is held back primarily by weak financial performance (no revenue, persistent losses, and negative cash flow), partially offset by a strong debt-free balance sheet. Technicals are moderately supportive with an improving longer-term trend and neutral momentum. Corporate updates are positive (funding secured and encouraging drill results), but valuation support is limited given the negative P/E and no dividend.

To see Spark’s full report on TSE:RDS stock, click here.

More about Radisson Mining Resources

Radisson Mining Resources is a Canadian exploration company focused on advancing its 100%-owned O’Brien Gold Project in the Abitibi region of Quebec, a historically productive gold mining camp. The company’s activities centre on expanding and defining high-grade gold mineralization to support the growth of its mineral resource base and potential future mine development.

Average Trading Volume: 804,489

Technical Sentiment Signal: Buy

Current Market Cap: C$380.4M

For an in-depth examination of RDS stock, go to TipRanks’ Overview page.