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Radisson Mining Resources ( (TSE:RDS) ) has shared an update.
Radisson Mining Resources reported additional high-grade drill results from seven new holes at its O’Brien Gold Project in Québec, highlighted by an intercept of 23.37 g/t gold over 4.0 metres and a new deepest intercept of 15.70 g/t gold over 1.1 metres at 1,620 metres vertical depth. The latest assays extend mineralization along Trend #1 to 1,450 metres depth and confirm consistent, multiple high-grade vein systems beneath the historic O’Brien mine, with 15 wedge holes from a key pilot hole all returning grades and thicknesses in line with existing mineral resources, reinforcing the project’s scale potential as the company continues its 140,000‑metre step-out drill program with six rigs active and more being mobilized.
The most recent analyst rating on (TSE:RDS) stock is a Hold with a C$0.80 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 Inc. is a Canadian mineral exploration company focused on advancing its 100%-owned O’Brien Gold Project in the Abitibi region of Québec, a prolific gold-producing district. The company’s activities center on resource expansion and delineation drilling targeting high-grade, vein-hosted gold mineralization along established mineralized trends and beneath historic mine workings.
Average Trading Volume: 806,275
Technical Sentiment Signal: Buy
Current Market Cap: C$302.9M
For detailed information about RDS stock, go to TipRanks’ Stock Analysis page.