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Radisson Mining Resources ( (TSE:RDS) ) just unveiled an update.
Radisson Mining Resources reported new high-grade assay results from seven drill holes at its O’Brien Gold Project, highlighted by 23.37 g/t gold over 4.0 metres and additional broad mineralized zones that extend the Trend #1 structure to a vertical depth of 1,450 metres, roughly 375 metres below the current mineral resource envelope. The company also completed the final wedge holes from a key pilot hole beneath the historic O’Brien mine, achieving consistent vein intercepts that match existing resource grades, and announced its deepest intercept to date at 1,620 metres, underscoring the downward continuity of the gold system and supporting the potential for significant resource expansion as eight drill rigs continue an aggressive 140,000-metre step-out program.
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 is a Canadian exploration company focused on advancing its 100%-owned O’Brien Gold Project in the Abitibi region of Québec, a historic high-grade gold camp. The company’s primary activity is gold exploration through extensive step-out drilling aimed at expanding mineral resources at depth and along strike in one of Quebec’s most established mining districts.
Average Trading Volume: 806,275
Technical Sentiment Signal: Buy
Current Market Cap: C$302.9M
For an in-depth examination of RDS stock, go to TipRanks’ Overview page.