Radisson/RDS

Radisson Mining Resources Inc. announced it has discovered a significant deposit of coarse visible gold in a newly dug surface trench at its wholly owned O'Brien gold project in Quebec's Abitibi region.

The trench, situated just 30 meters east of the O'Brien core shack and office complex, marks the beginning of several trenches scheduled for the company's summer exploration program. It lies near the surface projection of the well-known Jewellery Box zone.

"Finding coarse visible gold in drill cores is common at the O'Brien gold project," said President and Chief Executive Officer Matt Manson. "However, discovering such a remarkable sample in a surface trench right next to our project office facilities is extraordinary."

The trench was initially dug to expose Piche group rocks above the Cadillac-Larder Lake Break and to enhance Radisson's understanding of the morphology and continuity of the quartz-sulfide-gold veins at O'Brien, he said.

"The presence of world-class gold mineralization right underfoot in our first trench was an unexpected but thrilling find," Manson said. "This echoes the historic prospecting successes in Abitibi and underscores the ongoing potential for discoveries in the region, even near existing structures."

The Gold Advisor's Jeff Valks echoed the improbability of the find. "If you've ever reached into an old jacket and found a forgotten $20 bill, or a beloved trinket you thought you'd lost, you can bet the team at Radisson had a similar feeling when poring over their latest results," he said. "It's not every day a mining company finds high-grade gold sitting a stone's throw from its own office. But that’s exactly what happened at Radisson Mining’s O’Brien Gold Project in Québec, where the company has uncovered coarse, museum-quality visible gold in a surface trench just 30 meters east of its core shack and office complex."

Manson said the trench is positioned near the surface projection of the Jewellery Box zone, a historically narrow and vertical mining stope at the old O'Brien gold mine renowned for its exceptionally high-grade gold and museum-quality specimens.

In December, Radisson announced what they believe to be the rediscovery of the Jewellery Box with a drill intercept yielding 643.1 grams per tonne gold (g/t Au) over 2.1 meters, including 1,345.0 g/t Au over 1.0 meter at roughly 200 meters depth.

"The findings we announced today confirm the presence of an extremely rich gold mineralizing environment in this area, including at the surface," Manson said. "This zone falls outside the current mineral resource estimates and the scope of the preliminary economic assessment published recently."

Expert: Additional Potential Right Beneath Co.'s Feet?

The discovery was made in Trench OB-25-TR001, a component of Radisson’s summer exploration program designed to delve deeper into the quartz-sulphide-gold veins found in Piché Group rocks near the Cadillac-Larder Lake Break, Valks wrote. The trench, which was shallow and covered by light overburden, exposed a 3-meter-wide zone filled with veining, Z-folds, semi-massive sulphides, and biotite alteration — hallmarks of the O'Brien system.

This site is not included in the current mineral resource and lies outside the scope of the company's recently published Preliminary Economic Assessment (PEA), suggesting there's additional potential right beneath the company's feet, wrote Valks. This trench is also near the surface projection of the historic Jewelry Box zone, where Radisson previously reported striking gold grades in December 2024.

In an email to The Gold Advisor, Valks said Radisson's team described the find as "coarse, museum-quality visible gold," noting that while visible gold is not uncommon at O’Brien, this particular occurrence in a shallow trench near existing infrastructure is noteworthy. They also confirmed that the trench "falls outside current mineral resource estimates and the scope of the recently released PEA."

More trenches are planned for this summer as Radisson taps into its Abitibi heritage — one swing of the pick at a time.

When Valks wrote the stock up on July 28 it was up 3% and saw a remarkable 177% increase since last year. This latest discovery underscores the untapped potential of the site, even in well-trodden terrain. Remember, the company is currently engaged in a 50,000–60,000-meter drilling program that includes deeper exploration, promising more potential catalysts on the horizon. I maintain a long position; Jeff Clark holds an overweight position. In our view, this is a stock you can't afford to miss in the gold bull market.

More on O'Brien

Radisson is a gold exploration company dedicated to developing the O'Brien gold project, situated in the Bousquet-Cadillac mining camp along the prestigious Larder-Lake-Cadillac Break in Abitibi, Quebec.

A preliminary economic assessment from July 2025 highlighted this project as both low-cost and high-value, projecting an 11-year mine life with considerable potential for expansion, leveraging the existing regional infrastructure, the company said.

The project boasts indicated mineral resources of 580,000 ounces (2.20 million tonnes at 8.2 g/t Au), and additional inferred mineral resources of 930,000 ounces (6.67 million tonnes at 4.4 g/t Au).

The Catalyst: Gold Heading to New Heights?

Gold prices are anticipated to reach new heights in the next three months, influenced by deteriorating U.S. economic growth and inflation trends, concerns over Federal Reserve independence, and a weakening dollar, Barbara Kollmeyer reported Aug. 4 for MarketWatch. This forecast comes from a group of Citi analysts led by Maximillan Layton, who have raised their short-term gold price projection to US$3,500 per ounce from US$3,300. They now see gold potentially trading between US$3,300 and US$3,600 per ounce over the next quarter, up from their previous estimate of US$3,100 to US$3,500.

On Monday, gold prices saw a significant increase, climbing US$36.80, or 1%, to US$3,436.10 an ounce, Kollmeyer reported. This rise was partly fueled by growing expectations that the Federal Reserve might reduce interest rates at its September meeting, following last week's disappointing employment figures.

Should these new Citi forecasts be realized, gold would set a new record high, continuing its impressive gain of nearly 30% this year. Gold previously reached a new intraday peak of US$3,500 on April 22 and set a record closing price of $3,452.80 on June 13, Kollmeyer noted. While the momentum for gold stalled over the summer, partly due to a slowdown in central bank purchases, Citi analysts see multiple factors that could reignite its ascent to new records.

"U.S. growth and tariff-related inflation concerns are expected to stay high in the second half of 2025, which, along with a weaker dollar, are likely to push gold prices to new all-time highs," stated Layton and his team. The ICE U.S. Dollar Index has fallen nearly 9% this year, marking its worst first-half performance since the early 1970s.

Gold and silver prices are treading water this summer, but Florian Grummes told Jeremy Szafron of Kitco News on July 29 that the bigger breakout is coming, and patient investors will be rewarded.

"We're in a crack-up boom overall," said Grummes, managing director of Midas Touch Consulting, in an interview with Kitco News. "That means everything will move higher because they destroy the purchasing power of your fiat money — whether it's the euro, the dollar, or the Canadian dollar."

Ownership and Share Structure

According to Refinitiv, about 9% of the company is owned by insiders and management, and about 9% by institutions. The rest is retail.

Top shareholders include Michael Gentile with 5.2%, Knowave AG with 3.91%, U.S. Global Investors with 2.08%, Caisse de Depot et Placement du Quebec with 1.6%, and Denis Lachance with 1.52%, Refinitiv reported.

Its market cap is CA$176.85 million with 384.46 million shares outstanding. It trades in a 52-week range of CA$0.16 and CA$0.52.