Radisson Mining Resources Inc. (RDS:TSX.V; RMRDF:OTCQB) reported an overview of ongoing geological modelling at its 100% owned O'Brien Gold Project in the Abitibi region of Québec. The company highlighted new vein-hosted mineralization beneath the historic O'Brien gold mine that has emerged from its continuing and fully funded 140,000-meter step-out drill program. Since late 2024, fifteen drill wedges have been completed from pilot hole OB-24-337, outlining at least eight parallel veins over a 250-meter by 700-meter area and showing continuity of mineralization with former mine workings.
Matt Manson, President and CEO, said in a company news release that the geological model is developing alongside the drill results published over the past 12 months. He said the company had been seeing success across the breadth of the Project, including an 84% success rate in intercepting gold mineralization with grades and thicknesses consistent with the Project's mineral resources. He said the multi-vein system being delineated below the former mine and the continuity of high-grade intercepts support the company's geological understanding. He noted that the 140,000-meter step-out drill program is scheduled to continue through 2026 and into the first half of 2027 and that the company intends to issue step-by-step updates to its Mineral Resource Estimate, with the first expected prior to the end of the first quarter of 2026.
Radisson reported that gold mineralization at O'Brien occurs within quartz sulphide veins hosted in volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piché Group in contact with the Larder Lake Cadillac Break. The company stated that the historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Gold (Au) over a vertical extent of at least 1,000 meters.
The company described its 140,000-meter step-out drill program, which aims to determine the overall scope of mineralization at the Project to a depth of 2 kilometers. Radisson stated that 35,000 meters were completed in 2025, 72,500 meters are budgeted for 2026, and a further 32,500 meters are scheduled for the first half of 2027. The program uses pilot holes followed by wedges and directional drilling. Radisson previously announced the expansion of the program in October 2025 to employ eight drill rigs. The program covers drilling beneath the historic mine, beneath modern mineral resources to the east, and at the Thompson Cadillac area west of the mine. The company reported that 84% of completed drill holes have intersected gold mineralization.
A particular focus has been drilling below the historic O'Brien Mine East, where mining ceased in 1957 at the 1,000-meter level. In December 2024, deep pilot hole OB-24-337 intersected 31.24 g/t Au over 8.0 meters, including 242.0 g/t Au over 1.0 meter at approximately 1,500 meters vertical depth. Radisson stated that fifteen wedges from this pilot hole have since been reported, along with the completion of pilot hole OB-25-378 to 1,640 meters. All drill holes have intersected gold mineralization with grades and lengths consistent with the Project's mineral resources.
The company outlined its vein modelling approach, which uses dynamic wireframed domains updated as drilling progresses. Radisson reported that historic mining focused on a main central high-grade stope and that parallel veins identified through historic drilling were left undeveloped. The company referenced historic effective grade cut-offs between 7 and 8 g/t Au.
Radisson reported that two pilot holes and fifteen wedges, combined with historic data, support a model of at least eight wireframed veins covering an area approximately 250 meters east-west by 700 meters vertically. Extrapolation distances in the model are set at 50 meters along strike and 100 meters down plunge. The model is open in all directions.
The company noted that vein V3 CEN shows continuity with the historic mining stope and returns consistently high-grade intercepts, implying a shoot of at least 1,600 meters vertical continuity. Reported highlights include 31.24 g/t Au over 8.0 meters in OB-24-337, 16.43 g/t Au over 8.1 meters in OB-25-337W7, 29.93 g/t Au over 2.2 meters in OB-25-337W3, and 47.70 g/t Au over 1.0 meter in OB-25-337W5.
Radisson stated that drilling is ongoing with seven rigs active and an eighth to be mobilized shortly. The second wedge from pilot hole OB-25-378 is in progress. The company expects to report drill results on a regular basis as the 72,500 meters of drilling budgeted for 2026 progress. Radisson further intends to update the Project's Mineral Resource Estimate on a step-by-step basis, with the first update expected prior to the end of the first quarter of 2026.
Navigating Volatility in a High-Price Gold Market
In a February 12 article, a Metals Staff Writer reported that gold had dropped below the US$5000 per ounce level after new US economic data suggested interest rates could remain elevated. The report stated that spot prices fell "as much as 4% to US$4,880 per ounce, before recovering some losses," and that silver experienced a "near 10% decline." The article referenced rising geopolitical risks and what it described as expectations for continued higher interest rates. It added that some investors took profits to cover losses in other asset classes, quoting Nicky Shiels, head of metals strategy at MKS PAMP SA, who said the movement "feels like a ‘risk-out' move."
Shiels added that in times of market stress, "haven assets like gold will also be sold by investors in dire need of liquidity." The report also cited market analyst Fawad Razaqzada, who said that volatility had caused stop levels to trigger, resulting in "a cascading-like effect." The article further quoted Peter Grant, vice president and senior metals strategist at Zaner Metals, who said upcoming inflation readings "may revive some rate cut bets, and that would probably be favourable for gold."
A February 12 report from Leede Financial discussed gold demand trends in China, stating that demand "remains strong," supported by futures trading, exchange-traded product interest, and what the report described as seasonal Lunar New Year buying. Leede Financial wrote that Chinese gold bar premiums were "back around recent highs, around US$35/oz in early February." The report also noted that "billions of inflows into Asia-listed gold ETPs were led by China," and that the region had seen what the firm described as an "investorization" of gold markets. According to the report, Chinese uptake had been supported by economic concerns, gold's appeal as a diversifier, global uncertainty, and official sector buying.
According to a February 13 report from Stockhead, gold miners were entering the early stages of the half-year financial reporting season and were beginning to show the effects of what the article described as an all-time gold boom. The report stated that gold was "now paying US$4979/oz," while silver traded at "US$76.50/oz." The article also noted that fund managers remained positive, quoting Franklin Equity Group portfolio manager Steve Land, who said, "Despite the record declines, we still see fundamental support for elevated gold prices given constrained supply and growing demand."
Land stated that the gap between miner valuations and the gold price reflected "investor perception rather than fundamentals," and added that "the industry has changed," pointing to what he described as stronger balance sheets, better capital discipline, and higher shareholder returns. He also said miners offered "real operational leverage" and that the case for miners "looks well supported." According to the report, revenues across the sector were projected to rise 55% year over year and 20% quarter over quarter for the fourth quarter, with costs up less than 10%. The article also stated that Land estimated valuations had been trailing spot gold by 20%.
Stockhead wrote that some analysts believed bullion prices would need to fall under US$3,500 per ounce to prompt what the article described as a down cycle for the sector. The report also referenced what it described as record half-year profit and dividend announcements from major gold producers. It further noted operational details such as production costs, earnings, and dividend decisions across several companies in the industry.
"Eight Veins, Eight Rigs, and a Resource Update on Deck"
In a February 12 report from The Gold Advisor, Senior Analyst Jeff Valks discussed developments at Radisson Mining Resources. Valks quoted the company's CEO, stating that "We are drawing attention to the geological model that is developing in concert with the drill results we have been publishing over the past 12 months." He noted the company's reported "impressive 84% success rate in intercepting gold mineralization" with grades and thicknesses "consistent with the Project's mineral resources." Valks wrote that Radisson's work supported a model of "at least eight separate parallel veins" covering an area of approximately 250 meters by 700 meters and described the company's statement that the model was "open in all directions."
He highlighted the company's comments regarding the V3-CEN vein, quoting Radisson's description of a "remarkably consistent" high-grade shoot with at least 1,600 meters of vertical continuity. Valks also referenced the company's view that historic mining was "high-graded," leaving "significant quantities of mineralized material unmined." He noted the company's outlined drilling schedule of 35,000 meters completed in 2025, 72,500 meters budgeted for 2026, and 32,500 meters scheduled for the first half of 2027, as well as Radisson's plan to issue "step-by-step updates" to its Mineral Resource Estimate.
Valks stated that the stock was a Buy and wrote that Matt Manson described the project "not as a bespoke deposit of extreme grade and limited scale, but as an extensive Abitibi vein deposit with a substantial inventory of mineralized material amenable to modern mechanized mining."
Ongoing Drilling and Resource Updates
Radisson reported several ongoing workstreams that are expected to continue throughout the drill program. In investor materials, the company stated that the 140,000 meter step out drill program will continue with eight active drill rigs through 2026 and into the first half of 2027. It reported that 72,500 meters of drilling are budgeted for 2026, with an additional 32,500 meters scheduled for the first half of 2027.
The company noted that drilling targets include areas beneath the historic mine, areas beneath modern mineral resources to the east, and the Thompson Cadillac area west of the mine, which will be drilled for the first time since 2021. Objectives will be reassessed progressively based on results obtained.
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Radisson Mining Resources Inc. (RDS:TSX.V;RMRDF:OTCQB)
Radisson stated that ongoing work includes the second wedge drilled from deep pilot hole OB-25-378. The company reported that it expects to release drill results regularly as drilling progresses.
Radisson further reported that it intends to provide step-by-step updates to the Project's Mineral Resource Estimate throughout the drill program, with the first update expected prior to the end of the first quarter of 2026.
Ownership and Share Structure1
9% of Radisson 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.
According to recent market data, Radisson Mining Resources' market capitalization is reported in the range of approximately CA$350.2 million. Shares outstanding are reported at about 432.7 million. Its 52-week range is CA$0.275 and CA$0.97.
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