In a day starved for positive news, one miner out of Northern Ontario/Western Quebec aroused investors with exciting developments.
Radisson Mining Resources Inc. (TSX-Venture:RDS) announced significant high-grade gold intercepts from the ongoing 60,000-metre exploration drill program at its O’Brien gold project located along the Larder Lake Cadillac Break halfway between Rouyn-Noranda and Val-d’Or in Quebec. The program resumed on May 11, after having paused on March 24, in response to Government of Quebec orders related to the COVID-19 pandemic.
Said CEO Mario Bouchard, “Drilling at O’Brien has continued to deliver excellent results. The initial part of our program was successful in demonstrating strong continuity of high-grade mineralization in the 36E and F zones down to a depth of 950 m, and within a mineralized trend similar to that historically mined at O’Brien.
“This area remains a high priority target for us, with assays pending for (the two) holes … which intersected visible gold in mineralized zones to the west of and above a previously released intercept of 66.71 g/t over 4.70 m.”
RDS shares took on two cents, or 10%, to 22 cents, on 107,000 shares late Monday morning
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