Radisson Mining Resources (TSXV:RDS)

Radisson Announces Exercise of Warrants

Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” or the “Corporation”) is pleased to announce that it has received total gross proceeds of C$782,264.25 from the exercise of 2,897,275 class A shares purchase warrants (the “Warrants”) at a price of $0.27 per warrant. The Warrants were issued in relation to a private placement completed in June 2023 and had an expiry of December 30, 2024. They were exercised in full.

Matt Manson, President and CEO, commented: “We are grateful for the continuing support of our shareholders with the exercise of these warrants. We are closing 2024 with a robust treasury and a solid record of achievement during the year. Central to our work has been completing one of the largest drill programs ever undertaken at the O’Brien Gold Project (“O’Brien” or the “Project”). Results from this program will continue to be published into 2025, but we ended the year strongly with multiple high-grade intercepts highlighting the significant exploration potential of O’Brien at depth. These included results from the deepest hole ever drilled at the Project, and the first hole ever drilled below O’Brien’s historic workings, which returned an intercept of 242.0 g/t gold over 1.0 metre within a mineralized interval averaging 31.24 g/t gold over 8.0 metres. This was achieved a full 500 metres below the original mine and the base of our current mineral resources. We also saw the potential re-discovery of the famous O’Brien “Jewellery Box” stope, with an intercept grading 1,345 g/t gold over 1.0 metre at shallow depth. These “top and bottom” hits will guide our exploration planning for 2025, which is focussed on bringing out both the resource upside potential of the Project at depth and its very high-grade characteristics.”

Matt Manson continued:During 2024 we also commenced work under the auspices of a Memorandum of Understanding (“MOU”) with IAMGOLD Corporation to assess the design criteria for processing mined material from O’Brien at the nearby Doyon gold mill, part of IAMGOLD’s Doyon-Westwood mine complex. This development approach assumes that O’Brien would become a component of the type of hub-and-spoke mining and milling arrangement characteristic of gold mining in Québec’s Abitibi region. Work under the MOU has progressed well, and has included metallurgical studies, flow sheet review, and a tailings assessment. We expect this work to be completed early in the new year. With these Project development studies and our ongoing exploration program, fully funded from a robust financial position, we are looking forward to a consequential year in 2025 for Radisson and the O’Brien Gold Project.”

Qualified Person

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O’Brien Gold Project.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 “Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023, Radisson’s Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at www.radissonmining.com or contact:

Matt Manson
President and CEO
416.618.5885
mmanson@radissonmining.com

Kristina Pillon
Manager, Investor Relations
604.908.1695
kpillon@radissonmining.com

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Source

Click here to connect with Radisson Mining Resources Inc. (TSXV: RDS, OTCQB: RMRDF), to receive an Investor Presentation

RDS:CC
Radisson Mining Resources

Radisson Mining Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Radisson Mining Resources (TSXV:RDS)

Radisson Mining Resources


Keep reading...Show less

Advancing High-grade Gold Exploration in Quebec

Radisson Expands Area of High-Grade Gold Mineralization Beneath the Historic O'Brien Gold Mine with Three New Drill Holes Including 29.93 g/t Gold over 2.2 Metres

Radisson Expands Area of High-Grade Gold Mineralization Beneath the Historic O'Brien Gold Mine with Three New Drill Holes Including 29.93 g/t Gold over 2.2 Metres

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce drill assay results from three new drill holes at its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec.

The three holes reported are all wedges completed from the previously reported pilot hole OB-24-337 (see Radisson News Release dated December 16, 2024; Figure 1). OB-24-337 was the deepest hole ever drilled at the Project and the first hole drilled directly below the historic O'Brien Mine workings. It intersected 242.0 grams per tonne ("g/t") gold ("Au") over 1.0 metre within a mineralized interval that averaged 31.24 g/t Au over 8.0 metres at approximately 1,500 metres vertical depth. Now, three new wedges have all returned additional high-grade gold intercepts, delineating a large zone of multiple veins with good continuity.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Radisson Awarded UL ECOLOGO Certification for Responsible Mineral Exploration

Radisson Awarded UL ECOLOGO Certification for Responsible Mineral Exploration

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Corporation") is pleased to announce that it has received UL 2723 ECOLOGO® Certification for Mineral Exploration Companies (the "UL ECOLOGO® Certification") recognising Radisson's commitment to best practices for responsible development in the mineral exploration industry. The certification and related audit were conducted by UL Solutions, which is a global science-based 3rd party testing, inspection and certification company. The criteria were developed in partnership with the Quebec Mineral Exploration Association (the "AEMQ") and UQAT (Université du Québec en Abitibi-Témiscamingue).

The UL ECOLOGO® Certification represents the first comprehensive certification for Canadian Mineral Exploration Companies and their service providers that features third-party certification of environmental, social and commercial practices.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres

Radisson Announces Additional Assay Results from 2024 Drill Program at O'Brien Including 8.36 g/t Gold over 15 Metres

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Company") is pleased to announce additional drill assay results from its 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec.

The seventeen drill holes reported were completed as part of the 35,000 metre, 2024 drill program designed to increase the scope of gold mineralization at the Project with a combination of deep and shallow drill holes. Prior to the end of last year, Radisson released the results of several deep drill holes which demonstrated high grade mineralization at substantial step-outs below the base of the current Mineral Resource and below the historic O'Brien Mine workings (see Radisson News Releases dated September 24, 2024, October 30, 2024 and December 16, 2024). Today's results represent shallower drilling at the margins, or within, the existing Mineral Resource over the Project's "Trends 1, 2 and 3". The new data continue to demonstrate the Project's characteristic narrow and high-grade gold mineralization within quartz-sulphide veins.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Radisson Announces Positive Metallurgical Study at O'Brien and Provides Update on Milling Assessment at IAMGOLD's Doyon-Westwood Complex

Radisson Announces Positive Metallurgical Study at O'Brien and Provides Update on Milling Assessment at IAMGOLD's Doyon-Westwood Complex

Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) ("Radisson" or the "Corporation") is pleased to provide the results of a recent metallurgical study at the Company's 100%-owned O'Brien Gold Project ("O'Brien" or the "Project") located in the Abitibi region of Québec. The study was undertaken in conjunction with a milling assessment under the auspices of a Memorandum of Understanding ("MOU") with IAMGOLD Corporation ("IAMGOLD") to assess the design criteria for processing mined material from Radisson's O'Brien Gold Project ("O'Brien" or the "Project") at the nearby Doyon gold mill, part of IAMGOLD's Doyon-Westwood mine complex. The Doyon mill is located 21 kilometres west of O'Brien and directly accessible along Trans-Canada Highway 117.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
1 ounce gold bullion bar on top of US$100 bill and Tax Form 1040.

US Capital Gains Tax Guide for Gold and Silver Investors

As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US.

While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long the investments are held for and the investors individual tax bracket.

Read on for a breakdown of the taxes associated with investing in gold and silver bullion, ETFs and stocks, as well as the forms involved with reporting precious metals investments.

Keep reading...Show less
Gold coin stacks with up arrow.

Gold Price Hits New Record, Breaking US$3,300 for First Time

The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump's tariff policy to negatively impact US economic growth and further fuel inflation.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
Maritime Drills 5.5 gpt Gold over 29.8 metres, Including 73.0 gpt Gold over 1.5 metres at the Hammerdown Gold Project

Maritime Drills 5.5 gpt Gold over 29.8 metres, Including 73.0 gpt Gold over 1.5 metres at the Hammerdown Gold Project

Maritime Resources Corp. (TSXV: MAE) (OTC Pink: MRTMF) ("Maritime" or the "Company") is pleased to announce additional drill results from a grade control drill program at the Hammerdown Gold Project. Hammerdown is located in the Baie Verte mining district of Newfoundland and Labrador, near the towns of King's Point and Springdale.

Highlights:

Keep reading...Show less
Advancing Monument Gold Project - Exploration Update

Advancing Monument Gold Project - Exploration Update

Verity Resources Limited (ASX:VRL) (Verity or the Company) is pleased to provide an update on exploration activities and strategy at its 100%-owned Monument Gold Project, located in the prolific Laverton gold district of Western Australia. The Company is advancing a pipeline of highly prospective gold targets across the Monument Project as part of its strategy to define a larger, higher-confidence gold resource base in one of Australia’s most active gold belts. The Monument Gold Project comprises 195km2 of highly prospective greenstone, along strike of Genesis Minerals (GMD:ASX) 3.3Moz Laverton Gold Project

Keep reading...Show less
B2Gold First Quarter 2025 Financial Results - Conference Call Details

B2Gold First Quarter 2025 Financial Results - Conference Call Details

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") will release its first quarter 2025 financial results after the North American markets close on Wednesday, May 7, 2025.

B2Gold executives will host a conference call to discuss the results on Thursday, May 8, 2025, at 8:00 am PT / 11:00 am ET.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Radisson Mining Resources

Radisson Mining Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×