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Radisson Mining Resources (RMRDF) is a prominent mining company focused on gold exploration and development. With a strategic approach to uncovering new mineralization potential, Radisson has achieved significant milestones in its ongoing projects. The company's commitment to expanding its exploration programs, recent drilling results, and identification of new target areas underscores its dedication to growth and value creation in the mining sector.
Radisson Mining Resources (RMRDF) has shared a year-end update highlighting significant achievements in 2022. The company completed its largest diamond drilling program of 127,600 meters, yielding 85% of assays above 3 g/t Au, reinforcing the potential of the O'Brien project. In July, Vivien Janvier joined as Director of Geology, leading efforts towards a 43-101 mineral resource estimate update anticipated in H1 2023. Additionally, Radisson secured $1.7 million in financing, positioning itself for upcoming developments while pursuing UL Ecologo certification.
Radisson Mining Resources Inc. (RDS, RMRDF) has announced the award of 919,000 stock options to directors in lieu of cash payments for board member fees for H2-2022. Each option allows the acquisition of one class A share at an exercise price of $0.13, expiring December 13, 2027. Additionally, 200,000 stock options were granted to the Chairman for his role as Interim President & CEO at an exercise price of $0.12, expiring December 9, 2027. Radisson is focused on its 100% owned O’Brien gold project in Quebec, historically a high-grade gold producer.
Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF) has announced a non-brokered private placement to raise at least $1,500,000. The placement will include Quebec flow-through shares priced at CAD$0.17 and Charity flow-through shares at CAD$0.225. Strong interest has been shown by the board, management, and existing shareholders, including Michael Gentile. Proceeds will fund Canadian Exploration Expenses for the O’Brien gold project in Quebec. The offering is expected to close around December 2, 2022, pending regulatory approvals.
Radisson Mining Resources announced high-grade gold intercepts from its recent 127,600 m drill program at the O’Brien gold project in Quebec. Key findings include intercepts of 18.76 g/t Au over 3.10 m and 18.45 g/t Au over 2.20 m, indicating successful resource expansion. Notably, high-grade mineralization now extends to 950 m depth, surpassing previous estimates. With 152 intercepts exceeding 5 g/t Au, the company anticipates a resource estimate update in early 2023. Current financial backing stands at approximately $2.5 million in cash.
Radisson Mining Resources has announced the immediate resignation of CEO Rahul Paul, who will transition to an advisory role. Denis V. Lachance, the current Chairman, has been appointed as the Interim CEO. Lachance brings over 40 years of mining experience and has been a key player in the company’s strategic decisions. Paul, who served as CEO since 2021, stated that the company is in a strong position for future growth. Radisson focuses on the O’Brien project in Quebec, a historically significant gold mining site.
Radisson Mining Resources announced notable high-grade gold intercepts from its 127,600 m exploration drill program at the O’Brien gold project in Quebec. Key results include intercepts of 17.11 g/t Au over 2.00 m and 45.86 g/t Au over 2.10 m at significant depths. The drilling has expanded the depth extent of resources substantially, with considerable intercepts down to 550 m. The campaign has demonstrated strong growth potential with 219 holes published, and results from 36 additional holes are still pending. The company remains well-funded, with approximately $3.0 million in cash.
Radisson Mining Resources Inc. has appointed Vivien Janvier, P.Geo, Ph.D. as its new Director of Geology, effective July 18, 2022. Janvier brings over a decade of experience in geology, including exploration management and resource estimation. His role will focus on analyzing nearly 130 km of drilling data from the O’Brien project, enhancing geological models, and uncovering additional exploration targets. Concurrently, Nicolas Guivarch has resigned from his position to pursue other opportunities. Radisson remains committed to advancing its high-grade gold project.
Radisson Mining Resources Inc. (RMRDF) reported positive outcomes from its Annual General Meeting held on June 16, 2022. Shareholders approved all proposed items, including the election of directors and the re-appointment of Raymond Chabot Grant Thornton as auditor, with votes in favor exceeding 99%. Additionally, the stock option plan was modified, increasing the limit from 18 million to 25 million options, with 3.89 million options granted at a price of $0.13 per share, valid until June 2027. Radisson continues to focus on its 100% owned O’Brien gold project in Quebec.
Radisson Mining Resources Inc. has launched a field program covering 54 km2 south of the Larder-Lake Cadillac Break, aiming to explore the O'Brien Gold Project. This initiative follows the integration of the New Alger property and prior successful drilling efforts. The company emphasizes the area has significant discovery potential, bolstered by geological data and limited previous exploration. The summer program aims to map and analyze prospective gold showings across 200 lines km, leveraging existing infrastructure for efficient operation.
Radisson Mining Resources announced promising high-grade gold intercepts from its ongoing 130,000 m drill program at the O’Brien gold project in Quebec. Significant results include intercepts of up to 10.94 g/t Au and continuous mineralization down to 800 m depth. As of May 9, 2022, 126,000 m of drilling has been completed, with 25,000 m pending results. The company maintains a solid cash position of approximately $5.5 million. Encouraging results validate the potential for wider mineralized zones and further resource expansion.
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