Radisson Mining (RDS.V) is currently executing a 130,000m drill program (started in Aug 2019 - 79,776m completed) which so far seems to be providing further confidence in their resource model. Let's start by looking at the share structure:

Total shares outstanding might seem a bit bloated but I believe it's acceptable given the potential of the project. The company currently has a cash position of 12.5 MCAD. If we look at the top shareholders we're happy to see OCIM, Michael Gentile and Marshall Precious Metals Fund (David Garofalo). We can also see several other insiders of the company, who are still buying shares in the open market:

So what is the attraction of the O'Brien mine? Well, O'Brien was the richest gold mine by grade in Québec. It had historical production of 587,121 oz between 1926 and 1957 (1.2 M tonnes at 15.25 Au g/t). The company has a current resource of 289k oz @ 9.48 g/t Au Indicated and 145k oz @ 7.31 g/t Au Inferred. Management and the technical team believes the Cadillac Mining Camp (Which hosts several historic and active mines as seen in the below pic) has a lot more to offer.

The Radisson technical team believes the high grade gold mineralization continues to a vertical depth of 800m at not just one, but possibly 2 or 3 trends as seen in the below cross section. The current Indicated/Inferred resource is within 400m from the surface. (Please see the below resource outlines in red and green)

Radisson continues to intercept several high grade hits underneath the current 400 m resource depth and the technical team believes the high grade mineralization can be extended vertically but also further laterally to the East and West.


It is my suspicion that additional high grade oz's will be added at trend #1 and trend #2, and that Radisson will be able to increase the high grade resource further. With existing mines and infrastructure nearby, including the presence of several large producers such as Agnico Eagle and their La Ronde mine, I believe Radisson is in an excellent position to grow the O'Brien resource and that it has the potential to become a high margin/high grade UG deposit.



I hope this short introduction have piqued your interest, and will invite you to do further due diligence yourself on the company.



Cheers,

GohnJalt

The pictures and information from this article can be found in the company presentation: https://www.radissonmining.com/wp-content/uploads/rds_corp_2021_may.pdf


Disclosure: I own RDS.V shares at the time and may choose to buy or sell at any time without notice.
I have not been compensated in any way by anyone for writing this article. This does not constitute investment advice and is not a recommendation to buy or sell anything. Do your own due diligence. This is strictly for entertainment purposes. This article may contain errors or faulty information (Please let me know in that case).