en.Wedoany.com Reported - Canadian gold exploration company Radisson Mining Resources Inc. announced results from 16 new drill holes at its O'Brien gold project in the Abitibi region of Quebec on May 4, 2026. Highlights include: the deepest hole, OB-26-384, intersected 4.54 g/t gold over 12.0 meters, including a high-grade interval of 16.85 g/t over 1.0 meter; hole OB-25-378W2 returned 5.96 g/t gold over 6.9 meters; and OB-26-385W1 intersected 20.39 g/t gold over 1.5 meters. These holes are part of a 140,000-meter infill drilling program designed to extend mineralization beyond the current resource estimate.
Radisson President and CEO Matt Manson stated: "Since late 2024, we have been conducting a 140,000-meter drill program at O'Brien, targeting mineralization to depths of up to 2 kilometers. Results from 2025 and early 2026 confirm the presence of an increasingly significant high-grade gold vein system beneath the historic mine. The interim update in March showed an 82% increase in Inferred Resources, and now the latest drill holes have returned multiple high-grade gold intercepts at a depth of 1,900 meters, which is 350 meters below the floor of the current resource." He added that all seven holes completed in the Central and East O'Brien target areas hit mineralization, achieving a 79% infill drilling success rate, with an additional 22 holes completed or in progress, 13 of which encountered visible gold.
According to the company's plan, 72,000 meters of drilling will be completed at the O'Brien project by the end of 2026, with an additional 32,500 meters planned for the first half of 2027. Radisson is collecting environmental data and optimizing the mine design for future permitting. The stock's 52-week trading range is C$0.30 to C$1.18, with a market capitalization of approximately C$499 million.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
