Radisson Expands Ongoing Step-Out Drill Program at O'Brien to 140,000 Metres

Core Viewpoint - Radisson Mining Resources Inc. is expanding its exploration drill program at the O'Brien Gold Project to 140,000 metres, utilizing up to eight drill rigs, aiming to delineate new high-grade gold mineralization beyond the current Mineral Resource Estimate [1][2][6]. Exploration Program Expansion - The ongoing step-out exploration drill program will increase from an initial 50-60,000 metres to 140,000 metres, marking the largest drill program in the history of the O'Brien Gold Project [1][6]. - The program will continue through 2026 and is expected to generate significant new data and updates to the Project's Mineral Resource Estimate [2][6]. Financial Backing - The expansion follows a successful financing round that raised $25 million, enabling the company to increase the scope and ambition of its exploration efforts [2]. Exploration Targets - The Exploration Target at O'Brien is estimated to be between 3 and 4 million ounces of gold, with a grade range of 4.5 to 8.0 grams per tonne [2]. - Recent drilling has confirmed high-grade mineralization at depths of up to 2 kilometres, with significant intersections reported, including 31.24 g/t Au over 8.0 metres [3][5]. Preliminary Economic Assessment - The recently completed Preliminary Economic Assessment (PEA) indicates a high-value project with reduced capital costs and development risks due to the use of nearby milling facilities [2][14]. - The current Mineral Resource Estimate includes Indicated Mineral Resources of 0.58 million ounces and Inferred Mineral Resources of 0.93 million ounces, based on drilling completed to the end of 2022 [8][14]. Geological Context - Gold mineralization at O'Brien is associated with quartz-sulphide veins within volcanic and sedimentary rock formations, typically occurring in narrow, high-grade shoots [9][10][11]. - The historic O'Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au, indicating the potential for significant resource growth [11].