Radisson raises $782,264 from warrants for exploration at O’Brien Project
By Kevin Vincent
Radisson Mining Resources Inc. has announced the receipt of gross proceeds totaling $782,264.25 following the exercise of 2,897,275 Class A share purchase warrants at $0.27 per warrant. These warrants, issued during a private placement in June 2023, were fully exercised ahead of their December 30, 2024 expiry.
“We are grateful for the continuing support of our shareholders with the exercise of these warrants,” said Matt Manson, President and CEO. “We are closing 2024 with a robust treasury and a solid record of achievement during the year.”
Manson noted the company’s success in executing one of its most ambitious drill programs to date at the O’Brien Gold Project in Québec. Results from this program included some standout discoveries, such as:
• 31.24 g/t gold over 8.0 metres, including a deeper intercept of 242.0 g/t gold over 1.0 metre, marking the deepest hole drilled at the Project to date.
• A shallow intercept of 1,345 g/t gold over 1.0 metre, potentially representing a re-discovery of the historic “Jewellery Box” stope.
“These top and bottom hits will guide our exploration planning for 2025,” Manson said, emphasizing the dual focus on resource growth at depth and the project’s high-grade potential.
Radisson also advanced key development work under a Memorandum of Understanding (MOU) with IAMGOLD Corporation to assess processing mined material from O’Brien at IAMGOLD’s Doyon gold mill. This hub-and-spoke mining approach is common in Québec’s Abitibi region. The collaboration has included metallurgical studies and tailings assessments, with completion expected early in 2025.
About Radisson Mining Resources Inc.
Radisson is a gold exploration company advancing its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the prolific Larder-Lake-Cadillac Break in Québec’s Abitibi region. This historic camp has produced over 25 million ounces of gold in the last century.
The O’Brien Mine, once Québec’s highest-grade gold producer, forms the centerpiece of the Project, with Indicated Mineral Resources of 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au) and Inferred Mineral Resources of 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au).
For further details, consult the NI 43-101 “Technical Report on the O’Brien Project” and other filings available at www.sedar.com.
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