A drill program by Radisson Mining Resources (RDS-M) has resumed at the O’Brien property, a past-producer in the heart of Quebec’s Abitibi gold district.
The current program is testing new gold-bearing zones of the Pontiac group, which returned grades as high as 55.5 grams gold per tonne over 1 metre in previous drilling.
Radisson says the program should allow for the calculation of resources in the these zones. The property already hosts a resource of 1.3 million tonnes at 6.9 grams gold per tonne in the Pich Group, directly north of the Pontiac Group.
Radisson can earn a 50% interest in the O’Brien property from Breakwater Resources (BWR-T) by spending $3 million on exploration and issuing 500,000 shares. The Quebec junior has already spent more than $1.6 million on exploration and issued 200,000 shares.
Radisson is currently planning an underground program at O’Brien, which it hopes to finance before the summer. Once this program is complete, the company expects to have enough technical information to make a production decision.
Radisson has 14 properties covering 22,857 ha in Quebec.
Be the first to comment on "LITERATURE REVIEW — Radisson drilling at O’Brien"