Radisson Provides Year-End Review and Sets Stage for Promising 2024 - Seite 2

Updated Mineral Resource Estimate

After compiling results from 127,600 metres (“m”) of drilling at its high-grade O’Brien gold project located along the Larder-Lake-Cadillac Break in Quebec’s Abitibi region, Radisson doubled its National Instrument 43-101 Mineral Resource Estimate, which it published in March. The updated resource further reinforces O’Brien’s exceptional potential for growth and the Company looks forward to continuing its focus on resource expansion with the deposit remaining open 700 m to the east, 1750 m to the west and at depth.

Focus on Resource Growth with Low-Cost Exploration

In recent years, Radisson Mining's strong commitment to exploration has enabled the Company to consistently expand known resources, while also identifying new target zones. A Phase I, 10,000 metre drill program is currently underway at O’Brien, for which the first set of results are expected in early 2024. With a meticulous approach to geoscientific analysis and modeling, the Company has made significant strides in understanding the geological structure of O'Brien. The geological model has proven successful in identifying high quality drill targets resulting in an industry leading discovery cost of CAD $48 for 3.1 high-grade gold ounces per drilled metre. Furthermore, the location of O’Brien in proximity to robust infrastructure, including power, water and roads, plus availability of highly skilled labour has resulted in highly advantageous CAD $150 all-in drilling cost per metre in recent years.

Key Hires

With an expanded focus on building awareness of the Company, Radisson welcomed Kristina Pillon as Manager of Investor Relations in July. Ms. Pillon — who has fourteen years of experience in mining and capital markets, including five years at a boutique mining focused exempt market dealer based out of Toronto — along with her investor relations team, has focused on broadening visibility in the investor community, including among institutional and retail investors, analysts and newsletter writers.

The Company also welcomed a new Vice President of Operations, Laird Brownlie, in Q3. Mr. Brownlie has extensive operational expertise, having held senior level roles with Cliffs Natural Resources in Quebec (Labrador), Atlantic Gold and St. Barbara in Nova Scotia and Hudbay in Saskatchewan Mr. Brownlie will play a key role as the Company continues to grow the resource through exploration, while de-risking the project.