Micro Cap Miner Reports Strong Drill Results as Gold Prices Fuel Sector Momentum

2026-01-06 11:13:00 ET

With gold prices continuing to hover near all-time highs, investor interest in gold miners of all sizes remains strong. Adding fuel to the bullish momentum, a micro-cap gold miner announced positive drill results, driving its shares to a new all-time high in today’s trading.

Radisson Mining Resources Inc. (TSX-Venture: RDS) (OTCQX: RMRDF) reported additional high-grade drill results from six new holes completed at its 100%-owned O’Brien Gold Project in Québec’s Abitibi region. The drilling is part of the Company’s ongoing 140,000-metre step-out program focused on expanding and defining gold mineralization beneath the historic O’Brien Gold Mine. Two of the holes were drilled as directional wedges from a single pilot hole and successfully extended a broad zone of newly discovered high-grade mineralization across multiple vein systems at depth.

All six holes intersected gold mineralization, with five returning grades and thicknesses in line with the Project’s existing mineral resource, underscoring the strong success rate of the program. Highlights included one hole intersecting 90.60 g/t gold over 1.0 metre within a wider high-grade interval, another returning 25.10 g/t gold over 1.5 metres, and additional intercepts such as 3.11 g/t gold over 8.0 metres and 4.02 g/t gold over 4.5 metres. Together, these results continue to demonstrate both high-grade potential and continuity of mineralization beneath the O’Brien Gold Mine.

Matt Manson, President and CEO commented on the drill results: "Today we are releasing six new drill holes from our ongoing deep step-out drill program at O'Brien. These continue to illustrate the extension of the Project's system of gold mineralization below the historic O'Brien mine and the current mineral resources. Of particular note are the two new wedges completed from pilot hole OB-24-337 located beneath the former mine's final stope. These are the twelfth and thirteenth such wedges completed. Once again, we are seeing multiple high-grade intercepts of quartz-sulphide veins within broader alteration envelopes. This represents a system of gold mineralization that we have modelled as up to six veins delineated over a 250-metre (east-west) by 500-metre (vertical) area that remains open.”

Shares of RDS are currently up 5.68% at $0.93, while U.S. listed shares (RMRDF) perk up 4.32% at $0.6755 in late-morning trading.

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