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Radisson Mining Resources doubles resource estimate at the O'Brien gold project in Quebec
The best place to find high grade gold is right next to high grade gold, said Radisson Mining Resources Director and Strategic Advisor Michael Gentile.
In March Gentile spoke to mining audiences manager Michael McCrae.
Radisson (RDS.V) announced an updated mineral resource estimate for its O'Brien gold project in March. Indicated resources increased 58% to 1,517,000 tonnes grading 10.26 g/t Au for 501,000 ounces using a 4.5 g/t gold cut off grade. Inferred resources increased 167% to 1,616,000 tonnes grading 8.64 g/t Au for 449,000 ounces using a 4.5 g/t gold cut off grade.
Radisson is focused on the old O'Brien Mine in Quebec, what the company calls the highest grade gold mine in the province. Historical production at the mine was 587,121 ounces from 1926 to 1957.
"The best place to find high grade gold is right next to high grade gold," said Gentile.
The company said that getting close to 1 million ounces in indicated and inferred resources was a major accomplishment. It also said the grade at the project was enviable.
"We're about one million ounces of gold and north of 10 grams per tonne grade," said Gentile. "It's one of the highest-grade undeveloped gold deposits with a million plus ounces in North America that is not owned by a major. We're in pretty rarefied air."
