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Tuesday, September 12, 2017 Derek Macpherson

Radisson Identifies New Zone; Notes VG


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Radisson Mining Resources Inc. (TSXV:RDS) reported results from ongoing drilling at its O’Brien gold project in Quebec. Results were highlighted by hole OB-17-25W intersecting 12.9 g/t Au over 8m within a wider interval grading 2.8 g/t over 54m (Figure 1). As well, visible gold was identified in two exploration holes in the new Vintage zone by which targets were identified through historical data. Additional results are expected for 21 drill holes, as drilling continues during the 20,000m program including results from the Vintage zone. The company noted it will also be reviewing historic near-surface drill holes from the 36E zone. We expect upcoming drill results, both new and historic, to highlight the properties potential and begin to define resources. At C$49/oz, Radisson continues to trade at a discount to peers at C$52/oz. The nearby infrastructure, higher grades and the potential for resource expansion that is demonstrated with ongoing drill results at O’Brien, we believe the company could trade at a premium to peers. In our view, the current drill program, together with the re-logging and selective re-assaying of historic drill core and the digitization of historic data (resource estimate Q3 2017), including exploration at Douay should provide positive catalysts for the stock and close the valuation gap to peers.




Derek Macpherson | VP Mining Analysis
Victoria Ellis Hayes | Associate
 
Red Cloud Klondike Strike Inc.
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Radisson Mining Resources Inc. - TSXV:RDS - 1,2,3,4

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