Mining Stock Daily Radisson Mining Expands O'Brien Drill Program
Oct 21, 2025
Trevor Hall chats with Matt Manson, the CEO of Radisson Mining, who shares insights on their $25 million financing boost aimed at expanding the O'Brien drill program in Quebec. Manson highlights plans to extend drilling to 140,000 meters with more rigs to explore deeper high-grade deposits. They dive into the growing institutional demand, the strategic focus on resource updates, and the ongoing consolidation in the Abitibi region. It's a fascinating look at how these developments could reshape the mining landscape.
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Use Institutional Up-Rounds To Scale Quickly
- Raise institutional hard dollars when you can secure an up-round and strong book to expand programs.
- Use that financing to scale drilling and increase rigs to accelerate discovery and news flow.
Large Drilling Scale Unlocks Depth Potential
- Expanding the drill program to 140,000 metres lets Radisson test deep continuity and accelerate resource definition.
- Increasing rigs from four to eight doubles drilling pace and potential intersections.
Deep Wedges Revealed A Multi-Vein System
- Directional deep drilling and wedging off pilot holes revealed a wide, multi-vein system below the old mine.
- Lower local drill costs and proximity to infrastructure keep discovery costs per ounce relatively low.