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O3 Mining discovers new zone At Marban Project and expands mineralization

Feb 4, 2021

O3 Mining Inc. is providing new drilling results from the Marban project on its Malartic Property in Val-d'Or, Québec, as part of its well-funded 150,000 metre drilling program.

Current drilling on the Marban project focuses on expanding mineralization outside of the proposed pit areas outlined in the Preliminary Economic Assessment ("PEA") released on September 08, 2020. The 2020-2021 drilling program consists of 50,000 metres to test extensions of the deposits and zones outside of the PEA pit areas. New drilling results from seven drill holes include:

Drilling Highlights:

  • 1.2 g/t Au over 9.7 metres in hole O3MA-20-012 and 2.0 g/t Au over 5.4 metres in hole O3MA-20-015 in a new zone named Golden Bridge Zone 
  • 1.5 g/t Au over 6.3 metres in hole O3MA-20-028 near-surface outside of Kierens PEA pit shell 
  • 34.8 g/t Au over 1.2 metres in hole O3MA-20-013 near-surface inside the Kierens PEA pit shell 
  • 13.5 g/t Au over 1.3 metres and 2.8 g/t Au over 4.3 metres in hole O3MA-20-013 associated with albitized dykes 
  • 4.6 g/t Au over 1.2 metres in hole O3MA-20-012, including 9.6 g/t Au over 0.5 metre at Gold Hawk

A 3D-model of the Malartic property and the Marban project is available on the Company's website at https://o3mining.com/presentations/drill-results.

"Late last year, we published a positive PEA on Marban and committed to making it even better through continued exploration. By investing the time and money into our drill program we continue to grow the various Marban deposits and the results will be included with the next resource update, which will underline how the development of Marban is becoming an even more attractive possibility. Drilling has successfully intercepted mineralization in new areas including what we think is a new parallel structure to Marban called Golden Bridge, which after more work, could be brought into the project economics and further add to the benefits of a future production scenario," said President and CEO José Vizquerra.

Tags: Quebec / Exploration / Gold / All Articles