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O3 Mining Infill Drilling continues to expand Marban In-pit Resource Potential

Aug 31, 2021

"Our infill drilling program continues to confirm our expectations of being able to expand the gold resources in the Marban open pits," said O3 Mining's President and Chief Executive Officer, Jose Vizquerra. 

"Results from today's release will form part of an updated resource estimate which we expect to release in 2022. The exploration team is doing a great job in expanding gold mineralization which bodes well for the potential to increase the size of our next resource estimate."

O3 Mining Inc. provided an update on its fully-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d'Or, Québec, which seeks to convert, expand, and discover new gold resources. The Corporation is reporting 13 holes drilled on the Marban project.

Drilling Highlights:

  • 1.9 g/t Au over 12.7 metres in hole O3MA-21-092 located at the bottom of the proposed North North Preliminary Economic Assessment ("PEA") pit; 
  • 11.1 g/t Au over 22.2 metres including 103.4 g/t Au over 2.0 metres in hole O3MA-21-135 located in the core of the North North PEA pit, contains multiple gold grains related to quartz veining in felsic intrusion; 
  • 10.6 g/t Au over 2.7 metres in hole O3MA-21-107 located 48 metres East and below the North pit; 
  • 3.1 g/t Au over 14.8 metres in hole O3MA-21-102 located in the western part of Norlartic PEA pit, starts within the mineralized zone, contains multiple gold grains related to quartz veining in dioritic intrusion; 
  • 2.4 g/t Au over 24.7 metres in hole O3MA-21-113 located in the eastern part of the Norlartic PEA pit, starts within the mineralized zone; 
  • 1.9 g/t Au over 31.4 metres in hole O3MA-21-116 located at the eastern end of the Norlartic PEA pit. 

The drilling results reported are from the Norlartic and North North deposits with multiple intercepts of mineable grade over more than 10 metres widths confirming the significance of the Norlartic sector at the Marban project.

The infill drilling program at Marban will continue within the Marban, Norlartic, North, and North North PEA pits.

Drilling Update

The Corporation drilled 86,000 metres during 2019 and 2020 on its Val-d'Or properties testing for Potential Economic Material ("PEM") with 100-metre step-outs aiming to expand current resources of 2.4 million ounces measured and indicated (62.0 Mt @ 1.22 g/t Au)1 and 1.5 million ounces inferred (20.2 Mt @ 2.27 g/t Au)1 and make new discoveries. All intercepts listed in today's news release will be included in an updated resource for Marban which is expected to be released during the second half of 2022.

Tags: Quebec / Exploration / Gold / All Articles