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O3 Mining Intersects 1.2 g/t Au Over 28.2 Metres and 2.2 g/t Au Over 5.1 Metres Near Surface From Simkar Sector at Alpha Property

Feb 25, 2021

"Drilling at Simkar is successfully intercepting gold mineralization at relatively shallow depths and advancing the possibility of developing another potential ore body with good grade and width. The success of these holes further validates the multi-exploration technique approach we are taking to developing drill targets, which bodes well for future success of finding extensions to these zones as our drilling program continues," said President and CEO Jose Vizquerra.

O3 Mining Inc. is providing drill results from the Simkar sector on its Alpha property in Val-d'Or, Québec, as part of a well-funded 150,000 metre drilling program. 

New drilling results from six holes drilled in the Simkar sector in late 2020 include:

Drilling Highlights from hole O3AL-20-326 

  • 1.2 g/t Au over 28.2 metres
    • incl. 2.0 g/t Au over 5.1 metres 
    • incl. 8.0 g/t Au over 0.5 metres
    • incl. 4.4 g/t Au over 2.7 metres 
  • 2.2 g/t Au over 5.1 metres
    • incl. 17.8 g/t Au over 0.5 metres

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

The Simkar sector comprises several East-West trending iron-rich gabbros and basalts covering an area of 5 kilometres by 2 kilometres. The main dyke hosts the former Simkar mine. The drill holes reported today aimed to test the extensions of multiple zones known from historical surface exploration work and shallow drill holes extending over an area of roughly 1.2 square kilometres,  located approximately 700 metres south of the historical Simkar mine. O3 Mining's 2020 trenching program helped improve the geological understanding of the controls of these zones in preparation for drilling this winter. The encouraging results received from this initial drilling program support a decision to continue drilling to further explore for mineralized extensions of the VD-L17 zone, which remains partially open laterally and fully open at depth.


Tags: Quebec / Exploration / Gold / All Articles