Grows Bulldog Deposit And Kappa Zone
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) has continued to have success with fully-funded 250,000m drilling programme at its Marban and Alpha properties in Val-d’Or, Québec, Canada.
The programme is aimed at converting, expanding, and discovering new gold resources at the Alpha property.
The core of the Bulldog deposit now counts a total of 16 intercepts with a grade-thickness above 15 g/t Au metre within an area covering 200m along strike and 400m down dip at an average of 5.3 g/t Au over 6.0m. The deposit remains open at depth and toward the west.
- 2.8 g/t Au over 14.1 metres including 5.5 g/t Au over 6.2m in hole O3AL-21-343 only 65m below surface on the Bulldog deposit;
- 9.5 g/t Au over 4.8 metres in hole O3AL-21-354A at a vertical depth of 340m on the Bulldog deposit;
- 7.1 g/t Au over 5.6m including 26.5 g/t Au over 1.3 metres in hole O3AL-21-372D at a vertical depth of 150m on the Kappa zone which remains open at depth.
President and CERO, Jose Vizquerra, said the Corporation continues to extend gold mineralisation with the potential to increase resources within trucking distance of the 1,600 tpd Aurbel Mill.
On May 14, 2020, O3 Mining signed an option agreement with QMX Gold Corporation (acquired by Eldorado Gold on January 2021) to acquire a 100% interest of Aurbel which is a fully-permitted mining facility located 10 km from O3 Mining’s Alpha property.
“I am very excited about today’s results at Bulldog which give us confidence in the robustness of the deposit in terms of grade, thickness and continuity, and will also allow us to better design the upcoming 2022 winter drilling programme to extend the Bulldog deposit toward the west and at depth where it remains open,” Mr Vizquerra said.
“Also, the potential of the Alpha property is encouraging as we continue to drill on the Kappa zone which extends at depth and remains completely open in all directions.”
The Corporation drilled 86,000m 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) and 1.5 million ounces inferred (20.2 Mt @ 2.27 g/t Au) and make new discoveries.
For further information please visit: https://o3mining.com/