O3 Mining (TSXV: OIII) this morning released further drill results from its ongoing 250,000 metre drill program at its Malartic Property, located in Quebec. The drill results come from the Marban project on the property, where the company has released highlight results that include 5.1 g/t over 5.1 metres, including 12.1 g/t gold over 0.5 metres in hole O3MA-21-033-W1.
Exploration at the Marban project for the current season is slated to consumer half of O3’s exploration for the 2021-2022 season, with 125,000 metres of planned drilling underway. The program is focused on testing extensions of deposits and zones outside the current PEA pit areas.
The highlighted result above comes from the North Shear zone, which has now seen depth continuity of mineralization, with the mineralization intersected at a depth of 200 metres past the last historical intercept.
Also released this morning for a highlight was that of 2.7 g/t gold over 10.6 metres, which includes 26.9 g/t gold over 0.5 metres, which was discovered at a new zone labeled Triple North in hole )3MA-21-033. The zone reportedly represents the potential to expand the mineable resource at Marban.
The third and final hole released this morning, O3MA-21-039, intersected 5.3 g/t gold over 1.9 metres at the North North zone. A total of 23 drill holes currently have results pending at Marban.
O3 Mining last traded at $2.52 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
