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O3 Mining Inc.
Summary
| Project: | Central Cadillac | |
|---|---|---|
| Deposit: | Alpha | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-2-2020: O3 Mining Inc. announces an Exploration/Drilling Update report for its Alpha deposit at the Central Cadillac project. Drilling results incl. 8.6m @ 5.3g/t Au from 376.2m. Toronto, February 12, 2020 - O3 Mining Inc. (TSX.V: OIII) ("O3 Mining" or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sebastien Vigneau (Internal) | |
| ABSTRACT: | Toronto, February 12, 2020 - O3 Mining Inc. (TSX.V: OIII) ("O3 Mining" or the "Corporation") is pleased to provide new results from the ongoing 50,000 metre drilling program on it’s Val D’Or, Quebec properties. The 2020 drilling campaign on the Alpha property continues to focus on the Cadillac Larder Lake Fault corridor, specifically the Bulldog, and the Epsilon zones, with two drill rigs now on the Alpha property and a third rig starting later this month. New analytical results from the Bulldog zone include 4.8 g/t Au over 8.2 m and 6.7 g/t Au over 2.9 m in hole O3AL-20-284, and 5.3 g/t Au over 8.6 m including 29.0 g/t Au over 1.0 m and 6.0 g/t Au over 2.8 m in hole O3AL-20-285A. Both drill holes are spaced 90 m and are located 100 m to the east of historic drill hole OAX-18-245 and follow up on a historic intercept of 6.2 g/t Au over 10.5 m, including 10.9 g/t Au over 4.5 m (See Press Release December 2018). O3 Mining President and Chief Executive Officer, Jose Vizquerra Benavides, commented: “The Bulldog zone can now be traced over 200 x 100 m and remains open towards the east and at depth. Further drilling will follow up on these significant intercepts at Bulldog as part of the 10,000 m remaining to be completed as part of the 2020 drill program at Alpha.” Additional significant results in 3 new holes from the Epsilon zone demonstrate the continuity of the zone over a strike length of 1.5 km. This zone consists of quartz veins surrounded by a tourmalinized and sericitized envelope containing disseminated arsenopyrite north of the Cadillac Larder Lake Fault. This geological context relates to the Orenada Zone 4 deposit, 2.5 km East. | |
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