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O3 Mining Inc.

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Summary

Project:

East Cadillac

Deposit:East Cadillac
Location:Canada
Commodities:Gold
Date:7/7/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-7-2020: O3 Mining Inc. announces an Exploration/Drilling Update report for its East Cadillac deposit at the East Cadillac project. Drilling results incl. 1.3m @ 46.4g/t Au from 260m. The Nordeau East zone is located 1.7 km east of the Nordeau West zone,
Resources:(not mentioned in this report)
CP/QP:[Overall Report] Louis Gariepy (Not stated)
ABSTRACT:The Nordeau East zone is located 1.7 km east of the Nordeau West zone, within the wacke north of the mafic volcanic package related to the Simon West and Nordeau West zones. The mineralization is related to altered iron formation bands and surrounding wacke. During the winter campaign, six holes were drilled on the Nordeau East zone approximately 200 m apart, to test the down-dip extension of mineralization found near the surface. Drill hole O3EC-20-023 intersected this new high-grade mineralized zone towards the beginning of the hole at approximately 250 meters north of the Nordeau East zone. Short historical drill holes 300 meters to the east reported significant intercepts at a similar stratigraphic level. The zone is open in all directions and warrants follow up. The Nordeau West zone is located just east of the former Chimo mine and covers the same prospective stratigraphy. While targeting the Nordeau West zone at depth, hole O3EC-20-020 intersected this new zone at the beginning of the hole at about 250 meters north of the Nordeau West zone. It is open in all directions and warrants follow up. Several historical drill holes located between 500 and 1,500 meters to the west intersected narrow high-grade zones at a similar stratigraphic level, suggesting potential connection and requires verification. Both areas will require to follow up drilling in the winter months.

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