03 Mining Inc. (TSX.V: OIII)
03 Mining updated on its well-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada seeking to convert, expand, and discover new gold resources.
The company has reported 18 holes in this release from the Marban, Gold Hawk, North and Orion zones.
|03 Mining||TSX.V: OIII|
|Market Cap||C$156 m @ $2.30|
|Location||Quebec + Ontario|
03 Mining Expands Marban Underground Mineralization
TSXV: OIII | OTCQX: OIIIF – O3 Mining
TORONTO, June 8, 2021 /CNW/ – 03 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to provide an update on its well-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada seeking to convert, expand, and discover new gold resources. The company has reported 18 holes in this release from the Marban, Gold Hawk, North and Orion zones.
- 37.6 g/t Au over 1.2 metres in hole O3MA-21-042; Marban underground zone on the Marbenite shear that remains open at depth
- 4.1 g/t Au over 4.4 metres in hole O3MA-21-044; 3.8 g/t Au over 3.9 meters in hole O3MA-21-044-W1; expansion of Marban underground to the east
- 4.6 g/t Au over 3.2 metres in hole O3MA-21-045; underexplored dykes north of the Marban pit
A 3D-model of the Marban project is available on the Company’s website HERE
Drilling has returned multiple high-grade intersections at Marban Underground located below a depth of 200 vertical metres and outside the current underground mine scenario outlined in the Preliminary Economic Assessment (“PEA”) released on September 08, 2020.
03 Mining Management Comments
“Historically, the Val-d’Or camp has seen the economic benefits of underground mines, which can extend to depths of 3 kilometres below surface.
“Today’s drilling results demonstrate resource and excellent potential mine plan expansion at Marban at depth through our aggressive exploration program further adding to our goal of putting Marban into production with both an open pit and underground mine”
03 Mining President and CEO, Mr. Jose Vizquerra.
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