O3 Mining (TSX.V: OIII)
Announced the results of the maiden mineral resource estimate (“MRE”) on our-100% owned Malartic H gold deposit at Marban, Val-d’Or Quebec, Canada.
They are 342,000 ounces grading 1.04 grams per tonne of gold in the inferred mineral resource category.
.
.
.
O3 Mining Delivers Maiden Mineral Resource Estimate for Malartic H
TSXV:OIII | OTCQX:OIIIF – O3 Mining
TORONTO,June 20, 2023/CNW/ –O3 Mining Inc.(TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to announce the results of the maiden mineral resource estimate (“MRE”) on our-100% owned Malartic H gold deposit at Marban,Val-d’Or Quebec, Canada: 342,000 ounces (“oz”) grading 1.04 grams per tonne (“g/t”) of gold (“Au”) in the inferred mineral resource category.
.
- Open-pit inferred mineral resource estimate of 342,000 oz Au grading 1.04 g/t. Malartic H is located within five kilometres of the proposed processing plant described in the Marban PFS (as defined herein)
- The MRE is based on approximately 29,000 metres of drilling in 103 holes, including 8,036 metres in 25 holes completed by O3 Mining in March 2022 and from January to March 2023
- Significant exploration potential as Malartic H is located between the northwestern extensions of the Marbenite and Norbenite shears, which host most of the mineral resource estimate on the Marban Engineering Project described in the Marban PFS
- The Malartic H deposit remains partially open laterally and completely open at depth
.
.
O3 Mining President and CEO, Mr. José Vizquerra, commented:
“The positive results of this maiden MRE on Malartic H is an exciting milestone for O3 Mining, as it shows the potential for the Malartic H deposit to grow both laterally and at depth.
“We are excited about the results of our winter drilling campaign and remain hopeful that additional infill drilling could allow us to grow the deposit and demonstrate the robustness of the Marban Engineering Project.”
.
.
To read the full news release, please click HERE
.
=======
.
If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.
Disclosure
At the time of writing the author holds shares in O3 Mining
.
.