TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO,June 8, 2023/CNW/ –O3 Mining Inc. (TSXV: OIII)(OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to provide additional assay results from our winter drill program on our Marban Engineering Project in Val-d’Or, Québec,Canada.

In this news release, the Corporation is reporting 22 significant intercepts in 13 drill holes from the Malartic H deposit drill program completed inMarch 2023, which expands upon the 17 significant intercepts disclosed in O3 Mining’s new release datedMay 16, 2023(entitled“O3 Mining Intersects 5.9 g/t Au Over 10.1 Metres on Malartic H”).

The Malartic H deposit consists of multiple stacked lenses now covering an area of 950 metres along strike and 300 metres wide.

Highlights:

• 4.0 g/t Auover36.5 metresinhole O3MA-23-485 at a vertical depth of 66 metres, including 231.0 g/t over 0.5 metres and 1.2 g/t over 14.4 metres
• 2.8 g/t Au over 16.9 metres in hole O3MA-22-471 at a vertical depth of 182 metres
• 7.2 g/t Au over 4.5 metres in hole O3MA-22-476 at a vertical depth of 219 metres

O3 Mining’s President and CEO, Mr. José Vizquerra commented:

“These new robust and shallow intercepts from our 2023 winter drill program bring us confidence ahead of the maiden near surface resource estimate to be released shortly.

 

Additionally, higher grade intercepts deeper in the system could signal potential for an underground operation.”

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The 2023 winter drill program on Malartic H covered a one kilometre stretch, filling gaps covered by historic drilling in the shallow part of the Malartic H deposit to achieve an 80 metre spacing.

Historic drilling was completed by NioGold Mining Corp. and Aur Resources Inc., with QA/QC procedures applied and documented.

All assays have been received (except a portion of hole O3MA-23-491 that replicate hole O3MA-23-485, 6 metres apart), and O3 Mining expects to release a maiden mineral resource estimate on the Malartic H deposit later this month.

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To read the full news release, please click HERE

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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

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Disclosure

At the time of writing the author holds shares in O3 mining

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