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O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) is a gold explorer and mine developer in Québec, Canada. With a focus on becoming a gold producer, the company owns multiple multi-million-ounce deposits. President and CEO, Mr. José Vizquerra, leads a team of industry experts fostering growth and success. Recent achievements include an infill drilling campaign on the Norlartic Extension and Malartic H areas, showing high-grade intercepts and mineralization. O3 Mining's projects, like Horizon, Marban, and Norlartic Extension, exhibit significant exploration potential and positive results, ensuring a prosperous future.
O3 Mining Inc. has updated its 250,000 metre drilling program at the Marban and Alpha properties in Val-d'Or, Québec, targeting gold resource expansion. Significant findings include multiple high-grade gold intercepts, such as 37.6 g/t Au over 1.2 metres in hole O3MA-21-042. The company aims to convert and expand its current resource of 2.4 million ounces measured and indicated. As part of a robust strategy, O3 Mining plans to advance the Marban project to production by 2026, continuing aggressive exploration efforts.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) held its annual and special shareholder meeting with 67.33% of common shares represented. All resolutions were approved, including the election of management nominees to the board, the appointment of PricewaterhouseCoopers LLP as auditors, and the continuation of the 10% rolling Stock Option Plan. Significant voting showed strong support for board members, with John Burzynski receiving 99.49% approval. O3 Mining continues to focus on gold exploration and production in its extensive properties across Québec, Canada.
O3 Mining Inc. has provided an update on its extensive 250,000 metre drilling program at the Marban and Alpha properties in Val-d'Or, Québec, aimed at expanding gold resources. Recent drilling highlights include significant gold intercepts, such as 20.2 g/t Au over 1.5 metres at Marban. The ongoing program aims to convert inferred resources into measured and indicated resources, ultimately enhancing production and extending mine life. A Pre-Feasibility Study is expected in 2022 as O3 Mining plans to position itself as a leading gold producer by 2026.
O3 Mining Inc. has announced the sale of its Kinebik Gold Project to Tri Origin Exploration Ltd. Located in northern Quebec, this transaction involves O3 Mining receiving 2,700,000 common shares of Tri Origin, subject to a four-month hold period. Following the sale, O3 Mining will hold 5,100,000 shares of Tri Origin, equivalent to approximately 9.87% of its issued shares. The company's president expressed satisfaction in partnering with Tri Origin and emphasized the ongoing strategy of enhancing shareholder value through divestment.
O3 Mining (TSXV: OIII, OTCQX: OIIIF) announces the appointment of Mélissa Desrochers to its Board of Directors, enhancing its strategic communications and stakeholder engagement capabilities. Desrochers has significant experience in mining communications and government relations, previously serving as Director of Government Relations at Agnico Eagle Mines. Her expertise will strengthen O3 Mining's Environmental, Social, and Governance (ESG) efforts. The company remains focused on its gold exploration and production initiatives in Québec.
O3 Mining (TSXV: OIII | OTCQX: OIIIF) announced promising new drilling results from the Marban project in Québec. Key highlights include 5.1 g/t Au over 5.1 metres in the North Shear zone and 2.7 g/t Au over 10.6 metres in the new Triple North zone. The ongoing drilling program consists of 125,000 metres aiming to expand mineralization beyond the initial pit areas outlined in the Marban Preliminary Economic Assessment. The results indicate potential resource expansion, with additional assay results from 23 drill holes pending.
O3 Mining (OIIIF) has announced a significant 250,000-metre drilling program for 2021-2022 at its Malartic and Alpha properties in Val-d'Or, Québec. Following successful drilling of 86,000 metres in 2019-2020, O3 aims to convert, expand, and discover gold resources, supported by CDN $35 million financing that boosted cash reserves to CDN $145.9 million. The exploration budget is set at CDN $49.3 million, with drilling expected to continue year-round using six rigs. The initiative seeks to enhance the corporation's prospective developments ahead of the planned Pre-Feasibility Study.
O3 Mining (TSXV: OIII, OTCQX: OIIIF) announced encouraging results from its drilling program at the Simkar sector of the Alpha property in Val-d'Or, Québec. The program, involving a well-funded 150,000 metre initiative, revealed significant gold mineralization, particularly in hole O3AL-20-326, which reported 1.2 g/t Au over 28.2 metres. The drilling aims to explore extensions of known zones with promising results prompting further exploration. With 100,000 metres targeted for the Alpha property in 2020-2021, O3 Mining is focused on expanding known deposits and discovering new ones.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) has completed a transaction with Moneta Porcupine Mines Inc., closing on January 14, 2021. This deal involved the sale of O3 Mining's subsidiary, Northern Gold Mining Inc., in exchange for approximately 149.5 million Moneta shares, representing around 27.0% of Moneta's total shares. O3 Mining secured rights to nominate directors on Moneta's board, reflecting significant ownership influence. O3 Mining's shares are held for investment but could be increased or decreased based on market conditions.
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