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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. (TSXV: OIII; OTCQX: OIIIF) has announced a proposed transaction to acquire the Desjardins property from SOQUEM Inc., adjacent to O3's Kinebik Project in the Casa Berardi trend. This acquisition aligns with O3 Mining's core exploration strategy and further consolidates its presence in the area. The transaction involves O3 Mining acquiring 100% of SOQUEM's rights to the Desjardins Property for $100,000, to be satisfied by issuing 98,441 common shares of O3 Mining at approximately $1.016 per share. The deal is subject to TSX Venture Exchange approval, and the issued shares will have a four-month hold period. This move follows O3 Mining's previous consolidation efforts in the Casa Berardi trend, announced in December 2023.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) congratulates its largest shareholder, Osisko Mining Inc., on its C$2.16 billion acquisition by Gold Fields The all-cash transaction values Osisko shares at C$4.90 per share, representing a 55% premium to the 20-day volume-weighted average trading price. Osisko holds 18,291,854 common shares, or 20.7%, of O3 Mining. The deal is expected to create synergies and potentially impact O3 Mining's future operations. O3 Mining looks forward to working with Gold Fields following the completion of the transaction, which could bring new opportunities and strategic directions for the company.
O3 Mining (TSXV: OIII) (OTCQX: OIIIF) has reported positive metallurgical results from its Malartic H deposit at the Marban Alliance Project in Val-d'Or, Québec. Key highlights include:
- 92.3% overall gold extraction after 48 hours of cyanide leaching
- Average bond ball mill work index of 13.5 kWh/t
- 92.9% average global recovery for an average calculated head grade of 1.35 g/t
- 59% gravity recoverable gold in a three-stage extended test
The Malartic H deposit has a 950-meter strike length, is 300 meters wide, and extends to a depth of 500 meters. It's located within 5 km of the proposed processing plant outlined in the 2022 pre-feasibility study. These results provide confidence for potentially incorporating the deposit into the Marban Alliance mine plan.
O3 Mining has announced positive drilling results from its Malartic H deposit within the Marban Alliance project in Quebec, Canada. Key highlights include:
- 35.1 g/t Au over 4.5 metres, including 102.0 g/t Au over 1.5 metres
- 3.0 g/t Au over 15.4 metres
- 2.1 g/t Au over 19.3 metres, including 31.7 g/t Au over 0.7 metre
These results are part of a 24,505 metre drilling campaign aimed at converting inferred mineral resources to the indicated category. The Malartic H deposit shows potential for growth laterally and at depth. O3 Mining's CEO expressed optimism about the deposit's role in enhancing the Marban Alliance Project.
O3 Mining has sold a 100% interest in its Matachewan and Wydee properties to Alamos Gold for C$3,500,000. Additionally, O3 Mining retains a 1.0% net smelter returns royalty on metal production from these properties. The Matachewan and Wydee properties, close to Alamos Gold's Young-Davidson Mine, were acquired by O3 Mining in 2019 as part of its acquisition of Alexandria Minerals. This sale aligns with O3 Mining's strategy to focus resources on its flagship Marban Alliance project, which aims to deliver significant growth and value for shareholders. The transaction simplifies O3 Mining's asset portfolio and enhances its focus on Marban Alliance.
O3 Mining (TSXV: OIII, OTCQX: OIIIF) announced it will issue 215,517 common shares at $1.16 per share to satisfy $250,000 (50%) of its interest obligation under the senior unsecured convertible debenture issued on June 19, 2023. This partial interest payment is for the period ending June 19, 2024. The company has the option to cover up to 50% of future interest payments in shares, subject to TSX Venture Exchange approval. Terms require the share price to be the higher of the 10-day volume-weighted average price or the TSX minimum price.
O3 Mining has announced assay results from its 3,053-meter winter drill campaign at the Ludovick Sector of the Horizon Project. Key intercepts include 0.8 g/t Au over 9.1 meters, 4.6 g/t Au over 1.5 meters, and 4.5 g/t Au over 1.2 meters. The campaign focused on auriferous corridors along the Parfouru Fault corridor. CEO José Vizquerra emphasized the sector's exploration potential due to its proximity to established mining sites. The drill program identified two gold-bearing horizons, suggesting a correlation between gold grades and sulfide content, opening further exploration opportunities. The results align with historical data, highlighting significant exploration potential.
O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) has published its 2023 environmental, social, and governance (ESG) report, demonstrating the 's commitment to sustainable and responsible development. The report highlights awards received, gender equality achievements, greenhouse gas emissions reductions, water conservation efforts, community engagement initiatives, and charitable contributions. O3 Mining aims to lead the industry in positive change, emphasizing collaboration among industry stakeholders.
O3 Mining Inc. (TSXV: OIII) terminates its option to acquire the Aurbel Mill from Eldorado Gold , originally signed with QMX Gold The decision was made to focus on optimizing resource allocation towards the development of the Marban Alliance project and pursuing potential processing and tailings synergies with industry peers.
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