O3 MINING INC - OIIIF STOCK NEWS

O3 Mining (TSXV: OIII, OTCQX: OIIIF) has announced significant results from its ongoing drilling program on the Marban Project in Val-d'Or, Quebec. The report covers 27 holes drilled in 2022, totaling 13,692 metres, revealing valuable intercepts including 3.7 g/t Au over 11.0 metres in hole O3MA-22-334 and 7.9 g/t Au over 3.2 metres in hole O3MA-22-423. These findings suggest the potential for expanding resources in the area with an updated resource estimate. The drilling program aims to explore the Norlartic trend further, which may lead to greater economic viability for the Marban Project.

O3 Mining Inc. has provided an update on its Marban Engineering Project in Val-d'Or, Quebec, announcing assay results from 14 drill holes completed in December 2022. The infill drilling program aimed to convert part of the 50,000 ounces of gold in the Pre-feasibility Study resource pit from inferred to indicated. Notable results include 2.1 g/t Au over 84.5 meters in hole O3MA-22-335. The company expressed confidence in expanding resources and updating the mining feasibility study expected in Q1 2024. The infill program consisted of 64 holes totaling 12,153 meters with ongoing assays and multiple rigs actively drilling.

O3 Mining Inc. (OIIIF) announces the deployment of a second drill rig at the Malartic H deposit, part of a 14,000-meter exploration program at Marban. This initiative aims to delineate the main deposit and prepare a maiden resource estimate scheduled for Q2-2023. The drilling will cover 6,000 meters at Malartic H, which is located near the proposed processing plant, enhancing its potential for resource expansion.

The Malartic H deposit is notable for its recognized strike length of 600 meters and significant historical gold intercepts, indicating promising mineralization.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) has announced the appointment of Elijah Tyshynski as Corporate Secretary effective February 1, 2023. He will also continue his role as Chief Financial Officer. Lili Mance will step down from her position but will remain with Osisko Mining Inc. The company expresses gratitude for Mance's contributions. O3 Mining, a gold explorer and developer in Québec, Canada, is well-capitalized and holds a 100% interest in its properties covering 66,000 hectares. The organization is focused on maximizing shareholder returns and advancing its gold production goals.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) has announced the start of its exploration drilling program at Marban Regional, covering approximately 5,000 hectares with a total of 9,300 metres planned for drilling. The initiative aims to identify gold targets in this underexplored area, building on prior geological work, soil sampling, and geophysical surveys conducted in 2022. Significant features to be tested include the shear structures that host known deposits, and the drilling will also follow up on historic intercepts from the Ludovick site.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) has outlined its strategic outlook for 2023 along with a review of 2022's achievements. Key highlights include a 29% increase in the measured and indicated (M&I) open-pit resource at the Marban Engineering Project, totaling 2.3 million ounces of gold. The company is set to commence a Feasibility Study (FS) in H1 2023 and plans to execute 26,000 metres of drilling to extend mine life. The corporation is committed to sustainable mining practices, continuing its collaboration with First Nations, and enhancing stakeholder engagement.

O3 Mining (TSXV: OIII, OTCQX: OIIIF) has filed a technical report under National Instrument 43-101 detailing the maiden mineral resource estimate for its Bulldog and Kappa deposits at Alpha. The report is dated November 10, 2022 and shows no material differences from prior announcements. This report highlights O3 Mining's commitment to developing its properties in Québec, where it holds a 100% interest in 66,000 hectares. The company aims to leverage its strong financial position and expert backing from the Osisko Group as it progresses towards gold production.

O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) is advancing its Marban property in Val-d'Or, Quebec, aiming to enhance the mine's life through extensive exploration and infill drilling. Highlights include resource growth strategies for both short and long-term production, with a projected 463 million CAD NPV for the Marban Engineering project. Notable drilling results include 22.7 g/t Au over 3.4m and 4.0 g/t Au over 11.7m. The company is committed to expanding resources, with a focus on drilling campaigns targeting both surface and underground potential.

O3 Mining (TSXV: OIII, OTCQX: OIIIF) announced an early warning report regarding its holdings in NewOrigin Gold Corp. as of December 21, 2022. Following its acquisitions, O3 Mining now owns 6,600,000 NewOrigin Shares and 3,900,000 Warrants, equating to approximately 11.6% of NewOrigin on a non-diluted basis and 17.3% on a partially diluted basis. The latest acquisition included 1,500,000 units for $75,000, with Warrants priced at $0.10. O3 Mining intends to review its investment continuously and may acquire or dispose of additional NewOrigin securities.