Welcome to our dedicated page for O3 MINING news (Ticker: OIIIF), a resource for investors and traders seeking the latest updates and insights on O3 MINING stock.
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 (TSXV: OIII, OTCQX: OIIIF) announced favorable results from gold recovery tests conducted at its Alpha Project in Val-d'Or, Québec. The tests revealed overall gold extraction rates of 94.5% at the Bulldog deposit and 92.0% at the Kappa deposit after 24 hours of cyanide leaching. Notably, Bulldog achieved a recovery of 93.3% in just six hours. The tests indicate efficient leach times and simple processing methods that align with existing techniques used in nearby gold mines.
The metallurgical testing included several methodologies such as comminution testing and cyanide leach testing. O3 Mining is optimistic that these results will enhance resource estimates, with inferred mineral resources at Bulldog and Kappa estimated at 0.32 million ounces of gold. Further tests are expected to complete in 2023.
O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) announced on March 23, 2023, the initiation of drilling activities at its Marban Project, specifically targeting the Upper Camflo area and the Orion deposit. This drilling is part of a larger exploration program totaling 24,800 metres. The company plans to drill 1,500 metres near the surface at Upper Camflo and 900 metres around the former Orion mine to confirm the presence of potentially mineable ore. With past production data indicating high-grade gold, the drill program aims to expand resources and validate historical high-grade assays.
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.
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