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 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.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) has initiated the environmental permitting process for its Marban Engineering project by filing an Initial Project Description with the Canadian Impact Assessment Agency and the provincial government of Québec. This project aims to adhere to the Environmental and Social Impact Assessments (ESIA) framework. As of now, baseline studies are about 95% complete, showcasing O3 Mining's commitment to responsible mining practices. The company is engaging with various stakeholders as part of its permitting process and aims to achieve social acceptability.
O3 Mining Inc. has announced its first maiden Mineral Resource Estimate (MRE) for the Bulldog gold deposit in Val-d'Or, Quebec, revealing 318,000 ounces of gold in inferred resources. The MRE, based on approximately 50,000 meters of drilling, indicates strong growth potential for further exploration.
Notable drill results include 5.3 g/t Au over 3.8 meters at a depth of 125 meters below the existing resource. The MRE was independently prepared and follows NI-43-101 standards, showcasing the company's commitment to advancing its gold projects.
O3 Mining Inc. has filed a Pre-Feasibility Study (PFS) for its Marban Engineering project in Val-d'Or, Québec, with no material differences from previous estimates. The NI 43-101 document, prepared by Ausenco Engineering Canada Inc., outlines a post-tax NPV of C$463 million and an unlevered IRR of 23.3%. The project has a projected annual production of over 160,000 ounces of gold. The PFS is available on SEDAR. The technical details were approved by qualified person Louis Gariépy.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) announced the approval of a normal course issuer bid (NCIB) to repurchase up to 4,921,389 common shares, approximately 10% of its public float. The NCIB will commence on October 7, 2022, and run until October 6, 2023, or earlier if the maximum shares are acquired. O3 Mining aims to enhance shareholder value as current trading prices do not reflect the share value. The company previously repurchased 619,100 shares through an earlier NCIB that expired on September 30, 2022.
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