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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 (OIIIF) reported promising results from metallurgical tests on drill core samples from its Marban Project in Quebec. The tests revealed gold recoveries of 96.7% at Marban Pit South, 95.8% at Marban Pit North, and 91.2% at Norlartic Pit, exceeding the Preliminary Economic Assessment's (PEA) estimate of 93.7%. The tests showed a quick leach time of 24 hours compared to PEA's 28 hours, indicating efficient gold extraction processes. Ausenco Engineering has been appointed to lead the upcoming Pre-Feasibility Study, expected to be completed by Q3 2022.
O3 Mining (TSXV: OIII, OTCQX: OIIIF) has completed its infill drilling program at the Marban project in Val-d'Or, Québec, focusing on gold resource conversion and expansion. The results from 12 drilled holes confirm significant mineralization and support an upcoming resource update. Highlights include 4.2 g/t Au over 12.7 metres in Marban and 2.0 g/t Au over 51.6 metres in Norlartic. The company plans to conduct a Pre-Feasibility Study (PFS) and extensive regional exploration, aiming for a resource update in Q1 2022 as part of its commitment to become a leading gold producer.
O3 Mining Inc. provides an update on its drilling program at the Marban and Alpha properties in Val-d'Or, Québec, with results indicating significant gold mineralization. Highlights include:
- 12.4 g/t Au over 1.9 metres in hole O3AL-21-380
- 12.0 g/t Au over 8.3 metres in O3AL-21-388
- 28.1 g/t Au over 0.9 metres in O3AL-21-391
The ongoing drilling program focuses on expanding resources near the Aurbel Mill and aims to enhance the project's viability. O3 Mining is advancing its 250,000-meter drilling initiative, with over 73,000 meters planned for 2022.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) has released its 2022 outlook, highlighting a successful 2021. The company completed 118,951 meters of drilling, resulting in measured and indicated resources of 2.4 million ounces and 1.3 million ounces inferred. In 2022, O3 Mining plans 73,000 meters of drilling at its Marban and Alpha projects, focusing on resource expansion and pre-feasibility studies. Key environmental and community initiatives are also outlined, reinforcing the company's commitment to sustainable development.
O3 Mining (TSXV: OIII, OTCQX: OIIIF) has announced significant updates regarding its ongoing drilling program at its Marban and Alpha properties in Val-d'Or, Québec. The company completed 15 drill holes, uncovering high-grade gold results, including 35.8 g/t Au over 8.9 metres in the Marban project. O3 Mining aims to release updated mineral resources in early 2022 and is optimistic about expanding the Marban project, which is expected to produce an average of 115,000 ounces of gold annually over a 15.2-year mine life. A Pre-Feasibility Study is underway, targeting production by 2026.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) announced an update on its 250,000 metre drilling program at the Marban and Alpha properties in Val-d'Or, Québec, aimed at expanding and discovering gold resources. Eleven holes were drilled with notable results including 5.7 g/t Au over 14.5 metres in hole O3MA-21-144. The company appointed Jean-Félix Lepage as Director of Operations. As of September 30, 2021, 97,728 metres have been drilled, targeting a current resource of 2.4 million ounces measured and indicated gold. An updated resource estimate is expected in Q1 2022.
O3 Mining has acquired an 80% interest in the Centremaque Property located on its Alpha Property in Val-d'Or, Québec. The acquisition was finalized under an option agreement initiated on April 20, 2017, with required expenditures totaling C$4 million over four years. Notably, Alexandria Minerals Corporation has resolved a shortfall of C$209,460 in expenditures by issuing 98,570 Common Shares to Golden Valley Mines. The acquisition also establishes a joint venture for future exploration and potential mine development, with Golden Valley retaining a 20% interest.
O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) has received authorization from the TSX Venture Exchange to initiate a normal course issuer bid (NCIB) starting October 1, 2021, and ending September 30, 2022. This NCIB permits the purchase of up to 4,482,072 common shares, approximately 10% of the public float, for cancellation. The management believes the shares are undervalued and that this buyback will enhance shareholder value. BMO Nesbitt Burns Inc. will manage the NCIB transactions.
O3 Mining Inc. (TSXV: OIII | OTCQX: OIIIF) has achieved UL 2723 ECOLOGO® Certification for Mineral Exploration Companies, affirming its dedication to sustainability. This certification, granted by Underwriters Laboratories, verifies O3 Mining's exemplary environmental, social, and governance practices. It was developed following a project initiated by the Québec Mineral Exploration Association in 2012. The certification process assessed 100 indicators related to environmental practices, and O3 Mining plans to enhance its sustainability efforts as it advances its goals in Québec's gold exploration sector.
O3 Mining (TSXV: OIII | OTCQX: OIIIF) has provided an update on its extensive 250,000 metre drilling program at the Marban and Alpha properties in Val-d'Or, Québec. Drilling highlights include significant gold intercepts, such as 11.1 g/t Au over 22.2 metres in hole O3MA-21-135. The ongoing efforts aim to convert, expand, and discover new gold resources, with an updated resource estimate expected in 2022. The Marban project, located in a prolific mining camp, is crucial for the company's growth toward becoming a significant gold producer by 2026.
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