Announcement Date: 2022-01-10
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: O3 Mining Inc.
Project name: Marban Block Property
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 8.9m @ 35.8g/t Au from 177.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, January 10, 2022 – O3 Mining Inc. (TSX.V: OIII; OTCQX: OIIIF) (“O3 Mining” or the “Corporation”) is pleased to provide an update on its well-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada which seeks to convert, expand, and discover new gold resources. The Corporation is reporting 15 holes drilled in and around the Marban openpittable deposits. O3 Mining intends to share its objectives for the year in the following weeks. The Marban zone drilling highlights consist of an array of veins and veinlets composed of quartz, calcite, and chlorite within a folded basaltic unit. The Norlartic zone drilling highlights consist of a stockwork of quartz veinlets with disseminated pyrite within intermediate and mafic dykes as well as a basaltic unit within the hanging wall of the Norbenite Shear. This geology is consistent with the description of the mineralized zones of the historical mines in and around the Marban project. Many drill holes published today have crossed historical mining stopes and confirmed the presence of high-grade material within the mining walls and wide envelopes on both sides of those mining openings.
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