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Be the first with the news that moves the market- O3 Mining (OIII) has commenced a drill program at its Malartic property in western Quebec
- Drilling will focus on extensions of the Orion 8, Gold Hawk, Malartic H, North Shear and North-North zones near the Marban deposit
- Regional targets surrounding the Marban deposit – which is currently the subject of a Preliminary Economic Assessment – will also be tested
- Approximately 30,000 metres of drilling has been allocated for the Malartic property as part of a broader 150,000-metres campaign
- O3 Mining (OIII) is currently up 6.61 per cent and is trading at C$2.58 per share
O3 Mining (OIII) has commenced a drill program at its Malartic property in western Quebec.
Located midway between the towns of Val D’Or and Malartic, and 12 kilometres from the Canadian Malartic Mine, the property is comprised of 30 mining claims and three mining concessions.
It hosts the Marbenite, Norbenite and North shears, which run west-northwest across the property for more than 10 kilometres and are the primary hosts of mineralisation.
The Marbenite shear is related to the Marban deposit, the Gold Hawk zones and the Orion 8 zone, while the Norbenite shear is related to the Norlartic and the Kierens deposits.
Drilling at the Malartic property follows the completion of a successful summer program, with one drill already mobilised to expand existing zones along strike and at depth, as well as several other regional targets.
O3 Mining intends to focus on extensions of the Orion 8, Gold Hawk, Malartic H, North Shear and North-North zones near the Marban deposit, which is currently the subject of a Preliminary Economic Assessment.
In addition, the company will target a number of regional zones that surround the Marban deposit.
It’s expected that the Malartic property will see approximately 30,000 metres of drilling as part of a broader 150,000-metre campaign.
Jose Vizquerra, President and CEO of O3 Mining, said the Marban deposit id an important asset within the company’s multi-million-ounce portfolio.
“To begin drilling the extension of Marban at Gold Hawk is a very important milestone, because we will be able to test the high-grade potential at depth and along strike.
“The positive results at Gold Hawk will positively impact our Marban project,” he added.
O3 Mining (OIII) is currently up 6.61 per cent and is trading at C$2.58 per share at 11:43am EDT.
