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O3 Mining hits 413 g/t gold at Alpha

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Image source: O3 Mining.

(Kitco News) - O3 Mining (TSXV: OIII) today reported additional high-grade drilling results from the Simkar zone within the Sector 3 of its Alpha property in Val-d'Or, Québec.

New assay result from one hole drilled in the western extension of the Simkar zone includes 413.0 g/t Au over 1.2 metres in hole O3AL-20-321.

Currently, the company has seven drill rigs operating, four at Alpha and three at its Malartic properties.

"This is a spectacular intercept and one which is associated with a well-developed structure and is flanked by two significant previous drill intercepts 200 metres away on each side. With all of these holes about 600 metres from the historical mine, it strongly suggests the presence of an important ore shoot in the down-plunge extension of the Simkar. Our winter drilling program will continue targeting this area and so we look forward to receiving more results early in the new year," said President and CEO Jose Vizquerra.

O3 Mining, which forms part of the Osisko Group of companies, is a mine development and emerging consolidator of exploration properties in prospective gold camps in Canada - focused on projects in Québec and Ontario – with a goal of becoming a multi-million ounce, high-growth company.

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