{"id":396093,"date":"2020-12-09T06:03:24","date_gmt":"2020-12-09T11:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396093"},"modified":"2020-12-09T06:03:24","modified_gmt":"2020-12-09T11:03:24","slug":"o3-mining-intersects-10-4-g-t-au-over-3-0-metres-400-metres-west-of-simkar-deposit-at-alpha","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/o3-mining-intersects-10-4-g-t-au-over-3-0-metres-400-metres-west-of-simkar-deposit-at-alpha\/","title":{"rendered":"O3 Mining Intersects 10.4 g\/t Au Over 3.0 Metres, 400 Metres West Of Simkar Deposit At Alpha"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n TSXV:OIII – O3 Mining<\/b>\n <\/p>\n

\n TORONTO<\/span>, Dec. 9, 2020<\/span> \/PRNewswire\/ –\u00a0O3 Mining Inc. <\/b>(TSXV: OIII)\u00a0(“O3 Mining” or the “Corporation”) is pleased to provide initial drilling results from the Simkar zone, located 400 metres west of the historic deposit, within the Sector 3 of its Alpha property in Val-d’Or<\/span>, Qu\u00e9bec, as part of a fully-funded 150,000 metre drilling program. The Simkar deposit hosts 43,000 oz Au at 5.52 g\/t in Measured and Indicated resources and 20,000 oz Au at 6.36 g\/t in Inferred category.<\/p>\n

The press release is available on the Corporation’s website at https:\/\/o3mining.com\/news\/<\/a>\u00a0<\/p>\n

O3 Mining’s 2020-2021 drilling program includes 100,000 metres for the Alpha property, which hosts multiple mineralized systems over an approximate 20 kilometres strike length. Current drilling is focused on exploring extensions of the Simkar (historic production of 54,500 oz Au at 5.99 g\/t) and El Sol zones in Sector 3 and the Valdora, Sabourin and Jolin zones in Sector 2 as well as testing the extensions at depth of the Orenada mineralized system in Sector 1 (see Figure 1). These are exploration targets generated by our exploration team, tested by a channel sampling program and verified using artificial intelligence (“AI”) (See Press Release December 02<\/span>nd<\/sup>, 2020<\/a>). <\/p>\n

\n “At Simkar, we are successfully executing our systematic approach to exploration based on geological analysis and AI, channel sampling and field work, and drilling. It is always exciting when the third step, drilling, achieves what it sets out to do. Today’s results show we are successfully extending the mineralized zones at Simkar and other areas in Sector 3 of Alpha beyond the known resources. We are also identifying new areas with the potential of increasing the mineral resources in this Sector. With a lot more drilling to come at Alpha initial results leave us confident of significantly growing the resources of the project,” <\/i>said President and CEO Jose Vizquerra<\/span>.<\/p>\n

New assay results from five holes drilled in the western extensions at the Simkar zone include:<\/p>\n

\n Drilling Highlights:<\/b>\n <\/p>\n