O3 Mining Intersects 102.0 g/t Au over 1.5 Metres at Malartic H, Marban Alliance
TSXV:OIII | OTCQX:OIIIF -
Highlights:
- 35.1 g/t Au over 4.5 metres in hole O3MA-24-678 at a vertical depth of 72.9 metres, including 102.0 g/t Au over 1.5 metres on Malartic H
- 3.0 g/t Au over 15.4 metres in hole O3MA-24-655 at a vertical depth of 52.7 metres on Malartic H
- 2.1 g/t Au over 19.3 metres in hole O3MA-24-678 at a vertical depth of 212.4 metres, including 31.7 g/t Au over 0.7 metre on Malartic H
The objective of the 2024 drilling campaign on the Malartic H deposit is the conversion of mineral resources that are currently classified as inferred mineral resources in the Corporation's current mineral resource estimate to the indicated mineral resource category (see news release of
Malartic H Deposit
The Malartic H deposit has a recognized strike length of 950 metres, 300 metres wide and down to a vertical depth of 500 metres. It is located within five kilometres of the proposed processing plant described in the pre-feasibility study published on
Figure 1: Photo of visible gold at 104.5 metres in hole O3MA-24-678 at Malartic H
Table 1: Drill Hole Intercepts at Malartic H. Only intercepts with metal factor above 5.0 (g/t Au x metres) are reported, cut-off 0.3 g/t Au and above 200 metres from surface. See Table 2 below for full technical parameters.
Hole |
From |
To |
Vertical |
Grade |
Core Length |
Metal Factor |
O3MA-24-578 |
5.4 |
19.1 |
7.6 |
1.7 |
13.7 |
23.1 |
O3MA-24-588 |
75.6 |
78.3 |
53.2 |
3.3 |
2.7 |
8.9 |
O3MA-24-611 |
51.3 |
58.1 |
37.3 |
1.3 |
6.8 |
8.6 |
O3MA-24-611 |
74.0 |
78.5 |
52.1 |
2.4 |
4.5 |
11.0 |
O3MA-24-620 |
59.0 |
69.4 |
55.8 |
0.9 |
10.4 |
9.4 |
O3MA-24-622A |
211.0 |
220.9 |
206.1 |
0.6 |
9.9 |
6.1 |
O3MA-24-634 |
61.8 |
63.0 |
61.9 |
5.8 |
1.2 |
7.0 |
O3MA-24-645 |
127.9 |
133.2 |
92.2 |
1.1 |
5.3 |
5.9 |
O3MA-24-651 |
54.8 |
62.0 |
40.4 |
0.7 |
7.2 |
5.1 |
O3MA-24-654 |
185.3 |
190.5 |
130.8 |
1.1 |
5.2 |
5.5 |
O3MA-24-655 |
69.2 |
84.6 |
52.7 |
3.0 |
15.4 |
45.5 |
O3MA-24-661 |
43.5 |
47.0 |
31.8 |
3.5 |
3.5 |
12.2 |
O3MA-24-666 |
98.1 |
107.2 |
77.3 |
0.8 |
9.1 |
7.6 |
O3MA-24-666 |
111.3 |
115.1 |
85.1 |
7.6 |
3.8 |
28.8 |
Including |
112.3 |
112.9 |
84.6 |
33.2 |
0.6 |
19.9 |
O3MA-24-668 |
31.9 |
34.6 |
22.6 |
2.5 |
2.7 |
6.7 |
O3MA-24-672 |
88.6 |
92.6 |
67.9 |
3.8 |
4.0 |
15.1 |
O3MA-24-674 |
152.6 |
153.4 |
131.3 |
7.4 |
0.8 |
6.0 |
O3MA-24-674 |
192.4 |
192.9 |
165.1 |
58.4 |
0.5 |
29.2 |
O3MA-24-675 |
78.4 |
94.4 |
87.5 |
1.7 |
16.0 |
26.5 |
Including |
78.4 |
79.2 |
79.9 |
12.3 |
0.8 |
9.8 |
O3MA-24-678 |
103.0 |
107.5 |
72.9 |
35.1 |
4.5 |
158.1 |
Including |
104.5 |
106.0 |
72.9 |
102.0 |
1.5 |
153.0 |
O3MA-24-678 |
207.4 |
215.3 |
145.9 |
1.4 |
7.9 |
11.1 |
O3MA-24-678 |
279.5 |
295.2 |
197.7 |
2.1 |
15.7 |
33.3 |
O3MA-24-678 |
299.5 |
318.8 |
212.4 |
2.1 |
19.3 |
40.9 |
Including |
310.1 |
310.8 |
213.3 |
31.7 |
0.7 |
22.2 |
O3MA-24-678 |
335.5 |
352.3 |
235.8 |
1.4 |
16.8 |
24.4 |
O3MA-24-678 |
388.7 |
396.1 |
268.3 |
3.3 |
7.4 |
24.1 |
O3MA-24-679 |
16.8 |
20.3 |
14.1 |
2.6 |
3.5 |
9.0 |
O3MA-24-682 |
12.8 |
21.0 |
11.5 |
0.9 |
8.2 |
7.7 |
O3MA-24-682 |
34.3 |
48.1 |
29.1 |
1.3 |
13.8 |
17.8 |
O3MA-24-682 |
101.0 |
107.5 |
73.9 |
1.0 |
6.5 |
6.5 |
O3MA-24-685 |
138.5 |
145.0 |
100.5 |
2.3 |
6.5 |
14.8 |
True width determination is currently unknown but is estimated at 65-80% of the reported core length interval for the zones. Assays are uncut except where indicated. |
Figure 2: Marban Alliance Project Map
Figure 3: Malartic H - Significant Intercepts Map
Table 2: Technical parameters of holes of the 2024 campaign at Malartic H that have received assay results
Hole |
Azimuth (°) |
Dip (°) |
Start Depth (m) |
End depth (m) |
Length |
UTM |
UTM |
Assays |
O3MA-24-549 |
224 |
-45 |
0 |
141.3 |
141.3 |
275488 |
5339570 |
All Received |
O3MA-24-550A |
224 |
-49 |
0 |
182.7 |
182.7 |
275596 |
5339618 |
All Received |
O3MA-24-551A |
215 |
-81 |
0 |
129.2 |
129.2 |
275488 |
5339570 |
All Received |
O3MA-24-552 |
226 |
-50 |
0 |
183.1 |
183.1 |
275484 |
5339510 |
All Received |
O3MA-24-553 |
224 |
-50 |
0 |
158.6 |
158.6 |
275625 |
5339582 |
All Received |
O3MA-24-554A |
224 |
-48 |
0 |
213 |
213 |
275521 |
5339495 |
All Received |
O3MA-24-555 |
224 |
-45 |
0 |
126 |
126 |
275453 |
5339528 |
All Received |
O3MA-24-556 |
224 |
-45 |
0 |
153 |
153 |
275410 |
5339496 |
All Received |
O3MA-24-557 |
224 |
-50 |
0 |
189 |
189 |
275558 |
5339526 |
All Received |
O3MA-24-558 |
224 |
-45 |
0 |
96 |
96 |
274904 |
5339951 |
All Received |
O3MA-24-559 |
224 |
-55 |
0 |
225 |
225 |
275372 |
5339515 |
All Received |
O3MA-24-560 |
224 |
-46 |
0 |
168 |
168 |
275593 |
5339450 |
All Received |
O3MA-24-561 |
224 |
-45 |
0 |
96 |
96 |
274939 |
5339929 |
All Received |
O3MA-24-562 |
224 |
-45 |
0 |
162 |
162 |
275565 |
5339478 |
All Received |
O3MA-24-563 |
63 |
-85 |
0 |
108 |
108 |
275373 |
5339515 |
All Received |
O3MA-24-564 |
225 |
-45 |
0 |
105 |
105 |
274985 |
5339922 |
All Received |
O3MA-24-565 |
224 |
-55 |
0 |
180 |
180 |
275383 |
5339432 |
All Received |
O3MA-24-566A |
225 |
-60 |
0 |
107.9 |
107.9 |
275605 |
5339351 |
All Received |
O3MA-24-567 |
224 |
-45 |
0 |
106 |
106 |
275028 |
5339904 |
All Received |
O3MA-24-569 |
224 |
-45 |
0 |
189.1 |
189.1 |
275374 |
5339457 |
All Received |
O3MA-24-570 |
224 |
-46 |
0 |
180.1 |
180.1 |
275570 |
5339372 |
All Received |
O3MA-24-571 |
224 |
-45 |
0 |
105 |
105 |
275060 |
5339878 |
All Received |
O3MA-24-572 |
225 |
-55 |
0 |
108 |
108 |
275553 |
5339412 |
All Received |
O3MA-24-573 |
224 |
-45 |
0 |
141.1 |
141.1 |
275329 |
5339417 |
All Received |
O3MA-24-574 |
224 |
-45 |
0 |
105 |
105 |
275562 |
5339317 |
All Received |
O3MA-24-575 |
224 |
-45 |
0 |
147 |
147 |
275101 |
5339918 |
All Received |
O3MA-24-576 |
224 |
-45 |
0 |
143.6 |
143.6 |
275531 |
5339336 |
All Received |
O3MA-24-578 |
224 |
-45 |
0 |
168 |
168 |
275120 |
5339880 |
Partial |
O3MA-24-579 |
224 |
-50 |
0 |
170.6 |
170.6 |
275307 |
5339451 |
All Received |
O3MA-24-580 |
224 |
-45 |
0 |
144 |
144 |
275514 |
5339371 |
All Received |
O3MA-24-581 |
224 |
-45 |
0 |
137.9 |
137.9 |
275079 |
5339843 |
All Received |
O3MA-24-583 |
224 |
-45 |
0 |
147 |
147 |
275492 |
5339396 |
All Received |
O3MA-24-584A |
224 |
-45 |
0 |
123 |
123 |
275285 |
5339487 |
All Received |
O3MA-24-585 |
224 |
-45 |
0 |
93 |
93 |
275017 |
5339842 |
Partial |
O3MA-24-587 |
224 |
-45 |
0 |
90 |
90 |
275289 |
5339382 |
All Received |
O3MA-24-588 |
224 |
-45 |
0 |
96 |
96 |
274987 |
5339864 |
All Received |
O3MA-24-589 |
224 |
-50 |
0 |
174 |
174 |
275481 |
5339457 |
All Received |
O3MA-24-590 |
224 |
-50 |
0 |
99 |
99 |
275270 |
5339416 |
All Received |
O3MA-24-591 |
224 |
-45 |
0 |
96 |
96 |
274948 |
5339878 |
All Received |
O3MA-24-592 |
224 |
-45 |
0 |
108 |
108 |
275184 |
5339503 |
All Received |
O3MA-24-593 |
224 |
-45 |
0 |
216 |
216 |
275187 |
5339776 |
Partial |
O3MA-24-594 |
224 |
-45 |
0 |
105 |
105 |
275222 |
5339483 |
All Received |
O3MA-24-595 |
252 |
-45 |
0 |
188 |
188 |
275590 |
5339613 |
Partial |
O3MA-24-597 |
224 |
-45 |
0 |
94.6 |
94.6 |
275243 |
5339449 |
All Received |
O3MA-24-598 |
214 |
-63 |
0 |
231 |
231 |
275190 |
5339965 |
All Received |
O3MA-24-599 |
225 |
-66 |
0 |
156 |
156 |
275020 |
5340267 |
All Received |
O3MA-24-600 |
224 |
-45 |
0 |
102 |
102 |
275039 |
5339803 |
All Received |
O3MA-24-602 |
224 |
-45 |
0 |
138.2 |
138.2 |
275081 |
5339786 |
All Received |
O3MA-24-603 |
224 |
-45 |
0 |
213.2 |
213.2 |
275201 |
5339958 |
All Received |
O3MA-24-604 |
224 |
-45 |
0 |
171.1 |
171.1 |
274987 |
5340286 |
All Received |
O3MA-24-606 |
234 |
-55 |
0 |
198.1 |
198.1 |
275099 |
5340231 |
Partial |
O3MA-24-607 |
197 |
-65 |
0 |
261 |
261 |
275201 |
5339958 |
All Received |
O3MA-24-609 |
210 |
-52 |
0 |
162.2 |
162.2 |
275071 |
5340220 |
All Received |
O3MA-24-611 |
224 |
-45 |
0 |
189 |
189 |
275160 |
5339920 |
Partial |
O3MA-24-612 |
224 |
-45 |
0 |
221.9 |
221.9 |
275207 |
5339749 |
All Received |
O3MA-24-613 |
239 |
-65 |
0 |
186 |
186 |
275154 |
5339953 |
All Received |
O3MA-24-614 |
224 |
-45 |
0 |
110.8 |
110.8 |
274989 |
5340199 |
All Received |
O3MA-24-615 |
206 |
-45 |
0 |
291.2 |
291.2 |
275172 |
5340092 |
All Received |
O3MA-24-617 |
239 |
-80 |
0 |
207 |
207 |
275154 |
5339953 |
All Received |
O3MA-24-618 |
238 |
-59 |
0 |
369 |
369 |
275512 |
5339760 |
All Received |
O3MA-24-619 |
224 |
-45 |
0 |
201 |
201 |
275141 |
5339956 |
All Received |
O3MA-24-620 |
224 |
-56 |
0 |
165 |
165 |
275095 |
5340185 |
All Received |
O3MA-24-621 |
223 |
-46 |
0 |
162 |
162 |
275326 |
5339526 |
All Received |
O3MA-24-622A |
216 |
-72 |
0 |
225 |
225 |
275119 |
5339999 |
All Received |
O3MA-24-623 |
228 |
-46 |
0 |
216 |
216 |
275115 |
5340141 |
All Received |
O3MA-24-624 |
224 |
-56 |
0 |
291 |
291 |
275512 |
5339760 |
All Received |
O3MA-24-626 |
238 |
-67 |
0 |
237 |
237 |
275115 |
5340141 |
All Received |
O3MA-24-627 |
202 |
-51 |
0 |
226 |
226 |
275471 |
5339696 |
All Received |
O3MA-24-628 |
224 |
-45 |
0 |
183 |
183 |
275110 |
5339983 |
All Received |
O3MA-24-630 |
224 |
-45 |
0 |
198 |
198 |
275073 |
5340113 |
All Received |
O3MA-24-634 |
228 |
-85 |
0 |
204 |
204 |
275326 |
5339526 |
All Received |
O3MA-24-637 |
212 |
-64 |
0 |
312 |
312 |
275419 |
5339755 |
All Received |
O3MA-24-641 |
224 |
-45 |
0 |
159.1 |
159.1 |
275028 |
5340011 |
All Received |
O3MA-24-645 |
224 |
-45 |
0 |
200.7 |
200.7 |
275069 |
5340051 |
All Received |
O3MA-24-647 |
225 |
-70 |
0 |
165 |
165 |
275216 |
5339862 |
All Received |
O3MA-24-651 |
224 |
-45 |
0 |
247.5 |
247.5 |
275275 |
5339698 |
All Received |
O3MA-24-652 |
224 |
-45 |
0 |
174 |
174 |
274979 |
5340083 |
All Received |
O3MA-24-654 |
224 |
-45 |
0 |
346 |
346 |
275298 |
5339941 |
All Received |
O3MA-24-655 |
224 |
-45 |
0 |
178.1 |
178.1 |
275167 |
5339707 |
All Received |
O3MA-24-659 |
224 |
-45 |
0 |
144.1 |
144.1 |
275221 |
5339538 |
All Received |
O3MA-24-661 |
224 |
-45 |
0 |
144 |
144 |
275263 |
5339525 |
All Received |
O3MA-24-666 |
224 |
-50 |
0 |
348 |
348 |
275368 |
5339727 |
Partial |
O3MA-24-668 |
224 |
-45 |
0 |
126 |
126 |
275184 |
5339558 |
All Received |
O3MA-24-670 |
224 |
-45 |
0 |
96 |
96 |
275144 |
5339517 |
All Received |
O3MA-24-671 |
224 |
-46 |
0 |
168 |
168 |
275481 |
5339614 |
All Received |
O3MA-24-672 |
224 |
-45 |
0 |
180 |
180 |
275725 |
5339392 |
All Received |
O3MA-24-673 |
224 |
-45 |
0 |
114 |
114 |
275150 |
5339580 |
All Received |
O3MA-24-674 |
224 |
-60 |
0 |
273 |
273 |
275327 |
5339635 |
All Received |
O3MA-24-675 |
224 |
-77 |
0 |
177 |
177 |
275481 |
5339614 |
All received |
O3MA-24-676 |
252 |
-47 |
0 |
246 |
246 |
275460 |
5339589 |
All Received |
O3MA-24-677 |
224 |
-50 |
0 |
129 |
129 |
275113 |
5339603 |
All Received |
O3MA-24-678 |
224 |
-45 |
0 |
405 |
405 |
275382 |
5339908 |
All Received |
O3MA-24-679 |
226 |
-47 |
0 |
222 |
222 |
275460 |
5339589 |
All Received |
O3MA-24-680 |
202 |
-50 |
0 |
235 |
235 |
275327 |
5339635 |
All Received |
O3MA-24-681 |
245 |
-47 |
0 |
231 |
231 |
275598 |
5339669 |
All Received |
O3MA-24-682 |
224 |
-45 |
0 |
201 |
201 |
275233 |
5339658 |
All Received |
O3MA-24-684 |
224 |
-45 |
0 |
150 |
150 |
275670 |
5339384 |
All Received |
O3MA-24-685 |
224 |
-50 |
0 |
240.1 |
240.1 |
275280 |
5339648 |
Partial |
Qualified Person
The scientific and technical content of this news release has been prepared, reviewed, and approved by Mrs. Élise Bourgault, Geo (OGQ #894), Exploration Manager of
Quality Assurance/Quality Control
Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Half-core samples are shipped to
Commercial certified standard material and blanks are systematically inserted by
About
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Corporation's ability to grow the Malartic H deposit and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Corporation, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at Malartic H; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Corporation nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Corporation believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Corporation does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.
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