O3 Mining Inc (TSX-V:OIII, OTCQX:OIIIF) reported a new set of drill results from its Bulldog deposit in Val-d’Or, Quebec that has expanded the mineralization at the Alpha property.
Drill results include 2.6 grams per ton (g/t) gold over 14.1 metres (m), including 5.5 g/t gold over 6.2m only 65m below surface on the deposit.
Other intercepts include 9.5 g/t gold over 4.8m at a vertical depth of 340m and 7.1 g/t gold over 5.6m, including 26.5 g/t gold over 1.3m at a vertical depth of 150m on the Kappa zone.
READ: O3 Mining finds high-grade gold in nine more holes at its Marban property in Quebec
O3 Mining told investors that the core of the Bulldog deposit includes a total of 16 intercepts with a grade-thickness above 15 g/t gold, and is open at depth and towards the west.
The company is hoping to increase resources within trucking distance of the 1,600 ton-per-day Aurbel Mill, which is located 10 kilometres from the Alpha property.
"I am very excited about today's results at Bulldog, which give us confidence in the robustness of the deposit in terms of grade, thickness and continuity, and will also allow us to better design the upcoming 2022 winter drilling program to extend the Bulldog deposit toward the west and at depth, where it remains open,” O3’s CEO Jose Vizquerra said in a statement.
“Also, the potential of the Alpha property is encouraging as we continue to drill on the Kappa zone, which extends at depth and remains completely open in all directions."
The results will be used to convert potentially economic material to inferred resources ahead of an updated resource for Alpha, which is expected to be released during the second half of 2022.
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