O3 Mining Confirms Auriferous Corridors In The Sediments At The Ludovick Sector, Horizon Project
Highlights:
- 0.8 g/t Au over 9.1 metres in hole O3HR-24-016 at a vertical depth of 233.0 metres, including 5.3 g/t over 0.5 metres on SW-1 sector;
- 4.6 g/t Au over 1.5metres in hole O3HR-24-010 at a vertical depth of 71.0 metres, in the Ludovick zone;
- 4.5 g/t Au over 1.2metres in hole O3HR-24-013 at a vertical depth of 131.0 metres, on SW-2 sector.
Evidence of gold mineralization along the Parfouru Fault zone within the sedimentary basin opens up promising exploration potential within the sector, beyond the historical Ludovick zone itself. There has been minimal historical drilling conducted along the five kilometres stretch of the Parfouru Fault present on the
Table 1: Drill Hole Intercepts. See Table 2 below for full technical parameters.
Hole |
From |
To |
Grade |
Core |
Vertical |
Metal Factor |
Zone |
O3HR-24-008 |
118.0 |
119.0 |
2.9 |
1.0 |
82.0 |
2.9 |
Ludovick |
O3HR-24-009 |
22.5 |
24.0 |
1.2 |
1.5 |
15.0 |
1.8 |
SW-1 |
O3HR-24-010 |
81.0 |
82.5 |
4.6 |
1.5 |
71.0 |
6.9 |
Ludovick |
O3HR-24-011 |
132.2 |
136.7 |
1.2 |
4.5 |
120.0 |
5.3 |
SW-1 |
O3HR-24-013 |
202.8 |
204.0 |
4.5 |
1.2 |
131.0 |
5.4 |
SW-2 |
and |
224.4 |
227.5 |
0.9 |
3.1 |
144.0 |
2.8 |
|
and |
233.5 |
235.0 |
1.5 |
1.5 |
149.0 |
2.3 |
|
O3HR-24-016 |
316.1 |
325.2 |
0.8 |
9.1 |
233.0 |
7.2 |
SW-1 |
Including |
316.1 |
316.6 |
5.3 |
0.5 |
230.0 |
2.7 |
|
Table 2: Technical parameters of holes of the 2024 campaign at Ludovick Sector
Hole |
Azimuth |
Dip (°) |
Start Depth (m) |
End Depth (m) |
Length |
|
UTM Zone18 |
O3HR-24-006 |
206 |
-46 |
0 |
234 |
234 |
270656 |
5337882 |
O3HR-24-007 |
210 |
-53 |
0 |
300 |
300 |
270743 |
5337844 |
O3HR-24-008 |
209 |
-45 |
0 |
216 |
216 |
271678 |
5337691 |
O3HR-24-009 |
14 |
-45 |
0 |
327 |
327 |
270484 |
5337748 |
O3HR-24-010 |
208 |
-64 |
0 |
237 |
237 |
271678 |
5337691 |
O3HR-24-011 |
14 |
-66 |
0 |
357 |
357 |
270484 |
5337748 |
O3HR-24-012 |
208 |
-45 |
0 |
285 |
285 |
271680 |
5337819 |
O3HR-24-013 |
199 |
-45 |
0 |
288 |
288 |
271483 |
5337343 |
O3HR-24-014 |
199 |
-45 |
0 |
264 |
264 |
270546 |
5337700 |
O3HR-24-015 |
201 |
-45 |
0 |
180 |
180 |
271342 |
5337261 |
O3HR-24-016 |
24 |
-50 |
0 |
365 |
365 |
270546 |
5337700 |
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mrs. Élise Bourgault,
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 Agat laboratory in
Commercial certified standard material and blanks are systematically inserted by
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 include, but are not limited to, statements with respect to planned and ongoing drilling, the exploration potential of the Ludovick Sector, the ability to further development the Ludovick Sector, 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. 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 the
Neither the
View original content to download multimedia:https://www.prnewswire.com/news-releases/o3-mining-confirms-auriferous-corridors-in-the-sediments-at-the-ludovick-sector-horizon-project-302154690.html
SOURCE