O3 Mining Intersects 119.1 g/t Au over 2.5 Metres at Malartic H, Marban Alliance
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Highlights:
- 119.1 g/t Au over 2.5 metres in hole O3MA-24-652 at a vertical depth of 114.2 metres, including 297.0 g/t over 1.0 metre on Malartic H
- 80.6 g/t Au over 3.1 metres in hole O3MA-24-554A at a vertical depth of 33.6 metres, including 411.0 g/t over 0.6 metres on Malartic H
- 1.9 g/t Au over 40.6 metres in hole O3MA-24-647 at a vertical depth of 77.6 metres on Malartic H
The objective of the 2024 drilling campaign on the Malartic H deposit was the conversion to the indicated category of the inferred resource estimated in 2023 (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
Today's news release also includes the last significant intercepts obtained from the fall 2023 drilling program at Norlartic Extension (see news release of
The dyke swarm hosting the gold mineralization at Norlartic Extension is geologically identical to the one hosting the Norlartic and Kierens mineralization. They correspond to mafic and intermediate fine-grained dykes, which have been successfully traced along a two-kilometre trend and serve as a marker to the mineralized corridor.
Figure 1: Photo of visible gold at 46.7 metres in hole O3MA-24-554A at Malartic H
Table 1: Drill Hole Intercepts. 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 |
Grade |
Core Length |
Vertical Depth |
Metal Factor |
Zone |
O3MA-24-554A |
44.2 |
47.3 |
80.6 |
3.1 |
33.6 |
249.8 |
Malartic H |
Including |
46.7 |
47.3 |
411.0 |
0.6 |
34.5 |
246.6 |
|
O3MA-24-555 |
13.0 |
18.4 |
2.6 |
5.4 |
11.2 |
14.0 |
|
O3MA-24-560 |
116.5 |
121.0 |
2.9 |
4.5 |
89.3 |
13.2 |
|
Including |
120.5 |
121.0 |
15.3 |
0.5 |
90.7 |
7.6 |
|
O3MA-24-570 |
57.1 |
58.5 |
4.0 |
1.4 |
43.5 |
5.7 |
|
116.4 |
119.2 |
1.8 |
2.8 |
87.4 |
5.0 |
||
O3MA-24-583 |
106.0 |
118.9 |
0.6 |
12.9 |
76.0 |
8.2 |
|
O3MA-24-598 |
63.3 |
65.3 |
3.5 |
2 |
56.9 |
7.0 |
|
70.0 |
78.4 |
1.4 |
8.4 |
65.6 |
12.1 |
||
167.5 |
170.3 |
2.3 |
2.8 |
149.0 |
6.5 |
||
O3MA-24-602 |
25.7 |
27.5 |
3.1 |
1.8 |
17.7 |
5.5 |
|
O3MA-24-603 |
102.3 |
117.9 |
0.9 |
15.6 |
76.1 |
13.7 |
|
O3MA-24-607 |
85.3 |
88.0 |
3.7 |
2.7 |
78.9 |
10.0 |
|
O3MA-24-612 |
32.3 |
35.0 |
2.8 |
2.7 |
23.1 |
7.6 |
|
64.9 |
67.5 |
2.5 |
2.6 |
45.8 |
6.4 |
||
75.0 |
87.9 |
1.1 |
12.9 |
56.4 |
14.5 |
||
118.6 |
139.4 |
1.3 |
20.8 |
88.6 |
26.6 |
||
O3MA-24-617 |
23.1 |
32.7 |
1.3 |
9.6 |
27.0 |
12.1 |
|
135.6 |
143.5 |
0.7 |
7.9 |
137.3 |
5.3 |
||
O3MA-24-618 |
248.0 |
255.5 |
0.7 |
7.5 |
217.1 |
5.6 |
|
O3MA-24-619 |
9.5 |
16.0 |
1.1 |
6.5 |
8.4 |
7.0 |
|
29.5 |
31.2 |
3.0 |
1.7 |
21.1 |
5.1 |
||
59.5 |
61.4 |
4.5 |
1.9 |
42.7 |
8.6 |
||
O3MA-24-622A |
92.9 |
100.0 |
0.9 |
7.1 |
92.1 |
6.1 |
|
211.0 |
219.0 |
0.7 |
8 |
205.2 |
5.4 |
||
O3MA-24-623 |
56.1 |
60.9 |
2.0 |
4.8 |
43.0 |
9.4 |
|
191.1 |
193.2 |
4.6 |
2.1 |
132.3 |
9.6 |
||
O3MA-24-628 |
27.2 |
32.0 |
1.9 |
4.8 |
20.0 |
9.2 |
|
60.5 |
67.8 |
0.7 |
7.3 |
44.0 |
5.2 |
||
O3MA-24-637 |
192.8 |
212.0 |
1.6 |
19.2 |
176.7 |
31.2 |
|
O3MA-24-641* |
110.5 |
120.0 |
3.2 |
9.5 |
80.7 |
30.3 |
Table 1 (continued): Drill Hole Intercepts. 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 |
Grade |
Core Length |
Vertical Depth |
Metal Factor |
Zone |
O3MA-24-645* |
6.6 |
7.8 |
6.3 |
1.2 |
5.4 |
7.5 |
Malartic H |
194.3 |
198.2 |
1.3 |
3.9 |
137.4 |
5.1 |
||
O3MA-24-647 |
63.6 |
104.2 |
1.9 |
40.6 |
77.6 |
75.6 |
|
117.0 |
126.0 |
1.1 |
9 |
112.4 |
10.0 |
||
129.6 |
136.0 |
1.4 |
6.4 |
122.8 |
8.9 |
||
139.2 |
143.3 |
1.5 |
4.1 |
130.6 |
6.1 |
||
O3MA-24-652* |
83.0 |
87.7 |
2.5 |
4.7 |
58.6 |
11.9 |
|
166.5 |
169.0 |
119.1 |
2.5 |
114.2 |
297.7 |
||
Including |
166.5 |
167.5 |
297 |
1 |
113.8 |
297 |
|
O3MA-23-543 |
124.4 |
126.0 |
3.3 |
1.6 |
109.6 |
5.3 |
Norlartic Extension |
O3MA-23-544 |
44.2 |
48.4 |
1.4 |
4.2 |
42.1 |
6.0 |
|
70.0 |
75.3 |
1.8 |
5.3 |
63.7 |
9.7 |
||
104.3 |
107.6 |
2.1 |
3.3 |
91.1 |
6.9 |
||
O3MA-23-545 |
45.3 |
48.0 |
2.1 |
2.7 |
43.1 |
5.6 |
|
61.0 |
78.0 |
1.4 |
17 |
62.3 |
24.5 |
||
O3MA-23-547 |
134.0 |
142.5 |
1.1 |
8.5 |
102.7 |
9.1 |
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. |
*Interval where metallic sieve analysis is pending |
Figure 2: Marban Alliance Project Map
Figure 3: Malartic H - Significant Intercepts Map
Figure 4: Norlartic Extension - Significant Intercepts Map
Table 2: Technical parameters of holes of the 2023-2024 campaign at Malartic H and Norlartic Extension that have received assay results
Hole |
Azimuth |
Dip (°) |
Start Depth (m) |
End Depth (m) |
Length |
18 Easting (m) |
UTM Zone18 |
Assays Status |
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-24-557 |
224 |
-50 |
0 |
189 |
189 |
275558 |
5339526 |
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-24-562 |
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-24-569 |
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-24-574 |
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-24-579 |
224 |
-50 |
0 |
170.6 |
170.6 |
275307 |
5339451 |
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-24-587 |
224 |
-45 |
0 |
90 |
90 |
275289 |
5339382 |
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-24-594 |
224 |
-45 |
0 |
105 |
105 |
275222 |
5339483 |
All Received |
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-24-607 |
197 |
-65 |
0 |
261 |
261 |
275201 |
5339958 |
All Received |
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 |
Partial |
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-24-622A |
216 |
-72 |
0 |
225 |
225 |
275119 |
5339999 |
Partial |
O3MA-24-623 |
228 |
-46 |
0 |
216 |
216 |
275115 |
5340141 |
All Received |
O3MA-24-628 |
224 |
-45 |
0 |
183 |
183 |
275110 |
5339983 |
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 |
Partial |
O3MA-24-645 |
224 |
-45 |
0 |
200.7 |
200.7 |
275069 |
5340051 |
Partial |
O3MA-24-647 |
225 |
-70 |
0 |
165 |
165 |
275216 |
5339862 |
All Received |
O3MA-24-652 |
224 |
-45 |
0 |
174 |
174 |
274979 |
5340083 |
All Received |
O3MA-24-654 |
224 |
-45 |
0 |
346 |
346 |
275298 |
5339941 |
Partial |
Qualified Person
The scientific and technical content of this news release has been prepared, reviewed, and approved by Mr.
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
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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. 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.
Neither the
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