TSXV:OIII -
At
At Alpha, two drill rigs will continue to explore the depth extensions of Orenada #2 and Orenada #4 down to 800 metres vertically, while an additional two rigs will test several targets in the eastern part of the property. These targets were planned using the Artificial intelligence ("AI") targeting study by Mira (See press release
"With exciting recent news in the
Current exploration will target:
- Continued drilling between the Kierens-Norlartic corridor.
- Regional exploration with a focus on the historical Gold Hawk and Orion 8 zones at depth.
Alpha (100,000 metres)
- Continued drilling at Orenada #2 and #4 will focus on exploration and extension at depth of these zones.
- Regional exploration targets in the eastern part of the property identified by AI and ground verification will include;
Simkar , Akasaba, Valdora,El Sol , Sabourin and Jolin mineralized zones
More drill rigs will be added in the new year to execute the program in areas that require freezing conditions with the aim of delineating the Bulldog and Epsilon zones, depth extensions of the Orenada deposits and testing targets pertaining to the Sigma, Skarn and
Figure 1: Alpha and
Figure 2: Alpha property and drill program
Figure 3:
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared, and approved by
Mr.
Quality Control and Reporting Protocols
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. 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
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. The information in this news release about the transaction; and any other information herein that is not a historical fact may be "forward-looking information". 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. This forward-looking information is based on reasonable assumptions and 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 restart of operations; further steps that might be taken to mitigate the spread of COVID-19; the impact of COVID-19 related disruptions in relation to the Corporation's business operations including upon its employees, suppliers, facilities and other stakeholders; uncertainties and risk that have arisen and may arise in relation to travel, and other financial market and social impacts from COVID-19 and responses to COVID 19. 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 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.
Neither the
View original content to download multimedia:http://www.prnewswire.com/news-releases/o3-mining-increases-to-six-rigs-in-val-dor-quebec-301169313.html
SOURCE
© Canada Newswire, source