TSXV:OIII -
Current drilling on the
Drilling Highlights:
- 2.9 g/t Au over 14.2 metres in hole O3MA-20-006, including 18.5 g/t Au over 1.0 metre
- 2.1 g/t Au over 10.5 metres in hole O3MA-20-005
These drill holes have been drilled from the same collar located between the Kierens and Norlartic deposits, 145 meters SE of the Kierens pit shell limit and 325 meters from the NW limit of the Norlartic pit shell. The primary objective of these holes was to cross the Kierens-Norlartic corridor at shallow depth while drilling the extensions at depth of the Gold Hawk zone. These new results suggest that the Kierens ore body comes closer to the surface than previously interpreted and, when properly delineated, could favorably impact a future update of the in-pit resource.
"We are pleased with these latest drill results as they show that drilling can continue to expand the mineral footprint at the various deposits on our
Table 1: Drill Hole Intercepts (only intercepts above 5 g/t Au * m are reported, cut-off 0.3 g/t Au)
Drill Hole ID | From | To | Interval | Au uncut (g/t) | |
O3MA-20-003 | 28.7 | 38.0 | 9.3 | 2.0 | Kierens |
O3MA-20-004 | 35.5 | 47.0 | 11.5 | 1.6 | Kierens |
O3MA-20-005 | 30.0 | 40.5 | 10.5 | 2.1 | Kierens |
O3MA-20-006 | 28.3 | 42.5 | 14.2 | 2.9 | Kierens |
Including | 29.4 | 30.5 | 1.1 | 18.5 | Kierens |
NOTE: True width determination is currently unknown but is estimated at 65-80% of the reported core length interval for the zones.
Table 2: Drill Hole Details
Drill Hole ID | Azimuth | Dip | Length | UTM E | UTM N |
O3MA-20-003 | 204 | -61 | 714 | 276874 | 5337639 |
O3MA-20-004 | 201 | -69 | 780 | 276874 | 5337639 |
O3MA-20-005 | 186 | -65 | 789 | 276874 | 5337639 |
O3MA-20-006 | 186 | -58 | 771 | 276874 | 5337639 |
The high-grade gold veins at Gold Hawk have been outlined by many different drilling programs since the 1980s. Drilling at 30-metre spacing and to a vertical depth of 400 metres identified three veins or vein systems named Vein #1, #2, and #3, remains open at depth. Non 43-101 compliant resource suggests 254,000t grading 8.6g/t Au at Gold Hawk (Sigeom).
Drill holes O3MA-20-003 to O3MA-20-006 all intersected the Kierens-Norlartic mineralized zone at shallow depth at approximately 6 metres apart. The mineralized zone is associated with up to 5% disseminated pyrite within a brecciated gabbroic dyke with 15% quartz-carbonate-chlorite veining. The dyke is located at the contact with a sheared ultramafic unit and corresponds to the geological context described by previous operators of the Kierens horizon.
Figure 1: Malartic Property Map
Figure 2: Marban Project Drilling Map
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
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