Outcrop stripping and channel sampling began in July this year and so far, 22 strippings have been completed on the eastern part of the property, which includes the Valdora, Sabourin and Jolin zones, known as Sector 2.
A highlight result was 176 grams per ton (g/t) of gold, 38 g/t silver, 0.1% copper over 0.6 metres at the Valdora Zone 4. Elsewhere 9 g/t of the yellow metal over 1.3 metres was encountered in channel samplimng at the Valdora Zone L17.
"These initial results are very encouraging as they confirm that Valdora Zone 4 can deliver high-grade gold related to well-constrained deformation zones,” O3 Mining CEO Jose Vizquerra told investors in a statement.
"We are always strategically thinking of ways to maximize value for our shareholders and minimize our environmental footprint. By combing the Mira artificial intelligence (AI) technology with our field exploration program, we are able to conduct more focused exploration and seize the potential our Alpha property has to offer.”
O3 said it is deploying innovative artificial intelligence (AI) methods and machine learning to focus the stripping and channel sampling to the best possible targets.
The program consists of around 30 strippings, which are to be completed by the end of August, while full assay results are expected by the beginning of October.
According to the company, an approximately 40,000 metre drilling program in Sectors 2 and 3 is set to begin this fall aimed to be completed before the end of March 2021.
Shares in Toronto ticked up 0.40% to C$2.48 each.
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