O3 Mining Awarded UL ECOLOGO® Certification for Responsible Mineral Exploration

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TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO, Sept. 7, 2021 /CNW/ – Aligned with our commitment to sustainability, O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is proud to announce that it has received UL 2723 ECOLOGO® Certification for Mineral Exploration Companies ("ECOLOGO Certification"). The development of responsible projects is at the core of our strategy. This third-party certification confirms that our environmental, social and governance procedures and practices are exemplary.

 

Supported by industry, investors and government authorities, in 2012 the Association De L'exploration Minière Du Québec ("Québec Mineral Exploration Association" or "AEMQ") initiated the certification project aimed at evaluating and recognizing the responsible practices of mining exploration companies and their service providers. Underwriters Laboratories ("UL"), an independent certification body, developed the ECOLOGO Certification based on AEMQ's initial work.

"UL congratulates O3 Mining on its achievement of ECOLOGO Certification," said Doug Lockard, Vice President and general manager for UL. "The program offers mineral exploration companies  an opportunity to verify their responsible practices and ability to reduce their impact on the environment. We support their commitment to sustainability."

The certification process entailed the verification of 100 indicators encompassing practices on environment, health and safety, governance, community relations, First Nations relations, innovation, contribution to local economy, etc. As O3 Mining moves forward, it intends to continuously improve its sustainability practices.

O3 Mining's President and Chief Executive Officer, Mr. Jose Vizquerra commented, "We are very proud to have been awarded the ECOLOGO Certification. As an exploration company, O3 Mining has taken a proactive approach to sustainability by integrating environmental, social and governance best practices at the heart of our company to create long-term value for our stakeholders. The ECOLOGO certification validates our commitment to sustainable development to our stakeholders and shareholders. We look forward to implementing increasingly sustainable practices as we advance towards our vision."

We would like to thank AEMQ and the team of their coaching program for their collaboration. We greatly appreciate their support and guidance and are grateful for their contribution to the success of our efforts.

About O3 Mining Inc.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multimillion-ounce deposits in Québec.

O3 Mining is well capitalized and owns a 100% interest in all its properties (137,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSX.V: OIII) and OTC Markets (OTCQX: OIIIF). The company is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders. Further information can be found on our website at https://o3mining.com

About UL

UL has been developing standards for Canada for over 100 years and is accredited by the Standards Council of Canada (SCC), an accreditation to deliver standards that promotes sustainable development, benefits the health,safety and welfare of workers and advances national economy.

About AEMQ

The Association De L'exploration Minière Du Québec ("AEMQ") is a non-profit organization that represents players in Québec's mining sector.

Founded in 1975 to increase mining exploration in Québec and support development of Québec's mining entrepreneurship, AEMQ now has 1,200 individual members (prospectors, geologists, geophysicists, brokers, tax experts, attorneys, etc.) and 200 corporate members (junior and major mining exploration companies, mining operation companies, engineering consulting firms in geology and geophysics, drilling companies, service companies, equipment suppliers, etc.).

UL ECOLOGO® Certification for Mineral Exploration
https://canada.ul.com/ulcprograms/explore/ 
https://spot.ul.com/ 

QMEA's coaching program
https://aemq.org/en/certification-about/

SOURCE O3 Mining Inc.

O3 Mining Infill Drilling Continues to Expand Marban In-pit Resource Potential

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TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO, Aug. 31, 2021 /CNW/ – O3 Mining Inc. (TSX.V: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to provide an update on its fully-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d'Or, Québec, Canada which seeks to convert, expand, and discover new gold resources. The Corporation is reporting 13 holes drilled on the Marban project.

Drilling Highlights:

  • 1.9 g/t Au over 12.7 metres in hole O3MA-21-092 located at the bottom of the proposed North North Preliminary Economic Assessment ("PEA") pit;
  • 11.1 g/t Au over 22.2 metres including 103.4 g/t Au over 2.0 metres in hole O3MA-21-135 located in the core of the North North PEA pit, contains multiple gold grains related to quartz veining in felsic intrusion;
  • 10.6 g/t Au over 2.7 metres in hole O3MA-21-107 located 48 metres East and below the North pit;
  • 3.1 g/t Au over 14.8 metres in hole O3MA-21-102 located in the western part of Norlartic PEA pit, starts within the mineralized zone, contains multiple gold grains related to quartz veining in dioritic intrusion;
  • 2.4 g/t Au over 24.7 metres in hole O3MA-21-113 located in the eastern part of the Norlartic PEA pit, starts within the mineralized zone;
  • 1.9 g/t Au over 31.4 metres in hole O3MA-21-116 located at the eastern end of the Norlartic PEA pit.

O3 Mining's President and Chief Executive Officer, Mr. Jose Vizquerra commented, "Our infill drilling program continues to confirm our expectations of being able to expand the gold resources in the Marban open pits. Results from today's release will form part of an updated resource estimate which we expect to release in 2022. The exploration team is doing a great job in expanding gold mineralization which bodes well for the potential to increase the size of our next resource estimate."

The drilling results reported are from the Norlartic and North North deposits with multiple intercepts of mineable grade over more than 10 metres widths confirming the significance of the Norlartic sector at the Marban project.

The infill drilling program at Marban will continue within the Marban, Norlartic, North, and North North PEA pits.

Table 1: Drill Hole Intercepts (only intercepts above 20 g/t Au * m are reported, cut-off 0.3 g/t Au and above 200 vertical metres)

Drill Hole

From
(m)

To
(m)

Interval
(m)

Au (g/t)

Zone

O3MA-21-092

83.8

96.5

12.7

1.9

North North Infill

O3MA-21-095

39.0

52.1

13.1

1.7

O3MA-21-135

33.6

55.8

22.2

11.1

including

34.2

36.2

2.0

103.4

O3MA-21-101

49.5

56.4

6.9

3.4

North Infill

Including

49.5

50.4

0.9

12.9

O3MA-21-107

98.0

100.7

2.7

10.6

North Expansion

Including

98.0

98.9

0.9

30.4

O3MA-21-102

22.2

37.0

14.8

3.1

Norlartic Infill

Including

33.1

33.8

0.7

46.1

O3MA-21-103

27.1

50.3

23.2

1.0

O3MA-21-111

102.6

123.7

21.1

1.5

Including

121.0

122.0

1.0

11.7

O3MA-21-113

18.8

43.5

24.7

2.4

O3MA-21-114

15.2

43.1

27.9

1.9

O3MA-21-116

21.1

52.5

31.4

1.9

O3MA-21-118

14.9

26.5

11.6

1.8

O3MA-21-124

113.2

123.0

9.8

3.9

Figure 1: Marban Project Map

Figure 1: Marban Project Map (CNW Group/O3 Mining Inc.)

Figure 2: Marban Composite Longitudinal-Section

Figure 2: Marban Composite Longitudinal-Section (CNW Group/O3 Mining Inc.)

Drilling Update

The Corporation drilled 86,000 metres during 2019 and 2020 on its Val-d'Or properties testing for Potential Economic Material ("PEM") with 100-metre step-outs aiming to expand current resources of 2.4 million ounces measured and indicated (62.0 Mt @ 1.22 g/t Au)1 and 1.5 million ounces inferred (20.2 Mt @ 2.27 g/t Au)1 and make new discoveries. All intercepts listed in today's news release will be included in an updated resource for Marban which is expected to be released during the second half of 2022.

Figure 3: Marban and Alpha Properties Overview

Figure 3: Marban and Alpha Properties Overview (CNW Group/O3 Mining Inc.)

Marban – Project Development

The Marban project is in the heart of the Malartic gold mining camp. It covers 7,525 hectares, and is located 12 kilometres from the Canadian Malartic Mine. The Marban PEA outlined production of an average 115,000 ounces of gold per year over the 15.2 year mine life.

Drilling at Marban has focused on expanding mineralization in and outside of the proposed PEA pit areas, as well as discovering new mineralization for an underground mining scenario. An 80,000 metre drill program is being executed this year, with 32,000 metres drilled so far. There will be up to eight drill rigs testing for PEM, as well as, aiming to convert resources from Inferred to Measured and Indicated, to ultimately become part of Marban's maiden mineral reserve.

A PEA was completed on the project in 2020, and a Pre-Feasibility Study ("PFS") is currently underway and due to be completed in 2022 as the next step to advance the project to production. O3 Mining aims to become a leading gold producer and put the Marban project into production by 2026.

Alpha – Advanced Exploration

The Alpha property is located 8 kilometres east of Val-d'Or, Québec, and 3 kilometres south of the El Dorado Lamaque Mine. The property covers more than 7,754 hectares and includes 20 kilometres of the prolific Cadillac Break. O3 Mining has an option agreement that grants the right to acquire 100 per cent interest in the Aurbel Mill located only 10 kilometres from the Alpha property for C$5.0M within the next five years.

Drilling at Alpha is at an earlier stage than at Marban and has focused on grassroots exploration, deposit delineation, and resource expansion. A 56,000 metre program is being executed this year with  39,000 metres completed year to date. O3 Mining will have up to three drill rigs testing for new discoveries using its PEM drilling strategy as well as focusing on deposit delineation and expansion of the current resource.

1/ Mineral Inventory: i) Marban Technical Report 2020, ii) Orenada Technical Report 2018, iii) Akasaba Technical Report 2014, iv) Simkar Gold Technical Report 2015, v) East Cadillac Technical Report 2017, vi) Sleepy Technical Report 2014

Qualified Person

The scientific and technical content of this news release has been prepared, reviewed, and approved by Mr. Sébastien Vigneau (OGQ #993), Director of Exploration, who is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

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 Val-d'Or, Québec, and Mississauga, Ontario for assaying. The core is crushed to 75% passing -2 mm (10 mesh), a 250 g split of this material is pulverized to 85% passing 75 microns (200 mesh) and 50 g is analyzed by Fire Assay (FA) with an Atomic Absorption Spectrometry (AAS) finish. Samples assaying >10.0 g/t Au are re-analyzed with a gravimetric finish using a 50 g charge. Commercial certified standard material and blanks are systematically inserted by O3 Mining's geologists into the sample chain after every 18 core samples as part of the QA/QC program. Third-party assays are submitted to other designated laboratories for 5% of all samples. Drill program design, Quality Assurance/Quality Control ("QA/QC"), and interpretation of results are performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices.

About O3 Mining Inc.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million ounce deposits in Québec.

O3 Mining is well-capitalized and owns a 100% interest in all its properties (137,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSX.V: OIII) and OTC Markets (OTCQX: OIIIF). The company is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders. Further information can be found on our website at https://o3mining.com

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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 

Download Press Release (CNW Group/O3 Mining Inc.)

O3 Mining (CNW Group/O3 Mining Inc.)

 

SOURCE O3 Mining Inc.

O3 Mining Announces Corporate Updates

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TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO, Aug. 23, 2021 /CNW/ – O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to announce the promotion of Myrzah  Bello to the position of Vice President of Sustainable Development and Alex Rodriguez to the position of Vice President of Corporate Development effective September 1, 2021. Additionally, the Corporation has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange ("TSX-V") policies.

Myrzah Tavares Bello – Vice President, Sustainable Development

Myrzah Tavares Bello has been promoted to the position of Vice President, Sustainable Development and will be based in Montreal, Canada. Ms. Bello will continue to oversee sustainable development initiatives for the Corporation.

Ms. Bello has over 20 years' experience in sustainable development providing consulting services to mining, oil and gas and other sectors. She has facilitated various consultations with different stakeholders in several projects. Ms. Bello managed multi-disciplinary teams when she worked as Director at SNC-Lavalin. She held various roles including leading the climate change group of experts for over 6 years, and managed the environment division in Brazil for over 14 years. She holds a bachelor's in business administration, a Master's in business delivered jointly by Sherbrooke University and ESC Poitiers in France and a Master's in Environment also from Sherbrooke University.  

Alex Rodriguez Tovalino – Vice President, Corporate Development

Alex Rodriguez Tovalino has been promoted to the position of Vice President, Corporate Development and will be based in Toronto, Canada. Mr. Rodriguez will continue to oversee strategic corporate initiatives as well as Investor Relations and Corporate Communications for the Corporation.

Mr. Rodriguez is an economist with over 10 years of experience in the mining industry and capital markets, spanning both corporate development and equity research roles. He led and supported a range of strategic and finance initiatives at Volcan Compania Minera (Glencore Plc subsidiary) as Head of Business Development. Prior to Volcan, Mr. Rodriguez worked at Kallpa Securities SAB in Equity Research focused on the metals and mining sector. He holds a Master of Business Administration from the University of TorontoRotman School of Management.

Market-Making Services

O3 Mining has, subject to regulatory approval, retained the services of ITG to provide market-making services in accordance with the policies of the TSX Venture Exchange. ITG will trade common shares of the Corporation on the TSX Venture Exchange and all other trading venues for the purposes of maintaining a reasonable and orderly market for, and improving the liquidity of, the common shares of the Corporation.

Under the agreement between O3 Mining and ITG, ITG will receive compensation of CAD$6,500 per month, payable monthly in advance. The agreement is for an initial term of three months and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company. However, clients of ITG may have or may acquire, and ITG and its principals may acquire, a direct interest in the securities of the Corporation. ITG is a member of the Investment Industry Regulatory Organization of Canada (IIROC), and can access all Canadian stock exchanges and alternative trading systems. The capital and securities required for any trade undertaken by ITG as principal will be provided by ITG.

About Independent Trading Group Inc.

Independent Trading Group is Canada's only brokerage firm dedicated specifically to professional trading. As Canada's foremost market-making firm, ITG provides market-making and liquidity provider services that are objective and focused. ITG employs real traders and provides real liquidity, with an underlying emphasis on integrity and success.

About O3 Mining Inc.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million ounce deposits in Québec.

O3 Mining is well-capitalized and owns a 100% interest in all its properties (137,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSX.V: OIII) and OTC Markets (OTCQX: OIIIF). The company is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders. Further information can be found on our website at https://o3mining.com

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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 

SOURCE O3 Mining Inc.

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2020
A Year
in Review

To Our
O3 Mining
Investors

What a year it has been! I want to personally thank you for supporting O3 Mining throughout this unprecedented time. At O3 Mining we experienced a year of tremendous growth as our exploration campaigns surpassed all expectations and we invested significant capital into our projects.

Our Year In Review

2020
A Year
in Review

What a year it has been! I want to personally thank you for supporting O3 Mining throughout this unprecedented time. At O3 Mining we experienced a year of tremendous growth as our exploration campaigns surpassed all expectations and we invested significant capital into our projects.

Our Year In Review