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Opus One Gold Corp Initiates a 7,000 Meter Drilling Program On Its Zone 1 Gold Discovery, 100% Owned Noyell Project, South of Matagami, Quebec
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About this update from Opus One Gold Corporation
[{"type":"text","content":"Opus One Gold Corp Initiates a 7,000 Meter Drilling Program On Its Zone 1 Gold Discovery, 100% Owned Noyell Project, South of Matagami, Quebec\n\n\n\n NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n MONTREAL, Feb. 11, 2025 (GLOBE NEWSWIRE) --\n \n Opus One Gold Corp (TSX-V: OOR)\n \n (the “\n \n Company\n \n ” or “\n \n Opus One\n \n ”) is pleased to announce that it has mobilized two drill rigs to carry out a 7,000-meter drilling program on its Zone 1 gold discovery located near the center of its 100% owned Noyell project near the town of Matagami, Abitibi, Québec. This program will explore the eastern and western extensions of Zone 1 as well as the depth extension which are totally open to date.\n \n\n Recently, Opus One successfully raised $1,5 M of flow through funds. Total drilling, assaying and geological costs are estimated at approximately $200/m. The project area demonstrates excellent access and infrastructure, making it a very low-cost exploration opportunity in Quebec.\n \n\n The program has following objectives:\n \n\n\n Carry out infill drilling in areas of poor past drilling, including near surface from 0 to 200 m.\n \n\n Test for potential eastern and western extensions. Lateral drilling to the discovery below 250m is almost nonexistent\n \n\n However, the main goal of the drilling program is to confirm the down plunge extension of the gold bearing Zone 1, below the 400 m level. It is important to note that this drilling is still relatively shallow compared to most gold exploration projects in Abitibi.\n \n\n\n\n It is believed that the program should last approximately 8 weeks. Assay results should hopefully start to be available by the beginning of March.\n \n\n Louis Morin, CEO of Opus One commented:\n \n Last May 2024, we were able to finalize the acquisition of 100% of our Noyell gold flagship project that is at definition drilling stage. Thanks to our supporters and believers, despite a very challenging market environment for junior exploration companies, we were able to improve the company market capitalization that enabled Opus One Gold to raise the required capital to finance this ongoing drill program. It is with the highest interest we are now starting a new phase for the company by testing possible extensions of the gold b...