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OPUS ONE Identifies Potential for Gold Rich Base Metal VHMS Type Deposits on Fecteau and Discloses Winter Drill Results
MONTREAL, June 26, 2018 (GLOBE NEWSWIRE) -- OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX-V:OOR), is pleased to announce that recent exploration
About this update from Opus One Gold Corporation
[{"type":"text","content":" MONTREAL, June 26, 2018 (GLOBE NEWSWIRE) -- OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX-V:OOR), is pleased to announce that recent exploration and compilation work has convinced the company that the Fecteau property hosts significant potential for gold rich base metal VHMS (Volcanic Hosted Massive Sulphides) type deposits. The Fecteau property is located in the Urban-Barry gold district where Osisko Mining recently disclosed a new resource calculation of 0.6 Moz gold indicated and 2.3 Moz gold inferred. (See Osisko Mining Inc. May 14th 2018 press release) In addition to its gold potential, Fecteau hosts a well-developed and folded unit of felsic volcanics that can be followed for approximately 15 km. The summit of the felsic unit is capped by a zone of sulphides (gossans with stringers to locally massive sulphide mineralization) creating strong sub-vertical EM conductors over ten (10) kilometers along the North flank of the Fecteau syncline and five (5) additional kilometers along the South flank. Although no massive sulphide deposit has yet been discovered on the property, numerous significant base metal results have been obtained at surface or in drill intercepts on the property. Among historical base metal results we note: 1.56% Zn over 5.6 m (Drill hole # FEC-98-01- GM56272); 1.6% Zn over 1.2 m (Drill hole #87-2- GM46447); 2.5% Cu, 1.85 g/t Au (Grab sample -GM58429) and 1.9% Cu, 1.08 g/t Au (Grab sample- GM48455). (Source: SIGEOM public database) The property is known for its precious metal potential as demonstrated by the six (6) gold showings discovered to date. Most of these gold showings are actually hosted by felsic units all over the property, especially close to NNE-SSW and E-W structures. During the last winter, ten (10) drill holes totalling 1,671 m were completed with the main objective being to follow up on the discovery of a new surface gold showing exposed during the summer of 2017 stripping program (See November 28th 2017 press release) with 50 metre systematic step outs. Other geophysical targets were also drill tested. Results show a high gold background over several metres within a sericite altered rhyolitic unit hosting a quartz vein and stockwork with 2-3% finely disseminated pyrite in the vicinity of the surface showing and over a total horizonta...