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Opus One Resources Mobilizes a Diamond Drill on its Noyell Property for Gold Exploration
MONTREAL, March 17, 2020 (GLOBE NEWSWIRE) -- OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX Venture Exchange: OOR), is pleased to announce that it
About this update from Opus One Gold Corporation
[{"type":"text","content":" MONTREAL, March 17, 2020 (GLOBE NEWSWIRE) -- OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX Venture Exchange: OOR), is pleased to announce that it has mobilized a diamond drill on its Noyell property located 25 km south of the town of Matagami. The property is located within the Casa-Berardi gold district, a few kilometres to the east of the former producer Vezza Mine. The drilling program will consist of a maximum of 10 holes totalling 2,000m. The mineralized area comprises two south dipping zones separated by approximately 25-30m. All holes should cut both zones. Opus controls a large land package along the Casa-Berardi and Douay-Cameron Breaks, two regional geological structures known to host mesothermal gold deposits. On the Noyell property, the gold mineralization is observed in various geological environments: associated with oxide iron formations, along volcanic-sedimentary contacts (ex: the Vezza mine) and within quartz injected shear zones in silicified sediments of the Taïbi Group. Past drilling on Noyell has outlined various gold showings in distinct geological environments. The most promising environment appears to be related to sulphidized Iron formation in the center of the property. Promising historical values obtained in drilling: 7.89 g/t Au over 1.20 m 6.79 g/t Au over 1.50 m 19.97 g/t Au over 0.50 m 5.33 g/t Au over 3.0 m 6.93 g/t Au over 1.0 m 13.36 g/t Au over 0.40 m and many more (NOTE: These drill results constitute historical information that has not been independently reviewed by a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and as such, should not be relied upon by the reader as there has been insufficient exploration on the property to date in order to assess the mineral potential of the property, and it is uncertain that further exploration will result in the determination of any quantifiable mineral resource on the property.) These results indicate that gold is highly anomalous in the region and that further exploration is warranted. An interesting factor is the correlation between gold and the sulphide content (pyrite, pyrrhotite and arsenopyrite). It is therefore appropriate to use Indiced Polarization (IP) to follow the mineralization laterally at surface. In 2011, a ...