Drilling Started ON Noyell GOLD Project
NEWS RELEASE
JANUARY 27th, 2021 TRADING SYMBOL: TSX-V: OOR
DRILLING STARTED ON NOYELL GOLD PROJECT
MONTREAL, QC, January 27th, 2021 – Opus One Gold Corporation Inc.
(OOR: TSXV) (“Opus One Gold” or the “ Company”), a mining exploration company
focused on exploring high quality gold and base metal assets in accessible areas is
pleased to announce that a drill has been mobilized on its Noyell Gold project located 25
km south of the town of Matagami, Abitibi, Quebec.
The target area consists of a poorly explored portion of the Casa-Berardi-Douay-Cameron
deformation zone which hosts the Casa Berardi gold mine and the Vezza Gold Mine (past
producer). The Noyel l property is located 10 km to the east of the Vezza gold Mine, in
the same geological environment.
Gold was first discovered by Cominco in 1988 on the property. Results were quite
interesting, but as at that time it was a tough market for mining companies, the project
was then optioned to Soquem, the mining branch of Quebec government. Soquem carried
out some more drilling in the mid-90’s and also obtained notable results. The project was
optioned to Normabec, then First Gold Exploration in 2006. A drilling program performed
in 2007 again returned sign ificant gold intervals which did not pass unnoticed by the
geologist in charge of the project at the time (Pierre O’Dowd). In 2019, Mr. O’Dowd
convinced Opus One Gold to acquire the Noyell project. Soon after, in 2020, drilling
delivered the best inter val ever cut on the property. This winter’s drilling program will
follow-up on these excellent results.
After a short delay due to warmer weather than usual in Abitibi, a drill rig was finally
mobilized on the Noyell project where a 5,000 metre drilling program should be completed
before the end of th is winter. Eight holes will investigate the 2020 discovery area (hole
NO-20-02: 7.96 g/t Au over 3.7 m) while 5 holes will test IP anomalies located from 0.5
to 3 km east of drill hole NO-20-02. These geophysical anomalies are found directly along
the eastern extensions of the known gold mineralization and indicate the presence of
substantial sulphide minerals (Pyrrhotite, pyrite, ar senopyrite). In known gold bearing
drilling intervals, the gold is directly associated with these minerals. This portion of the
Noyell property is virtually devoid of past drilling.
We would like to announce Mr. Tony Brisson’s resignation form the board as a director of
Opus One Gold Corporation. Mr . Brisson had to resign from our board, following his
nomination as President and CEO of Soquem, the Quebec government mining branch.
We would like to thank Mr. Brisson for his continued enthusiastic support and his expertise
he generously brought to Opus One Gold Corporation.
Pierre O’Dowd, P. Geo, [Independent Consulting geologist] acts as a Qualified Person as
defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects and
has reviewed and approved the technical information in this press release.
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 the release.
For more information, please contact:
Louis Morin
Chief Executive Officer & Director
Tel.: (514) 591-3988
Michael W. Kinley, CPA, CA
President, Chief Financial Officer & Director
Tel: (902) 826-1579
Visit Opus One’s website: www.OpusOneGold.com