Opus One Obtains 6.02 G/T GOLD over 2.5 M and Brings to Light Its GOLD Discovery Near Matagami
NEWS RELEASE
JUNE 22, 2021 TRADING SYMBOL: TSX-V: OOR
OPUS ONE OBTAINS 6.02 G/T GOLD OVER 2.5 M
AND BRINGS TO LIGHT ITS GOLD DISCOVERY NEAR MATAGAMI
MONTREAL, QC, June 22, 2021 – Opus One Gold Corp. Inc. (OOR: TSXV) (“Opus
One Gold” or the “ Company”), a mining exploration company focused on exploring for
high quality gold and base metal assets in accessible areas is pleased to present new
drilling results and the extent of its gold discovery on its Noyell Gold project, located 25
km south of the town of Matagami, Abitibi, Quebec. The final highlight of the winter drilling
was obtained in our very last hole of the program, NO -21-12, which returned 6.02 g/t Au
over 2.5 m in Zone 1.
The discovery area is located within an under -explored portion of the Casa -Berardi-
Douay-Cameron deformation zone which host the Casa Bera rdi gold mine ( actual gold
producer) 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.
A total of 5,104 metres in 12 holes were drilled on the property this winter. Holes NO-21-
01 to NO -21-08 and NO -21-12 were drilled in the vicinity of the two successful holes
drilled in 2020, at 50 m spacing to the east and below the latter. Holes NO-21-09 to NO-
21-11 were drilled on IP anomalies in the eastern portion of the property. All results from
the winter drilling program have been received and compiled.
The Main mineralized zone (Zone 1) strikes in an east-west direction and dips steeply to
the south (see Figures at the end). So far, it has been recognized for over 600m laterally
and from surface down to 350m. Its true thickness varies from 0.5m to 10m with an
average of approximately 3-4m. The geometry of the mineralized zone is noticeably
simple and continuity is excellent. Zone 1 appears to be spatially related to a narrow unit
of oxide Iron Formation (2 -3m thick). Most mineralized intercepts consist of a silicified
stockwork of quartz and sulphides (pyrrhotite, pyrite and arsenopyrite). Best gold grades
are associated with sulphide rich intervals. This zone could be, at least in part, related to
replacement of the iron oxides by iron sulphides . In most instances, Zone 1 is located
within a competent greywacke unit which is not broken up or sh eared. The tables below
show all results obtained within Zones 1 and 2 in 2021. Unreleased results from Zones
1 and 2 are from holes NO-21-07, 08 and 12
TABLE 1 - ZONE 1
DDH From To g/t Au Length (m) Metal Factor
NO-21-01 237,5 238,1 0,06 0,6 0
NO-21-02 309,3 312 0,46 2,7 1,2
NO-21-03 302,6 303,7 8,07 1,1 8,9
NO-21-04 421 424,5 4,84 3,5 16,9
NO-21-05 421,8 424,5 6,27 2,7 16,4
NO-21-06 404 410,5 4,47 6,5 29,1
NO-21-07 403,5 405,5 2,38 2 4,8
NO-21-08 394,5 395,1 0,72 0,6 0,4
NO-21-12 425,5 428 6,02 2,5 15,2
True width is approximately 80% of core length
TABLE 2 - ZONE 2
DDH FROM TO G/T AU LENGTH (M)
NO-21-01 290,50 291,00 3,18 0,50
NO-21-02 361,30 364,50 1,22 3,20
NO-21-03 348,00 352,00 0,56 4,00
NO-21-04 475,80 477,80 0,57 2,00
NO-21-05 471,00 472,00 1,04 1,00
NO-21-06 461,00 463,00 1,15 2,00
NO-21-07 455,20 455,70 0,80 0,50
NO-21-08 442,00 444,40 0,24 2,40
NO-21-12 476,70 484,10 0,34 7,40
Zone 2 is a gold anomalous tabular body located some 40 m to the north of Zone 1. At
this stage, it is of limited economical interest.
Opus One Gold carried out a complete compilation and re -interpretation of recent and
historical drilling and is presenting a longitudinal section of Zone 1 exhibiting the extent
of the mineralized body at Noyell. All past and recent mineralized intervals pertaining to
Zone 1 are presented in Table 3.
TABLE 3 – MINERALIZED INTERVALS ZONE 1
DDH From To g/t Au Length m Met. Factor
88-39 140,4 144,8 5,01 4,4 22,0
88-38 136,8 138,5 3,13 1,7 5,3
94-02 259,22 261,57 3,84 2,35 9
94-14 232,9 235,55 3,28 2,65 8,7
95-17 282,5 287 2,82 4,5 12,6
2007-10 312 315 5,26 3 16
2007-11 247,7 250 4,74 2,3 10,9
2007-12 282,8 286,5 4,25 3,7 15,7
2007-13 286,3 291,5 2,3 5,2 12
2007-14 255,2 260 2,77 4,8 13,3
NO-20-01 374,6 381,1 2,05 6,5 13,3
NO-20-02 294,9 306,1 3,54 11,2 39,6
NO-21-03 302,6 303,7 8,07 1,1 8,9
NO-21-04 421 424,5 4,84 3,5 16,9
NO-21-05 421,8 424,5 6,27 2,7 16,4
NO-21-06 404 410,5 4,47 6,5 29,1
NO-21-07 403,5 405,5 2,38 2 4,8
NO-21-12 425,5 428 6,02 2,5 15,2
The above table shows that 1 8 mineralized intervals ( Metal Factor above 4.8) have
intersected Zone 1 so far, including 10 historical holes. The longitudinal section of Zone
1 illustrates that, so far, the mineralization has been traced from surface (below 15-20 m
of overburden) down to the 350 m level and laterally (east -west) for approximately 6 00
m. Zone 1 is open at depth and to the west. Hole NO -21-03 indicates that it also could
be open to the east. It shall be noted that less than 10,000m of drilling has bee n
completed on this zone so far, by four different operators, indicating that the discovery is
still at a very early stage of exploration.
Exploration holes NO -21-09, 10 and 11 were drilled to probe IP anomalies found in a
geological context that resembles the environment of Zone 1. However, none of these
holes intersected Zone 1 type of mineralization. Even though sulphide rich intervals were
cut, only weakly anomalous results were returned from these holes.
A preliminary observation about the genesis of this gold deposit is that it appears that the
presence of oxide facies bedded Iron Formation (BIF) is necessary to mobilize the gold.
The presence of a strong quartz -sulphide stockwork without BIF (like the o ne observed
in hole NO -21-07) is not sufficient to attract and retain the gold flowing through the
hydrothermal system. Although not all BIF’s are associated with gold anomalies, they
remain a good exploration tool for future drilling programs.
BIF’s are lenticular sedimentary units. They can disappear laterally and vertically and
reappear not too far away. This is what we observe in the eastern part of Zone 1 where
the BIF is absent in holes NO -21-07 and 08 and reappears in hole NO -21-03. If this is
confirmed, this deposit could comprise many zones.
Mr. Louis Morin, CEO, states: "Opus One Gold Corp is happy with the conclusion of its
Winter 2021 drill program on its Noyell property. We got a better picture of our Gold
bearing ore body that remains totally open towards West and depth (Ref: Figure 3). We
found that our ore body has a remarkably simple geometry. This is especially
encouraging as our drill holes were done at shallow depth and frequently, economical
Gold deposits tend to be located at depth in Abitibi area. We achieved among the least
expensive exploration program cost in Quebec province; this is compliant to our
commitment in using efficiently our investors money on the ground."
All samples collected during the winter of 2021 drill program were prepared and assayed
at ALS Minerals (Vancouver), a certified laboratory. Our QA/QC program consisted i n
the insertion of a control sample every 9 samples. Control samples consisted in a blank
as well as two certified standards (one low grade and one high grade for gold). All
samples above 5 g/t Au were re -assayed with FA. The gold value used in this repo rt is
the average of AA and FA results.
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