Opus One Winter Drilling Intersects GOLD Zones ON Its Noyell Property: 7.96 G/T Au over 3.7m
4710 Saint-Ambroise Street, Suite 308
Montreal, Quebec, H4C 2C7
Tel: (514) 591-3988
NEWS RELEASE
June 8, 2020 Trading Symbol: TSX-V: OOR
OPUS ONE WINTER DRILLING INTERSECTS GOLD ZONES ON
ITS NOYELL PROPERTY: 7.96 g/t Au over 3.7m
MONTREAL, QC - OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX
Venture Exchange: OOR), is pleased to announce that it recently received assay results
for gold from its winter diamond drill program 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 proposal
consisted in a maximum of 10 holes totalling 2,500m. Unfortunately, because of Covid
19, only two holes could be completed before all operations were shut down by
government decree.
Hole N-20-01 was drilled steeply to the north (N355, -72º) to intersect the interpreted east-
west striking and south dipping mineralized zones at the best possible angle. The hole
was stopped at 447 m (core length) after intersecting the two interpreted gold bearing
zones.
The first gold zone (Zone 1) was intersected between 374.6 and 381.1 m.
• A first interval (one sample): 374.6 @ 375.8 m returned 6.76 g/t Au over 1.2m
• A second interval (two samples) : 379.5 @ 381.1 returned 3.0 g/t Au over 1.6 m
• The average grade for the interval 374.6 to 381.1 is: 2.05 g/t Au over 6.5 m
The second gold zone (Zone 2) was intersected between 425.6 and 429.5 m.
• A single interval of 3 consecutive samples returned 1.60 g/t Au over 3.9 m
Hole N-20-02 was also drilled steeply to the north (N355, -75º). It reached a final depth
of 372m along the hole. The hole cut one major intersection and two minor ones. The
major intersection is observed from 294.9 to 306.1 m and it is interpreted as being Zone
1.
• This interval is made up of 11 samples returning 3.54 g/t Au over 11.2 m
• This interval includes a richer portion of 7.96 g/t Au over 3.7 m
Two other anomalous intervals were also returned from that hole:
• 238 to 239.7 m: 1.01 g/t Au over 1.7m and
• 358.8 to 360 m: 1.32 g/t Au over 1.2 m. Possibly Zone 2
Hole N-20-01: The mineralized zones consist of quartz -carbonate stockworks within a
wacke carrying 5-10% Pyrrhotite, 1% Arsenopyrite and 1% Pyrite. Core angle is 55º
indicating that true widths wo uld be in the order of 70 -80% of core lengths . These
mineralized intervals are among the deepest (between 300 and 400 m vertical) ever
returned from these structures in the area. These results clearly confirm the value of those
gold zones as exploration targets. It is understood that the mineralization is wide open at
depth and that it remains totally unexplored below 400 m.
Hole N20-02: The mineralization observed in this hole is identical to the one described for
hole N-20-01 and core angles are about the same . The main mineralized interval is the
furthest to the east known to date on this gold bearing structure at that depth (300 m). To
the east of this significant interval the ground is totally virgin for kilometers and under
Opus One’s control. The eastern extension of this mineralized structure is however well
defined from a geophysical point of view. An IP survey carried out in 2011 extends the
structure for an additional 1.6 km to the east. Furthermore, an IP survey carried out by
Opus One this winter on newly staked ground extends the structure for another 1.8 km for
a total of 3.4 km of quality survey.
With only two drill holes (drilled by OOR so far) and geophysics, the company can already
envision the gold potential of this totally neglected portion of the Casa-Berardi structure.
Results from hole N20 -02 are the best ones obtained so far in this portion of the break
and it is wide open to the east and below 300 m.
Opus controls a large land package along the Casa-Berardi and Douay-Cameron Breaks,
two regional geological structures known to host mesothermal gold deposits. In the
region, the gold mineralization is observed in various geological environments including:
along volcanic-sedimentary contacts (ex: the Vezza mine) and within quartz injected shear
zones in silicified sediments of the Taïbi Group (Noyell).
Past drilling on Noyell has outli ned various gold showings in distinct geological
environments. The most promising environment appears to be related to mineralized
stockworks in the center of the property. Promising historical values have be obtained in
drilling such as:
• 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
All samples collected during the winter of 2020 drill program were prepared and assayed
at ALS Minerals (Vancouver), a certified laboratory. Our QA/QC program consisted in 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 metallic sieve. The gold value used in this report is
Au-total given by this analysis.
Mr. Louis Morin, CEO, states: "The 2020 Noyell drill program started at a good pace, but
sadly we were forced to stop while moving towar d hole number 3 due to COVID 19
government regulation in Quebec. Fortunately, we had time to complete the planned
geophysics program and the first two drill holes. The drilled zones remain open at depth
and results obtained provided us with precious information. We are enthusiast to prepare
for the next exploration program phase; we know there is gold in the system, and we have
a large land package in the Vezza-Casa Berardi area to explore."
About OPUS ONE Resources Inc.
Opus One Resources Inc. is a mining exploration company focused on discovering high
quality gold and base metals deposits within strategically located properties in proven
mining camps, sometimes close to existing mines in the Abitibi Greenstone Belt, north -
western Quebec and north-eastern Ontario - one of the most prolific gold mining areas in
the world. Opus One holds assets in Val -d'Or, Matagami and Chibougamau areas.
Bachelor Extension property is adjacent to Bonterra Resources Inc.- Bachelor Gold Mine,
Vezza Extension and Vezza North are located few kilometers West and North of Nottaway
Resources Vezza Mine. Courvillle property is located east of Val D’Or.
Opus One has also optioned Fecteau property, easily accessible by a broad network of
all-season roads: Fecteau property, located in the Urban -Barry greenstone belt, east of
Osisko Mining’s Windfall Lake deposit, currently one of the most active exploration areas
in Canada.
Pierre O’Dowd, P. Geo, acts as a Qualified Person as defined in National Instrument 43-
101 and has reviewed and approved the technical information in this press release.
Forward-Looking Statements
This news release contains statements that may constitute "forward -looking
information" within the meaning of applicable Canadian securities legislation.
Forward-looking information may include, among others, statements regarding the
future plans, costs, objectives or performance of OPUS ONE, or the assumptions
underlying any of the foregoing. In this n ews release, words such as "may",
"would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan",
"estimate" and similar words and the negative form thereof are used to identify
forward-looking statements. Forward -looking statement s should not be read as
guarantees of future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future performance will be
achieved. No assurance can be given that any events anticipated b y the forward-
looking information will transpire or occur, including the development of the
Fecteau Property, or if any of them do so, what benefits OPUS ONE will derive.
Forward-looking information are based on information available at the time and/or
management's good-faith belief with respect to future events and are subject to
known or unknown risks , uncertainties, assumptions and other unpredictable
factors, many of which are beyond OPUS ONE Resources Inc.' control. These
risks, uncertainties and assumptions include, but are not limited to, those
described under "Risk Factors” in OPUS ONE’s manageme nt discussion and
analysis for the year ended August 31, 201 9, a copy of which is available on
SEDAR at www.sedar.com, and could cause actual events or results to differ
materially from those projected in any forward -looking statements. OPUS ONE
does not intend, nor does OPUS ONE undertake any obligation, to update or revise
any forward -looking information contained in this news release to reflect
subsequent information, events or circumstances or otherwise, except if re quired
by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For more information, please contact:
Louis Morin, CEO & Director
T (514) 591-3988
Michael W. Kinley, CPA, CA
President, CFO & Director
T (902) 826-1579
F (902) 826-2550
C (902) 402-0388
Visit Opus One’s website: www.OpusOneResources.com