O3 bolsters presence along Casa Berardi trend
TSX-V-listed O3 Mining has announced its acquisition of the Lac Esther property from Midland Exploration, enhancing its foothold in the Casa Berardi trend.
The property is strategically located near the Kinebik project, which is central to O3’s operations.
“The Lac Esther property fits well within our current property holdings at the Kinebik project and will enable our team to conduct additional exploration drilling at Casa Berardi,” said O3 president and CEO Jose Vizquerra.
“This aligns well with our core exploration strategy and is an extension of our mission to explore and develop the major geologic faults in Québec. Our exploration success on the Cadillac Break continues a baseline of expertise to continue our strategy along the prolific Casa Berardi trend."
O3 acquired 100% of Midland's rights, titles, and interest in and to the Lac Esther property for C$75 000 in cash, and a 2% net smelter return royalty on all concentrate, doré, metal, and products derived from ore mined from the Lac Esther.
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