Opus One Gold Surges on High-Grade Drill Results at Noyell Gold Project
Key Highlights
- Stock jumps over 7% as first winter drill intercept returns 4.12 g/t Au over 7.3m
- Follow-up drilling extended to 9,000m based on encouraging visuals and quartz-sulfide veining
- Discovery supports growing potential near surface at Zone 1, in Quebec's prolific Abitibi region
Opus One Gold Corporation (TSXV: OOR) saw its stock climb 7.14% to $0.075 on Monday after announcing a strong first result from its ongoing winter drilling program at the Noyell Gold Project, located near Matagami in Quebec’s Abitibi Greenstone Belt.
The highlight intercept from hole NO-25-01 returned 4.12 grams per tonne gold over 7.3 metres, including 6.1 g/t over 4.0 metres, starting at a vertical depth of approximately 115 metres. The result marks a promising continuation of the Zone 1 discovery, an area that has seen limited prior drilling.
CEO Louis Morin called the early results “much better than expected,” highlighting the consistency and increasing thickness of mineralized intervals closer to surface when compared with previous campaigns. Based on these results and encouraging visual observations of stockwork quartz-sulfide veining, the company expanded its planned drilling from 7,000 to nearly 9,000 metres—a clear sign of confidence in the project's evolving potential.
A Fresh Pulse in the Abitibi
With 22 holes now completed and additional assay results pending, the momentum at Noyell comes as junior explorers across Quebec are increasingly zeroing in on shallow, high-grade targets. Opus One’s growing dataset—coupled with its location in a region home to some of Canada’s largest gold deposits—positions it well to attract investor and industry attention.
The company’s quality control program (QA/QC) involves processing samples through AGAT Labs in Val-d'Or and includes blanks and certified reference materials. Independent QP Pierre O'Dowd, P.Geo, has verified and approved the disclosed results under NI 43-101 standards.
Stay ahead of the market
The most important stories, delivered to your inbox. No noise, just what matters.
By subscribing, you agree to our Privacy Policy.
Investor Sentiment Reignites
Monday’s trading volume spiked to over 831,000 shares, significantly above the three-month average of 265,000, as retail and institutional interest revived. The stock now trades near the top of its 52-week range ($0.02 – $0.08) with a market cap of $15.2 million.
While the broader junior mining sector remains volatile, Opus One’s early-season success at Noyell suggests potential for near-term resource growth, particularly if further drilling continues to validate the structural consistency and grade continuity in Zone 1.
What is your take on this story?
Disclaimer - Skrill Network is designed solely for educational and informational use. The content on this website should not be considered as investment advice or a directive. Before making any investment choices, it is crucial to carry out your own research, taking into account your individual investment objectives and personal situation. If you're considering investment decisions influenced by the information on this website, you should either seek independent financial counsel from a qualified expert or independently verify and research the information.
