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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.
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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.
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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.
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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.
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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.
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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.
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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.
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