Opus One Gold Corp. Reports Promising Drill Results at Noyell Project
In a significant development for the gold exploration sector, Opus One Gold Corporation, a Montreal-based mining exploration company, has announced impressive drill results from its Noyell project. The company, listed on the TSX Venture Exchange, has reported a high-grade gold intercept of 4.10 grams per tonne (G/T) over a length of 7.1 meters from drill hole No-25-13, located at a depth of 550 vertical meters within the Zone 1 gold discovery area.
This latest finding underscores the potential of the Noyell project, situated near Matagami in the Abitibi region of Quebec, Canada. The drill hole, part of the winter drilling program, has revealed an interval of mineralization with a true width of approximately 5.5 meters, marking it as the deepest interval discovered in Zone 1 to date. This suggests that the mineralization could extend further downwards, presenting a promising outlook for future exploration and development.
The significance of this discovery is further highlighted by its proximity to previous successful drill results, specifically drill hole NO-25-05, which was located about 125 meters to the west. The consistent high-grade results in this area of the Noyell project indicate a robust and potentially extensive gold-bearing system.
Despite the positive news, Opus One Gold Corp. faces challenges reflected in its financial metrics. The company’s stock closed at CAD 0.09 on June 10, 2025, with a 52-week high of CAD 0.1 and a low of CAD 0.02. The market capitalization stands at CAD 19,040,000, and the price-to-earnings ratio is currently negative at -12.32, indicating that the company is not yet profitable.
However, the recent drilling results could serve as a catalyst for investor interest and potentially improve the company’s financial standing. The discovery of deeper mineralization opens up new avenues for exploration, which could lead to increased resource estimates and, ultimately, a more favorable valuation.
Opus One Gold Corp. remains focused on advancing its exploration efforts at the Noyell project. The company’s commitment to uncovering and developing its gold and base metal deposits in Quebec and Ontario positions it as a key player in the Canadian mining sector. As the company continues to build on its recent successes, stakeholders will be closely watching for further updates on the Noyell project’s potential.
For more detailed information on Opus One Gold Corporation and its operations, interested parties can visit the company’s website at www.opusoneresources.com .