01:20 PM EST, 02/11/2025 (MT Newswires) -- Opus One Gold ( GFKRF ) said Tuesday it mobilized two drill rigs to carry out a 7,000-meter drilling program on its Zone 1 gold discovery located near the center of its Noyell project in Abitibi, Quebec.

The company said the program will explore the eastern and western extensions of Zone 1 as well as the depth extension which are totally open to date, the company said.

Opus One recently raised $1.5 million of flow-through funds. Total drilling, assaying and geological costs are estimated at $200 per meter. The project area demonstrates excellent access and infrastructure, making it a very low-cost exploration opportunity in Quebec, a statement noted.

The company's shares were last seen down $0.01 to $0.05 on the TSX Venture Exchange.

Price: 0.05, Change: -0.01, Percent Change: -10.00