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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Caribou zone, Underdog | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2016: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Caribou zone, Underdog deposit at the Windfall Lake project. Drilling results incl. 35.4m @ 17.0g/t Au from 101.8m at Caribou. (Montréal, November 8, 2016). Osisko Minin | |
| Resources: | (Resource): 2.762Mt @ 8.42g/t Au (Ind.) and 3.512Mt @ 7.62g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Jean-Philippe Desrochers (Internal) | |
| ABSTRACT: | (Montréal, November 8, 2016). Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased to announce further new results from the ongoing 150,000 metre drill program at its 100% owned Windfall Lake gold project located in the Urban Township, Québec. The current drill program combines definition drilling above the Red Dog intrusion (“Red Dog”), expansion drilling below Red Dog (“Underdog”), and a newly initiated expansion program down-plunge of the deposit above Red Dog, over 800 metres of strike length to the northeast. Regional exploration drilling to the west of the deposit and on the overall UrbanBarry property is currently ongoing with three active drill rigs. Five drills are currently on the deposit, with an additional four drills planned to the program in the coming weeks. A total of 5 new holes are reported in this release. Significant new results include: 6.1 g/t Au over 35.4 metres (17.0 g/t Au over 35.4 metres uncut) including 12.2 g/t Au over 15.2 metres (37.6 g/t Au over 15.2 metres uncut) and 24.4 g/t Au over 4.2 metres in DDH OSK-W-16-735; 17.2 g/t Au over 2.4 metres in DDH OSK-W-16-728, and 15.7 g/t Au over 2.0 metres in DDH OSK-W-16-311-W1. The new results demonstrate the potential for significant near-surface mineralization, and the continuity and high potential for significant extensions of the gold mineralization below Red Dog. | |
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