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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Discovery 1 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-12-2019: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Discovery 1 deposit at the Windfall project. Drilling results incl. 116.0m @ 420ppb Au from 2760.0m. (Toronto, December 10, 2019) Osisko Mining Inc. (OSK:TSX. "Osisko" | |
| Resources: | (Resource): 2.87Mt @ 8.17g/t Au (Ind.) and 10.35Mt @ 7.11g/t Au (Inf.) at Lynx | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto, December 10, 2019) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide an update on the Discovery 1 (OSK-W-19-1970) drill hole. Discovery 1 is a planned 3000 metre to 3500 metre deep drill hole, designed to target two down plunge extensions of known gold zones and investigate the projected source area of the Windfall deposit at depth. The working model for the Windfall deposit interprets an outer shell and centre of a possible porphyry intrusion feeding the Windfall-Lynx gold system. Prior results from Discovery 1 included successful intersections in the targeted Underdog Zone (500 metre extension: 14.1 g/t Au over 2.1 metres), and the Triple 8 Zone (100 metre extension: 9.58 g/t Au over 7.6 metres) (see Osisko news release dated September 11, 2019). Discovery 1 completed approximately 2275 metres before requiring a wedge at 2170 metres to drill past blocked rods. To date, the hole has progressed to 3225 metres of the planned 3500 metres. The drill hole has intersected several wide zones of anomalous gold mineralization between 2300 metres - 2900 metres down-hole. Analytical results below 2900 metres are pending. The newly detected anomalous gold zones range up to 116 metres in length, and occur in chlorite, sericite, and biotite altered andesites. Wide zones of anomalous gold have similarly been observed in the proximity of Triple 8, Triple Lynx, and Lynx zones. | |
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