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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Discovery 1 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2019: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Discovery 1 deposit at the Windfall project. Drilling results incl. 7.7m @ 9.58g/t Au from 2191.2m. (Toronto, September 11, 2019) Osisko Mining Inc. (OSK:TSX. "Osisko" o | |
| 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, September 11, 2019) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide an update on the Discovery 1 drill hole. Discovery 1’s principal exploration target is the interpreted outer shell and centre of a possible porphyry intrusion feeding the Windfall-Lynx gold system, at depths of approximately 3,000 metres to 3,500 metres from surface. The drill hole was designed to also target potential depth extensions of two known mineralized zones (the Underdog Zone and Triple 8 Zone). Preliminary results from Discovery 1 include intersections from the targeted Underdog and Triple 8 extensions, noted below. Approximately 2,300 metres down-hole length has been completed, with approximately 1,200 metres left to reach the principal exploration targets. The initial attempted hole (OSK-W-19-1944) was started on May 10th and was ended at 812 metres length due to excessive deviation. A second attempt (OSK-W-19-1970) was commenced on May 30th , 2019 and has so far completed approximately 2,300 metres of the planned 3,500 metres. Eleven dip corrections have been done at regular spacings up to 2,050 metres using retractable wedges to control deviation. A new high-grade extension of Underdog Zone was intersected at approximately 1771 metres down-hole depth (14.1 g/t Au over 2.1 metres), 500 metres from the nearest Underdog resource wireframe. This new intercept is a significant new down-plunge extension of the zone, which will be followed up with additional drilling later in the year. | |
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