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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Fox | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2016: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Fox deposit at the Windfall Lake project. Drilling results incl. 3m @ 27.6g/t Au from 406.0m at Caribou. (Montréal, November 23, 2016). Osisko Mining Inc. (OSK:TSX, "Os | |
| 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 23, 2016). Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased to announce new results from the Fox discovery, located 3.7 kilometres NW of the Windfall Lake Gold Deposit. The exploration drill program at Fox is part of the ongoing 150,000 metre drill program at Osisko’s 100% owned Windfall Lake gold project. Significant new results from the exploration drilling at Fox include: 27.6 g/t Au over 3.1 metres in DDH OSK-U-16-734; 8.04 g/t Au over 3.0 metres in DDH OSK-U-16-732; 6.78 g/t Au over 2.0 metres in DDH OSK-U-16-731; and 5.14 g/t Au over 2.1 metres in DDH OSK-U-16-736. The Fox discovery was made with DDH OSX-W-16-717 (which returned 3.22 g/t Au over 11.6 metres, see Osisko press release dated August 29, 2016). The discovery underscores the strong potential that exists for new gold mineralization on the Urban-Barry property, particularly in areas proximal to the expanding Windfall gold deposit. Additional drilling is planned to follow up on these new results and to test lateral extensions of the mineralization. Significant results from four new exploration holes are presented in the table below. The Fox Zone mineralization occurs within a zone of strong texturally-destructive sericite and silica alteration in bleached andesitic volcanics containing pyrite stringers. In the area of the discovery, the gold mineralization is cross-cut by a post-mineral porphyry dyke and mineralization occurs both in the hanging wall and the footwall of the dyke. The mineralized zones at Fox are very similar to those seen peripheral to high grade gold zones at the nearby Windfall gold deposit. | |
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