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Osisko Mining Inc.
Summary
| Project: | Garrison | |
|---|---|---|
| Deposit: | Garrison | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2019: Osisko Mining Inc. announces a Resource Estimation report for its Garrison deposit at the Garrison project. Updated mineral resource estimate for the Garrison project. (Toronto, February 19, 2019) Osisko Mining Inc. (OSK:TSX, "Osisko" or the "C | |
| Resources: | (Resource, M+I): 1.541Moz Au open pit and 29Koz Au underground | |
| CP/QP: | [Resources]: B. Terrence Hennessey (Micon International Ltd.) | |
| ABSTRACT: | (Toronto, February 19, 2019) Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased to provide a mineral resource estimate for its 100% owned Garrison gold deposit, located along the Destor Porcupine Fault Zone in the Abitibi Greenstone Belt, Garrison Township, Ontario. This mineral estimate is the result of 1,115 drill holes (342,874 metres) in the resource area completed by previous operators on the project since 1985 and includes 197 new drill holes (87,251 metres) completed by Osisko between 2016 to July 2018. Global non-pit constrained resources at a 0.4 g/t Au cut-off to 300 metres below surface are 1.87 million ounces gold at 1.06 g/t Au in the measured & indicated category and 0.61 million ounces gold at 0.92 g/t Au in the inferred category. John Burzynski, President and Chief Executive Officer of Osisko, commented: "We are pleased with our mineral resource estimate at Garrison and the first mineral resource estimate for the 903 Zone. Our work continues to better define the gold-bearing zones and highlight areas for future expansion and exploration. We also have numerous targets that warrant follow-up on our claim package along the significant Destor Porcupine Fault Zone." The mineral resource estimate has been prepared by RockRidge, from Vancouver, British Columbia, and has been reviewed and audited by Micon International Limited, Toronto, Ontario. The full technical report, which is being prepared in accordance with National Instrument 43-101 ("NI 43-101"), will be available on SEDAR (www.sedar.com) under the Corporation's issuer profile within 45 days. The effective date of the current mineral resource estimate is February 19, 2019. | |
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