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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Lynx | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-12-2019: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Lynx deposit at the Windfall project. Drilling results incl. 4.6m @ 1475g/t Au from 882.7m. (Toronto, December 16, 2019) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "C | |
| 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 16, 2019) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The program is currently focused on infill and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system. Twenty-one drills are active at Lynx and Triple Lynx, with another three drills conducting infill and exploration drilling on other areas of the deposit. Infill drilling at Lynx has returned the highest-grade metal factor (grade x length) result intersected at Windfall to date of 1475 g/t Au over 4.6 metres in hole OSK-W-19-1731-W2. This infill hole from the definition program is 50 metres up plunge of OSK-W-19-2069-W2 (161 g/t Au over 8.0 meters, see Osisko news release dated November 25, 2019) and confirms the high-grade continuity in the Lynx 313 wireframe. The zone remains open down plunge and definition drilling will continue to pursue the open areas. Osisko President and Chief Executive Officer John Burzynski commented: “Today’s very impressive results again underscore that Lynx is a well mineralized part of the Windfall system. Lynx, discovered by Osisko in late 2016, is shaping up to be one of the best new gold discoveries in a long time in Eastern Canada. The recently announced Lynx bulk sample results (see Osisko news release dated December 12, 2019) and our infill drill program are demonstrating the strong continuity of grade inside the known mineralized zones, which remain open down plunge. Our exploration team is excited by the continuing potential of what we feel is an emerging world-class high-grade gold deposit.” | |
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