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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Lynx | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-7-2017: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Lynx deposit at the Windfall Lake project. Drilling results incl. 31.0m @ 24.9g/t Au from 1110.0m. (Toronto, July 19, 2017) Osisko Mining Inc. (OSK:TSX, "Osisko" or the | |
| Resources: | (Resource): 2.762Mt @8.42g/t Au (Ind.) & 3.51Mt @ 7.62g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto, July 19, 2017) Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec. The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion ("Red Dog"), expansion drilling above and below Red Dog, and expansion/definition drilling in the Lynx deposit located immediately to the NE of Windfall. Significant new assays from twenty-eight intercepts in thirteen drill holes focused on infill and expansion drilling in the Underdog Zone of the Windfall deposit are reported in the table below. The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Québec, Canada. The current mineral resource comprises 2,762,000 tonnes at 8.42 g/t Au (748,000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled "Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada" with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resourcestage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth | |
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