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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Lynx | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2018: Osisko Mining Inc. announces a Resource Estimation report for its Lynx deposit at the Windfall project. Updated mineral resource estimate at Lynx. (Toronto, November 27, 2018) Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is plea | |
| Resources: | (Resource): 1.746Mt @ 8.13g/t Au (Ind.), 2.005Mt @ 9.70g/t Au (Inf.) at Lynx | |
| CP/QP: | [Resources]: Charley Murahwi (Micon International Ltd.) | |
| ABSTRACT: | (Toronto, November 27, 2018) Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased to provide an update on the Lynx zone mineral resource estimate at its 100% owned Windfall Project, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The updated mineral resource estimate includes 138 infill drill holes (107,366 metres) completed in the Lynx resource area by Osisko between March 6, 2018 and October 27, 2018. In total, the updated mineral resource estimate includes 613 holes (370,714 metres) drilled in the Lynx zone by Osisko since 2017. Conversion drilling (from inferred category to indicated category) continues at the Windfall deposit on all zones (Zone 27, Caribou, Underdog, and Lynx). The complete Windfall mineral resource estimate update is scheduled for release in 2019 upon the completion of the ongoing infill drilling program. John Burzynski, President and Chief Executive Officer commented: "We are very pleased with the updated mineral resource estimate on Lynx. Our work has positively demonstrated that conversion of inferred resources to indicated resources, and infilling in general, is resulting in higher average grades and is adding ounces. Osisko’s Lynx discovery now represents over one million ounces of the global resource, and we are confident that as we complete the infill drilling we will continue to see the average indicated grade move up. The higher grades and additional ounces shown in today’s updated resource will also have a strong positive effect on the robust Windfall PEA released in July 2018.” Additionally he noted: “We now have a very significant global resource between Windfall (2,874,000 tonnes averaging 8.17 g/t Au for 754,000 indicated ounces gold, and 10,352,000 tonnes averaging 7.11 g/t Au for 2,366,000 inferred ounces gold) and Osborne Bell (2,587,000 tonnes averaging 6.13 g/t Au for 510,000 ounces gold inferred). The Windfall intrusive-related gold system remains open along strike and at depth. Lynx and several of the other known zones have excellent down plunge potential to add mineral resources, | |
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