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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Red Dog | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-3-2017: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Red Dog deposit at the Windfall Lake project. Drilling results incl. 5.4m @ 71.4g/t Au from 313.3m. Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is please | |
| 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: | 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, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry Project area. New analytical results from four drill holes focused on the Lynx Zone discovery are reported in this release. The Lynx Zone is a recently discovered corridor of gold mineralization located to the East of the main Windfall deposit mineralized zones. To date it has been intersected at shallow depths (60 metres) and up to 330 metres below surface, over a strike length of over 300 metres and remains open laterally and at depth. The Lynx Zone was discovered as a result of the step-out drilling program which was designed to test an east-northeast magnetic low corridor containing altered porphyry dykes similar to those previously defined in the main deposit area. Mineralization consists of a series of crustiform veins and heavily silicified, pyrite-rich alteration bands hosted in strongly silicified and sericitized rhyolite and porphyry dikes. The veins and silicified bands are intersected at various angles, including low core angles, suggesting they may represent a vein network. Additional drilling will be conducted to the southeast to further evaluate the abundance and true thickness of the veins and silicified bands. True thicknesses of reported intersections are presently unknown. | |
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