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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Red Dog | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/31/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-8-2016: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Red Dog deposit at the Windfall Lake project. Drilling results incl. 6.40m @ 15.4g/t Au from 838.10m at Wolf Zone. (Montréal, August 31, 2016). Osisko Mining Inc. (OSK:T | |
| 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: | (Montréal, August 31, 2016). 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 the Urban Township, Québec. The current 100,000 metre drill program combines definition drilling above the Red Dog intrusion (‘Red Dog’), expansion drilling above and below Red Dog and exploration drilling on the greater property area. A total of 9 new drill holes are reported in this release. Further drilling in the recently announced Wolf Zone discovery has led to the expansion of the new zone. DDH OSK-W-16-708-W1 intersected 12.2 g/t Au over 4.0 metres in the hanging wall (765.5m – 769.5m), 12.5 g/t Au over 3.8 metres in the Wolf Zone (816.5m – 820.3m), and significant additional intercepts in the footwall including 4.79 g/t Au over 2.4 metres (834.0m – 836.4m) and 15.4 g/t Au over 6.4 metres, (838.1m – 844.5m). These new intercepts (hanging wall, Wolf Zone and footwall) are located approximately 100 metres vertically below the previously announced Wolf Zone discovery (OSK-W-16-710 which intersected 11.8 g/t Au over 6.7 metres from 562.0m – 568.9m, Osisko press release dated August 25, 2016), and are all open to the ENE. Additional significant results in new holes presented in this release include: 23.2 g/t Au over 3.0 metres in DDH OSK-W-16-718 that expands another new (unnamed) zone by 95 metres up-dip, and 22.6 g/t Au over 3.0 metres in DDH OSK-W-16-715 that expands the Caribou S3 Zone by 95 metres in its down-dip extension. | |
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