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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Red Dog | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2017: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Red Dog deposit at the Windfall Lake project. Drilling results incl. 2.8m @ 8.37g/t Au from 314.2m. Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporation") is pleased | |
| Resources: | (Resource): 2.762Mt @ 8.42g/t Au (Ind.) and 3.512Mt @ 7.62g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Pasccal Simard (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 drilling focused on the Fox Zone discovery are reported in this release, with significant assay results presented in the table below. Two drills are currently active on the Fox Zone, with a third drill expected to be added in the coming week. The focus of the drilling is to explore the lateral extensions of the Fox Zone to the NE and SW along a magnetic low feature that is interpreted to host the mineralization. The Fox Zone is located approximately 3.7 kilometres WNW of the main Windfall deposit mineralized zones and is included in the Urban Barry regional exploration program. Fox was discovered by OSX-W- 16-717. The zone was discovered on a stratigraphic drill fence which was designed to investigate an ENE magnetic low corridor containing altered porphyry dikes similar to those previously defined in the main deposit area. Mineralization at Fox appears to be identical to the main Windfall deposit, and occurs within zones of strong texturally destructive sericite and silica alteration in bleached mafic volcanics and porphyry dikes containing pyrite stringers. The gold mineralization at Fox is associated with porphyry dikes and occurs in both the hanging wall and the footwall of the dikes. Additional drilling is ongoing to test lateral and depth extensions of the mineralization. | |
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