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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Red Dog, Urban-Barry | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2017: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Red Dog, Urban-Barry deposit at the Windfall Lake project. Drilling results incl. 7.3m @ 9.76g/t Au from 1422.7m. Osisko Mining Inc. (OSK:TSX, "Osisko" or the "Corporati | |
| 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. Twelve drills are currently active on the Windfall deposit, at the Black Dog discovery, and on the greater project area. Five additional drills will be added by the end of this month. New analytical results from three drill holes focused on expansion and infill drilling in the Caribou and Underdog corridors are reported in this release. Drill holes OSK-W-16-754 and OSK-W-743-W2 expanded the mineralization in the Underdog Corridor. This sector is identified as a high priority for drilling due to its potential to quickly generate new mineral resources. The FW3 Zone, to date identified over an area of 640 metres laterally and 730 metres vertically, remains open up and down plunge. 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 resource-stage gold projects in Canada. | |
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