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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Triple 8 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-7-2018: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Triple 8 deposit at the Windfall Lake project. Drilling results incl. 28.3m @ 20.4g/t Au from 1491.3m. (Toronto, July 11, 2018) Osisko Mining Inc. (OSK:TSX. "Osisko" or | |
| Resources: | (Resource): 2.382Mt @ 7.85g/t Au (Ind.) & 10.605Mt @ 6.70g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto, July 11, 2018) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to announce the discovery of a new wide zone of high-grade gold mineralization at depth, at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. In May 2018 Osisko commenced two deep exploration drill holes (“Deep Underdog” and “Deep Lynx”) to investigate the potential for depth extensions of the Lynx and Underdog mineralized zones, as well as to further test the intrusion-related geological model for the Windfall deposit. Both holes are still in progress and are advancing towards their primary targets in the outer shell of the porphyry intrusion, at depths of approximately 2500 metres from surface. The new “Triple 8 Zone”, open in all directions, was discovered in the Deep Underdog hole, DDH OSKW-18-1603. Triple 8 is an unanticipated zone of mineralization intersected at approximately 1500 metres downhole, in the planned 2500 metre deep hole. Triple 8 does not correlate with any known zone and is approximately 660 metres east from the closest known mineralized intercept in the Underdog Zone. Maps and sections showing the location of the drill hole and the new mineralized zone are provided on the Corporation’s website. The new discovery zone falls well outside the area of the recently announced mineral resource estimate for the Windfall gold deposit. Osisko President and CEO John Burzynski commented: “This spectacular new discovery is further proof of concept that the Windfall mineralized system has the potential for world-class grade and scale. This deep hole confirms management’s view that there is significant high-grade gold mineralization at depth, and it underscores what our geological model has been indicating from the beginning: there is a lot of room for Windfall to grow. | |
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