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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Triple 8 | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2018: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Triple 8 deposit at the Windfall project. Drilling results incl. 13.7m @ 17.4g/t Au from 1510.3m. (Toronto, September 13, 2018) Osisko Mining Inc. (OSK:TSX. "Osisko" or | |
| Resources: | (Resource): 2.382Mt @ 7.85g/t Au (Inf.), 10.605Mt @ 6.70g/t Au (Ind.) | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto, September 13, 2018) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new results from the ongoing deep-hole program 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 at depths of approximately 2000 metres to 2500 metres from surface. New drilling has confirmed and expanded the Triple 8 discovery (see Osisko news release dated July 11 th, 2018). Wedge hole OSK-W-18-1603-W2 intersected a zone of sericite and silica alteration over 85 metres containing sulfides and zones of gold mineralization from approximately 1485 metres to approximately 1570 metres downhole. This alteration zone includes two significant gold bearing intervals located between approximately 1510 to 1554 metres downhole. The new wedge extends the Triple 8 zone by 50 metres to the south from the discovery hole OSK-W18-1603. Triple 8 geometry is still being interpreted, however the zone appears to remain open in all directions. Previously drilled wedge OSKW-18-1603-W1 intersected a fault zone and porphyritic intrusive in the anticipated Triple 8 area. Maps and sections showing the location of the two new wedges and their relation to the Triple 8 discovery are provided on the Corporation’s website. The Triple 8 Zone falls well outside the area of the recently announced Windfall mineral resource estimate (see Osisko news release dated May 14th, 2018). Osisko President and CEO John Burzynski commented: “Today’s follow-up results from the new wedge hole in the Triple 8 discovery are a great confirmation that there is significant high-grade gold at depth in the Windfall intrusive system. What we find very exciting is that the Triple 8 alteration zone now extends over 85 metres wide, on a scale we haven’t seen before at Windfall, indicating that we may be approaching a main source of the mineralizing system. We are confident that as we progress with drilling the deeper sections of the Windfall deposit we will continue to have discovery success.” | |
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