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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Triple Lynx | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-7-2019: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Triple Lynx deposit at the Windfall project. Drilling results incl. 12.1m @ 47.8g/t Au from 858.4m. (Toronto, July 23, 2019) Osisko Mining Inc. (OSK:TSX "Osisko" or the | |
| Resources: | (Resource): 2.874Mt @ 8.17g/t Au (Ind) and 10.352Mt @ 7.11g/t Au (Inf) at Windfall Lake | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto, July 23, 2019) Osisko Mining Inc. (OSK:TSX "Osisko" or the "Corporation") is pleased to announce the discovery of a significant new area of mineralization at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. Exploration drilling immediately below the main Lynx deposit to test the Windfall model has discovered four new high-grade zones in a new mineralized corridor named "Triple Lynx". The new high-grade mineralized corridor lies below the main mafic unit associated with the Lynx deposit between vertical depths of 650 and 980 metres. This area of the Lynx deposit has no previous drilling and is open in all directions. With the new discovery and recent discoveries at Windfall North, Lynx Extension and Triple 8, Osisko will increase the drill definition and exploration program at Windfall by an additional 200,000 metres for a total program of 1,000,000 metres drilling. Osisko President and Chief Executive Officer John Burzynski commented: "With every additional hole we drill in and around Lynx, it appears more and more to be the main component of the Windfall system. Today's announcement of the discovery of another new corridor with wide and high-grade mineralization at Lynx is very good news. Triple Lynx adds the potential to develop a whole new area of mineralization that may be of similar scale to what we've seen at the original Lynx discovery. The Triple Lynx discovery area had not previously been drilled and represented a blank spot on our sections. We have a significant open area to now drill out and see how this new discovery unfolds. We have moved four drills to Triple Lynx to immediately begin defining this exciting new zone." | |
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