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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Underdog, Zone 27, Caribou | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-1-2017: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Underdog, Zone 27, Caribou deposit at the Windfall Lake project. Drilling results incl. 2.6m @ 303g/t Au from 1233.7m (uncut). (Montréal, January 5, 2017). Osisko Mining | |
| 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: | (Montréal, January 5, 2017). 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 the Urban Township, Québec. The drill program has recently been increased by 250,000 metres for the 2017 season (for a total of 400,000 metres) and 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 mineralization, and exploration drilling on the greater deposit and Urban-Barry Project area. Nine drills are currently active in and around the Windfall deposit and three on the Urban-Barry and Souart properties, with additional drills planned to be added in the coming month. Data from seven new drill holes are reported in this release, with significant assay results presented in the table below. New results include: 47g/t Au over 2.6 metres (303 g/t Au over 2.6 metres uncut) in DDH OSK-W-16- 743; 8.7 g/t Au over 6.8 metres (11.6 g/t Au over 6.8 metres uncut) in OSK-W-16-735-W1; 11.7 g/t Au over 5.3 metres, 7.9 g/t Au over 9.8 metres and 12.2 g/t Au over 3.5 metres in OSK-W-16-735-W2; and 16.5 g/t Au over 3.7 metres in OSK-W-16-746. The new results continue to demonstrate the continuity of the gold mineralization in the main deposit, and the continued high potential for significant new mineralization at depth below Red Dog. | |
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