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Osisko Mining Inc.
Summary
| Project: | Windfall | |
|---|---|---|
| Deposit: | Windfall | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2019: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Windfall deposit at the Windfall project. Drilling results incl. 4.3m @ 322g/t Au from 1278.3m. (Toronto, April 16, 2019) Osisko Mining Inc. (OSK:TSX "Osisko" or the "Co | |
| Resources: | (Resource): 2.874Mt @ 8.17g/t Au (Ind.) and 10.352Mt @ 7.11g/t Au (Inf.) at Lynx | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto, April 16, 2019) Osisko Mining Inc. (OSK:TSX "Osisko" or the "Corporation") is pleased to provide new results from the ongoing exploration program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. Exploration drilling has discovered a strongly mineralized extension of the Lynx deposit at approximately 1000 metres vertical depth. DDH OSK-W-19-1857 has extended Lynx 100 metres down plunge in an area outside the prior Windfall mineral resource estimate area (see Osisko news release dated November 27th, 2018). The new exploration hole intersected a wide zone of strong silica and sericite alteration (39 metres width), containing sulfides with local gold mineralization from 1278 metres to 1317 metres downhole. The alteration zone includes three significant gold bearing intervals outlined below. The new gold intervals are between 70 metres to 270 metres distal from the previous deepest gold bearing intersects in Lynx (OSK-W-17-950, OSK-W-17-991 and OSK-W-18-1367-W2), and confirm that high grade gold mineralization remains open at depth. Further step out drilling is in progress to pursue this depth extension which has seen no previous drilling. Osisko President and CEO John Burzynski commented: “Today’s very good results are a further confirmation that there are significant discoveries remaining to be made at Windfall. This high-grade depth extension of Lynx will be included in the mineral resource update planned for this fall. Lynx was an exciting discovery made by Osisko in early 2017, and as we have advanced work, it has increasingly become the most significant part of the Windfall deposit. We are confident that as we further explore Lynx, we will have continued discovery success.” | |
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