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Osisko Mining Inc.
Summary
| Project: | Windfall Lake | |
|---|---|---|
| Deposit: | Windfall, Lynx | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2017: Osisko Mining Inc. announces an Exploration/Drilling Update report for its Windfall, Lynx deposit at the Windfall Lake project. Drilling results incl. 2.0m @ 611g/t Au from 719.0m. (Toronto. September 20, 2017) Osisko Mining Inc. (OSK:TSX. "Osi | |
| Resources: | (Resource): 2.762Mt @8.42g/t Au (Ind.) & 3.51Mt @ 7.62g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Louis Grenier (Internal) | |
| ABSTRACT: | (Toronto. September 20, 2017) Osisko Mining Inc. (OSK:TSX. "Osisko" or the "Corporation") is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec. The recently expanded 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and in the adjacent Lynx deposit (located immediately NE of Windfall). Significant new analytical results from 42 intercepts in 28 drill holes and wedges focused on infill and expansion drilling in the Underdog, Caribou, Zone 27 and Mallard corridors of the Windfall deposit are presented below. The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled "Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada" with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth. | |
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