Month: March 2021
OSISKO INFILL DRILLING RETURNS HIGH GRADE AT WINDFALL
73.3 g/t Au over 4.4 metres in Underdog
67.3 g/t Au Over 2.3 Metres in Caribou
(Toronto, March 30, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 52 intercepts in 15 drill holes (12 from surface, 3 from underground) and 7 wedges. The intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021).
Selected high-grade intercepts include: 73.3 g/t Au over 4.4 metres in OSK-W-20-2407-W1; 36.7 g/t Au over 5.9 metres in OSK-W-20-2423; 67.3 g/t Au over 2.3 metres in OSK-W-21-2460-W1; 21.3 g/t Au over 5.2 metres in OSK-W-20-2415-W1 and 50.2 g/t Au over 2.1 metres in OSK-W-20-2414. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-2359 | 631.7 | 633.7 | 2.0 | 21.1 | Caribou_2214 | Caribou | |
636.1 | 644.0 | 7.9 | 10.2 | Caribou_2214 | Caribou | ||
including | 642.0 | 643.0 | 1.0 | 30.6 | |||
OSK-W-20-2387 | 639.0 | 641.0 | 2.0 | 6.72 | Caribou_2214 | Caribou | |
647.0 | 649.4 | 2.4 | 4.55 | Caribou_2214 | Caribou | ||
OSK-W-20-2387-W1 | 652.4 | 654.7 | 2.3 | 16.7 | Caribou_2233 | Caribou | |
including | 653.0 | 653.6 | 0.6 | 55.9 | |||
OSK-W-20-2399 | 663.0 | 665.0 | 2.0 | 9.93 | Caribou_2212 | Caribou | |
including | 663.7 | 664.6 | 0.9 | 20.6 | |||
OSK-W-20-2399-W2 | 690.0 | 692.0 | 2.0 | 44.9 | 15.4 | Caribou_2212 | Caribou |
including | 691.7 | 692.0 | 0.3 | 297 | 100 | ||
OSK-W-20-2405-W2 | 631.4 | 633.4 | 2.0 | 7.61 | Caribou_2214 | Caribou | |
including | 631.9 | 632.4 | 0.5 | 24.9 | |||
OSK-W-20-2407-W1 | 649.0 | 651.1 | 2.1 | 28.2 | Underdog_4101 | Underdog | |
including | 649.0 | 649.8 | 0.8 | 44.1 | |||
702.6 | 707.0 | 4.4 | 73.3 | Underdog_4102 | Underdog | ||
748.0 | 750.0 | 2.0 | 18.0 | Underdog_4106 | Underdog | ||
including | 748.3 | 749.3 | 1.0 | 35.1 | |||
812.0 | 814.3 | 2.3 | 13.6 | Underdog_4906 | Underdog | ||
including | 812.0 | 812.8 | 0.8 | 38.0 | |||
OSK-W-20-2414 | 827.6 | 829.7 | 2.1 | 50.2 | 33.3 | Caribou_2252 | Caribou |
including | 829.2 | 829.7 | 0.5 | 171 | 100 | ||
858.0 | 860.1 | 2.1 | 30.6 | 24.8 | Caribou_2219 | Caribou | |
including | 858.7 | 859.2 | 0.5 | 125 | 100 | ||
OSK-W-20-2415-W1 | 703.0 | 708.0 | 5.0 | 4.45 | Caribou_2220 | Caribou | |
714.0 | 716.0 | 2.0 | 9.34 | Caribou_2218 | Caribou | ||
722.2 | 727.4 | 5.2 | 21.3 | Caribou_2218 | Caribou | ||
including | 722.2 | 722.6 | 0.4 | 79.8 | |||
729.7 | 731.8 | 2.1 | 5.17 | Caribou_2218 | Caribou | ||
including | 729.7 | 730.0 | 0.3 | 29.7 | |||
OSK-W-20-2423 | 276.0 | 279.0 | 3.0 | 18.3 | Caribou_2106 | Caribou | |
including | 277.0 | 277.5 | 0.5 | 48.3 | |||
595.0 | 597.0 | 2.0 | 3.58 | Caribou_2241 | Caribou | ||
817.7 | 820.0 | 2.3 | 8.64 | Underdog_4121 | Underdog | ||
including | 817.7 | 818.3 | 0.6 | 17.8 | |||
843.0 | 845.0 | 2.0 | 4.92 | Underdog_4116 | Underdog | ||
including | 843.5 | 844.0 | 0.5 | 18.8 | |||
943.0 | 948.9 | 5.9 | 36.7 | 28.4 | Underdog_4102 | Underdog | |
including | 948.2 | 948.9 | 0.7 | 171 | 100 | ||
1019.0 | 1021.0 | 2.0 | 7.97 | Underdog_4511 | Underdog | ||
1048.0 | 1050.0 | 2.0 | 26.5 | Underdog_4501 | Underdog | ||
including | 1049.2 | 1050.0 | 0.8 | 66.2 | |||
1187.8 | 1193.0 | 5.2 | 13.1 | Underdog_4514 | Underdog | ||
1200.3 | 1203.0 | 2.7 | 8.75 | Underdog_4512 | Underdog | ||
OSK-W-20-2425 | 556.6 | 558.7 | 2.1 | 18.2 | Caribou_2215 | Caribou | |
including | 557.1 | 557.4 | 0.3 | 86.2 | |||
561.0 | 563.0 | 2.0 | 5.85 | Caribou_2215 | Caribou | ||
OSK-W-20-2439 | 196.8 | 199.0 | 2.2 | 5.54 | F11_6001 | F-11 | |
OSK-W-21-2442 | 747.0 | 749.0 | 2.0 | 3.61 | Underdog_4107 | Underdog | |
754.0 | 756.0 | 2.0 | 6.78 | Underdog_4107 | Underdog | ||
OSK-W-21-2460 | 652.0 | 654.0 | 2.0 | 16.1 | Caribou_2220 | Caribou | |
including | 653.1 | 654.0 | 0.9 | 35.5 | |||
708.6 | 711.4 | 2.8 | 4.06 | Caribou_2219 | Caribou | ||
OSK-W-21-2460-W1 | 530.1 | 533.0 | 2.9 | 8.66 | Caribou_2236 | Caribou | |
including | 530.1 | 531.0 | 0.9 | 19.6 | |||
559.0 | 563.2 | 4.2 | 3.14 | Caribou_2210 | Caribou | ||
667.0 | 669.3 | 2.3 | 67.3 | 42.8 | Caribou_2220 | Caribou | |
including | 668.5 | 669.0 | 0.5 | 209 | 100 | ||
709.0 | 711.4 | 2.4 | 5.11 | Caribou_2218 | Caribou | ||
including | 710.5 | 711.4 | 0.9 | 13.1 | |||
OSK-W-21-2462 | 586.0 | 592.7 | 6.7 | 3.58 | Caribou_2523 | Caribou | |
710.6 | 712.9 | 2.3 | 3.09 | Caribou_2212 | Caribou | ||
840.5 | 845.0 | 4.5 | 8.34 | Caribou_2549 | Caribou | ||
including | 844.0 | 844.4 | 0.4 | 17.9 | |||
OSK-W-21-2462-W1 | 480.9 | 483.0 | 2.1 | 20.4 | Caribou_2536 | Caribou | |
including | 480.9 | 481.9 | 1.0 | 42.3 | |||
594.8 | 597.0 | 2.2 | 4.77 | Caribou_2523 | Caribou | ||
including | 595.6 | 596.2 | 0.6 | 13.7 | |||
OSK-W-21-2463 | 582.1 | 586.0 | 3.9 | 6.72 | Caribou_2241 | Caribou | |
OSK-W-21-2476 | 506.4 | 508.6 | 2.2 | 6.94 | Caribou_2536 | Caribou | |
including | 508.2 | 508.6 | 0.4 | 28.4 | |||
671.6 | 674.0 | 2.4 | 11.0 | Caribou_2212 | Caribou | ||
including | 671.6 | 672.4 | 0.8 | 24.8 | |||
WST-20-0595 | 82.7 | 84.8 | 2.1 | 10.3 | Bobcat_2350 | Bobcat | |
including | 83.1 | 83.7 | 0.6 | 28.2 | |||
WST-20-0604 | 332.2 | 334.5 | 2.3 | 3.91 | Caribou_2253 | Caribou | |
including | 332.5 | 333.3 | 0.8 | 11.0 | |||
336.3 | 338.5 | 2.2 | 6.00 | Caribou_2253 | Caribou | ||
including | 336.3 | 336.6 | 0.3 | 36.8 | |||
WST-21-0598 | 53.0 | 55.3 | 2.3 | 3.18 | Bobcat | Bobcat | |
104.6 | 106.6 | 2.0 | 4.34 | Bobcat_2335 | Bobcat | ||
120.0 | 122.0 | 2.0 | 3.57 | Bobcat | Bobcat | ||
including | 120.7 | 121.0 | 0.3 | 20.6 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-2359 | 335 | -61 | 726 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2387 | 336 | -59 | 717 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2387-W1 | 336 | -59 | 738 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2399 | 333 | -54 | 864 | 452874 | 5434552 | 398 | 2875 |
OSK-W-20-2399-W2 | 333 | -54 | 876 | 452874 | 5434552 | 398 | 2875 |
OSK-W-20-2405-W2 | 332 | -58 | 710 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2407-W1 | 347 | -55 | 1044 | 452315 | 5434419 | 399 | 2325 |
OSK-W-20-2414 | 337 | -54 | 882 | 452880 | 5434419 | 402 | 2825 |
OSK-W-20-2415-W1 | 328 | -54 | 762 | 452738 | 5434474 | 401 | 2725 |
OSK-W-20-2423 | 332 | -60 | 1326 | 452616 | 5434449 | 403 | 2600 |
OSK-W-20-2425 | 336 | -60 | 747 | 452715 | 5434606 | 397 | 2775 |
OSK-W-20-2439 | 147 | -50 | 360 | 452515 | 5436029 | 406 | 3275 |
OSK-W-21-2442 | 347 | -53 | 1053 | 452315 | 5434419 | 399 | 2325 |
OSK-W-21-2460 | 332 | -55 | 789 | 452732 | 5434537 | 399 | 2750 |
OSK-W-21-2460-W1 | 332 | -55 | 795 | 452732 | 5434537 | 399 | 2750 |
OSK-W-21-2462 | 338 | -57 | 888 | 452874 | 5434552 | 398 | 2875 |
OSK-W-21-2462-W1 | 338 | -57 | 855 | 452874 | 5434552 | 398 | 2875 |
OSK-W-21-2463 | 339 | -65 | 1335 | 452616 | 5434449 | 403 | 2600 |
OSK-W-21-2476 | 337 | -58 | 807 | 452840 | 5434569 | 398 | 2850 |
WST-20-0595 | 111 | -23 | 150 | 452818 | 5434944 | 274 | 3025 |
WST-20-0604 | 153 | -58 | 373 | 452281 | 5434975 | 262 | 2575 |
WST-21-0598 | 135 | 5 | 144 | 452817 | 5434944 | 275 | 3025 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
F-Zone
Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining and occurs as quartz ± ankerite veinlets or as replacement type in shear zones and is characterised by trace to 10% pyrite with local visible gold. Alteration is dominated by sericite-fuchsite-tourmaline-pyrite.
Bobcat
Mineralization most commonly occurs in gold-bearing quartz-pyrite veins controlled by northeast trending faults and shears and to a lesser extent in minor crustiform quartz-tourmaline-ankerite-pyrite veins and pyrite replacement zones and stockwork. Mineralization is hosted in sheared mafic volcanics, rhyolites near faults, or at the contact with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and supported by the technical report entitled “Mineral Resource Estimate Update for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” dated March 8, 2021 (with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO WINDFALL EXPLORATION RAMP REACHES 500 METRES VERTICAL DEPTH
Impressive Visible Gold Mineralization Encountered in Lynx Level 230
(Toronto, March 25, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide an update on the progress of the underground exploration ramp at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
The exploration ramp at Windfall has achieved 500 metres vertical depth from surface. A total of 7,300 metres of advance including 16 Lynx Zone sub-level accesses spaced 20 metres vertically have been excavated by Osisko to date. An additional 1,200 metres of ramp was developed by previous operators.
The exploration ramp is 5.2 metres wide x 5.5 metres high with a 15% decline angle and has allowed the Corporation to collect two bulk samples of approximately 5,000 tonnes each (please see Osisko news releases dated June 11, 2019 and December 11, 2019). To date, 42 underground drill stations have been created and used to aid in resource delineation. Infrastructure installed along the advance includes 13.8 kV electric cables, fiber optic cables, four refuge stations, nine electrical substations, and three dewatering substations. Ramp development is being conducted by Miyuukaa Corporation (“Miyuukaa”)/CMAC-Thyssen Mining Group. Miyuukaa CEO and President, John Kitchen commented: “The Windfall project is an excellent opportunity for community members from the Cree First Nation of Waswanipi and the other Cree communities of Eeyou Istchee to participate in learning valuable skills in the mining sector. In addition to underground exploration ramp advancement and drilling, our joint ventures in civil works and camp operations are key to providing over 100 First Nation workers at the Windfall site.”
In addition, a 240 metre ventilation raise from surface is scheduled to be completed by Technica Mining in early April 2021. This six metre diameter raise includes a manway and provides additional ventilation to the Lynx Zone.
Work is advancing towards the Triple Lynx Zone for the collection of the third and final planned bulk sample at Windfall, with the expectation of reaching this mineralized zone at 600 metres vertical depth by December 2021. Osisko also recently received permission from the Quebec Ministry of Energy and Natural Resources to conduct a test stope in Lynx, which will further help in grade determinations and provide valuable information for the feasibility study. Impressive visible gold mineralization was recently encountered from the location of the Lynx test stope (wireframe 3304 on the 230 level) (please see photos at https://www.facebook.com/MiningOsisko/).
Advanced exploration and infill drilling is being conducted from the exploration ramp, with nine underground diamond drills currently using multiple drilling bays to complete the Windfall drill program.
Osisko Chief Executive Officer John Burzynski commented: “The underground exploration ramp at Windfall has advanced in step with the drill program over the past three years, to the point where we now have excellent access to the Lynx gold zones. This has helped tremendously in confirming our confidence in our geological modelling and resource wireframe work. Spectacular visual gold mineralization is being seen in the underground mineralized zones that reflects and confirms the high-grade intercepts reported in our ongoing infill drill program. Most importantly we have done this safely, having gone 1,113 days without a lost time incident underground.”
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and supported by the technical report entitled “Mineral Resource Estimate Update for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” dated March 8, 2021 (with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO INFILL DRILLING RETURNS HIGH GRADE AT LYNX
696 g/t Au Over 2.5 Metres in Triple Lynx
507 g/t Au Over 2.1 Metres in Lynx Main
(Toronto, March 23, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 99 intercepts in 50 drill holes (8 from surface, 22 from underground) and 20 wedges. The intercepts are located inside defined February 2021 mineral resource estimate (“MRE”) blocks (see Osisko news release dated February 17, 2021).
Drilling is currently focused on the Lynx deposit. Osisko Chief Executive Officer John Burzynski commented: “Today’s infill results in Lynx and Triple Lynx continue to deliver outstanding numbers as demonstrated with our two headline holes, each of which has a subinterval over 1 kilogram of gold per tonne. The infill program continues to confirm the superb high-grade areas found within the Lynx zones.”
Selected high-grade intercepts include: 696 g/t Au over 2.5 metres in WST-20-0613; 507 g/t Au over 2.1 metres in WST-20-0632; 133 g/t Au over 3.7 metres in WST-21-0622; 70.0 g/t Au over 6.0 metres in OSK-W-20-2375-W2; 148 g/t Au over 2.0 metres in OSK-W-20-2283-W5; 71.2 g/t Au over 4.1 metres in OSK-W-21-2369-W2; 120 g/t Au over 2.3 metres in WST-21-0648B, and 56.4 g/t Au over 4.0 metres in WST-21-0656. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole Number | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-2252-W11 | 926.4 | 929.2 | 2.8 | 5.83 | TLX_3163 | Triple Lynx | |
OSK-W-20-2256-W8 | 932.0 | 944.4 | 12.4 | 8.56 | TLX_3183 | Triple Lynx | |
including | 935.8 | 937.0 | 1.2 | 22.2 | |||
947.7 | 954.0 | 6.3 | 5.56 | TLX_3163 | Triple Lynx | ||
including | 948.4 | 949.4 | 1.0 | 12.0 | |||
and | 953.4 | 954.0 | 0.6 | 13.1 | |||
OSK-W-20-2271-W4 | 757.7 | 759.7 | 2.0 | 5.90 | LXM_3304 | Lynx | |
including | 759.2 | 759.7 | 0.5 | 23.5 | |||
OSK-W-20-2280-W6 | 994.1 | 997.5 | 3.4 | 15.7 | TLX_3183 | Triple Lynx | |
including | 994.1 | 994.9 | 0.8 | 41.5 | |||
1021.9 | 1024.4 | 2.5 | 5.30 | TLX_3164 | Triple Lynx | ||
including | 1022.7 | 1023.3 | 0.6 | 12.3 | |||
1085.6 | 1087.8 | 2.2 | 42.3 | 35.0 | TLX_3170 | Triple Lynx | |
including | 1085.6 | 1086.2 | 0.3 | 154 | 100 | ||
OSK-W-20-2280-W7 | 999.0 | 1001.0 | 2.0 | 78.4 | 39.1 | TLX_3163 | Triple Lynx |
including | 999.0 | 999.6 | 0.6 | 231 | 100 | ||
OSK-W-20-2280-W9 | 1045.0 | 1047.0 | 2.0 | 9.03 | TLX_3163 | Triple Lynx | |
1100.0 | 1102.0 | 2.0 | 16.3 | TLX_3170 | Triple Lynx | ||
including | 1100.7 | 1101.0 | 0.3 | 66.7 | |||
OSK-W-20-2280-W10 | 982.0 | 986.3 | 4.3 | 9.60 | TLX_3180 | Triple Lynx | |
including | 983.3 | 983.6 | 0.3 | 67.4 | |||
and | 986.0 | 986.3 | 0.3 | 39.4 | |||
1010.0 | 1012.0 | 2.0 | 8.40 | Triple Lynx | Triple Lynx | ||
including | 1011.3 | 1012.0 | 0.7 | 22.4 | |||
1014.0 | 1016.0 | 2.0 | 5.34 | Triple Lynx | Triple Lynx | ||
1023.4 | 1026.8 | 3.4 | 7.49 | TLX_3183 | Triple Lynx | ||
including | 1023.4 | 1024.0 | 0.6 | 19.6 | |||
1046.4 | 1048.4 | 2.0 | 3.59 | TLX_3163 | Triple Lynx | ||
including | 1047.6 | 1048.4 | 0.8 | 8.18 | |||
1069.4 | 1071.4 | 2.0 | 5.56 | TLX_3164 | Triple Lynx | ||
1101.0 | 1105.0 | 4.0 | 10.3 | TLX_3170 | Triple Lynx | ||
including | 1104.0 | 1105.0 | 1.0 | 33.3 | |||
OSK-W-20-2283-W3 | 811.0 | 813.3 | 2.3 | 9.66 | TLX_3184 | Triple Lynx | |
including | 811.7 | 812.0 | 0.3 | 67.4 | |||
OSK-W-20-2283-W5 | 990.0 | 992.0 | 2.0 | 148 | 35.8 | TLX_3194 | Triple Lynx |
including | 990.0 | 990.7 | 0.7 | 421 | 100 | ||
OSK-W-20-2283-W6 | 969.0 | 971.0 | 2.0 | 6.38 | TLX_3193 | Triple Lynx | |
including | 970.2 | 970.6 | 0.4 | 31.1 | |||
OSK-W-20-2283-W8 | 810.4 | 816.0 | 5.6 | 7.64 | TLX_3171 | Triple Lynx | |
including | 810.4 | 811.0 | 0.6 | 25.8 | |||
and | 814.4 | 814.7 | 0.3 | 25.5 | |||
833.0 | 835.0 | 2.0 | 4.18 | TLX_3184 | Triple Lynx | ||
864.8 | 867.0 | 2.2 | 30.4 | TLX_3161 | Triple Lynx | ||
including | 865.4 | 866.0 | 0.6 | 96.8 | |||
889.9 | 892.0 | 2.1 | 3.84 | TLX_3169 | Triple Lynx | ||
including | 890.2 | 890.5 | 0.3 | 23.2 | |||
895.0 | 897.0 | 2.0 | 6.94 | TLX_3175 | Triple Lynx | ||
including | 895.0 | 895.5 | 0.5 | 25.5 | |||
1122.9 | 1125.5 | 2.6 | 3.55 | TLX_3176 | Triple Lynx | ||
including | 1122.9 | 1123.2 | 0.3 | 15.8 | |||
OSK-W-20-2313-W8 | 839.0 | 841.0 | 2.0 | 3.69 | TLX_3184 | Triple Lynx | |
including | 839.5 | 839.8 | 0.3 | 17.3 | |||
OSK-W-20-2313-W9 | 815.0 | 817.1 | 2.1 | 3.27 | TLX_3171 | Triple Lynx | |
844.0 | 846.4 | 2.4 | 32.5 | 19.5 | TLX_3184 | Triple Lynx | |
including | 846.1 | 846.4 | 0.3 | 204 | 100 | ||
948.0 | 950.5 | 2.5 | 3.77 | TLX_3194 | Triple Lynx | ||
1006.5 | 1008.6 | 2.1 | 7.12 | TLX_3195 | Triple Lynx | ||
including | 1007.2 | 1007.6 | 0.4 | 23.4 | |||
OSK-W-20-2322-W3 | 1160.0 | 1162.0 | 2.0 | 16.4 | LX4_3430 | Lynx 4 | |
including | 1160.4 | 1161.1 | 0.7 | 35.5 | |||
OSK-W-20-2346 | 958.4 | 960.5 | 2.1 | 7.26 | Lynx 4 | Lynx | |
including | 958.9 | 959.4 | 0.5 | 29.2 | |||
1013.2 | 1015.5 | 2.3 | 8.49 | LX4_3429 | Lynx 4 | ||
including | 1014.0 | 1014.7 | 0.7 | 27.5 | |||
OSK-W-20-2363 | 794.3 | 796.3 | 2.0 | 8.59 | Triple Lynx | Triple Lynx | |
including | 795.1 | 795.6 | 0.5 | 34.2 | |||
946.5 | 948.9 | 2.4 | 22.3 | TLX_3195 | Triple Lynx | ||
OSK-W-20-2369-W1 | 654.0 | 657.0 | 3.0 | 31.1 | LXM_3304 | Lynx | |
including | 655.0 | 655.9 | 0.9 | 52.1 | |||
993.1 | 995.2 | 2.1 | 8.73 | LX4_3430 | Lynx 4 | ||
1012.5 | 1015.0 | 2.5 | 22.3 | Lynx 4 | Lynx | ||
including | 1012.5 | 1013.0 | 0.5 | 97.9 | |||
OSK-W-20-2375 | 931.8 | 934.1 | 2.3 | 4.03 | LX4_3437 | Lynx 4 | |
including | 931.8 | 932.2 | 0.4 | 18.9 | |||
OSK-W-20-2375-W2 | 909.0 | 911.0 | 2.0 | 3.58 | LX4_3414 | Lynx 4 | |
926.8 | 932.8 | 6.0 | 70.0 | 14.4 | LX4_3437 | Lynx 4 | |
including | 926.8 | 927.4 | 0.6 | 656 | 100 | ||
OSK-W-20-2375-W4 | 904.0 | 906.3 | 2.3 | 3.53 | Lynx 4 | Lynx | |
including | 905.6 | 905.9 | 0.3 | 19.7 | |||
910.0 | 912.0 | 2.0 | 20.0 | Lynx 4 | Lynx | ||
including | 911.5 | 912.0 | 0.5 | 76.5 | |||
OSK-W-20-2381 | 1182.5 | 1185.0 | 2.5 | 12.5 | LX4_3449 | Lynx 4 | |
including | 1184.2 | 1185.0 | 0.8 | 32.0 | |||
OSK-W-20-2384 | 1125.8 | 1127.9 | 2.1 | 15.7 | LX4_3451 | Lynx 4 | |
including | 1127.5 | 1127.9 | 0.4 | 81.1 | |||
OSK-W-20-2385 | 785.0 | 787.0 | 2.0 | 45.5 | 26.0 | LX4_3426 | Lynx 4 |
including | 786.0 | 786.5 | 0.5 | 178 | 100 | ||
OSK-W-20-2385-W1 | 819.3 | 821.4 | 2.1 | 39.2 | 19.6 | LX4_3414 | Lynx 4 |
including | 819.6 | 820.0 | 0.4 | 203 | 100 | ||
OSK-W-20-2385-W2 | 799.0 | 801.5 | 2.5 | 39.4 | 25.1 | LX4_3424 | Lynx 4 |
including | 799.5 | 799.9 | 0.4 | 190 | 100 | ||
OSK-W-20-2416 | 866.7 | 868.9 | 2.2 | 11.1 | Triple Lynx | Triple Lynx | |
911.0 | 913.0 | 2.0 | 3.66 | TLX_3161 | Triple Lynx | ||
923.0 | 925.1 | 2.1 | 9.86 | TLX_3161 | Triple Lynx | ||
including | 923.3 | 923.8 | 0.5 | 38.9 | |||
960.0 | 962.0 | 2.0 | 6.21 | TLX_3163 | Triple Lynx | ||
1001.2 | 1004.0 | 2.8 | 6.38 | TLX_3162 | Triple Lynx | ||
including | 1002.0 | 1003.0 | 1.0 | 15.9 | |||
1076.4 | 1079.0 | 2.6 | 4.90 | Triple Lynx | Triple Lynx | ||
including | 1077.2 | 1077.5 | 0.3 | 19.5 | |||
OSK-W-20-2431 | 587.9 | 590.0 | 2.1 | 76.3 | 51.7 | TLX_3171 | Triple Lynx |
including | 588.2 | 588.6 | 0.4 | 229 | 100 | ||
OSK-W-21-2369-W2 | 675.0 | 679.1 | 4.1 | 71.2 | 40.8 | LXM_3304 | Lynx |
including | 675.7 | 677.0 | 1.3 | 196 | 100 | ||
WST-20-0522 | 297.0 | 300.0 | 3.0 | 4.42 | LXSW_3556 | Lynx | |
305.4 | 307.5 | 2.1 | 24.4 | 19.9 | LXSW_3556 | Lynx | |
including | 306.0 | 306.3 | 0.3 | 132 | 100 | ||
312.7 | 315.0 | 2.3 | 3.70 | LXSW_3556 | Lynx | ||
including | 312.7 | 313.3 | 0.6 | 9.20 | |||
WST-20-0543 | 52.0 | 54.0 | 2.0 | 10.3 | LXM_3303 | Lynx | |
including | 52.0 | 52.3 | 0.3 | 52.4 | |||
58.0 | 60.4 | 2.4 | 6.48 | LXM_3303 | Lynx | ||
including | 58.0 | 58.7 | 0.7 | 20.4 | |||
WST-20-0554 | 295.2 | 297.2 | 2.0 | 7.69 | TLX_3131 | Triple Lynx | |
353.9 | 356.0 | 2.1 | 12.2 | TLX_3166 | Triple Lynx | ||
including | 354.4 | 354.9 | 0.5 | 41.2 | |||
490.8 | 495.1 | 4.3 | 19.4 | LX4_3450 | Lynx 4 | ||
including | 490.8 | 492.0 | 1.2 | 49.0 | |||
WST-20-0574 | 342.0 | 344.0 | 2.0 | 30.2 | LXSW_3556 | Lynx | |
including | 343.0 | 343.7 | 0.7 | 85.4 | |||
365.0 | 367.3 | 2.3 | 3.15 | LXSW_3556 | Lynx | ||
including | 366.5 | 366.9 | 0.4 | 14.7 | |||
WST-20-0591 | 144.0 | 146.2 | 2.2 | 23.7 | LXM_3338 | Lynx | |
including | 145.5 | 146.2 | 0.7 | 43.2 | |||
167.1 | 169.3 | 2.2 | 4.98 | LXM_3304 | Lynx | ||
WST-20-0592 | 137.5 | 139.5 | 2.0 | 4.67 | LXM_3338 | Lynx | |
including | 137.5 | 138.0 | 0.5 | 17.2 | |||
WST-20-0603 | 297.0 | 299.0 | 2.0 | 4.71 | TLX_3166 | Triple Lynx | |
including | 298.1 | 298.5 | 0.4 | 22.8 | |||
476.0 | 478.0 | 2.0 | 7.78 | Lynx SW | Lynx SW | ||
including | 476.8 | 477.6 | 0.8 | 19.1 | |||
WST-20-0608 | 704.0 | 706.1 | 2.1 | 6.11 | LX4_3438 | Lynx 4 | |
including | 704.0 | 704.9 | 0.9 | 13.7 | |||
WST-20-0612 | 247.1 | 252.6 | 5.5 | 6.36 | TLX_3161 | Triple Lynx | |
including | 250.8 | 251.1 | 0.3 | 20.2 | |||
295.5 | 297.6 | 2.1 | 9.18 | TLX_3163 | Triple Lynx | ||
311.0 | 313.2 | 2.2 | 19.1 | TLX_3164 | Triple Lynx | ||
including | 311.6 | 312.2 | 0.6 | 66.5 | |||
WST-20-0613 | 237.8 | 240.3 | 2.5 | 696 | 43.4 | TLX_3161 | Triple Lynx |
including | 238.4 | 239.0 | 0.6 | 2820 | 100 | ||
284.0 | 286.0 | 2.0 | 4.18 | TLX_3163 | Triple Lynx | ||
345.0 | 347.1 | 2.1 | 3.56 | TLX_3182 | Triple Lynx | ||
357.8 | 360.5 | 2.7 | 3.94 | TLX_3182 | Triple Lynx | ||
399.0 | 401.3 | 2.3 | 49.1 | 44.4 | TLX_3188 | Triple Lynx | |
including | 400.0 | 400.5 | 0.5 | 122 | 100 | ||
WST-20-0615 | 278.8 | 280.8 | 2.0 | 26.2 | 15.9 | TLX_3166 | Triple Lynx |
including | 279.5 | 279.8 | 0.3 | 169 | 100 | ||
WST-20-0618 | 221.5 | 223.6 | 2.1 | 73.5 | 49.5 | TLX_3161 | Triple Lynx |
including | 221.9 | 222.9 | 1.0 | 151 | 100 | ||
WST-20-0624 | 118.0 | 120.0 | 2.0 | 9.10 | LXM_3303 | Lynx | |
including | 118.0 | 118.8 | 0.8 | 21.9 | |||
WST-20-0629 | 102.0 | 104.0 | 2.0 | 7.39 | LXM_3334 | Lynx | |
including | 102.5 | 103.1 | 0.6 | 24.5 | |||
WST-20-0630 | 96.0 | 98.0 | 2.0 | 3.85 | LXM_3334 | Lynx | |
including | 96.0 | 96.5 | 0.5 | 14.2 | |||
129.6 | 134.2 | 4.6 | 5.18 | LXM_3304 | Lynx | ||
including | 129.6 | 130.0 | 0.4 | 26.7 | |||
WST-20-0631 | 128.0 | 130.0 | 2.0 | 25.8 | LXM_3304 | Lynx | |
including | 128.0 | 128.7 | 0.7 | 73.5 | |||
144.5 | 146.5 | 2.0 | 4.51 | LXM_3359 | Lynx | ||
including | 144.5 | 145.1 | 0.6 | 14.6 | |||
WST-20-0632 | 123.8 | 125.9 | 2.1 | 507 | 36.0 | LXM_3334 | Lynx |
including | 124.9 | 125.5 | 0.6 | 1750 | 100 | ||
WST-20-0633 | 152.8 | 155.1 | 2.3 | 12.2 | Lynx | Lynx | |
including | 152.8 | 153.3 | 0.5 | 26.1 | |||
WST-21-0614 | 233.1 | 236.8 | 3.7 | 39.5 | 29.6 | TLX_3161 | Triple Lynx |
including | 235.4 | 235.9 | 0.5 | 173 | 100 | ||
277.9 | 280.2 | 2.3 | 13.7 | TLX_3163 | Triple Lynx | ||
including | 278.8 | 279.2 | 0.4 | 65.6 | |||
WST-21-0622 | 232.7 | 236.4 | 3.7 | 133 | 74.3 | TLX_3161 | Triple Lynx |
WST-21-0648B | 313.5 | 315.8 | 2.3 | 120 | 43.7 | TLX_3166 | Triple Lynx |
including | 314.8 | 315.8 | 1.0 | 276 | 100 | ||
WST-21-0656 | 233.0 | 237.0 | 4.0 | 56.4 | 32.2 | TLX_3161 | Triple Lynx |
including | 234.5 | 235.1 | 0.6 | 261 | 100 | ||
274.0 | 276.0 | 2.0 | 5.97 | TLX_3164 | Triple Lynx | ||
279.0 | 281.0 | 2.0 | 14.5 | TLX_3164 | Triple Lynx | ||
including | 279.6 | 280.2 | 0.6 | 46.4 | |||
284.0 | 286.2 | 2.2 | 3.16 | TLX_3164 | Triple Lynx |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, LX4 = Lynx 4, TLX = Triple Lynx and LXSW = Lynx Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-2252-W11 | 129 | -54 | 1191 | 453241 | 5435694 | 415 | 3750 |
OSK-W-20-2256-W8 | 125 | -51 | 1056 | 453160 | 5435686 | 411 | 3675 |
OSK-W-20-2271-W4 | 120 | -53 | 1134 | 453462 | 5435682 | 410 | 3950 |
OSK-W-20-2280-W6 | 127 | -58 | 1152 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2280-W7 | 127 | -58 | 1131 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2280-W9 | 127 | -58 | 1176 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2280-W10 | 127 | -58 | 1182 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2283-W3 | 135 | -50 | 1004 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2283-W5 | 135 | -50 | 1043 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2283-W6 | 135 | -50 | 1013 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2283-W8 | 135 | -50 | 1236 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2313-W8 | 134 | -52 | 1152 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2313-W9 | 134 | -52 | 1218 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2322-W3 | 130 | -54 | 1274 | 453608 | 5435715 | 403 | 4075 |
OSK-W-20-2346 | 130 | -53 | 1161 | 453397 | 5435557 | 413 | 3825 |
OSK-W-20-2363 | 139 | -52 | 1031 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2369-W1 | 130 | -56 | 1193 | 453424 | 5435566 | 410 | 3850 |
OSK-W-20-2375 | 122 | -56 | 1160 | 453810 | 5435779 | 400 | 4300 |
OSK-W-20-2375-W2 | 122 | -56 | 987 | 453810 | 5435779 | 400 | 4300 |
OSK-W-20-2375-W4 | 122 | -56 | 1008 | 453810 | 5435779 | 400 | 4300 |
OSK-W-20-2381 | 134 | -53 | 1230 | 453620 | 5435791 | 402 | 4125 |
OSK-W-20-2384 | 127 | -52 | 1248 | 453397 | 5435557 | 413 | 3825 |
OSK-W-20-2385 | 125 | -54 | 873 | 453687 | 5435679 | 401 | 4150 |
OSK-W-20-2385-W1 | 125 | -54 | 937 | 453687 | 5435679 | 401 | 4150 |
OSK-W-20-2385-W2 | 125 | -54 | 918 | 453687 | 5435679 | 401 | 4150 |
OSK-W-20-2416 | 123 | -54 | 1128 | 453169 | 5435624 | 412 | 3650 |
OSK-W-20-2431 | 136 | -57 | 849 | 453008 | 5435388 | 412 | 3400 |
OSK-W-21-2369-W2 | 130 | -56 | 788 | 453424 | 5435566 | 410 | 3850 |
WST-20-0522 | 177 | -52 | 457 | 453104 | 5435064 | 231 | 3325 |
WST-20-0543 | 150 | -41 | 144 | 453315 | 5435165 | 124 | 3575 |
WST-20-0554 | 148 | -44 | 562 | 453257 | 5435209 | 96 | 3525 |
WST-20-0574 | 139 | -63 | 523 | 452955 | 5435003 | 253 | 3175 |
WST-20-0591 | 136 | -35 | 220 | 453257 | 5435209 | 96 | 3525 |
WST-20-0592 | 137 | -26 | 205 | 453257 | 5435209 | 96 | 3525 |
WST-20-0603 | 161 | -59 | 525 | 453227 | 5435125 | 134 | 3475 |
WST-20-0608 | 152 | -44 | 760 | 453418 | 5435305 | 69 | 3725 |
WST-20-0612 | 128 | -62 | 432 | 453357 | 5435273 | 16 | 3650 |
WST-20-0613 | 123 | -55 | 442 | 453358 | 5435273 | 16 | 3650 |
WST-20-0615 | 177 | -58 | 519 | 453227 | 5435125 | 134 | 3475 |
WST-20-0618 | 181 | -63 | 264 | 453506 | 5435327 | -7 | 3800 |
WST-20-0624 | 165 | -12 | 148 | 453256 | 5435209 | 96 | 3525 |
WST-20-0629 | 146 | -21 | 175 | 453321 | 5435235 | 55 | 3600 |
WST-20-0630 | 142 | -13 | 166 | 453321 | 5435235 | 55 | 3600 |
WST-20-0631 | 136 | -3 | 166 | 453322 | 5435235 | 55 | 3600 |
WST-20-0632 | 160 | -41 | 172 | 453321 | 5435235 | 55 | 3600 |
WST-20-0633 | 161 | -32 | 171 | 453321 | 5435235 | 55 | 3600 |
WST-21-0614 | 131 | -59 | 427 | 453357 | 5435273 | 16 | 3650 |
WST-21-0622 | 193 | -59 | 270 | 453506 | 5435326 | -7 | 3800 |
WST-21-0648B | 166 | -59 | 345 | 453228 | 5435126 | 135 | 3475 |
WST-21-0656 | 139 | -61 | 322 | 453357 | 5435272 | 16 | 3650 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and supported by the technical report entitled “Mineral Resource Estimate Update for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” dated March 8, 2021 (with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO EXPANSION DRILLING ADDS NEW HIGH GRADE AT LYNX
177 g/t Au Over 3.0 Metres
(Toronto, March 17, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Drilling is currently focused on the Lynx deposit. Significant new analytical results presented below include 66 intercepts in 22 drill holes (5 from surface, 17 from underground) and 21 wedges. The intercepts are located outside the February 2021 mineral resource estimate (“MRE”) (see Osisko news release dated February 17, 2021) and either expand resource wireframes or are located in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Today’s expansion results in Lynx and Triple Lynx continue to confirm the growth potential of these zones. The higher-grade intercept in OSK-W-20-2381-W1 extends Lynx 90 metres from the nearest MRE block and WST-20-0602 extends Triple Lynx 100 metres from the nearest MRE block”.
Selected high-grade intercepts include: 177 g/t Au over 3.0 metres and 66.6 g/t Au over 2.0 metres in OSK-W-20-2381-W1; 43.4 g/t Au over 5.3 metres in WST-20-0602; 56.4 g/t Au over 3.2 metres in WST-20-0603; 52.1 g/t Au over 3.4 metres in WST-20-0611; 70.2 g/t Au over 2.2 metres in OSK-W-20-2313-W7; 57.2 g/t Au over 2.1 metres in OSK-W-20-2391; and 25.1 g/t Au over 4.8 metres in OSK-W-20-2252-W8. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Expansion Drilling
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-2170-W7 | 1029.6 | 1031.9 | 2.3 | 11.1 | Triple Lynx | Triple Lynx | |
including | 1029.6 | 1030.0 | 0.4 | 59.7 | |||
OSK-W-20-2252-W10 | 1182.6 | 1184.8 | 2.2 | 3.89 | Triple Lynx | Triple Lynx | |
1190.2 | 1192.4 | 2.2 | 13.8 | Triple Lynx | Triple Lynx | ||
including | 1191.2 | 1192.1 | 0.9 | 31.3 | |||
1204.3 | 1206.3 | 2.0 | 4.22 | Triple Lynx | Triple Lynx | ||
OSK-W-20-2252-W8 | 975.2 | 980.0 | 4.8 | 25.1 | 22.6 | Triple Lynx | Triple Lynx |
including | 976.5 | 977.7 | 1.2 | 85.8 | 75.6 | ||
OSK-W-20-2271-W2 | 1133.5 | 1135.5 | 2.0 | 3.64 | Lynx 4 | Lynx | |
including | 1134.0 | 1134.5 | 0.5 | 14.5 | |||
OSK-W-20-2271-W5 | 1064.6 | 1067.4 | 2.8 | 4.74 | Lynx 4 | Lynx | |
including | 1064.6 | 1065.0 | 0.4 | 13.1 | |||
OSK-W-20-2280-W7 | 977.0 | 981.8 | 4.8 | 7.78 | Triple Lynx | Triple Lynx | |
including | 977.0 | 977.4 | 0.4 | 30.4 | |||
OSK-W-20-2283-W2 | 951.0 | 953.0 | 2.0 | 3.94 | Triple Lynx | Triple Lynx | |
OSK-W-20-2287 | 1245.0 | 1247.0 | 2.0 | 3.51 | Lynx 4 | Lynx | |
OSK-W-20-2292-W1 | 1131.8 | 1134.0 | 2.2 | 3.66 | Triple Lynx | Triple Lynx | |
including | 1131.8 | 1132.1 | 0.3 | 23.5 | |||
OSK-W-20-2313-W7 | 993.0 | 995.2 | 2.2 | 70.2 | 14.4 | Triple Lynx | Triple Lynx |
including | 994.9 | 995.2 | 0.3 | 509 | 100 | ||
OSK-W-20-2313-W9 | 793.0 | 797.5 | 4.5 | 5.65 | Triple Lynx | Triple Lynx | |
including | 796.5 | 797.5 | 1.0 | 13.4 | |||
OSK-W-20-2322-W1 | 1047.4 | 1049.7 | 2.3 | 3.69 | Lynx 4 | Lynx | |
including | 1047.4 | 1048.0 | 0.6 | 13.7 | |||
OSK-W-20-2328 | 898.2 | 900.5 | 2.3 | 3.64 | Lynx 4 | Lynx | |
OSK-W-20-2363 | 578.0 | 582.0 | 4.0 | 6.19 | Triple Lynx | Triple Lynx | |
including | 581.3 | 582.0 | 0.7 | 24.4 | |||
OSK-W-20-2363-W1 | 662.0 | 664.1 | 2.1 | 4.43 | Triple Lynx | Triple Lynx | |
OSK-W-20-2363-W2 | 751.0 | 753.5 | 2.5 | 5.90 | Triple Lynx | Triple Lynx | |
including | 753.0 | 753.5 | 0.5 | 12.0 | |||
867.6 | 870.0 | 2.4 | 5.18 | Triple Lynx | Triple Lynx | ||
including | 867.6 | 868.0 | 0.4 | 27.7 | |||
887.0 | 889.0 | 2.0 | 3.75 | Triple Lynx | Triple Lynx | ||
OSK-W-20-2363-W3 | 999.1 | 1001.6 | 2.5 | 4.52 | Triple Lynx | Triple Lynx | |
OSK-W-20-2371-W1 | 654.0 | 656.3 | 2.3 | 17.9 | Triple Lynx | Triple Lynx | |
including | 655.2 | 655.8 | 0.6 | 60.8 | |||
717.0 | 719.0 | 2.0 | 5.97 | Triple Lynx | Triple Lynx | ||
937.0 | 939.0 | 2.0 | 3.68 | Triple Lynx | Triple Lynx | ||
including | 938.1 | 938.4 | 0.3 | 20.4 | |||
977.5 | 980.9 | 3.4 | 10.8 | Triple Lynx | Triple Lynx | ||
including | 977.5 | 977.8 | 0.3 | 70.1 | |||
OSK-W-20-2371-W2 | 815.0 | 817.0 | 2.0 | 3.60 | Triple Lynx | Triple Lynx | |
1047.0 | 1049.0 | 2.0 | 4.04 | Lynx 4 | Lynx | ||
including | 1047.4 | 1048.1 | 0.7 | 11.4 | |||
OSK-W-20-2375-W3 | 918.0 | 920.0 | 2.0 | 3.86 | Lynx 4 | Lynx | |
OSK-W-20-2381-W1 | 1332.0 | 1335.0 | 3.0 | 177 | 38.2 | Lynx 4 | Lynx |
including | 1332.0 | 1333.0 | 1.0 | 515 | 100 | ||
1364.5 | 1366.5 | 2.0 | 66.6 | 26.6 | Lynx 4 | Lynx | |
including | 1366.1 | 1366.5 | 0.4 | 300 | 100 | ||
OSK-W-20-2391 | 1183.3 | 1185.4 | 2.1 | 57.2 | 26.2 | Triple Lynx | Triple Lynx |
including | 1185.1 | 1185.4 | 0.3 | 317 | 100 | ||
1283.0 | 1285.1 | 2.1 | 9.73 | Triple Lynx | Triple Lynx | ||
including | 1283.7 | 1284.0 | 0.3 | 58.1 | |||
OSK-W-20-2391-W2 | 1380.0 | 1382.0 | 2.0 | 10.7 | Triple Lynx | Triple Lynx | |
including | 1380.9 | 1381.2 | 0.3 | 65.3 | |||
1390.3 | 1394.7 | 4.4 | 21.2 | Triple Lynx | Triple Lynx | ||
including | 1392.8 | 1393.1 | 0.3 | 65.3 | |||
and | 1393.9 | 1394.7 | 0.8 | 58.0 | |||
OSK-W-20-2394-W1 | 889.0 | 891.0 | 2.0 | 5.04 | Triple Lynx | Triple Lynx | |
OSK-W-20-2394-W3 | 1012.6 | 1015.0 | 2.4 | 33.5 | Triple Lynx | Triple Lynx | |
including | 1013.2 | 1014.0 | 0.8 | 99.9 | |||
OSK-W-21-2445 | 445.0 | 447.0 | 2.0 | 10.3 | Triple Lynx | Triple Lynx | |
including | 446.7 | 447.0 | 0.3 | 61.6 | |||
WST-20-0522 | 243.0 | 245.1 | 2.1 | 3.79 | Lynx SW | Lynx SW | |
WST-20-0523A | 297.0 | 299.0 | 2.0 | 3.83 | Lynx SW | Lynx SW | |
WST-20-0524 | 238.7 | 241.0 | 2.3 | 3.60 | Lynx SW | Lynx SW | |
including | 239.6 | 240.0 | 0.4 | 16.9 | |||
WST-20-0548A | 271.4 | 273.6 | 2.2 | 3.60 | Triple Lynx | Triple Lynx | |
including | 272.1 | 272.8 | 0.7 | 10.9 | |||
WST-20-0554 | 357.4 | 359.4 | 2.0 | 6.43 | Triple Lynx | Triple Lynx | |
424.0 | 426.2 | 2.2 | 3.77 | Triple Lynx | Triple Lynx | ||
WST-20-0569 | 412.0 | 414.0 | 2.0 | 4.31 | Lynx SW | Lynx | |
including | 412.4 | 412.7 | 0.3 | 27.6 | |||
WST-20-0570 | 323.0 | 325.0 | 2.0 | 3.85 | Lynx SW | Lynx SW | |
WST-20-0574 | 302.9 | 305.7 | 2.8 | 9.11 | Lynx SW | Lynx SW | |
308.0 | 310.0 | 2.0 | 4.07 | Lynx SW | Lynx SW | ||
394.5 | 396.9 | 2.4 | 5.64 | Lynx SW | Lynx SW | ||
416.0 | 418.7 | 2.7 | 9.20 | Lynx SW | Lynx SW | ||
including | 418.4 | 418.7 | 0.3 | 78.9 | |||
510.8 | 513.0 | 2.2 | 4.58 | Lynx SW | Lynx SW | ||
including | 511.7 | 512.2 | 0.5 | 20.0 | |||
WST-20-0575 | 159.0 | 161.0 | 2.0 | 3.54 | Triple Lynx | Triple Lynx | |
WST-20-0602 | 397.1 | 400.4 | 3.3 | 9.53 | Lynx SW | Lynx SW | |
including | 397.6 | 398.0 | 0.4 | 28.7 | |||
572.0 | 577.3 | 5.3 | 43.4 | 29.9 | Lynx SW | Lynx SW | |
including | 572.0 | 573.0 | 1.0 | 172 | 100 | ||
WST-20-0603 | 250.5 | 253.7 | 3.2 | 56.4 | 34.3 | Lynx SW | Lynx SW |
including | 252.0 | 252.7 | 0.7 | 201 | 100 | ||
257.8 | 260.0 | 2.2 | 5.07 | Lynx SW | Lynx SW | ||
278.0 | 280.0 | 2.0 | 28.0 | Triple Lynx | Triple Lynx | ||
including | 278.7 | 279.2 | 0.5 | 95.2 | |||
WST-20-0606A | 248.5 | 250.5 | 2.0 | 5.41 | Lynx SW | Lynx SW | |
273.2 | 275.2 | 2.0 | 15.3 | Lynx SW | Lynx SW | ||
including | 273.7 | 274.0 | 0.3 | 37.3 | |||
329.0 | 331.0 | 2.0 | 4.41 | Lynx SW | Lynx SW | ||
WST-20-0609 | 299.0 | 301.4 | 2.4 | 12.9 | Lynx SW | Lynx SW | |
including | 300.9 | 301.4 | 0.5 | 57.0 | |||
326.7 | 329.0 | 2.3 | 4.77 | Triple Lynx | Triple Lynx | ||
including | 326.7 | 327.4 | 0.7 | 11.1 | |||
346.7 | 349.0 | 2.3 | 3.90 | Lynx SW | Lynx SW | ||
including | 346.7 | 347.2 | 0.5 | 17.4 | |||
WST-20-0611 | 289.0 | 292.4 | 3.4 | 52.1 | 27.0 | Triple Lynx | Triple Lynx |
including | 291.8 | 292.4 | 0.6 | 242 | 100 | ||
WST-20-0615 | 258.1 | 260.5 | 2.4 | 12.0 | Lynx SW | Lynx SW | |
WST-20-0626 | 451.7 | 453.8 | 2.1 | 4.51 | Lynx SW | Lynx SW | |
WST-20-0631 | 14.8 | 17.0 | 2.2 | 7.22 | Lynx | Lynx | |
including | 14.8 | 15.6 | 0.8 | 19.7 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-2170-W7 | 128 | -59 | 1205 | 453425 | 5435657 | 413 | 3900 |
OSK-W-20-2252-W10 | 129 | -54 | 1226 | 453241 | 5435694 | 415 | 3750 |
OSK-W-20-2252-W8 | 129 | -54 | 1239 | 453241 | 5435694 | 415 | 3750 |
OSK-W-20-2271-W2 | 120 | -53 | 1223 | 453462 | 5435682 | 410 | 3950 |
OSK-W-20-2271-W5 | 120 | -53 | 1247 | 453462 | 5435682 | 410 | 3950 |
OSK-W-20-2280-W7 | 127 | -58 | 1131 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2283-W2 | 135 | -50 | 1011 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2287 | 116 | -53 | 1406 | 453607 | 5435714 | 404 | 4075 |
OSK-W-20-2292-W1 | 125 | -54 | 1149 | 453035 | 5435561 | 420 | 3525 |
OSK-W-20-2313-W7 | 134 | -52 | 1086 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2313-W9 | 134 | -52 | 1218 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2322-W1 | 130 | -54 | 1233 | 453608 | 5435715 | 403 | 4075 |
OSK-W-20-2328 | 136 | -56 | 942 | 452872 | 5435153 | 409 | 3175 |
OSK-W-20-2363 | 139 | -52 | 1031 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2363-W1 | 139 | -52 | 1059 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2363-W2 | 139 | -52 | 1035 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2363-W3 | 139 | -52 | 1185 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2371-W1 | 123 | -53 | 1032 | 452996 | 5435364 | 412 | 3375 |
OSK-W-20-2371-W2 | 123 | -53 | 1251 | 452996 | 5435364 | 412 | 3375 |
OSK-W-20-2375-W3 | 122 | -56 | 1020 | 453810 | 5435779 | 400 | 4300 |
OSK-W-20-2381-W1 | 134 | -53 | 1512 | 453620 | 5435791 | 402 | 4125 |
OSK-W-20-2391 | 117 | -57 | 1629 | 453281 | 5435894 | 408 | 3900 |
OSK-W-20-2391-W2 | 117 | -57 | 1888 | 453281 | 5435894 | 408 | 3900 |
OSK-W-20-2394-W1 | 138 | -52 | 1065 | 452922 | 5435468 | 415 | 3375 |
OSK-W-20-2394-W3 | 138 | -52 | 1020 | 452922 | 5435468 | 415 | 3375 |
OSK-W-21-2445 | 141 | -50 | 945 | 452906 | 5435434 | 415 | 3325 |
WST-20-0522 | 177 | -52 | 457 | 453104 | 5435064 | 231 | 3325 |
WST-20-0523A | 165 | -46 | 387 | 453104 | 5435065 | 231 | 3325 |
WST-20-0524 | 182 | -44 | 243 | 453103 | 5435064 | 231 | 3325 |
WST-20-0548A | 166 | -60 | 370 | 453228 | 5435126 | 135 | 3475 |
WST-20-0554 | 148 | -44 | 562 | 453257 | 5435209 | 96 | 3525 |
WST-20-0569 | 164 | -59 | 526 | 453104 | 5435065 | 231 | 3325 |
WST-20-0570 | 159 | -51 | 454 | 453104 | 5435065 | 231 | 3325 |
WST-20-0574 | 139 | -63 | 523 | 452955 | 5435003 | 253 | 3175 |
WST-20-0575 | 280 | -33 | 280 | 453413 | 5435309 | 69 | 3725 |
WST-20-0602 | 160 | -62 | 651 | 453227 | 5435126 | 134 | 3475 |
WST-20-0603 | 161 | -59 | 525 | 453227 | 5435125 | 134 | 3475 |
WST-20-0606A | 141 | -56 | 531 | 453105 | 5435065 | 231 | 3325 |
WST-20-0609 | 188 | -56 | 461 | 453177 | 5435126 | 173 | 3425 |
WST-20-0611 | 118 | -63 | 378 | 453358 | 5435273 | 16 | 3650 |
WST-20-0615 | 177 | -58 | 519 | 453227 | 5435125 | 134 | 3475 |
WST-20-0626 | 194 | -59 | 471 | 453176 | 5435125 | 173 | 3425 |
WST-20-0631 | 136 | -3 | 166 | 453322 | 5435235 | 55 | 3600 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and supported by the technical report entitled “Mineral Resource Estimate Update for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” dated March 8, 2021 (with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO MINING CORPORATE UPDATE
(Toronto, March 15, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to announce the promotion of Ms. Alix Drapack to Chief Sustainability Officer (“CSO”). As part of the senior management team reporting to the President, the CSO will oversee the corporation’s sustainability activities including Health & Safety, Environment, Community relations and First Nation relations, agreements and partnerships.
Ms. Drapack joined Osisko Mining Inc. in 2016 and was most recently Senior Vice-President Sustainable Development. She is a professional engineer with over 28 years of experience in managing mining, environmental and transportation projects in Canada and the USA, spanning operations, consulting and corporate office settings. Alix graduated from UBC with a Bachelor of Applied Science in Mining and Mineral Process Engineering. She also holds an MBA from Arizona State University and is a member (P. Eng.) of the Professional Engineers of Ontario. From 2011 to 2014, as Director of Sustainable Development for Osisko Mining Corporation, Alix led the combined federal and provincial environmental assessment process for the Osisko Hammond Reef Project and was responsible for Aboriginal engagement, public consultation and government relations. Previously she developed and implemented the Environmental Management Program for TransLink and has had mining operations experience including working as a Mill Shift foreman for Inco Ltd.
The new appointment reflects Osisko’s values-based approach and commitment to best practice environmental, social and governance (ESG) principles as the Corporation advances the world-class Windfall deposit towards development.
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About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO EXPANSION DRILLING ADDS NEW HIGH GRADE AT WINDFALL
58.7 g/t Au Over 4.6 Metres in Caribou
(Toronto, March 15, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Significant new analytical results presented below include 40 intercepts in 18 drill holes (15 from surface, 3 from underground) and 11 wedges. The intercepts are located outside the February 2021 mineral resource estimate (see Osisko news release dated February 17, 2021) and either expand resource wireframes or are located in a defined zone or corridor but do not yet correlate to a specific wireframe.
Osisko Chief Executive Officer John Burzynski commented: “Windfall continues to grow in scale across the deposit as demonstrated by today’s results in five different zones, all of which still remain open to growth.”
Selected intercepts include: 58.7 g/t Au over 4.6 metres in OSK-W-20-2421; 39.2 g/t Au over 2.5 metres in OSK-W-20-2399-W1; 36.8 g/t Au over 2.3 metres in OSK-W-20-2410-W1; 21.2 g/t Au over 3.6 metres in OSK-W-21-2467-W1; and 36.2 g/t Au over 2.0 metres in OSK-W-21-2462. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Expansion Drilling
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-2354-W1 | 705.8 | 707.8 | 2.0 | 3.62 | Caribou | Caribou | |
including | 706.6 | 707.1 | 0.5 | 12.5 | |||
OSK-W-20-2354-W2 | 633.5 | 638.1 | 4.6 | 8.60 | Caribou | Caribou | |
including | 633.5 | 634.9 | 1.4 | 20.0 | |||
OSK-W-20-2354-W4 | 629.0 | 633.0 | 4.0 | 11.2 | Caribou | Caribou | |
including | 629.0 | 630.0 | 1.0 | 34.8 | |||
OSK-W-20-2359 | 673.0 | 675.0 | 2.0 | 4.87 | Caribou | Caribou | |
OSK-W-20-2366 | 299.9 | 302.0 | 2.1 | 3.61 | Caribou | Caribou | |
OSK-W-20-2377-W1 | 889.5 | 895.5 | 6.0 | 7.36 | Caribou | Caribou | |
including | 889.5 | 890.0 | 0.5 | 25.5 | |||
OSK-W-20-2387 | 575.5 | 577.5 | 2.0 | 4.70 | Caribou | Caribou | |
including | 576.1 | 576.6 | 0.5 | 15.2 | |||
OSK-W-20-2387-W1 | 521.0 | 523.0 | 2.0 | 18.8 | Caribou | Caribou | |
including | 521.8 | 523.0 | 1.2 | 29.7 | |||
OSK-W-20-2390 | 622.6 | 625.0 | 2.4 | 4.91 | Caribou | Caribou | |
including | 623.8 | 624.5 | 0.7 | 14.7 | |||
OSK-W-20-2399-W1 | 621.5 | 624.0 | 2.5 | 39.2 | Caribou | Caribou | |
650.0 | 652.4 | 2.4 | 6.67 | Caribou | Caribou | ||
including | 651.0 | 651.4 | 0.4 | 36.5 | |||
OSK-W-20-2399-W2 | 580.0 | 582.4 | 2.4 | 3.83 | Caribou | Caribou | |
including | 582.1 | 582.4 | 0.3 | 18.5 | |||
656.0 | 658.0 | 2.0 | 3.66 | Caribou | Caribou | ||
OSK-W-20-2400 | 768.0 | 770.2 | 2.2 | 4.20 | Caribou | Caribou | |
OSK-W-20-2401 | 382.0 | 384.0 | 2.0 | 6.16 | Caribou | Caribou | |
including | 382.0 | 383.0 | 1.0 | 11.8 | |||
OSK-W-20-2407-W1 | 686.0 | 688.0 | 2.0 | 9.14 | Underdog | Underdog | |
including | 686.5 | 687.0 | 0.5 | 29.5 | |||
OSK-W-20-2410-W1 | 720.7 | 723.0 | 2.3 | 36.8 | Caribou | Caribou | |
including | 722.0 | 723.0 | 1.0 | 67.0 | |||
OSK-W-20-2414 | 837.0 | 839.1 | 2.1 | 3.92 | Caribou | Caribou | |
OSK-W-20-2415-W1 | 453.0 | 455.0 | 2.0 | 24.7 | 20.2 | Caribou | Caribou |
including | 453.9 | 454.3 | 0.4 | 123 | 100 | ||
OSK-W-20-2421 | 530.0 | 532.1 | 2.1 | 6.56 | Caribou | Caribou | |
including | 530.0 | 531.0 | 1.0 | 13.3 | |||
534.0 | 538.6 | 4.6 | 58.7 | 40.6 | Caribou | Caribou | |
including | 536.0 | 537.0 | 1.0 | 123 | 100 | ||
and | 537.0 | 537.4 | 0.4 | 251 | 100 | ||
OSK-W-20-2424 | 109.2 | 111.5 | 2.3 | 4.70 | F11 | F11 | |
including | 109.8 | 110.3 | 0.5 | 17.8 | |||
OSK-W-20-2433 | 78.0 | 80.0 | 2.0 | 3.60 | F11 | F11 | |
including | 78.8 | 79.3 | 0.5 | 13.9 | |||
216.0 | 218.0 | 2.0 | 3.95 | F11 | F11 | ||
including | 216.0 | 216.5 | 0.5 | 11.7 | |||
OSK-W-20-2439 | 45.3 | 48.0 | 2.7 | 4.05 | F11 | F11 | |
OSK-W-21-2451 | 647.4 | 649.4 | 2.0 | 4.90 | Caribou | Caribou | |
including | 648.0 | 648.4 | 0.4 | 15.0 | |||
748.0 | 750.5 | 2.5 | 19.1 | Caribou | Caribou | ||
OSK-W-21-2460 | 535.8 | 538.0 | 2.2 | 18.8 | Caribou | Caribou | |
724.6 | 726.7 | 2.1 | 3.95 | Caribou | Caribou | ||
OSK-W-21-2462 | 480.0 | 482.0 | 2.0 | 36.2 | 25.7 | Caribou | Caribou |
including | 480.9 | 481.4 | 0.5 | 142 | 100 | ||
678.0 | 680.4 | 2.4 | 5.78 | Caribou | Caribou | ||
OSK-W-21-2466 | 539.0 | 541.0 | 2.0 | 9.76 | Caribou | Caribou | |
OSK-W-21-2467-W1 | 421.0 | 423.0 | 2.0 | 3.65 | Caribou | Caribou | |
602.0 | 604.0 | 2.0 | 21.9 | Caribou | Caribou | ||
including | 603.0 | 604.0 | 1.0 | 43.6 | |||
636.1 | 639.7 | 3.6 | 21.2 | Caribou | Caribou | ||
including | 636.1 | 636.6 | 0.5 | 89.3 | |||
687.0 | 689.0 | 2.0 | 14.0 | Caribou | Caribou | ||
including | 687.0 | 688.0 | 1.0 | 25.0 | |||
WST-20-0519 | 148.0 | 150.0 | 2.0 | 6.76 | Z27 | Zone 27 | |
WST-20-0558 | 98.0 | 100.0 | 2.0 | 4.57 | Bobcat | Bobcat | |
including | 98.4 | 99.1 | 0.7 | 12.8 | |||
166.0 | 168.0 | 2.0 | 7.15 | Bobcat | Bobcat | ||
including | 167.7 | 168.0 | 0.3 | 47.5 | |||
WST-20-0566A | 93.9 | 96.3 | 2.4 | 3.57 | Z27 | Zone 27 | |
including | 95.0 | 95.6 | 0.6 | 12.0 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-2354-W1 | 336 | -60 | 792 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2354-W2 | 336 | -60 | 750 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2354-W4 | 336 | -60 | 783 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2359 | 335 | -61 | 726 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2366 | 323 | -55 | 534 | 452682 | 5434624 | 398 | 2750 |
OSK-W-20-2377-W1 | 132 | -49 | 1314 | 452702 | 5435548 | 409 | 3225 |
OSK-W-20-2387 | 336 | -59 | 717 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2387-W1 | 336 | -59 | 738 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2390 | 330 | -65 | 647 | 452595 | 5434393 | 401 | 2550 |
OSK-W-20-2399-W1 | 333 | -54 | 876 | 452874 | 5434552 | 398 | 2875 |
OSK-W-20-2399-W2 | 333 | -54 | 876 | 452874 | 5434552 | 398 | 2875 |
OSK-W-20-2400 | 336 | -53 | 884 | 452876 | 5434419 | 402 | 2825 |
OSK-W-20-2401 | 330 | -55 | 705 | 452688 | 5434637 | 397 | 2750 |
OSK-W-20-2407-W1 | 347 | -55 | 1044 | 452315 | 5434419 | 399 | 2325 |
OSK-W-20-2410-W1 | 338 | -62 | 750 | 452727 | 5434358 | 402 | 2650 |
OSK-W-20-2414 | 337 | -54 | 882 | 452880 | 5434419 | 402 | 2825 |
OSK-W-20-2415-W1 | 328 | -54 | 762 | 452738 | 5434474 | 401 | 2725 |
OSK-W-20-2421 | 332 | -59 | 699 | 452632 | 5434280 | 400 | 2525 |
OSK-W-20-2424 | 150 | -45 | 267 | 452638 | 5436000 | 403 | 3375 |
OSK-W-20-2433 | 148 | -47 | 411 | 452558 | 5436073 | 405 | 3350 |
OSK-W-20-2439 | 147 | -50 | 360 | 452515 | 5436029 | 406 | 3275 |
OSK-W-21-2451 | 330 | -58 | 803 | 452809 | 5434415 | 404 | 2750 |
OSK-W-21-2460 | 332 | -55 | 789 | 452732 | 5434537 | 399 | 2750 |
OSK-W-21-2462 | 338 | -57 | 888 | 452874 | 5434552 | 398 | 2875 |
OSK-W-21-2466 | 330 | -66 | 639 | 452597 | 5434393 | 401 | 2550 |
OSK-W-21-2467-W1 | 331 | -54 | 708 | 452687 | 5434471 | 402 | 2675 |
WST-20-0519 | 136 | -45 | 162 | 452282 | 5434976 | 262 | 2575 |
WST-20-0558 | 155 | -32 | 169 | 452955 | 5435003 | 253 | 3175 |
WST-20-0566A | 132 | -16 | 368 | 452208 | 5434898 | 248 | 2475 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
Zone 27
Mineralization most commonly occurs as replacement-type characterized by 5% to 50% disseminated, stringer, semi-massive or stockwork pyrite, ptygmatic tourmaline veins, quartz-tourmaline crustiform veins, local quartz-carbonate veins, and local visible gold. Mineralization is associated with moderate to strong sericite, weak to strong silica, weak chlorite and carbonate and locally weak fuchsite and is hosted in strongly altered andesites, in or at the contact of the rhyolite, or along the contacts with felsic porphyritic intrusions.
F-Zone
Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining and occurs as quartz ± ankerite veinlets or as replacement type in shear zones and is characterised by trace to 10% pyrite with local visible gold. Alteration is dominated by sericite-fuchsite-tourmaline-pyrite.
Bobcat
Mineralization most commonly occurs in gold-bearing quartz-pyrite veins controlled by northeast trending faults and shears and to a lesser extent in minor crustiform quartz-tourmaline-ankerite-pyrite veins and pyrite replacement zones and stockwork. Mineralization is hosted in sheared mafic volcanics, rhyolites near faults, or at the contact with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated, stringer, semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and supported by the technical report entitled “Mineral Resource Estimate Update for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” dated March 8, 2021 (with an effective date of November 30, 2020), and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release are further described in the full technical report prepared by BBA Inc. in accordance with NI 43-101 and is available on SEDAR (www.sedar.com) under the Corporation’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO MINING ORDERS MILLING EQUIPMENT FOR WINDFALL
(Toronto, March 9, 2021) Osisko Mining Inc. (OSK:TSX: “Osisko” or the “Corporation”) is pleased to announce that it has placed an order for grinding equipment and ancillaries from FLSmidth, a leading technology and equipment supply company, for its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
The order consists of a 7.3 meters (24 foot) diameter x 3.4 meters (11 foot) long gear-driven semi-autogenous grinding (SAG) mill and a 5.2 meters (17 foot) diameter x 9.4 meters (31 foot) long gear-driven ball mill. Current planning foresees installation and operation of the grinding mills in a SABC[1] configuration. The grinding mills have a capacity of processing up to 176.6 dry tonnes per hour, or 3,900 tonnes per day based on 92% availability. The equipment is expected to be delivered to the Windfall project in the second half of 2022. Installation will follow pending successful receipt of all permits and authorizations.
John Burzynski, Chief Executive Officer of Osisko commented: “FLSmidth is a recognized global leader in grinding technologies with a long track record of providing high quality products, and we are looking forward to be working with them on our developing Windfall project. Securing these critical long lead time components of the grinding circuit is an important first step in solidifying detailed engineering for the Windfall plant. We continue to advance all aspects of work on Windfall including our environmental assessment and consultation with our host communities and look forward to additional near-term announcements regarding our infrastructure plans.”
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release, certain of which are described in the February 17, 2021 news release, will be further described in the full technical report being prepared for this updated mineral resource estimate in accordance with NI 43-101, and will be available on SEDAR (www.sedar.com) under the Corporation’s issuer profile within 45 days from February 17, 2021. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
About FLSmidth
FlSmidth is the market-leading supplier of sustainable productivity to the global mining and cement industries. Headquartered in Copenhagen, Denmark, and with offices in more than 50 countries including Canada, FLSmidth delivers engineering, equipment and service solutions to customers worldwide. Productivity, sustainability, and quality are focus areas for the 12,000 employees in FLSmidth.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
[1] In a SABC configuration, the SAG and ball mill are in closed circuit, with the SAG mill closed with a crusher to control the amount of ‘critical size’ material in the circuit.
OSISKO FILES TECHNICAL REPORT FOR WINDFALL MINERAL RESOURCE ESTIMATE UPDATE
(Toronto, March 8, 2021) Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce that it has filed a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects to update the mineral resource estimate on its 100% owned Windfall gold deposit. The technical report entitled “Mineral Resource Estimate Update for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” and dated March 8, 2021 (effective date of November 30, 2020) has been prepared for Osisko by BBA Inc. The technical report is available on SEDAR (www.sedar.com) under Osisko’s issuer profile.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Statements Regarding Mineral Resource Estimate
Readers are cautioned that mineral resources are not mineral reserves and that the economic viability of mineral resources that are not mineral reserves has not been demonstrated. The mineral resource estimate described in this news release may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards on Mineral Resources and Mineral Reserves” incorporated by reference into National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Readers are cautioned not to assume that further work on the stated mineral resources will lead to mineral reserves that can be mined economically.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO WINDFALL INFILLS WITH HIGH-GRADE IN MULTIPLE ZONES 35.7 g/t Au Over 9.8 Metres in Underdog 65.6 g/t Au over 4.2 meters in Caribou
(Toronto, March 03, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Today’s infill results are from the southwestern areas of the deposit including Zone 27, Underdog, Caribou, F11, Mallard, and Bobcat. Osisko Chief Executive Officer John Burzynski commented: “Infill drilling continues to deliver impressive grade and width results from the Windfall deposit.”
The table below contains resource definition infill intercepts located inside defined February 2021 mineral resource estimate blocks (see Osisko news release dated February 17, 2021). Significant new analytical results are presented below, including 73 intercepts in 33 drill holes (24 from surface, 9 from underground) and 10 wedges.
Selected intercepts include: 35.7 g/t Au over 9.8 metres, 70.7 g/t Au over 2.0 metres, and 50.4 g/t Au over 3.6 metres in OSK-W-20-2407; 65.6 g/t Au over 4.2 metres in OSK-W-20-2390; 60.8 g/t Au over 2.0 metres in OSK-W-20-2405; 39.0 g/t Au over 3.0 metres in OSK-W-20-2400; 55.2 g/t Au over 2.0 metres in OSK-W-20-2399 and 18.9 g/t Au over 5.5 metres in OSK-W-20-2354-W2. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-852-W4 | 725.0 | 727.0 | 2.0 | 6.83 | Caribou_2212 | Caribou | |
including | 725.6 | 726.0 | 0.4 | 27.6 | |||
OSK-W-20-913-W1 | 634.7 | 637.0 | 2.3 | 3.39 | Caribou_2523 | Caribou | |
including | 634.7 | 635.0 | 0.3 | 18.6 | |||
851.0 | 853.3 | 2.3 | 11.1 | Caribou_2219 | Caribou | ||
including | 851.0 | 851.5 | 0.5 | 47.2 | |||
OSK-W-20-913-W2 | 715.0 | 717.8 | 2.8 | 3.89 | Caribou_2210 | Caribou | |
846.0 | 848.0 | 2.0 | 15.5 | Caribou_2219 | Caribou | ||
including | 846.0 | 846.7 | 0.7 | 44.0 | |||
OSK-W-20-2354-W1 | 647.0 | 650.5 | 3.5 | 14.6 | Caribou_2233 | Caribou | |
674.2 | 677.4 | 3.2 | 24.7 | Caribou_2208 | Caribou | ||
including | 677.0 | 677.4 | 0.4 | 77.9 | |||
OSK-W-20-2354-W2 | 641.0 | 646.5 | 5.5 | 18.9 | Caribou_2233 | Caribou | |
including | 642.8 | 643.1 | 0.3 | 61.9 | |||
OSK-W-20-2354-W3 | 632.0 | 635.0 | 3.0 | 8.61 | Caribou_2214 | Caribou | |
665.7 | 670.0 | 4.3 | 7.53 | Caribou_2208 | Caribou | ||
including | 669.0 | 670.0 | 1.0 | 17.1 | |||
OSK-W-20-2354-W4 | 498.8 | 501.0 | 2.2 | 3.79 | Caribou | Caribou | |
649.0 | 651.0 | 2.0 | 6.43 | Caribou_2233 | Caribou | ||
673.0 | 676.0 | 3.0 | 16.7 | Caribou_2208 | Caribou | ||
708.0 | 711.0 | 3.0 | 4.97 | Caribou_2220 | Caribou | ||
OSK-W-20-2359 | 360.8 | 363.0 | 2.2 | 5.96 | Caribou | Caribou | |
OSK-W-20-2359-W1 | 361.0 | 363.0 | 2.0 | 6.17 | Caribou | Caribou | |
662.0 | 664.9 | 2.9 | 4.88 | Caribou_2206 | Caribou | ||
OSK-W-20-2366 | 459.0 | 461.0 | 2.0 | 4.90 | Caribou_2210 | Caribou | |
including | 460.0 | 461.0 | 1.0 | 9.13 | |||
OSK-W-20-2373 | 600.0 | 602.0 | 2.0 | 3.14 | Caribou_2241 | Caribou | |
including | 600.6 | 601.4 | 0.8 | 7.07 | |||
OSK-W-20-2376 | 320.3 | 322.3 | 2.0 | 3.56 | Caribou_2116 | Caribou | |
432.6 | 436.0 | 3.4 | 5.32 | Caribou_2235 | Caribou | ||
including | 435.0 | 436.0 | 1.0 | 13.3 | |||
OSK-W-20-2377 | 741.0 | 743.2 | 2.2 | 3.22 | Caribou_2553 | Caribou | |
OSK-W-20-2387 | 661.2 | 663.2 | 2.0 | 8.69 | Caribou_2233 | Caribou | |
OSK-W-20-2388 | 537.0 | 539.7 | 2.7 | 4.76 | Caribou_2215 | Caribou | |
610.7 | 614.2 | 3.5 | 13.8 | Caribou_2217 | Caribou | ||
including | 610.7 | 611.0 | 0.3 | 87.5 | |||
639.3 | 641.8 | 2.5 | 4.14 | Caribou_2218 | Caribou | ||
including | 640.4 | 641.1 | 0.7 | 11.0 | |||
645.4 | 647.5 | 2.1 | 3.87 | Caribou_2218 | Caribou | ||
including | 646.0 | 646.5 | 0.5 | 16.1 | |||
OSK-W-20-2390 | 594.8 | 599.0 | 4.2 | 65.6 | 51.2 | Caribou_2241 | Caribou |
including | 596.9 | 597.2 | 0.3 | 147 | 100 | ||
and | 597.5 | 598.1 | 0.6 | 178 | 100 | ||
OSK-W-20-2399 | 673.0 | 675.0 | 2.0 | 55.2 | 20.2 | Caribou_2212 | Caribou |
including | 674.0 | 674.4 | 0.4 | 275 | 100 | ||
OSK-W-20-2400 | 750.0 | 753.0 | 3.0 | 39.0 | 36 | Caribou_2215 | Caribou |
including | 752.0 | 753.0 | 1.0 | 109 | 100 | ||
797.0 | 802.0 | 5.0 | 6.32 | Caribou_2220 | Caribou | ||
including | 798.0 | 799.0 | 1.0 | 16.4 | |||
858.0 | 861.7 | 3.7 | 6.19 | Caribou_2219 | Caribou | ||
including | 860.0 | 861.3 | 1.3 | 12.6 | |||
OSK-W-20-2405 | 262.0 | 264.0 | 2.0 | 60.8 | 42.4 | Caribou_2106 | Caribou |
including | 262.7 | 263.5 | 0.8 | 146 | 100 | ||
622.0 | 624.0 | 2.0 | 4.35 | Caribou_2214 | Caribou | ||
including | 622.0 | 622.6 | 0.6 | 11.2 | |||
626.5 | 630.0 | 3.5 | 16.8 | Caribou_2214 | Caribou | ||
including | 627.5 | 628.0 | 0.5 | 56.0 | |||
OSK-W-20-2405-W1 | 655.9 | 657.9 | 2.0 | 16.6 | Caribou_2233 | Caribou | |
including | 656.5 | 657.0 | 0.5 | 44.4 | |||
OSK-W-20-2407 | 662.0 | 665.6 | 3.6 | 50.4 | 46.6 | Underdog_4101 | Underdog |
including | 663.6 | 664.4 | 0.8 | 184 | 100 | ||
681.0 | 683.0 | 2.0 | 3.77 | Underdog_4100 | Underdog | ||
690.0 | 699.8 | 9.8 | 35.7 | Underdog_4100 | Underdog | ||
including | 690.0 | 691.0 | 1.0 | 85.0 | |||
and | 695.0 | 696.0 | 1.0 | 76.4 | |||
705.0 | 707.0 | 2.0 | 70.7 | 21.9 | Underdog_4102 | Underdog | |
including | 706.3 | 706.7 | 0.4 | 344 | 100 | ||
OSK-W-20-2410 | 686.4 | 688.4 | 2.0 | 6.69 | Caribou_2214 | Caribou | |
OSK-W-20-2414 | 628.0 | 630.0 | 2.0 | 12.0 | Caribou_2524 | Caribou | |
including | 629.0 | 630.0 | 1.0 | 23.7 | |||
OSK-W-20-2415 | 608.8 | 611.0 | 2.2 | 9.96 | Caribou_2211 | Caribou | |
including | 608.8 | 609.2 | 0.4 | 45.9 | |||
703.4 | 707.4 | 4.0 | 17.4 | Caribou_2220 | Caribou | ||
including | 703.4 | 703.7 | 0.3 | 78.4 | |||
OSK-W-20-2415-W1 | 638.3 | 643.2 | 4.9 | 12.0 | Caribou_2233 | Caribou | |
including | 638.3 | 639.3 | 1.0 | 32.5 | |||
OSK-W-20-2425 | 621.0 | 624.1 | 3.1 | 19.3 | 14.2 | Caribou_2220 | Caribou |
including | 623.8 | 624.1 | 0.3 | 152 | 100 | ||
709.4 | 711.4 | 2.0 | 3.91 | Caribou_2219 | Caribou | ||
including | 710.0 | 710.6 | 0.6 | 11.5 | |||
OSK-W-20-2432 | 749.6 | 751.7 | 2.1 | 11.0 | Caribou_2208 | Caribou | |
including | 750.2 | 750.9 | 0.7 | 28.9 | |||
OSK-W-20-2437 | 608.4 | 610.4 | 2.0 | 6.62 | Caribou_2214 | Caribou | |
including | 608.4 | 609.1 | 0.7 | 17.6 | |||
OSK-W-20-2438 | 600.0 | 603.9 | 3.9 | 10.4 | Caribou_2211 | Caribou | |
including | 600.0 | 601.0 | 1.0 | 18.6 | |||
OSK-W-20-2440 | 690.0 | 692.0 | 2.0 | 6.68 | Caribou_2217 | Caribou | |
702.0 | 705.0 | 3.0 | 10.3 | Caribou_2220 | Caribou | ||
738.0 | 740.0 | 2.0 | 3.29 | Caribou_2218 | Caribou | ||
OSK-W-21-2444 | 451.2 | 453.4 | 2.2 | 4.06 | Caribou_2236 | Caribou | |
558.1 | 562.1 | 4.0 | 17.5 | Caribou_2215 | Caribou | ||
including | 561.1 | 562.1 | 1.0 | 38.1 | |||
572.0 | 574.0 | 2.0 | 4.30 | Caribou_2250 | Caribou | ||
including | 572.9 | 573.2 | 0.3 | 19.8 | |||
OSK-W-21-2451 | 729.0 | 734.6 | 5.6 | 8.55 | Caribou_2208 | Caribou | |
including | 734.0 | 734.6 | 0.6 | 34.0 | |||
739.5 | 742.3 | 2.8 | 20.7 | Caribou_2208 | Caribou | ||
OSK-W-21-2455 | 594.0 | 596.1 | 2.1 | 5.35 | Caribou_2211 | Caribou | |
666.7 | 668.8 | 2.1 | 3.55 | Caribou_2208 | Caribou | ||
OSK-W-21-2460 | 438.9 | 441.7 | 2.8 | 9.51 | Caribou_2116 | Caribou | |
including | 441.4 | 441.7 | 0.3 | 28.0 | |||
WST-20-0479B | 36.4 | 38.5 | 2.1 | 4.19 | Mallard_5208 | Mallard | |
269.0 | 271.0 | 2.0 | 9.08 | Z27_1123 | Zone 27 | ||
including | 269.0 | 270.0 | 1.0 | 18.0 | |||
WST-20-0517 | 77.4 | 79.5 | 2.1 | 18.9 | Mallard_5211 | Mallard | |
including | 77.4 | 78.0 | 0.6 | 47.1 | |||
WST-20-0519 | 59.0 | 61.0 | 2.0 | 6.07 | Mallard_5208 | Mallard | |
WST-20-0520 | 176.2 | 178.3 | 2.1 | 6.20 | Z27_1123 | Zone 27 | |
including | 176.2 | 176.7 | 0.5 | 20.5 | |||
WST-20-0521 | 191.3 | 193.7 | 2.4 | 4.40 | Z27_1102 | Zone 27 | |
195.2 | 197.2 | 2.0 | 4.76 | Z27_1102 | Zone 27 | ||
231.9 | 234.3 | 2.4 | 7.99 | Z27_1123 | Zone 27 | ||
including | 233.9 | 234.3 | 0.4 | 31.7 | |||
WST-20-0555 | 118.8 | 121.6 | 2.8 | 10.8 | Bobcat_2350 | Bobcat | |
including | 119.5 | 119.9 | 0.4 | 24.6 | |||
and | 121.0 | 121.6 | 0.6 | 23.2 | |||
WST-20-0566 | 13.0 | 15.3 | 2.3 | 5.64 | Mallard_5211 | Mallard | |
including | 14.0 | 14.3 | 0.3 | 15.7 | |||
WST-20-0566A | 255.5 | 259.3 | 3.8 | 13.4 | Caribou_2100 | Caribou | |
including | 255.8 | 256.1 | 0.3 | 37.6 | |||
and | 259.0 | 259.3 | 0.3 | 83.6 | |||
WST-20-0627 | 14.0 | 16.9 | 2.9 | 8.32 | Mallard_5211 | Mallard |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-852-W4 | 330 | -55 | 873 | 452874 | 5434552 | 398 | 2875 |
OSK-W-20-913-W1 | 334 | -52 | 939 | 452878 | 5434419 | 401 | 2825 |
OSK-W-20-913-W2 | 334 | -52 | 913 | 452878 | 5434419 | 401 | 2825 |
OSK-W-20-2354-W1 | 336 | -60 | 792 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2354-W2 | 336 | -60 | 750 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2354-W3 | 336 | -60 | 750 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2354-W4 | 336 | -60 | 783 | 452739 | 5434474 | 401 | 2725 |
OSK-W-20-2359 | 335 | -61 | 726 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2359-W1 | 335 | -61 | 696 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2366 | 323 | -55 | 534 | 452682 | 5434624 | 398 | 2750 |
OSK-W-20-2373 | 335 | -65 | 647 | 452595 | 5434393 | 401 | 2550 |
OSK-W-20-2376 | 325 | -55 | 510 | 452689 | 5434637 | 397 | 2750 |
OSK-W-20-2377 | 132 | -49 | 1326 | 452702 | 5435548 | 409 | 3225 |
OSK-W-20-2387 | 336 | -59 | 717 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2388 | 326 | -61 | 699 | 452715 | 5434606 | 397 | 2775 |
OSK-W-20-2390 | 330 | -65 | 647 | 452595 | 5434393 | 401 | 2550 |
OSK-W-20-2399 | 333 | -54 | 864 | 452874 | 5434552 | 398 | 2875 |
OSK-W-20-2400 | 336 | -53 | 884 | 452876 | 5434419 | 402 | 2825 |
OSK-W-20-2405 | 332 | -58 | 723 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2405-W1 | 332 | -58 | 716 | 452694 | 5434440 | 401 | 2675 |
OSK-W-20-2407 | 347 | -55 | 993 | 452315 | 5434419 | 399 | 2325 |
OSK-W-20-2410 | 338 | -62 | 768 | 452727 | 5434358 | 402 | 2650 |
OSK-W-20-2414 | 337 | -54 | 882 | 452880 | 5434419 | 402 | 2825 |
OSK-W-20-2415 | 328 | -54 | 755 | 452738 | 5434474 | 401 | 2725 |
OSK-W-20-2415-W1 | 328 | -54 | 762 | 452738 | 5434474 | 401 | 2725 |
OSK-W-20-2425 | 336 | -60 | 747 | 452715 | 5434606 | 397 | 2775 |
OSK-W-20-2432 | 333 | -57 | 864 | 452809 | 5434415 | 404 | 2750 |
OSK-W-20-2437 | 329 | -62 | 630 | 452597 | 5434393 | 401 | 2550 |
OSK-W-20-2438 | 331 | -60 | 729 | 452695 | 5434401 | 402 | 2650 |
OSK-W-20-2440 | 330 | -52 | 807 | 452738 | 5434474 | 401 | 2725 |
OSK-W-21-2444 | 337 | -59 | 636 | 452715 | 5434606 | 397 | 2775 |
OSK-W-21-2451 | 330 | -58 | 803 | 452809 | 5434415 | 404 | 2750 |
OSK-W-21-2455 | 328 | -53 | 780 | 452738 | 5434474 | 401 | 2725 |
OSK-W-21-2460 | 332 | -55 | 786 | 452732 | 5434537 | 399 | 2750 |
WST-20-0479B | 138 | -59 | 402 | 452281 | 5434975 | 262 | 2575 |
WST-20-0517 | 140 | -55 | 400 | 452281 | 5434975 | 262 | 2575 |
WST-20-0519 | 136 | -45 | 162 | 452282 | 5434976 | 262 | 2575 |
WST-20-0520 | 135 | -46 | 388 | 452281 | 5434975 | 263 | 2575 |
WST-20-0521 | 153 | -57 | 385 | 452281 | 5434975 | 262 | 2575 |
WST-20-0555 | 145 | -25 | 160 | 452955 | 5435003 | 254 | 3175 |
WST-20-0566 | 132 | -16 | 20 | 452208 | 5434898 | 248 | 2475 |
WST-20-0566A | 132 | -16 | 368 | 452208 | 5434898 | 248 | 2475 |
WST-20-0627 | 130 | -18 | 84 | 452208 | 5434899 | 249 | 2475 |
Caribou Zone
Mineralization most commonly occurs in gold-bearing pyrite stockworks as well as semi-massive pyrite replacement zones associated with phyllic alteration (sericite-pyrite ± silica) with sulphides, pyrite dominated with minor chalcopyrite and sphalerite ranging from trace to up to 20%, and local visible gold. Mineralization is hosted in rhyolites or mafic-intermediate volcanics frequently at or near faults or the contact with felsic porphyritic intrusions.
Underdog
Mineralization most commonly occurs in gold-bearing quartz-pyrite (± tourmaline) veins and as disseminated and stringer semi-massive to massive pyrite with minor sphalerite, chalcopyrite and molybdenite associated with strong sericite and silica alteration. Mineralization is hosted along the intrusive contacts of a three-phase composite felsic porphyritic unit which cross-cuts felsic and mafic volcanic sequences.
F-Zone
Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining and occurs as quartz ± ankerite veinlets or in shear zones as replacement, characterised by trace to 10% pyrite with local visible gold. Alteration is dominated by sericite-fuchsite-tourmaline-pyrite.
Bobcat
Mineralization most commonly occurs in gold-bearing quartz-pyrite veins controlled by northeast trending faults and shears and to a lesser extent in minor crustiform quartz-tourmaline-ankerite-pyrite veins and pyrite replacement zones and stockwork. Mineralization is hosted in sheared mafic volcanics, rhyolites near faults, or at the contact with felsic porphyritic intrusions.
Mallard
Mineralization is hosted in sheared mafic volcanics with felsic porphyritic intrusions and occurs as veins associated with sericite-pyrite ± silica ± chlorite alteration and contains pyrite ranging from trace to 30% and local visible gold.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release, certain of which are described in the February 17, 2021 news release, will be further described in the full technical report being prepared for this updated mineral resource estimate in accordance with NI 43-101, and will be available on SEDAR (www.sedar.com) under the Corporation’s issuer profile within 45 days from February 17, 2021. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653
OSISKO INFILL CONTINUES TO DELIVER WITH 342 g/t Au OVER 2.5 METRES
(Toronto, March 1st, 2021) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Infill drilling is currently focused on the Lynx deposit. Osisko Chief Executive Officer John Burzynski commented: “Lynx continues to deliver with high-grade and width as we infill the mineral resource estimate (“MRE”) areas published earlier this month.”
The table below contains resource definition infill intercepts located inside defined February 2021 MRE blocks (see Osisko news release dated February 17, 2021). Significant new analytical results are presented below, including 80 intercepts in 21 drill holes (7 from surface, 14 from underground) and 26 wedges.
Select intercepts include: 342 g/t Au over 2.5 metres in OSK-W-20-1432-W2; 37.7 g/t Au over 7.2 metres in OSK-W-20-2283-W5; 56.4 g/t Au over 4.0 metres, 18.3 g/t Au over 5.5 metres and 45.3 g/t Au over 2.1 metres in OSK-W-20-2256-W8; 79.8 g/t Au over 2.4 metres in OSK-W-20-2397; 63.8 g/t Au over 2.4 metres in OSK-W-20-2271-W6; 36.0 g/t Au over 2.7 metres in WST-20-0548A; 42.2 g/t Au over 2.0 metres in OSK-W-20-2280-W6; and 21.1 g/t Au over 4.0 metres in OSK-W-20-2283-W4. Maps showing hole locations and full analytical results are available at www.osiskomining.com
Infill Drilling
Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
OSK-W-20-1432-W2 | 959.5 | 962.0 | 2.5 | 342 | 72.1 | LX4_3437 | Lynx |
including | 960.2 | 961.0 | 0.8 | 596 | 100 | ||
OSK-W-20-2133-W4 | 966.4 | 969.0 | 2.6 | 3.85 | TLX_3188 | Triple Lynx | |
OSK-W-20-2170-W7 | 971.0 | 973.0 | 2.0 | 25.5 | TLX_3163 | Triple Lynx | |
including | 971.0 | 972.0 | 1.0 | 41.1 | |||
995.0 | 997.5 | 2.5 | 4.18 | TLX_3163 | Triple Lynx | ||
1051.0 | 1053.0 | 2.0 | 4.07 | TLX_3162 | Triple Lynx | ||
OSK-W-20-2252-W5 | 901.0 | 903.0 | 2.0 | 3.30 | TLX_3185 | Triple Lynx | |
OSK-W-20-2252-W10 | 939.9 | 942.0 | 2.1 | 3.31 | TLX_3163 | Triple Lynx | |
OSK-W-20-2256-W8 | 872.5 | 877.0 | 4.5 | 4.39 | TLX_3189 | Triple Lynx | |
883.2 | 887.0 | 3.8 | 4.17 | TLX_3161 | Triple Lynx | ||
including | 886.0 | 886.5 | 0.5 | 8.68 | |||
888.5 | 890.5 | 2.0 | 7.73 | TLX_3161 | Triple Lynx | ||
including | 889.4 | 889.9 | 0.5 | 30.2 | |||
901.7 | 905.7 | 4.0 | 56.4 | 48.5 | TLX_3161 | Triple Lynx | |
including | 901.7 | 902.2 | 0.5 | 139 | 100 | ||
and | 903.0 | 903.5 | 0.5 | 125 | 100 | ||
907.7 | 913.2 | 5.5 | 18.3 | TLX_3161 | Triple Lynx | ||
including | 911.7 | 912.5 | 0.8 | 44.5 | |||
921.0 | 923.1 | 2.1 | 45.3 | TLX_3161 | Triple Lynx | ||
including | 922.1 | 923.1 | 1.0 | 92.7 | |||
961.0 | 966.3 | 5.3 | 13.4 | TLX_3163 | Triple Lynx | ||
including | 965.7 | 966.3 | 0.6 | 87.2 | |||
972.0 | 974.0 | 2.0 | 3.59 | TLX_3163 | Triple Lynx | ||
1001.2 | 1003.6 | 2.4 | 13.8 | TLX_3164 | Triple Lynx | ||
including | 1002.2 | 1002.6 | 0.4 | 40.5 | |||
OSK-W-20-2271-W3 | 1093.0 | 1095.0 | 2.0 | 4.59 | LX4_3440 | Lynx | |
OSK-W-20-2271-W4 | 1085.0 | 1087.0 | 2.0 | 9.68 | LX4_3418 | Lynx | |
including | 1085.0 | 1085.5 | 0.5 | 21.0 | |||
OSK-W-20-2271-W5 | 825.5 | 828.0 | 2.5 | 29.5 | 12.4 | LXM_3317 | Lynx |
including | 826.2 | 826.5 | 0.3 | 242 | 100 | ||
1177.2 | 1179.8 | 2.6 | 6.19 | LX4_3430 | Lynx | ||
OSK-W-20-2271-W6 | 849.0 | 851.0 | 2.0 | 5.07 | LXM_3345 | Lynx | |
1131.6 | 1133.7 | 2.1 | 10.5 | LX4_3434 | Lynx | ||
including | 1132.7 | 1133.0 | 0.3 | 46.1 | |||
1135.6 | 1138.0 | 2.4 | 63.8 | 26.7 | LX4_3434 | Lynx | |
including | 1137.3 | 1137.7 | 0.4 | 323 | 100 | ||
OSK-W-20-2280-W2 | 1096.4 | 1098.8 | 2.4 | 6.46 | TLX_3170 | Triple Lynx | |
OSK-W-20-2280-W6 | 916.0 | 918.1 | 2.1 | 3.88 | TLX_3161 | Triple Lynx | |
including | 916.7 | 917.1 | 0.4 | 16.3 | |||
951.0 | 953.7 | 2.7 | 3.43 | TLX_3180 | Triple Lynx | ||
956.0 | 958.0 | 2.0 | 3.64 | TLX_3180 | Triple Lynx | ||
965.0 | 967.0 | 2.0 | 42.2 | TLX_3180 | Triple Lynx | ||
including | 966.0 | 967.0 | 1.0 | 82.8 | |||
1033.1 | 1036.0 | 2.9 | 4.53 | TLX_3164 | Triple Lynx | ||
including | 1033.4 | 1033.8 | 0.4 | 25.0 | |||
1062.6 | 1064.9 | 2.3 | 7.50 | TLX_3162 | Triple Lynx | ||
including | 1063.5 | 1064.3 | 0.8 | 20.5 | |||
OSK-W-20-2280-W7 | 1017.2 | 1019.6 | 2.4 | 4.06 | TLX_3164 | Triple Lynx | |
OSK-W-20-2280-W9 | 979.0 | 981.0 | 2.0 | 3.17 | TLX_3180 | Triple Lynx | |
985.0 | 987.0 | 2.0 | 4.84 | TLX_3180 | Triple Lynx | ||
including | 986.7 | 987.0 | 0.3 | 21.0 | |||
1020.0 | 1022.5 | 2.5 | 5.00 | TLX_3183 | Triple Lynx | ||
1066.1 | 1069.0 | 2.9 | 5.01 | TLX_3164 | Triple Lynx | ||
including | 1066.1 | 1066.4 | 0.3 | 26.0 | |||
1082.0 | 1089.0 | 7.0 | 4.51 | TLX_3162 | Triple Lynx | ||
including | 1087.7 | 1088.1 | 0.4 | 22.2 | |||
OSK-W-20-2283-W3 | 787.0 | 789.0 | 2.0 | 5.52 | TLX_3171 | Triple Lynx | |
including | 788.0 | 788.3 | 0.3 | 35.6 | |||
805.0 | 807.0 | 2.0 | 3.51 | TLX_3184 | Triple Lynx | ||
OSK-W-20-2283-W4 | 792.0 | 796.0 | 4.0 | 21.1 | TLX_3171 | Triple Lynx | |
808.0 | 810.9 | 2.9 | 9.76 | TLX_3184 | Triple Lynx | ||
including | 809.1 | 810.0 | 0.9 | 19.6 | |||
921.0 | 926.0 | 5.0 | 5.16 | TLX_3194 | Triple Lynx | ||
including | 922.7 | 924.0 | 1.3 | 13.9 | |||
OSK-W-20-2283-W5 | 803.8 | 811.0 | 7.2 | 37.7 | TLX_3171 | Triple Lynx | |
including | 807.7 | 809.0 | 1.3 | 76.5 | |||
OSK-W-20-2283-W7 | 840.0 | 847.0 | 7.0 | 10.4 | TLX_3184 | Triple Lynx | |
including | 844.0 | 845.0 | 1.0 | 42.3 | |||
849.0 | 852.0 | 3.0 | 6.33 | TLX_3184 | Triple Lynx | ||
OSK-W-20-2295-W4 | 882.0 | 884.3 | 2.3 | 26.8 | 21.5 | TLX_3195 | Triple Lynx |
including | 882.4 | 882.7 | 0.3 | 141 | 100 | ||
and | 884.0 | 884.3 | 0.3 | 55.8 | |||
OSK-W-20-2313-W7 | 960.0 | 962.0 | 2.0 | 3.92 | TLX_3193 | Triple Lynx | |
including | 960.7 | 961.4 | 0.7 | 11.0 | |||
OSK-W-20-2313-W8 | 827.8 | 830.0 | 2.2 | 3.82 | TLX_3171 | Triple Lynx | |
including | 828.6 | 828.9 | 0.3 | 20.8 | |||
OSK-W-20-2322-W3 | 1138.0 | 1140.2 | 2.2 | 6.26 | LX4_3430 | Lynx | |
including | 1139.6 | 1140.2 | 0.6 | 16.5 | |||
OSK-W-20-2346 | 978.0 | 980.0 | 2.0 | 12.1 | LX4_3413 | Lynx | |
1092.0 | 1094.1 | 2.1 | 3.83 | LX4_3438 | Lynx | ||
OSK-W-20-2363 | 630.0 | 632.1 | 2.1 | 16.7 | TLX_3178 | Triple Lynx | |
including | 630.4 | 630.9 | 0.5 | 62.2 | |||
OSK-W-20-2363-W1 | 955.0 | 957.0 | 2.0 | 7.28 | TLX_3195 | Triple Lynx | |
OSK-W-20-2375 | 887.3 | 890.0 | 2.7 | 9.19 | LX4_3414 | Lynx | |
including | 888.3 | 889.0 | 0.7 | 31.4 | |||
OSK-W-20-2381-W1 | 1228.0 | 1230.0 | 2.0 | 8.54 | LX4_3449 | Lynx | |
including | 1228.0 | 1228.7 | 0.7 | 24.3 | |||
OSK-W-20-2384 | 991.0 | 993.0 | 2.0 | 7.24 | LX4_3430 | Lynx | |
1000.5 | 1003.0 | 2.5 | 26.5 | 22.2 | LX4_3430 | Lynx | |
including | 1001.2 | 1001.7 | 0.5 | 122 | 100 | ||
1013.0 | 1015.0 | 2.0 | 19.5 | LX4_3430 | Lynx | ||
OSK-W-20-2385 | 755.0 | 757.3 | 2.3 | 17.0 | LX4_3426 | Lynx | |
including | 755.0 | 756.0 | 1.0 | 38.1 | |||
776.0 | 778.0 | 2.0 | 31.2 | LX4_3426 | Lynx | ||
including | 777.0 | 777.5 | 0.5 | 98.0 | |||
OSK-W-20-2385-W1 | 778.7 | 781.0 | 2.3 | 6.32 | LX4_3426 | Lynx | |
including | 779.2 | 779.6 | 0.4 | 24.3 | |||
OSK-W-20-2394 | 652.0 | 654.0 | 2.0 | 5.93 | TLX_3184 | Triple Lynx | |
including | 652.4 | 652.8 | 0.4 | 17.7 | |||
OSK-W-20-2394-W1 | 642.8 | 645.0 | 2.2 | 14.5 | TLX_3171 | Triple Lynx | |
including | 643.3 | 643.7 | 0.4 | 53.1 | |||
OSK-W-20-2397 | 660.8 | 664.4 | 3.6 | 11.1 | LXM_3304 | Lynx | |
including | 660.8 | 661.4 | 0.6 | 43.3 | |||
667.5 | 669.9 | 2.4 | 79.8 | 41.9 | LXM_3304 | Lynx | |
including | 668.2 | 669.1 | 0.9 | 201 | 100 | ||
676.9 | 679.1 | 2.2 | 20.5 | LXM_3304 | Lynx | ||
including | 678.1 | 678.6 | 0.5 | 82.9 | |||
WST-20-0492 | 116.9 | 119.2 | 2.3 | 22.3 | 17.6 | LXM_3303 | Lynx |
including | 116.9 | 117.3 | 0.4 | 127 | 100 | ||
WST-20-0524 | 81.9 | 86.2 | 4.3 | 3.58 | LXM_3311 | Lynx | |
WST-20-0548A | 67.6 | 70.3 | 2.7 | 36.0 | LXM_3339 | Lynx | |
including | 67.6 | 68.3 | 0.7 | 64.9 | |||
WST-20-0553 | 131.7 | 134.1 | 2.4 | 8.67 | LXM_3303 | Lynx | |
including | 132.3 | 132.8 | 0.5 | 33.0 | |||
WST-20-0570 | 70.7 | 72.7 | 2.0 | 8.74 | LXM_3361 | Lynx | |
including | 70.7 | 71.7 | 1.0 | 16.9 | |||
274.1 | 276.1 | 2.0 | 6.79 | LXSW_3556 | Lynx SW | ||
including | 274.1 | 275.0 | 0.9 | 13.0 | |||
WST-20-0571 | 394.4 | 396.5 | 2.1 | 10.3 | LXSW_3502 | Lynx SW | |
including | 395.8 | 396.1 | 0.3 | 60.1 | |||
WST-20-0572A | 285.0 | 287.0 | 2.0 | 6.39 | LXSW_3556 | Lynx | |
including | 286.0 | 287.0 | 1.0 | 12.6 | |||
WST-20-0577A | 75.0 | 77.5 | 2.5 | 12.9 | LXM_3303 | Lynx | |
including | 75.8 | 76.7 | 0.9 | 35.6 | |||
WST-20-0582 | 129.5 | 131.5 | 2.0 | 9.97 | LXM_3339 | Lynx | |
WST-20-0583 | 117.0 | 119.0 | 2.0 | 3.80 | LXM_3307 | Lynx | |
including | 118.5 | 119.0 | 0.5 | 8.03 | |||
WST-20-0592 | 129.8 | 132.0 | 2.2 | 4.61 | LXM_3303 | Lynx | |
including | 130.3 | 131.0 | 0.7 | 13.1 | |||
WST-20-0593 | 118.9 | 121.4 | 2.5 | 4.63 | LXM_3303 | Lynx | |
including | 118.9 | 119.9 | 1.0 | 11.5 | |||
WST-20-0611 | 262.7 | 265.2 | 2.5 | 26.8 | TLX_3161 | Triple Lynx | |
including | 262.7 | 263.6 | 0.9 | 66.9 | |||
WST-20-0628 | 112.1 | 114.5 | 2.4 | 6.47 | LXM_3334 | Lynx | |
including | 113.0 | 113.5 | 0.5 | 18.0 |
Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. SW = Southwest.
Drill hole location
Hole Number | Azimuth (°) | Dip (°) | Length (m) | UTM E | UTM N | Elevation | Section |
OSK-W-20-1432-W2 | 132 | -55 | 993 | 453811 | 5435779 | 400 | 4300 |
OSK-W-20-2133-W4 | 118 | -49 | 987 | 453080 | 5435531 | 417 | 3525 |
OSK-W-20-2170-W7 | 128 | -59 | 1205 | 453425 | 5435657 | 413 | 3900 |
OSK-W-20-2252-W5 | 129 | -54 | 1092 | 453241 | 5435694 | 415 | 3750 |
OSK-W-20-2252-W10 | 129 | -54 | 824 | 453241 | 5435694 | 415 | 3750 |
OSK-W-20-2256-W8 | 125 | -51 | 1056 | 453160 | 5435686 | 411 | 3675 |
OSK-W-20-2271-W3 | 120 | -53 | 1235 | 453462 | 5435683 | 410 | 3950 |
OSK-W-20-2271-W4 | 120 | -53 | 1134 | 453462 | 5435683 | 410 | 3950 |
OSK-W-20-2271-W5 | 120 | -53 | 1247 | 453462 | 5435683 | 410 | 3950 |
OSK-W-20-2271-W6 | 120 | -53 | 1232 | 453462 | 5435683 | 410 | 3950 |
OSK-W-20-2280-W2 | 127 | -58 | 1211 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2280-W6 | 127 | -58 | 1152 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2280-W7 | 127 | -58 | 1131 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2280-W9 | 127 | -58 | 1037 | 453304 | 5435639 | 415 | 3775 |
OSK-W-20-2283-W3 | 135 | -50 | 1004 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2283-W4 | 135 | -50 | 1012 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2283-W5 | 135 | -50 | 1043 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2283-W7 | 135 | -50 | 1049 | 452997 | 5435607 | 425 | 3500 |
OSK-W-20-2295-W4 | 132 | -51 | 1082 | 452933 | 5435473 | 415 | 3375 |
OSK-W-20-2313-W7 | 134 | -52 | 1086 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2313-W8 | 134 | -52 | 1098 | 452965 | 5435583 | 420 | 3450 |
OSK-W-20-2322-W3 | 130 | -54 | 1274 | 453608 | 5435715 | 403 | 4075 |
OSK-W-20-2346 | 130 | -53 | 1161 | 453397 | 5435557 | 413 | 3825 |
OSK-W-20-2363 | 139 | -52 | 1031 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2363-W1 | 139 | -52 | 1059 | 452930 | 5435548 | 419 | 3425 |
OSK-W-20-2375 | 122 | -56 | 1160 | 453810 | 5435779 | 400 | 4300 |
OSK-W-20-2381-W1 | 134 | -53 | 1274 | 453620 | 5435791 | 402 | 4125 |
OSK-W-20-2384 | 127 | -52 | 1164 | 453397 | 5435557 | 413 | 3825 |
OSK-W-20-2385 | 125 | -54 | 873 | 453687 | 5435679 | 401 | 4150 |
OSK-W-20-2385-W1 | 125 | -54 | 937 | 453687 | 5435679 | 401 | 4150 |
OSK-W-20-2394 | 138 | -52 | 864 | 452922 | 5435468 | 415 | 3375 |
OSK-W-20-2394-W1 | 138 | -52 | 645 | 452922 | 5435468 | 415 | 3375 |
OSK-W-20-2397 | 131 | -58 | 1197 | 453451 | 5435594 | 412 | 3900 |
WST-20-0492 | 158 | -7 | 142 | 453256 | 5435209 | 97 | 3525 |
WST-20-0524 | 182 | -44 | 243 | 453104 | 5435064 | 231 | 3325 |
WST-20-0548A | 166 | -59 | 370 | 453227 | 5435126 | 134 | 3475 |
WST-20-0553 | 148 | -28 | 224 | 453257 | 5435209 | 96 | 3525 |
WST-20-0570 | 159 | -50 | 454 | 453104 | 5435065 | 231 | 3325 |
WST-20-0571 | 167 | -55 | 465 | 453104 | 5435065 | 231 | 3325 |
WST-20-0572A | 136 | -51 | 463 | 452955 | 5435004 | 252 | 3175 |
WST-20-0577A | 117 | -55 | 196 | 453316 | 5435167 | 124 | 3575 |
WST-20-0582 | 176 | -56 | 144 | 453177 | 5435125 | 173 | 3425 |
WST-20-0583 | 176 | -50 | 129 | 453177 | 5435125 | 173 | 3425 |
WST-20-0592 | 137 | -26 | 205 | 453257 | 5435209 | 96 | 3525 |
WST-20-0593 | 149 | -16 | 202 | 453257 | 5435209 | 96 | 3525 |
WST-20-0611 | 118 | -63 | 378 | 453358 | 5435273 | 16 | 3650 |
WST-20-0628 | 150 | -31 | 164 | 453321 | 5435235 | 55 | 3600 |
Lynx Zone
Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. The vein-type is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.
Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of Osisko’s Windfall Lake gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.
About the Windfall Gold Deposit
The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 17, 2021 and assuming a cut-off grade of 3.50 g/t Au, comprises 521,000 tonnes at 11.3 g/t Au (189,000 ounces) in the measured mineral resource category, 5,502,000 tonnes at 9.4 g/t Au (1,668,000 ounces) in the indicated mineral resource category and 16,401,000 tonnes at 8.0 g/t Au (4,244,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 17, 2021 news release, certain of which are described in the February 17, 2021 news release, will be further described in the full technical report being prepared for this updated mineral resource estimate in accordance with NI 43-101, and will be available on SEDAR (www.sedar.com) under the Corporation’s issuer profile within 45 days from February 17, 2021. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal zones: Lynx, Main Zone, and Underdog. Mineralization is generally comprised of sub-vertical zones following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres as it now includes the Triple 8 (T8) zone. The resources excluding T8 are defined from surface to a depth of 1,200 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate disclosed in this news release; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the Lynx zone remaining open to expansion down plunge; upgrading a inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653