Author: Yannick Fradette
OSISKO RESUMES OPERATIONS AT WINDFALL
(Toronto, May 15, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) announced today that in accordance with permission from the Government of Quebec to resume exploration activities, and in close collaboration with the Cree First Nation of Waswanipi and the Cree Nation Government, a path has been identified for the resumption of operations at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The collaboration builds on a long standing positive relationship which has allowed the Cree Nation and Osisko to address difficult subjects during these challenging times and provides for mutual support in ensuring the safety of community members and the work force of Osisko Mining Inc.
The initial group of employees and contractors have returned to the Windfall site, and drilling operations with six rigs will recommence this weekend. Additional drills and workers will progressively return to work over the course of the coming weeks, with operations expected to return to full capacity by late June. The health and safety of Osisko’s workforce, their families and the communities in which we operate remains the number one priority for Osisko. Osisko is committed to fully supporting safety measures recommended by the Quebec Public Health Expertise and Reference Centre and by the CNESST for our workforce, families and communities. Osisko thanks our workforce, partners and all stakeholders for their understanding and support, and looks forward to a safe and measured approach to the return to work.
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 Lake 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 the 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. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the term of any Government order, or of the suspension of operations described therein; mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to 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”, “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 forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the terms and duration of any government orders suspending or limiting operations that are applicable to Osisko; the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses; 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 drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; 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.
For further information please contact:
John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653
INDEPENDENT PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS OSISKO SHAREHOLDERS VOTE FOR ALL PROPOSED ITEMS AT THE ANNUAL GENERAL MEETING
(Toronto, April 30, 2020) Osisko Mining Inc. (“Osisko”) (TSX: OSK) is pleased to announce that Glass Lewis & Co. (“Glass Lewis”) has recommended that shareholders vote FOR all proposed items to be considered at its upcoming annual meeting of shareholders (“the Meeting”).
Glass Lewis is a prominent, third party proxy advisory firm who, among other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. Glass Lewis made their recommendation yesterday that shareholders vote FOR all the proposed items at this year’s annual meeting of shareholders.
Osisko encourages shareholders to read the meeting materials in detail. Copies of the meeting material is available under Osisko’s profile on SEDAR at www.sedar.com and on Osisko’s website at http://www.osiskomining.com
YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY
The Osisko Board of Directors UNANIMOUSLY recommends that Shareholders
Vote IN FAVOUR of All the Proposed Items.
Submit your vote well in advance of the proxy voting deadline at 10:00 a.m. Toronto time on Wednesday May 27, 2020
Shareholders are encouraged to vote using the internet or telephone, to ensure your vote is received in a timely manner.
Registered shareholders may vote by: Shares held in own name and represented by a physical certificate
- Internet: voteproxyonline.com
- Facsimile: 416-595-9593
Beneficial shareholders (shares held with a broker, bank or other intermediary) may vote by:
- Following the instructions on your voting instruction forms
Osisko Meeting
The Meeting is scheduled for 10:00 a.m. (Toronto Time) on Friday, May 29, 2020. Join us via Teleconference. Dial 1-855-342-6455 (North America Toll Free) or 1-416-933-3853 (Outside North America). Conference ID 2526184. Participants should dial in 5-10 minutes prior to the scheduled start time of the meeting.
Shareholder Questions and Assistance
If you have any questions or require assistance voting your Osisko shares, please contact our proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 toll-free in North America, or call collect outside North America at +1 416 304-0211, or by e-mail at assistance@laurelhill.com
About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Québec, Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val d’Or and Chibougamau and has 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).
OSISKO INFILL DRILLING INTERSECTS HIGH GRADE IN LYNX
Triple Lynx Zone Extended 120 Metres Up Plunge Returning 35.3 g/t Au over 2.7 Metres
(Toronto, April 29, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new drilling results from the ongoing definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Operations remain temporarily suspended in respect of the Government of Québec’s closure of all non-essential business in effort to contain COVID-19. When drilling resumes, it will remain focused on the Lynx deposit, the main mineralized zones, and down plunge exploration in the central areas of the mineralized system.
Significant new analytical results from the definition drilling program on Lynx and Triple Lynx are presented below and include 44 intercepts in 16 drill holes, 2 extensions and 13 wedges.
Of note is drill hole OSK-W-20-2217-W2 which returned 35.3 g/t Au over 2.7 metres, confirming the up-plunge extension of the Triple Lynx zone 120 metres from nearest wireframe (see Osisko news release dated February 19, 2020). Also, drill hole OSK-W-19-2170 returned 40.2 g/t Au over 3.5 metres confirming high grade in the down plunge area of Triple Lynx.
Selected high-grade intercepts from new results include: 104 g/t Au over 2.0 metres in WST-20-0323; 76.5 g/t Au over 2.6 metres in OSK-W-18-1747-W1; 41.2 g/t Au over 4.2 metres in WST-20-0386; and 73.6 g/t Au over 2.3 metres in OSK-W-19-1193-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-17-1000 | 573.0 | 577.3 | 4.3 | 8.92 | Lynx_301 | Lynx | |
| including | 573.0 | 574.0 | 1.0 | 17.1 | |||
| OSK-W-18-1639 | 754.0 | 757.0 | 3.0 | 8.80 | Lynx_336 | Lynx | |
| including | 754.0 | 755.0 | 1.0 | 15.6 | |||
| OSK-W-18-1741-W1 | 916.1 | 918.7 | 2.6 | 76.5 | 50.0 | Lynx_329 | Lynx |
| including | 916.1 | 917.0 | 0.9 | 177 | 100 | ||
| 926.0 | 928.0 | 2.0 | 4.90 | Lynx 4 | Lynx | ||
| OSK-W-19-1104-W4 | 470.6 | 473.0 | 2.4 | 3.42 | Lynx_359 | Lynx | |
| including | 471.3 | 471.6 | 0.3 | 25.6 | |||
| 575.0 | 577.7 | 2.7 | 3.72 | Lynx_321 | Lynx | ||
| including | 576.5 | 576.9 | 0.4 | 17.6 | |||
| OSK-W-19-1193-W2 | 928.2 | 930.5 | 2.3 | 73.6 | 30.6 | Lynx_314 | Lynx |
| including | 928.6 | 929.2 | 0.6 | 265 | 100 | ||
| OSK-W-19-1731-W2 | 591.0 | 593.0 | 2.0 | 7.70 | Lynx_322 | Lynx | |
| including | 591.0 | 592.0 | 1.0 | 14.5 | |||
| OSK-W-19-2059-W1 | 833.9 | 836.3 | 2.4 | 11.1 | Lynx_313 | Lynx | |
| including | 834.8 | 835.7 | 0.9 | 27.3 | |||
| OSK-W-19-2067-W4 | 1028.0 | 1030.5 | 2.5 | 3.25 | Lynx_368 | Lynx | |
| OSK-W-19-2139-W2 | 887.4 | 894.0 | 6.6 | 8.34 | Lynx_363 | Lynx | |
| OSK-W-19-2170 | 923.1 | 926.6 | 3.5 | 40.2 | Triple Lynx | Triple Lynx | |
| including | 923.7 | 924.7 | 1.0 | 98.0 | |||
| OSK-W-19-2197 | 759.8 | 762.0 | 2.2 | 4.04 | Lynx | Lynx | |
| OSK-W-20-1272-W6 | 898.0 | 900.0 | 2.0 | 10.2 | Lynx_364 | Triple Lynx | |
| including | 899.0 | 899.4 | 0.4 | 45.2 | |||
| OSK-W-20-1741-W2 | 860.0 | 862.0 | 2.0 | 3.20 | Lynx_347 | Lynx | |
| 899.0 | 901.0 | 2.0 | 4.29 | Lynx_313 | Lynx | ||
| including | 899.4 | 900.0 | 0.6 | 13.6 | |||
| OSK-W-20-2059-W3 | 701.3 | 704.0 | 2.7 | 11.2 | Lynx_315 | Lynx | |
| including | 703.1 | 704.0 | 0.9 | 29.3 | |||
| OSK-W-20-2217-W1 | 877.0 | 879.0 | 2.0 | 3.29 | Triple Lynx | Triple Lynx | |
| including | 877.0 | 877.4 | 0.4 | 9.71 | |||
| OSK-W-20-2217-W2 | 755.2 | 757.9 | 2.7 | 35.3 | 17.0 | Triple Lynx | Triple Lynx |
| including | 756.3 | 756.6 | 0.3 | 265 | 100 | ||
| OSK-W-20-2243-W1 | 814.0 | 816.0 | 2.0 | 5.36 | Lynx_363 | Lynx | |
| WST-19-0328 | 118.0 | 120.0 | 2.0 | 25.9 | Lynx_304 | Lynx | |
| including | 118.5 | 119.0 | 0.5 | 99.1 | |||
| WST-20-0260 | 8.8 | 10.9 | 2.1 | 10.1 | Lynx_310 | Lynx | |
| including | 8.8 | 9.4 | 0.6 | 26.9 | |||
| 51.0 | 53.0 | 2.0 | 6.29 | Lynx_304 | Lynx | ||
| including | 51.7 | 52.1 | 0.4 | 31.0 | |||
| WST-20-0261 | 55.0 | 57.0 | 2.0 | 8.28 | Lynx_304 | Lynx | |
| including | 55.7 | 56.2 | 0.5 | 32.9 | |||
| WST-20-0308 | 52.6 | 54.7 | 2.1 | 4.56 | Lynx_311 | Lynx | |
| including | 53.6 | 54.1 | 0.5 | 16.9 | |||
| 81.1 | 83.4 | 2.3 | 3.48 | Lynx_320 | Lynx | ||
| 95.0 | 98.3 | 3.3 | 4.09 | Lynx_319 | Lynx | ||
| WST-20-0316 | 58.7 | 61.1 | 2.4 | 19.7 | Lynx_311 | Lynx | |
| WST-20-0319 | 66.8 | 69.8 | 3.0 | 24.3 | 18.8 | Lynx_323 | Lynx |
| including | 69.4 | 69.8 | 0.4 | 141 | 100 | ||
| 77.6 | 80.0 | 2.4 | 3.95 | Lynx_308 | Lynx | ||
| 86.0 | 88.0 | 2.0 | 8.09 | Lynx_320 | Lynx | ||
| including | 86.0 | 86.5 | 0.5 | 31.4 | |||
| 94.5 | 97.1 | 2.6 | 22.6 | Lynx_304 | Lynx | ||
| including | 94.5 | 94.9 | 0.4 | 94.4 | |||
| WST-20-0321 | 50.2 | 53.0 | 2.8 | 4.32 | Lynx_303 | Lynx | |
| including | 50.2 | 51.0 | 0.8 | 15.1 | |||
| 65.4 | 67.8 | 2.4 | 3.55 | Lynx_323 | Lynx | ||
| WST-20-0323 | 68.5 | 70.5 | 2.0 | 104 | 35.9 | Lynx_323 | Lynx |
| including | 69.1 | 69.8 | 0.7 | 296 | 100 | ||
| WST-20-0367A | 110.0 | 112.0 | 2.0 | 4.31 | Lynx_323 | Lynx | |
| including | 110.0 | 110.6 | 0.6 | 14.3 | |||
| 126.7 | 128.8 | 2.1 | 4.97 | Lynx_359 | Lynx | ||
| including | 127.6 | 128.4 | 0.8 | 12.9 | |||
| WST-20-0377 | 125.1 | 127.2 | 2.1 | 4.56 | Lynx_304 | Lynx | |
| WST-20-0386 | 134.1 | 138.3 | 4.2 | 41.2 | 22.4 | Lynx_304 | Lynx |
| including | 138.0 | 138.3 | 0.3 | 363 | 100 | ||
| WST-20-0413 | 77.0 | 79.0 | 2.0 | 3.44 | Lynx_323 | Lynx | |
| 85.8 | 88.0 | 2.2 | 24.3 | Lynx_308 | Lynx | ||
| including | 85.8 | 86.9 | 1.1 | 48.3 | |||
| 99.5 | 101.7 | 2.2 | 18.9 | Lynx_304 | Lynx | ||
| including | 101.2 | 101.7 | 0.5 | 69.6 | |||
| WST-20-0414 | 59.7 | 62.0 | 2.3 | 4.43 | Lynx_311 | Lynx | |
| including | 61.1 | 61.4 | 0.3 | 24.9 | |||
| WST-20-0426 | 141.0 | 143.4 | 2.4 | 9.12 | Lynx_304 | Lynx | |
| including | 142.2 | 142.8 | 0.6 | 28.8 |
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-17-1000 | 142 | -50 | 786 | 453408 | 5435462 | 401 | 3800 |
| OSK-W-18-1639 | 142 | -53 | 1164 | 453266 | 5435397 | 405 | 3625 |
| OSK-W-18-1741-W1 | 144 | -48 | 1083 | 453328 | 5435466 | 406 | 3725 |
| OSK-W-19-1104-W4 | 142 | -50 | 933 | 453383 | 5435455 | 402 | 3775 |
| OSK-W-19-1193-W2 | 141 | -59 | 1095 | 453807 | 5435721 | 400 | 4275 |
| OSK-W-19-1731-W2 | 139 | -51 | 996 | 453383 | 5435518 | 409 | 3800 |
| OSK-W-19-2059-W1 | 131 | -52 | 1041 | 453446 | 5435477 | 400 | 3825 |
| OSK-W-19-2067-W4 | 123 | -53 | 1203 | 453241 | 5435697 | 416 | 3750 |
| OSK-W-19-2139-W2 | 115 | -52 | 1203 | 452980 | 5435549 | 420 | 3450 |
| OSK-W-19-2170 | 128 | -59 | 1203 | 453425 | 5435657 | 413 | 3900 |
| OSK-W-19-2197 | 121 | -48 | 1059 | 453087 | 5435527 | 418 | 3550 |
| OSK-W-20-1272-W6 | 127 | -60 | 1035 | 453246 | 5435535 | 412 | 3675 |
| OSK-W-20-1741-W2 | 144 | -48 | 972 | 453328 | 5435466 | 406 | 3725 |
| OSK-W-20-2059-W3 | 131 | -52 | 1029 | 453446 | 5435477 | 400 | 3825 |
| OSK-W-20-2217-W1 | 134 | -48 | 1044 | 452943 | 5435566 | 419 | 3425 |
| OSK-W-20-2217-W2 | 134 | -48 | 893 | 452943 | 5435566 | 419 | 3425 |
| OSK-W-20-2243-W1 | 122 | -54 | 960 | 453087 | 5435527 | 418 | 3550 |
| WST-19-0328 | 139 | 39 | 141 | 453217 | 5435115 | 225 | 3450 |
| WST-20-0260 | 169 | 34 | 87 | 453298 | 5435067 | 206 | 3500 |
| WST-20-0261 | 169 | 25 | 73 | 453298 | 5435066 | 205 | 3500 |
| WST-20-0308 | 172 | -13 | 160 | 453291 | 5435139 | 163 | 3525 |
| WST-20-0316 | 133 | -19 | 124 | 453292 | 5435139 | 163 | 3525 |
| WST-20-0319 | 134 | -3 | 118 | 453292 | 5435139 | 163 | 3525 |
| WST-20-0321 | 127 | -22 | 133 | 453292 | 5435139 | 163 | 3525 |
| WST-20-0323 | 115 | 6 | 151 | 453292 | 5435140 | 163 | 3525 |
| WST-20-0367A | 163 | -34 | 166 | 453450 | 5435264 | 115 | 3725 |
| WST-20-0377 | 161 | -42 | 175 | 453493 | 5435286 | 116 | 3775 |
| WST-20-0386 | 163 | -47 | 178 | 453493 | 5435286 | 116 | 3775 |
| WST-20-0413 | 119 | -21 | 139 | 453292 | 5435140 | 163 | 3525 |
| WST-20-0414 | 136 | -14 | 121 | 453292 | 5435139 | 163 | 3525 |
| WST-20-0426 | 142 | -47 | 172 | 453493 | 5435287 | 116 | 3775 |
Lynx Zone
Mineralization in the Lynx zone is typically characterized by trace to 15% disseminated, clustered or stringer pyrite (locally up to 70%), local visible gold, trace to 3% sphalerite, chalcopyrite, and galena, local ptygmatic pyrite-tourmaline or tourmaline veinlets, quartz-carbonate veins (locally crustiform), smoky quartz veins and veinlets, and local chlorite-calcite or quartz-carbonate chlorite fracture filling. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic or fragmental intrusions with rhyolites, andesites (locally bleached), or gabbros.
Triple Lynx Zone
Mineralization in the Triple Lynx zone is typically characterized by trace to 30% disseminated, clustered or stringer pyrite, local visible gold, trace sphalerite, chalcopyrite, and galena, local quartz-tourmaline veins (up to 20%), local ptygmatic tourmaline veins, and local smoky quartz and quartz-carbonate veins. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic dikes with rhyolites (locally bleached) or gabbros.
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. All NQ core assays reported 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, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (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 an Aqua Regia-ICP-AES 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 Eeyou Istchee James Bay, Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 19, 2020 and supported by the technical report entitled “An updated mineral resource estimate for the Windfall Lake Project, Located in the Abitibi Greenstone Belt, Urban Township, Eeyou Istchee James Bay, Québec, Canada” and dated April 3, 2020 (with an effective date of January 3, 2020), and assuming a cut-off grade of 3.5 g/t, comprises 4,127,000 tonnes at 9.1 g/t Au (1,206,000 ounces) in the indicated mineral resource category and 14,532,000 tonnes at 8.40 g/t Au (3,938,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 19,2020 news release are further described in the full technical report prepared by Micon International Limited (“Micon”) and BBA Inc (“BBA”), in accordance with NI 43-101 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 deposit is well defined from surface to a depth of 1,200 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 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; the prospects, if any, of the Windfall gold deposit; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the projected capital expenditures of mining activities at the Windfall gold deposit; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the deposit remaining open along strike to the northeast and at depth; significant high-grade zones (Lynx 4, Triple Lynx) remaining open down plunge; the plunge potential of the Lynx and Underdog zones; 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 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
President & Chief Executive Officer
Telephone (416) 363-8653
OSISKO MINING – NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TORONTO, April 24, 2020 – Osisko Mining Inc. (“Osisko” or the “Corporation”) (TSX: OSK) is pleased to announce that it has filed and commenced mailing of the notice of meeting and management information circular in connection with its annual meeting of shareholders (“the Meeting”) to be held on May 29, 2020 at 10:00 a.m. (Toronto time), at the offices of 155 University Avenue, Suite 1440, Toronto, Ontario, Canada, M5H 3B7.
In view of the current health risks associated with large public gatherings, due to COVID-19, shareholders are asked to not attend the meeting in person, particularly if they are experiencing any of the described COVID-19 symptoms of fever, cough or difficulty breathing. Instead, shareholders will have an equal opportunity regardless of their geographic location to participate in the Meeting by dialing in to our conference line at 1-855-342-6455 (North America Toll Free) or 1-416-933-3853 (Outside North America), followed by the Conference ID 2526184. Participants should dial in 5-10 minutes prior to the scheduled start time of the meeting.
Additionally, shareholders are encouraged to vote in advance via electronic means prior to the Meeting. To ensure votes are received in a timely manner, shareholders may vote via the internet, by telephone or by facsimile according to the instructions found on the voting form mailed to them.
The Board of Directors Recommends a Vote FOR All Proposed Resolutions.
The proxy deadline to submit votes is on May 27, 2020 at 10:00 a.m. (Toronto time).
The Circular and other relevant materials are available on the Corporation’s website at www.osiskomining.com, or on SEDAR at www.sedar.com under the Corporation’s issuer profile.
Shareholder Questions:
Shareholders who have any questions or require assistance with voting may contact
Osisko’s Proxy Solicitation Agent:
Laurel Hill Advisory Group
Toll Free: 1‐877‐452‐7184
International: +1 416‐304‐0211 outside Canada and the US
By Email: assistance@laurelhill.com
About Osisko Mining
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).
OSISKO INFILL DRILLING RETURNS MORE HIGH GRADE VALUES IN LYNX
Including 153 g/t Au over 3.4 Metres
(Toronto, April 14, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new infill drilling results from the definition drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Operations remain temporarily suspended in respect of the Government of Québec’s closure of all non-essential business in effort to contain COVID-19. Osisko is ready to resume drilling activities at Windfall once the temporary suspension is lifted. Drilling will remain focused on the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized system. Additional results from pre-shut down drilling will continue to be released as they become available in the coming weeks. These analytical results are from laboratories outside Québec that have continued sample processing operations.
Significant new analytical results from Lynx and Triple Lynx are presented below, including 62 intercepts in 27 drill holes and 8 wedges.
Selected high-grade intercepts include: 153 g/t Au over 3.4 metres in WST-19-0234; 108 g/t Au over 2.2 metres in WST-20-0372; 99.2 g/t Au over 2.0 metres in WST-20-0286; 91.3 g/t Au over 2.0 metres in OSK-W-20-2139-W6 and 51.6 g/t Au over 2.8 metres in OSK-W-20-2100-W6. Maps showing hole locations and full analytical results are available at www.osiskomining.com.
| Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
| OSK-W-18-1639 | 875.0 | 877.0 | 2.0 | 23.7 | Lynx_350 | Lynx | |
| including | 875.0 | 876.0 | 1.0 | 45.3 | |||
| OSK-W-20-1072-W5 | 867.1 | 869.1 | 2.0 | 54.1 | 18.0 | Lynx_330 | Lynx |
| including | 868.8 | 869.1 | 0.3 | 341 | 100 | ||
| 884.0 | 886.0 | 2.0 | 30.8 | Lynx_340 | Lynx | ||
| including | 884.0 | 885.0 | 1.0 | 56.5 | |||
| 1079.5 | 1081.5 | 2.0 | 3.17 | Lynx 4 | Lynx | ||
| including | 1080.4 | 1080.7 | 0.3 | 19.4 | |||
| OSK-W-20-1272-W6 | 789.2 | 792.0 | 2.8 | 8.13 | Lynx_371 | Lynx | |
| including | 790.1 | 790.8 | 0.7 | 22.2 | |||
| 797.0 | 799.1 | 2.1 | 7.56 | Lynx_371 | Lynx | ||
| 804.0 | 806.0 | 2.0 | 4.66 | Lynx_361 | Lynx | ||
| 809.6 | 812.0 | 2.4 | 5.94 | Lynx_361 | Lynx | ||
| 818.1 | 821.0 | 2.9 | 4.82 | Lynx_361 | Lynx | ||
| 823.0 | 825.0 | 2.0 | 3.28 | Lynx_361 | Lynx | ||
| 831.9 | 835.4 | 3.5 | 5.94 | Lynx_361 | Lynx | ||
| including | 835.0 | 835.4 | 0.4 | 28.0 | |||
| 853.0 | 856.0 | 3.0 | 4.36 | Lynx_368 | Lynx | ||
| 859.0 | 861.0 | 2.0 | 3.67 | Lynx_368 | Lynx | ||
| 901.0 | 903.0 | 2.0 | 18.3 | Lynx_364 | Lynx | ||
| including | 902.0 | 903.0 | 1.0 | 34.6 | |||
| OSK-W-20-1731-W6 | 542.4 | 545.0 | 2.6 | 39.3 | 35.9 | Lynx_310 | Lynx |
| including | 543.0 | 543.9 | 0.9 | 110 | 100 | ||
| 577.4 | 580.2 | 2.8 | 11.5 | Lynx_305 | Lynx | ||
| including | 577.4 | 577.7 | 0.3 | 59.9 | |||
| 1000.5 | 1003.0 | 2.5 | 4.90 | Lynx_327 | Lynx | ||
| OSK-W-20-2100-W6 | 927.5 | 930.3 | 2.8 | 51.6 | 34.3 | Lynx_361 | Lynx |
| including | 928.9 | 929.2 | 0.3 | 262 | 100 | ||
| OSK-W-20-2100-W9 | 931.0 | 933.0 | 2.0 | 4.38 | Lynx_361 | Lynx | |
| OSK-W-20-2123-W4 | 1112.0 | 1114.0 | 2.0 | 3.13 | Lynx_368 | Lynx | |
| 1168.0 | 1173.0 | 5.0 | 8.48 | Lynx_364 | Lynx | ||
| 1184.0 | 1186.5 | 2.5 | 7.70 | Lynx_370 | Lynx | ||
| OSK-W-20-2139-W6 | 874.8 | 876.8 | 2.0 | 91.3 | 45.7 | Lynx_361 | Lynx |
| including | 876.0 | 876.4 | 0.4 | 328 | 100 | ||
| OSK-W-20-2202-W2 | 969.6 | 972.0 | 2.4 | 14.2 | 13.3 | Lynx_363 | Lynx |
| including | 970.1 | 970.4 | 0.3 | 107 | 100 | ||
| OSK-W-20-2243 | 789.6 | 792.0 | 2.4 | 19.4 | 18.4 | Lynx_361 | Lynx |
| including | 790.2 | 790.5 | 0.3 | 108 | 100 | ||
| 795.0 | 797.0 | 2.0 | 7.13 | Lynx_361 | Lynx | ||
| 800.1 | 802.4 | 2.3 | 5.01 | Lynx_361 | Triple Lynx | ||
| WST-19-0234 | 69.2 | 72.6 | 3.4 | 153 | 17.8 | Lynx_311 | Lynx |
| Including | 69.2 | 69.5 | 0.3 | 1630 | 100 | ||
| WST-19-0239 | 66.6 | 69.1 | 2.5 | 9.88 | Lynx_311 | Lynx | |
| including | 68.5 | 69.1 | 0.6 | 37.9 | |||
| WST-19-0240 | 74.4 | 77.0 | 2.6 | 9.52 | Lynx_308 | Lynx | |
| including | 74.4 | 74.8 | 0.4 | 56.2 | |||
| WST-20-0283 | 65.6 | 68.0 | 2.4 | 6.95 | Lynx_311 | Lynx | |
| including | 66.3 | 66.8 | 0.5 | 24.8 | |||
| WST-20-0285 | 113.9 | 116.0 | 2.1 | 3.93 | Lynx_320 | Lynx | |
| including | 114.8 | 115.3 | 0.5 | 15.3 | |||
| 118.0 | 120.0 | 2.0 | 3.35 | Lynx_319 | Lynx | ||
| including | 118.6 | 119.2 | 0.6 | 10.9 | |||
| WST-20-0286 | 54.3 | 56.3 | 2.0 | 99.2 | 55.1 | Lynx_311 | Lynx |
| including | 55.7 | 56.3 | 0.6 | 247 | 100 | ||
| WST-20-0294 | 67.9 | 70.0 | 2.1 | 19.7 | Lynx_311 | Lynx | |
| including | 67.9 | 68.8 | 0.9 | 45.5 | |||
| WST-20-0295 | 63.6 | 65.6 | 2.0 | 27.0 | 21.0 | Lynx_311 | Lynx |
| including | 64.9 | 65.3 | 0.4 | 130 | 100 | ||
| WST-20-0302 | 74.0 | 76.2 | 2.2 | 5.09 | Lynx_311 | Lynx | |
| including | 75.6 | 76.2 | 0.6 | 17.7 | |||
| WST-20-0322 | 68.8 | 71.0 | 2.2 | 24.6 | 13.8 | Lynx_323 | Lynx |
| including | 68.8 | 69.1 | 0.3 | 179 | 100 | ||
| 129.5 | 131.5 | 2.0 | 12.3 | Lynx_306 | Lynx | ||
| including | 130.6 | 131.5 | 0.9 | 26.0 | |||
| WST-20-0337 | 68.0 | 70.1 | 2.1 | 6.21 | Lynx_323 | Lynx | |
| including | 69.4 | 70.1 | 0.7 | 12.6 | |||
| 90.0 | 92.5 | 2.5 | 6.10 | Lynx_304 | Lynx | ||
| including | 90.0 | 90.3 | 0.3 | 38.7 | |||
| WST-20-0340 | 78.5 | 80.6 | 2.1 | 8.07 | Lynx_323 | Lynx | |
| including | 78.5 | 79.2 | 0.7 | 23.9 | |||
| 87.7 | 89.7 | 2.0 | 69.2 | 62.2 | Lynx_304 | Lynx | |
| including | 88.3 | 89.1 | 0.8 | 118 | 100 | ||
| 111.0 | 113.0 | 2.0 | 4.40 | Lynx_359 | Lynx | ||
| WST-20-0359 | 107.0 | 109.3 | 2.3 | 3.04 | Lynx_304 | Lynx | |
| WST-20-0362 | 119.0 | 121.0 | 2.0 | 3.45 | Lynx_359 | Lynx | |
| WST-20-0363 | 68.9 | 71.0 | 2.1 | 4.49 | Lynx_311 | Lynx | |
| 115.5 | 118.0 | 2.5 | 3.16 | Lynx_304 | Lynx | ||
| including | 116.3 | 116.7 | 0.4 | 17.9 | |||
| 122.0 | 124.5 | 2.5 | 16.3 | Lynx_359 | Lynx | ||
| including | 123.0 | 123.8 | 0.8 | 50.2 | |||
| WST-20-0364 | 110.0 | 112.0 | 2.0 | 7.37 | Lynx_304 | Lynx | |
| including | 111.3 | 111.6 | 0.3 | 17.9 | |||
| WST-20-0365 | 120.7 | 123.0 | 2.3 | 3.44 | Lynx_359 | Lynx | |
| including | 122.7 | 123.0 | 0.3 | 14.6 | |||
| WST-20-0371 | 136.8 | 138.9 | 2.1 | 13.7 | Lynx_304 | Lynx | |
| including | 138.3 | 138.9 | 0.6 | 43.9 | |||
| WST-20-0372 | 126.5 | 128.5 | 2.0 | 5.67 | Lynx_304 | Lynx | |
| including | 127.7 | 128.0 | 0.3 | 31.4 | |||
| 130.0 | 132.7 | 2.7 | 23.2 | 17.5 | Lynx_304 | Lynx | |
| including | 132.3 | 132.7 | 0.4 | 139 | 100 | ||
| 205.6 | 207.8 | 2.2 | 108 | 31.7 | Lynx_322 | Lynx | |
| including | 206.6 | 207.2 | 0.6 | 378 | 100 | ||
| WST-20-0378 | 146.0 | 148.3 | 2.3 | 20.6 | Lynx_304 | Lynx | |
| including | 147.0 | 147.7 | 0.7 | 45.9 | |||
| 200.0 | 202.2 | 2.2 | 18.6 | Lynx_322 | Lynx | ||
| including | 200.5 | 200.9 | 0.4 | 95.3 | |||
| WST-20-0379A | 132.0 | 134.4 | 2.4 | 4.54 | Lynx_304 | Lynx | |
| including | 133.5 | 133.9 | 0.4 | 18.8 | |||
| WST-20-0381 | 54.1 | 56.4 | 2.3 | 38.1 | 35.2 | Lynx_311 | Lynx |
| including | 54.1 | 54.9 | 0.8 | 109 | 100 | ||
| WST-20-0382 | 52.1 | 54.4 | 2.3 | 6.08 | Lynx_309 | Lynx | |
| WST-20-0383 | 50.0 | 52.0 | 2.0 | 3.03 | Lynx_309 | Lynx | |
| including | 50.4 | 51.3 | 0.9 | 6.69 | |||
| WST-20-0390 | 111.0 | 113.8 | 2.8 | 22.9 | 18.2 | Lynx_304 | Lynx |
| including | 112.1 | 112.6 | 0.5 | 127 | 100 |
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-18-1639 | 142 | -53 | 1164 | 453266 | 5435397 | 405 | 3625 |
| OSK-W-20-1072-W5 | 145 | -57 | 1262 | 453612 | 5435532 | 399 | 4000 |
| OSK-W-20-1272-W6 | 127 | -60 | 1035 | 453246 | 5435535 | 412 | 3675 |
| OSK-W-20-1731-W6 | 139 | -51 | 1068 | 453383 | 5435518 | 409 | 3800 |
| OSK-W-20-2100-W6 | 122 | -47 | 1260 | 453093 | 5435726 | 419 | 3650 |
| OSK-W-20-2100-W9 | 122 | -47 | 1074 | 453093 | 5435726 | 419 | 3650 |
| OSK-W-20-2123-W4 | 126 | -57 | 1236 | 453231 | 5435774 | 400 | 3775 |
| OSK-W-20-2139-W6 | 115 | -52 | 1089 | 452980 | 5435549 | 420 | 3450 |
| OSK-W-20-2202-W2 | 127 | -54 | 1146 | 452999 | 5435606 | 424 | 3500 |
| OSK-W-20-2243 | 122 | -54 | 815 | 453087 | 5435527 | 418 | 3550 |
| WST-19-0234 | 150 | 17 | 157 | 453216 | 5435114 | 224 | 3450 |
| WST-19-0239 | 173 | 1 | 91 | 453215 | 5435114 | 223 | 3450 |
| WST-19-0240 | 135 | -3 | 178 | 453217 | 5435115 | 223 | 3450 |
| WST-20-0283 | 165 | 25 | 214 | 453228 | 5435126 | 137 | 3475 |
| WST-20-0285 | 161 | 25 | 211 | 453228 | 5435126 | 137 | 3475 |
| WST-20-0286 | 153 | 16 | 85 | 453228 | 5435126 | 136 | 3475 |
| WST-20-0294 | 131 | 13 | 96 | 453228 | 5435126 | 135 | 3475 |
| WST-20-0295 | 131 | -7 | 166 | 453229 | 5435127 | 135 | 3475 |
| WST-20-0302 | 112 | -30 | 120 | 453229 | 5435126 | 135 | 3475 |
| WST-20-0322 | 125 | 6 | 154 | 453292 | 5435140 | 163 | 3525 |
| WST-20-0337 | 145 | -6 | 203 | 453411 | 5435230 | 114 | 3675 |
| WST-20-0340 | 147 | -26 | 135 | 453410 | 5435229 | 114 | 3675 |
| WST-20-0359 | 151 | -17 | 145 | 453450 | 5435264 | 115 | 3725 |
| WST-20-0362 | 156 | -14 | 148 | 453450 | 5435264 | 115 | 3725 |
| WST-20-0363 | 157 | -30 | 154 | 453450 | 5435264 | 115 | 3725 |
| WST-20-0364 | 157 | -25 | 282 | 453450 | 5435264 | 115 | 3725 |
| WST-20-0365 | 158 | -8 | 142 | 453450 | 5435264 | 116 | 3725 |
| WST-20-0371 | 145 | -47 | 163 | 453493 | 5435287 | 116 | 3775 |
| WST-20-0372 | 148 | -42 | 451 | 453493 | 5435287 | 116 | 3775 |
| WST-20-0378 | 144 | -50 | 253 | 453493 | 5435287 | 116 | 3775 |
| WST-20-0379A | 143 | -41 | 277 | 453493 | 5435287 | 116 | 3775 |
| WST-20-0381 | 145 | 9 | 82 | 453228 | 5435126 | 136 | 3475 |
| WST-20-0382 | 147 | -3 | 158 | 453228 | 5435126 | 135 | 3475 |
| WST-20-0383 | 155 | -17 | 92 | 453227 | 5435125 | 135 | 3475 |
| WST-20-0390 | 158 | -35 | 175 | 453450 | 5435264 | 115 | 3725 |
Lynx Zone
Mineralization in the Lynx zone is typically characterized by trace to 15% disseminated, clustered or stringer pyrite (locally up to 70%), local visible gold, trace to 3% sphalerite, chalcopyrite, and galena, local ptygmatic pyrite-tourmaline or tourmaline veinlets, quartz-carbonate veins (locally crustiform), smoky quartz veins and veinlets, and local chlorite-calcite or quartz-carbonate chlorite fracture filling. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic or fragmental intrusions with rhyolites, andesites (locally bleached), or gabbros.
Triple Lynx Zone
Mineralization in the Triple Lynx zone is typically characterized by trace to 30% disseminated, clustered or stringer pyrite, local visible gold, trace sphalerite, chalcopyrite, and galena, local quartz-tourmaline veins (up to 20%), local ptygmatic tourmaline veins, and local smoky quartz and quartz-carbonate veins. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic dikes with rhyolites (locally bleached) or gabbros.
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. All NQ core assays reported 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, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (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 an Aqua Regia-ICP-AES 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 Eeyou Istchee James Bay, Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 19, 2020, and assuming a cut-off grade of 3.5 g/t, comprises 4,127,000 tonnes at 9.1 g/t Au (1,206,000 ounces) in the indicated mineral resource category and 14,532,000 tonnes at 8.40 g/t Au (3,938,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 19,2020 news release are further described in the full technical report in accordance with NI 43-101, 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 deposit is well defined from surface to a depth of 1,200 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 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; the prospects, if any, of the Windfall gold deposit; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the projected capital expenditures of mining activities at the Windfall gold deposit; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the deposit remaining open along strike to the northeast and at depth; significant high-grade zones (Lynx 4, Triple Lynx) remaining open down plunge; the plunge potential of the Lynx and Underdog zones; 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 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
President & Chief Executive Officer
Telephone (416) 363-8653
OSISKO EXPANSION DRILLING INTERSECTS HIGH GRADE AT WINDFALL
143 g/t Au Over 2.0 Metres in Lynx Extension
35 g/t Au Over 5.3 Metres in Triple Lynx
(Toronto, April 7, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new infill drilling results from the definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
Operations are temporarily suspended in respect of the Government of Québec’s closure of all non-essential business in effort to contain COVID-19. Osisko is ready to resume drilling activities at Windfall once the temporary suspension is lifted. Drilling will remain focused on the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized system.
Significant new analytical results are presented below and include 35 intercepts in 7 drill holes, 8 wedges and one extension of a previous drilled hole. All intercepts reported below are located outside the February 2020 mineral resource estimate wireframes (see Osisko news release dated February 19, 2020) and represent expansion of known mineralized zones.
Selected high-grade intercepts include: 143 g/t Au over 2.0 metres and 64.4 g/t Au over 2.2 metres in OSK-W-19-2197-W1; 35.0 g/t Au over 5.3 metres in OSK-W-20-2123-W4; 39.8 g/t Au over 2.3 metres in OSK-W-20-2139-W6; and 37.3 g/t Au over 2.4 metres in WST-20-0339. Maps showing hole locations and full analytical results are available at www.osiskomining.com.
| Hole No. | From (m) | To (m) | Interval (m) | Au (g/t) uncut | Au (g/t) cut to 100 g/t | Zone | Corridor |
| OSK-W-17-1258 | 1014.3 | 1023.1 | 8.8 | 9.72 | Lynx 4 | Lynx | |
| including | 1020.3 | 1021.3 | 1.0 | 49.6 | |||
| 1030.8 | 1033.1 | 2.3 | 5.68 | Lynx 4 | Lynx | ||
| including | 1031.4 | 1031.9 | 0.5 | 25.8 | |||
| OSK-W-19-2123-W3 | 1002.0 | 1004.8 | 2.8 | 3.23 | Triple Lynx | Lynx | |
| 1147.0 | 1149.4 | 2.4 | 4.30 | Lynx_363 | Lynx | ||
| including | 1149.0 | 1149.4 | 0.4 | 13.9 | |||
| OSK-W-19-2197-W1 | 1047.8 | 1050.0 | 2.2 | 64.4 | 20.4 | Lynx_374 | Lynx |
| including | 1048.6 | 1048.9 | 0.3 | 423 | 100 | ||
| 1062.0 | 1064.0 | 2.0 | 143 | 45.4 | Lynx_374 | Lynx | |
| including | 1062.5 | 1063.4 | 0.9 | 317 | 100 | ||
| OSK-W-19-2217 | 781.9 | 784.0 | 2.1 | 16.8 | Triple Lynx | Triple Lynx | |
| including | 782.6 | 783.0 | 0.4 | 78.9 | |||
| 791.6 | 793.6 | 2.0 | 3.11 | Triple Lynx | Triple Lynx | ||
| 905.5 | 908.0 | 2.5 | 8.61 | Triple Lynx | Triple Lynx | ||
| including | 905.5 | 906.5 | 1.0 | 17.4 | |||
| 961.2 | 966.3 | 5.1 | 13.4 | Triple Lynx | Triple Lynx | ||
| including | 963.7 | 964.2 | 0.5 | 98.4 | |||
| OSK-W-20-1072-W4 | 966.6 | 968.8 | 2.2 | 29.3 | Lynx 4 | Lynx 4 | |
| 1010.0 | 1012.0 | 2.0 | 11.5 | Lynx 4 | Lynx 4 | ||
| including | 1011.0 | 1012.0 | 1.0 | 20.6 | |||
| OSK-W-20-1272-W6 | 842.0 | 848.0 | 6.0 | 12.7 | Triple Lynx | Triple Lynx | |
| 990.0 | 992.0 | 2.0 | 4.33 | Lynx_370 | Lynx | ||
| 997.8 | 1000.0 | 2.2 | 8.60 | Triple Lynx | Triple Lynx | ||
| including | 999.0 | 999.5 | 0.5 | 28.1 | |||
| OSK-W-20-1731-W6 | 593.0 | 595.4 | 2.4 | 6.78 | Lynx | Lynx | |
| including | 593.5 | 593.8 | 0.3 | 21.3 | |||
| OSK-W-20-2100-W9 | 949.0 | 954.4 | 5.4 | 4.57 | Triple Lynx | Triple Lynx | |
| OSK-W-20-2123-W4 | 1086.0 | 1088.0 | 2.0 | 4.00 | Lynx 361 | Lynx | |
| 1096.0 | 1098.0 | 2.0 | 12.6 | Triple Lynx | Triple Lynx | ||
| 1128.0 | 1130.3 | 2.3 | 5.31 | Triple Lynx | Triple Lynx | ||
| 1177.2 | 1182.5 | 5.3 | 35.0 | 33.6 | Triple Lynx | Lynx | |
| including | 1177.5 | 1178.0 | 0.5 | 116 | 100 | ||
| 1198.0 | 1200.0 | 2.0 | 8.07 | Triple Lynx | Triple Lynx | ||
| OSK-W-20-2139-W6 | 902.0 | 904.3 | 2.3 | 39.8 | 16.6 | Triple Lynx | Triple Lynx |
| including | 902.4 | 902.7 | 0.3 | 278 | 100 | ||
| 912.3 | 914.3 | 2.0 | 5.64 | Triple Lynx | Triple Lynx | ||
| including | 913.6 | 913.9 | 0.3 | 34.5 | |||
| OSK-W-20-2243 | 789.6 | 792.0 | 2.4 | 19.4 | 18.4 | Lynx_361 | Lynx |
| including | 790.2 | 790.5 | 0.3 | 108 | 100 | ||
| 800.1 | 802.4 | 2.3 | 5.01 | Triple Lynx | Triple Lynx | ||
| WST-20-0337 | 102.5 | 104.6 | 2.1 | 4.69 | Lynx | Lynx | |
| including | 104.3 | 104.6 | 0.3 | 27.7 | |||
| WST-20-0339 | 55.0 | 57.5 | 2.5 | 5.43 | Lynx | Lynx | |
| 93.0 | 95.4 | 2.4 | 37.3 | 32.3 | Lynx_304 | Lynx | |
| including | 93.5 | 94.1 | 0.6 | 120 | 100 | ||
| 182.0 | 184.7 | 2.7 | 4.49 | Lynx _321 | Lynx | ||
| 191.2 | 194.3 | 3.1 | 5.35 | Lynx _321 | Lynx | ||
| WST-20-0340 | 62.0 | 64.5 | 2.5 | 6.79 | Lynx | Lynx | |
| including | 64.0 | 64.5 | 0.5 | 31.5 | |||
| WST-20-0365 | 90.4 | 93.0 | 2.6 | 9.78 | Lynx | Lynx | |
| including | 92.2 | 92.6 | 0.4 | 50.8 | |||
| WST-20-0372 | 189.2 | 191.5 | 2.3 | 7.73 | Lynx HW | Lynx | |
| including | 190.9 | 191.5 | 0.6 | 26.1 | |||
| 431.7 | 434.0 | 2.3 | 21.6 | Lynx 4 | Lynx 4 | ||
| including | 433.2 | 434.0 | 0.8 | 61.4 |
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-17-1258 | 126 | -51 | 1128 | 452972 | 5435211 | 416 | 3275 |
| OSK-W-19-2123-W3 | 126 | -57 | 1284 | 453231 | 5435774 | 400 | 3775 |
| OSK-W-19-2197-W1 | 121 | -48 | 1104 | 453087 | 5435527 | 418 | 3550 |
| OSK-W-19-2217 | 134 | -48 | 1172 | 452943 | 5435566 | 419 | 3425 |
| OSK-W-20-1072-W4 | 145 | -57 | 1092 | 453612 | 5435532 | 399 | 4000 |
| OSK-W-20-1272-W6 | 127 | -60 | 1035 | 453246 | 5435535 | 412 | 3675 |
| OSK-W-20-1731-W6 | 139 | -51 | 1068 | 453383 | 5435518 | 409 | 3800 |
| OSK-W-20-2100-W9 | 122 | -47 | 1074 | 453093 | 5435726 | 419 | 3650 |
| OSK-W-20-2123-W4 | 126 | -57 | 1236 | 453231 | 5435774 | 400 | 3775 |
| OSK-W-20-2139-W6 | 115 | -52 | 1089 | 452980 | 5435549 | 420 | 3450 |
| OSK-W-20-2243 | 122 | -54 | 815 | 453087 | 5435527 | 418 | 3550 |
| WST-20-0337 | 145 | -6 | 203 | 453411 | 5435230 | 114 | 3675 |
| WST-20-0339 | 146 | -18 | 295 | 453410 | 5435229 | 114 | 3675 |
| WST-20-0340 | 147 | -26 | 135 | 453410 | 5435229 | 114 | 3675 |
| WST-20-0365 | 158 | -8 | 142 | 453450 | 5435264 | 116 | 3725 |
| WST-20-0372 | 148 | -42 | 451 | 453493 | 5435287 | 116 | 3775 |
Lynx Zone
Mineralization in the Lynx zone is typically characterized by trace to 15% disseminated, clustered or stringer pyrite (locally up to 70%), local visible gold, trace to 3% sphalerite, chalcopyrite, and galena, local ptygmatic pyrite-tourmaline or tourmaline veinlets, quartz-carbonate veins (locally crustiform), smoky quartz veins and veinlets, and local chlorite-calcite or quartz-carbonate chlorite fracture filling. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic or fragmental intrusions with rhyolites, andesites (locally bleached), or gabbros.
Triple Lynx Zone
Mineralization in the Triple Lynx zone is typically characterized by trace to 30% disseminated, clustered or stringer pyrite, local visible gold, trace sphalerite, chalcopyrite, and galena, local quartz-tourmaline veins (up to 20%), local ptygmatic tourmaline veins, and local smoky quartz and quartz-carbonate veins. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic dikes with rhyolites (locally bleached) or gabbros.
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. All NQ core assays reported 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, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (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 an Aqua Regia-ICP-AES 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 Eeyou Istchee James Bay, Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 19, 2020, and assuming a cut-off grade of 3.5 g/t, comprises 4,127,000 tonnes at 9.1 g/t Au (1,206,000 ounces) in the indicated mineral resource category and 14,532,000 tonnes at 8.40 g/t Au (3,938,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 19,2020 news release are further described in the full technical report in accordance with NI 43-101, 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 deposit is well defined from surface to a depth of 1,200 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 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; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the projected capital expenditures of mining activities at the Windfall gold deposit; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the deposit remaining open along strike to the northeast and at depth; significant high-grade zones (Lynx 4, Triple Lynx) remaining open down plunge; the plunge potential of the Lynx and Underdog zones; 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 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
President & Chief Executive Officer
Telephone (416) 363-8653
OSISKO FILES TECHNICAL REPORT FOR UPDATED WINDFALL MINERAL RESOURCE ESTIMATE
(Toronto, April 3, 2020) 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 “An updated mineral resource estimate for the Windfall Lake Project, Located in the Abitibi Greenstone Belt, Urban Township, Eeyou Istchee James Bay, Québec, Canada” and dated April 3, 2020 (effective date of January 3, 2020) has been prepared for Osisko by Micon International Limited and 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 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 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
President & Chief Executive Officer
Telephone (416) 363-8653
OSISKO INFILL DRILLING CONTINUES TO INTERSECT HIGH GRADE
415 g/t Au over 2.0 Metres
149 g/t Au Over 5.6 Metres
(Toronto, March 31, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new infill drilling results from the definition and expansion drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
The current program is focused on the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized system. Prior to the government mandated temporary shutdown related to the Covid-19 crisis, fifteen surface drills and four underground rigs on the exploration ramp were active at Lynx and Triple Lynx. Significant new analytical results from the infill program are presented below and include from 90 intercepts in 34 drill holes, 12 wedges, and 5 extensions of previous drill holes.
Selected high-grade intercepts from new results include: 149 g/t Au over 5.6 metres in OSK-W-20-2170-W2; 415 g/t Au over 2.0 metres and 85.7 g/t Au over 2.0 metres in OSK-W-20-2100-W7; 337 g/t Au over 2.0 metres and 243 g/t Au over 2.0 metres in WST-20-0295; 21.9 g/t Au over 18.1 metres and 36.9 g/t Au over 9.7 metres in OSK-W-19-1272-W4; 79.1 g/t Au over 2.2 metres and 61.2 g/t Au over 2.3 metres in OSK-W-20-1731-W5; 21.2 g/t Au over 6.0 metres in OSK-W-18-1739. 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-17-1121 | 701.4 | 703.6 | 2.2 | 5.77 | Lynx_367 | Lynx | |
| OSK-W-17-1346 | 620.1 | 626.2 | 6.1 | 3.44 | Lynx_365 | Lynx | |
| OSK-W-18-1733 | 1102.0 | 1104.5 | 2.5 | 7.59 | Lynx_338 | Lynx | |
| including | 1103.3 | 1103.7 | 0.4 | 29.2 | |||
| OSK-W-18-1738 | 696.4 | 699.0 | 2.6 | 3.95 | Lynx_367 | Lynx | |
| including | 696.4 | 696.8 | 0.4 | 14.7 | |||
| 706.0 | 708.3 | 2.3 | 3.21 | Lynx_367 | Lynx | ||
| 710.0 | 712.3 | 2.3 | 18.3 | Lynx_367 | Lynx | ||
| including | 710.4 | 711.3 | 0.9 | 44.7 | |||
| OSK-W-18-1739 | 703.0 | 709.0 | 6.0 | 21.2 | Lynx_331 | Triple Lynx | |
| including | 707.0 | 708.0 | 1.0 | 95.1 | |||
| 722.0 | 726.0 | 4.0 | 5.41 | Lynx_331 | Lynx | ||
| including | 725.0 | 726.0 | 1.0 | 16.1 | |||
| 737.0 | 739.0 | 2.0 | 13.0 | Lynx_331 | Lynx | ||
| including | 737.9 | 738.2 | 0.3 | 81.1 | |||
| OSK-W-19-1166-W6 | 938.2 | 941.1 | 2.9 | 7.35 | Lynx_330 | Lynx | |
| including | 940.2 | 940.6 | 0.4 | 50.6 | |||
| 960.5 | 962.9 | 2.4 | 49.4 | 28.9 | Lynx_330 | Lynx | |
| including | 961.5 | 962.1 | 0.6 | 182 | 100 | ||
| OSK-W-19-1181-W12 | 1137.0 | 1139.0 | 2.0 | 3.15 | Lynx_330 | Lynx | |
| OSK-W-19-1272-W4 | 763.5 | 772.0 | 8.5 | 8.56 | Lynx_371 | Lynx | |
| including | 763.5 | 764.0 | 0.5 | 48.8 | |||
| 774.5 | 792.6 | 18.1 | 21.9 | 15.4 | Lynx_361 | Lynx | |
| including | 780.0 | 780.4 | 0.4 | 392 | 100 | ||
| and | 786.1 | 786.6 | 0.5 | 55.6 | |||
| and | 791.2 | 792.1 | 0.9 | 47.9 | |||
| 839.9 | 849.6 | 9.7 | 36.9 | 26.4 | Lynx_363 | Lynx | |
| including | 841.0 | 841.8 | 0.8 | 227 | 100 | ||
| and | 848.0 | 849.0 | 1.0 | 61.0 | |||
| 884.0 | 886.6 | 2.6 | 12.0 | Lynx_364 | Lynx | ||
| including | 884.9 | 885.4 | 0.5 | 37.1 | |||
| OSK-W-19-1731-W4 | 878.0 | 880.0 | 2.0 | 3.16 | Lynx_313 | Lynx | |
| OSK-W-19-1897 | 848.0 | 851.0 | 3.0 | 4.37 | Underdog_4100 | Underdog | |
| 860.0 | 862.3 | 2.3 | 19.0 | Underdog_4100 | Underdog | ||
| including | 860.8 | 861.8 | 1.0 | 42.8 | |||
| 892.0 | 894.0 | 2.0 | 6.96 | Underdog_4102 | Underdog | ||
| 983.3 | 985.6 | 2.3 | 6.35 | Underdog_4511 | Underdog | ||
| including | 985.1 | 985.6 | 0.5 | 17.8 | |||
| OSK-W-19-1903 | 205.6 | 208.0 | 2.4 | 3.35 | Caribou_2506 | Caribou | |
| including | 205.6 | 206.4 | 0.8 | 10.0 | |||
| OSK-W-19-1995 | 424.1 | 427.3 | 3.2 | 4.19 | Caribou_2534 | Caribou | |
| OSK-W-19-2059 | 863.8 | 866.7 | 2.9 | 7.07 | Lynx_327 | Lynx | |
| including | 865.4 | 865.7 | 0.3 | 43.0 | |||
| OSK-W-19-2067-W2 | 1155.0 | 1157.0 | 2.0 | 4.49 | Lynx_374 | Triple Lynx | |
| OSK-W-19-2077 | 797.0 | 799.0 | 2.0 | 4.35 | Lynx_364 | Triple Lynx | |
| OSK-W-19-2119 | 129.3 | 132.1 | 2.8 | 8.26 | F11_6000 | F-11 | |
| 157.0 | 161.1 | 4.1 | 12.6 | F11_6001 | F-11 | ||
| including | 157.0 | 158.0 | 1.0 | 37.3 | |||
| OSK-W-19-2139 | 887.9 | 890.0 | 2.1 | 3.81 | Lynx_361 | Triple Lynx | |
| including | 887.9 | 888.3 | 0.4 | 14.4 | |||
| OSK-W-20-1072-W4 | 868.4 | 871.9 | 3.5 | 9.90 | Lynx_330 | Lynx | |
| including | 868.4 | 869.0 | 0.6 | 37.1 | |||
| 928.0 | 930.2 | 2.2 | 11.7 | Lynx_340 | Lynx | ||
| including | 928.0 | 928.3 | 0.3 | 32.9 | |||
| OSK-W-20-1731-W5 | 547.5 | 549.7 | 2.2 | 79.1 | 15.4 | Lynx_304 | Lynx |
| including | 549.4 | 549.7 | 0.3 | 567 | 100 | ||
| 915.0 | 917.2 | 2.2 | 15.8 | Lynx_329 | Lynx | ||
| including | 916.4 | 917.2 | 0.8 | 32.2 | |||
| 923.0 | 925.3 | 2.3 | 61.2 | 13.4 | Lynx_329 | Lynx | |
| including | 923.8 | 924.1 | 0.3 | 466 | 100 | ||
| OSK-W-20-1733-W1 | 979.0 | 981.0 | 2.0 | 18.6 | Lynx_329 | Lynx | |
| including | 979.9 | 980.2 | 0.3 | 64.0 | |||
| OSK-W-20-2100-W7 | 923.0 | 925.0 | 2.0 | 85.7 | 55.7 | Lynx_361 | Lynx |
| including | 923.6 | 924.0 | 0.4 | 186 | 100 | ||
| and | 924.3 | 925.0 | 0.7 | 137 | 100 | ||
| 933.0 | 935.0 | 2.0 | 415 | 16.1 | Lynx_361 | Lynx | |
| including | 934.0 | 934.3 | 0.3 | 2760 | 100 | ||
| 946.0 | 948.0 | 2.0 | 3.81 | Lynx_361 | Lynx | ||
| 959.0 | 962.0 | 3.0 | 6.58 | Lynx_361 | Lynx | ||
| 967.0 | 969.0 | 2.0 | 4.79 | Lynx_363 | Lynx | ||
| including | 967.7 | 968.0 | 0.3 | 26.0 | |||
| 979.0 | 981.6 | 2.6 | 7.05 | Lynx_364 | Lynx | ||
| including | 981.0 | 981.6 | 0.6 | 20.8 | |||
| OSK-W-20-2139-W5 | 891.1 | 894.6 | 3.5 | 4.93 | Lynx_361 | Lynx | |
| including | 891.1 | 891.5 | 0.4 | 27.7 | |||
| 941.7 | 947.0 | 5.3 | 3.60 | Lynx_364 | Lynx | ||
| including | 941.7 | 943.0 | 1.3 | 7.91 | |||
| 1113.4 | 1115.9 | 2.5 | 3.12 | Lynx_374 | Triple Lynx | ||
| including | 1114.4 | 1114.8 | 0.4 | 18.7 | |||
| OSK-W-20-2170-W2 | 971.0 | 976.6 | 5.6 | 149 | 39.3 | Lynx_363 | Lynx |
| including | 974.8 | 976.6 | 1.8 | 439 | 100 | ||
| 1116.0 | 1118.0 | 2.0 | 13.8 | Lynx_370 | Triple Lynx | ||
| including | 1116.9 | 1117.2 | 0.3 | 80.8 | |||
| OSK-W-20-2202-W2 | 930.7 | 934.4 | 3.7 | 11.8 | Lynx_361 | Lynx | |
| including | 932.9 | 933.4 | 0.5 | 27.2 | |||
| and | 934.1 | 934.4 | 0.3 | 50.2 | |||
| 949.0 | 951.0 | 2.0 | 15.4 | Lynx_363 | Lynx | ||
| including | 950.0 | 950.3 | 0.3 | 81.1 | |||
| 954.4 | 960.5 | 6.1 | 7.49 | Lynx_363 | Lynx | ||
| including | 954.4 | 954.7 | 0.3 | 54.4 | |||
| OSK-W-20-2237 | 133.0 | 135.3 | 2.3 | 3.80 | Lynx_311 | Lynx | |
| including | 133.0 | 133.5 | 0.5 | 14.8 | |||
| OSK-W-20-2244 | 64.6 | 66.8 | 2.2 | 3.89 | Lynx_304 | Lynx | |
| 108.7 | 111.0 | 2.3 | 21.5 | 20.1 | Lynx_311 | Lynx | |
| including | 109.5 | 109.9 | 0.4 | 108 | 100 | ||
| OSK-W-20-2245 | 77.3 | 79.4 | 2.1 | 7.31 | Lynx_304 | Lynx | |
| including | 77.3 | 77.9 | 0.6 | 25.2 | |||
| OSK-W-20-2246 | 62.0 | 64.0 | 2.0 | 10.7 | Lynx_311 | Lynx | |
| including | 62.3 | 62.9 | 0.6 | 35.5 | |||
| OSK-W-20-2248 | 55.9 | 58.0 | 2.1 | 8.14 | Lynx_311 | Lynx | |
| including | 56.3 | 56.6 | 0.3 | 56.7 | |||
| WST-19-0187 | 124.2 | 126.4 | 2.2 | 3.83 | Z27_1115 | Zone 27 | |
| including | 125.8 | 126.1 | 0.3 | 18.1 | |||
| WST-19-0234 | 119.0 | 121.0 | 2.0 | 10.8 | Lynx_304 | Lynx | |
| including | 120.7 | 121.0 | 0.3 | 67.4 | |||
| WST-19-0235 | 69.6 | 71.6 | 2.0 | 25.4 | 23.5 | Lynx_308 | Lynx |
| including | 70.3 | 70.6 | 0.3 | 113 | 100 | ||
| 101.0 | 103.6 | 2.6 | 6.58 | Lynx_320 | Lynx | ||
| including | 103.2 | 103.6 | 0.4 | 42.6 | |||
| 118.8 | 121.1 | 2.3 | 7.89 | Lynx_304 | Lynx | ||
| including | 120.6 | 121.1 | 0.5 | 30.3 | |||
| WST-20-0282 | 48.0 | 50.0 | 2.0 | 7.53 | Lynx_311 | Lynx | |
| WST-20-0290 | 103.0 | 105.1 | 2.1 | 7.92 | Lynx_320 | Lynx | |
| including | 103.0 | 103.8 | 0.8 | 19.9 | |||
| WST-20-0295 | 134.0 | 136.0 | 2.0 | 243 | 20.6 | Lynx_304 | Lynx |
| including | 134.5 | 134.9 | 0.4 | 1210 | 100 | ||
| 142.0 | 144.0 | 2.0 | 337 | 17.9 | Lynx_304 | Lynx | |
| including | 142.4 | 142.7 | 0.3 | 2230 | 100 | ||
| WST-20-0298 | 63.2 | 65.4 | 2.2 | 3.94 | Lynx_311 | Lynx | |
| including | 65.0 | 65.4 | 0.4 | 21.0 | |||
| 135.7 | 137.8 | 2.1 | 21.8 | Lynx_320 | Lynx | ||
| including | 136.7 | 137.5 | 0.8 | 56.9 | |||
| WST-20-0331 | 85.0 | 87.8 | 2.8 | 8.41 | Lynx_304 | Lynx | |
| including | 87.0 | 87.8 | 0.8 | 24.8 | |||
| WST-20-0333 | 94.0 | 96.1 | 2.1 | 4.33 | Lynx_304 | Lynx | |
| including | 95.6 | 96.1 | 0.5 | 17.9 | |||
| WST-20-0334 | 60.0 | 62.0 | 2.0 | 4.53 | Lynx_325 | Lynx | |
| 94.7 | 97.3 | 2.6 | 56.9 | 53.6 | Lynx_304 | Lynx | |
| including | 96.0 | 97.3 | 1.3 | 107 | 100 | ||
| WST-20-0335 | 51.0 | 53.5 | 2.5 | 4.47 | Lynx_303 | Lynx | |
| 117.3 | 119.5 | 2.2 | 5.16 | Lynx_359 | Lynx | ||
| including | 118.0 | 118.7 | 0.7 | 16.0 | |||
| WST-20-0336 | 50.4 | 56.0 | 5.6 | 3.97 | Lynx_311 | Lynx | |
| including | 50.4 | 51.4 | 1.0 | 8.12 | |||
| and | 55.0 | 56.0 | 1.0 | 11.0 | |||
| 103.0 | 105.0 | 2.0 | 50.2 | 43.6 | Lynx_323 | Lynx | |
| including | 103.4 | 104.4 | 1.0 | 98.7 | 85.4 | ||
| 121.9 | 124.0 | 2.1 | 21.7 | Lynx_304 | Lynx | ||
| including | 122.4 | 122.9 | 0.5 | 74.2 | |||
| WST-20-0338 | 74.5 | 76.7 | 2.2 | 4.23 | Lynx_323 | Lynx | |
| including | 74.5 | 75.3 | 0.8 | 9.99 | |||
| 85.5 | 87.9 | 2.4 | 3.42 | Lynx_304 | Lynx | ||
| WST-20-0355 | 110.6 | 112.7 | 2.1 | 4.58 | Lynx_304 | Lynx | |
| including | 110.6 | 111.2 | 0.6 | 12.8 | |||
| WST-20-0356 | 111.5 | 113.7 | 2.2 | 5.08 | Lynx_304 | Lynx | |
| WST-20-0357 | 114.6 | 117.2 | 2.6 | 5.26 | Lynx_323 | Lynx | |
| including | 114.6 | 115.1 | 0.5 | 10.9 | |||
| WST-20-0358 | 118.5 | 120.7 | 2.2 | 8.65 | Lynx_323 | Lynx | |
| including | 118.5 | 119.5 | 1.0 | 16.8 | |||
| 127.5 | 130.0 | 2.5 | 38.2 | 17.4 | Lynx_304 | Lynx | |
| including | 128.7 | 129.1 | 0.4 | 230 | 100 | ||
| WST-20-0360 | 108.0 | 110.0 | 2.0 | 18.7 | Lynx_304 | Lynx | |
| including | 108.6 | 108.9 | 0.3 | 86.6 | |||
| 126.2 | 128.4 | 2.2 | 10.9 | Lynx_359 | Lynx | ||
| including | 126.5 | 126.8 | 0.3 | 51.5 | |||
| 129.6 | 131.7 | 2.1 | 5.11 | Lynx_359 | Lynx | ||
| WST-20-0361 | 113.0 | 115.2 | 2.2 | 4.02 | Lynx_304 | Lynx | |
| 125.4 | 127.8 | 2.4 | 25.5 | 12.5 | Lynx_359 | Lynx | |
| including | 125.4 | 125.7 | 0.3 | 204 | 100 | ||
| WST-20-0373 | 131.1 | 133.2 | 2.1 | 11.7 | Lynx_304 | Lynx | |
| including | 132.8 | 133.2 | 0.4 | 40.2 | |||
| WST-20-0374 | 135.3 | 139.4 | 4.1 | 17.5 | Lynx_304 | Lynx | |
| including | 135.3 | 136.0 | 0.7 | 71.3 | |||
| and | 138.5 | 138.8 | 0.3 | 52.9 | |||
| WST-20-0387 | 151.8 | 153.8 | 2.0 | 6.27 | Lynx_304 | Lynx | |
| including | 151.8 | 152.2 | 0.4 | 30.9 |
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-17-1121 | 335 | -64 | 783 | 453436 | 5434959 | 396 | 3575 |
| OSK-W-17-1346 | 334 | -64 | 858 | 453467 | 5435069 | 397 | 3650 |
| OSK-W-18-1733 | 138 | -51 | 1140 | 453329 | 5435466 | 406 | 3725 |
| OSK-W-18-1738 | 329 | -69 | 815 | 453460 | 5434986 | 396 | 3600 |
| OSK-W-18-1739 | 125 | -55 | 813 | 453133 | 5435354 | 416 | 3500 |
| OSK-W-19-1166-W6 | 132 | -59 | 1137 | 453621 | 5435638 | 405 | 4050 |
| OSK-W-19-1181-W12 | 133 | -58 | 1371 | 453789 | 5435790 | 401 | 4275 |
| OSK-W-19-1272-W4 | 127 | -60 | 1070 | 453246 | 5435535 | 412 | 3675 |
| OSK-W-19-1731-W4 | 139 | -51 | 975 | 453383 | 5435518 | 409 | 3800 |
| OSK-W-19-1897 | 331 | -57 | 1125 | 452535 | 5434405 | 403 | 2500 |
| OSK-W-19-1903 | 330 | -60 | 564 | 452470 | 5434382 | 400 | 2450 |
| OSK-W-19-1995 | 336 | -59 | 564 | 452818 | 5434775 | 397 | 2950 |
| OSK-W-19-2059 | 131 | -52 | 993 | 453446 | 5435477 | 400 | 3825 |
| OSK-W-19-2067-W2 | 123 | -53 | 1159 | 453241 | 5435697 | 416 | 3750 |
| OSK-W-19-2077 | 127 | -57 | 1123 | 453147 | 5435489 | 418 | 3575 |
| OSK-W-19-2119 | 148 | -45 | 282 | 452546 | 5436001 | 405 | 3300 |
| OSK-W-19-2139 | 115 | -52 | 1149 | 452980 | 5435549 | 420 | 3450 |
| OSK-W-20-1072-W4 | 145 | -57 | 1092 | 453612 | 5435532 | 399 | 4000 |
| OSK-W-20-1731-W5 | 139 | -51 | 1028 | 453383 | 5435518 | 409 | 3800 |
| OSK-W-20-1733-W1 | 138 | -51 | 1206 | 453329 | 5435466 | 406 | 3725 |
| OSK-W-20-2100-W7 | 122 | -47 | 1122 | 453093 | 5435726 | 419 | 3650 |
| OSK-W-20-2139-W5 | 115 | -52 | 1146 | 452980 | 5435549 | 420 | 3450 |
| OSK-W-20-2170-W2 | 128 | -59 | 1188 | 453425 | 5435657 | 413 | 3900 |
| OSK-W-20-2202-W2 | 127 | -54 | 1146 | 452999 | 5435606 | 424 | 3500 |
| OSK-W-20-2237 | 337 | -49 | 207 | 453267 | 5434960 | 398 | 3425 |
| OSK-W-20-2244 | 330 | -52 | 165 | 453235 | 5434970 | 398 | 3400 |
| OSK-W-20-2245 | 321 | -49 | 153 | 453235 | 5434970 | 398 | 3400 |
| OSK-W-20-2246 | 329 | -52 | 111 | 453236 | 5435001 | 399 | 3425 |
| OSK-W-20-2248 | 328 | -52 | 123 | 453215 | 5435006 | 398 | 3400 |
| WST-19-0187 | 320 | 6 | 139 | 452118 | 5434606 | 187 | 2250 |
| WST-19-0234 | 150 | 17 | 157 | 453216 | 5435114 | 224 | 3450 |
| WST-19-0235 | 150 | 9 | 159 | 453216 | 5435114 | 224 | 3450 |
| WST-20-0282 | 173 | -16 | 82 | 453228 | 5435126 | 135 | 3475 |
| WST-20-0290 | 140 | 2 | 223 | 453229 | 5435127 | 136 | 3475 |
| WST-20-0295 | 131 | -7 | 166 | 453229 | 5435127 | 136 | 3475 |
| WST-20-0298 | 130 | -36 | 184 | 453229 | 5435127 | 135 | 3475 |
| WST-20-0331 | 137 | -1 | 133 | 453411 | 5435230 | 114 | 3675 |
| WST-20-0333 | 140 | -24 | 136 | 453411 | 5435230 | 114 | 3675 |
| WST-20-0334 | 140 | -36 | 141 | 453411 | 5435230 | 113 | 3675 |
| WST-20-0335 | 141 | -42 | 142 | 453411 | 5435230 | 113 | 3675 |
| WST-20-0336 | 134 | -44 | 148 | 453411 | 5435230 | 113 | 3675 |
| WST-20-0338 | 146 | -12 | 112 | 453410 | 5435229 | 114 | 3675 |
| WST-20-0355 | 145 | -24 | 247 | 453450 | 5435265 | 116 | 3725 |
| WST-20-0356 | 147 | -14 | 142 | 453450 | 5435265 | 116 | 3725 |
| WST-20-0357 | 143 | -40 | 163 | 453450 | 5435265 | 115 | 3725 |
| WST-20-0358 | 146 | -43 | 168 | 453450 | 5435265 | 115 | 3725 |
| WST-20-0360 | 151 | -23 | 254 | 453450 | 5435265 | 116 | 3725 |
| WST-20-0361 | 152 | -28 | 295 | 453450 | 5435265 | 115 | 3725 |
| WST-20-0373 | 155 | -41 | 168 | 453493 | 5435287 | 116 | 3775 |
| WST-20-0374 | 152 | -45 | 175 | 453494 | 5435287 | 116 | 3775 |
| WST-20-0387 | 152 | -52 | 208 | 453494 | 5435287 | 116 | 3775 |
Lynx Zone
Mineralization in the Lynx zone is typically characterized by trace to 15% disseminated, clustered or stringer pyrite (locally up to 70%), local visible gold, trace to 3% sphalerite, chalcopyrite, and galena, local ptygmatic pyrite-tourmaline or tourmaline veinlets, quartz-carbonate veins (locally crustiform), smoky quartz veins and veinlets, and local chlorite-calcite or quartz-carbonate chlorite fracture filling. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic or fragmental intrusions with rhyolites, andesites (locally bleached), or gabbros.
Triple Lynx Zone
Mineralization in the Triple Lynx zone is typically characterized by trace to 30% disseminated, clustered or stringer pyrite, local visible gold, trace sphalerite, chalcopyrite, and galena, local quartz-tourmaline veins (up to 20%), local ptygmatic tourmaline veins, and local smoky quartz and quartz-carbonate veins. Alteration consists of weak to strong sericite, weak to strong silica with areas of local pervasive silica flooding, weak to moderate chlorite and carbonate, and locally weak to strong fuchsite. Mineralization is hosted in or at the contacts of felsic porphyritic dikes with rhyolites (locally bleached) or gabbros.
Zone 27
Mineralization in Zone 27 is typically characterized by 5% to 50% disseminated, stringer, semi-massive or stockwork pyrite, ptygmatic tourmaline veins, quartz-tourmaline crustiform veins, and local quartz-carbonate veins. Local visible gold is observed as small specks or clusters with quartz veins. Alteration consist of moderate to strong sericite, weak to strong silica, weak chlorite and carbonate and locally weak fuchsite. Mineralization is hosted in strongly altered andesites or in or at the contact of the rhyolite.
Caribou Zone
Mineralization in the Caribou zone is typically characterized by trace to 20% disseminated, clustered or stringer pyrite, trace chalcopyrite, sphalerite, and local quartz-tourmaline and quartz-carbonate veins. Local visible gold and electrum is observed in the quartz veins or has remobilization in fractures filling. Alteration consists of weak to strong sericite, weak to moderate silica, and moderate carbonate and chlorite. Mineralization is hosted in andesites or rhyolites frequently at or near the contact of felsic porphyritic dikes.
Underdog Zone
Mineralization in the Underdog zone is typically characterized by trace to 30% disseminated, clustered, or stringer pyrite, local visible gold, quart-tourmaline veins, ptygmatic tourmaline veins and local quartz-carbonate veins. Alteration consists of weak to strong silica or weak to strong sericite. Mineralization is hosted in or at the rheological contacts between felsic porphyritic intrusions with strong alteration.
F-Zone
Mineralization in the F-Zone is typically characterised by trace to 10% disseminated or clustered pyrite, and local visible gold in fracture filling and quartz-carbonate veins. Alteration consists of medium to strong carbonate, weak to moderate sericite, and weak silica. Mineralization is hosted in sheared andesites with carbonate replacement or quartz veining.
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. All NQ core assays reported 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, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Colombia, or (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 an Aqua Regia-ICP-AES 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 Eeyou Istchee James Bay, Québec, Canada. The mineral resource defined by Osisko, as disclosed in the news release dated February 19, 2020, and assuming a cut-off grade of 3.5 g/t, comprises 4,127,000 tonnes at 9.1 g/t Au (1,206,000 ounces) in the indicated mineral resource category and 14,532,000 tonnes at 8.40 g/t Au (3,938,000 ounces) in the inferred mineral resource category. The key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in the February 19,2020 news release, certain of which are described in that 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. 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 deposit is well defined from surface to a depth of 1,200 metres and remains open along strike and at depth. Mineralization has been identified 30 metres from surface in some areas and as deep as 2,000 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; the prospects, if any, of the Windfall gold deposit; timing and ability of Osisko to file a technical report for the mineral resource estimate; the timing and ability of Osisko, if at all, to publish a feasibility study for the Windfall gold deposit; the projected capital expenditures of mining activities at the Windfall gold deposit; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling at the Windfall gold deposit; the deposit remaining open along strike to the northeast and at depth; significant high-grade zones (Lynx 4, Triple Lynx) remaining open down plunge; the plunge potential of the Lynx and Underdog zones; 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 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
President & Chief Executive Officer
Telephone (416) 363-8653
OSISKO TEMPORARILY SUSPENDS OPERATIONS AT WINDFALL
In Accordance with Quebec Government Province-Wide Covid-19 Shutdown
(Toronto, March 23, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) announced today that in response to the order of the Government of Quebec to close all non-essential businesses until April 13, 2020, it has suspended operations at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.
To date, Osisko has had no suspected or confirmed cases of COVID-19, and has had a COVID-19 protocol in place since March 11 to protect its workforce. The health and safety of Osisko’s workforce, their families and the communities in which we operate remains the number one concern for Osisko. Osisko is committed to fully supporting safety measures for our workforce, families and communities. Osisko thanks our workforce, partners and all stakeholders for their understanding and support, and looks forward to resuming operations as soon as possible.
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 Lake 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 the 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. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the term of any Government order, or of the suspension of operations described therein; mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to 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”, “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 forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the terms and duration of any government orders suspending or limiting operations that are applicable to Osisko; the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses; 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 drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; 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.
For further information please contact:
John Burzynski
President and Chief Executive Officer
Telephone: (416) 363-8653
OSISKO MINING APPOINTS ANDRÉE ST-GERMAIN TO BOARD OF DIRECTORS
(Toronto, March 13, 2020) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation“) is pleased to announce the appointment of Ms. Andrée St-Germain to the board of directors of the Corporation.
Ms. St-Germain is an experienced mining executive with an extensive background in banking, mining finance and financial management. Andrée holds an MBA (Honours) from the Schulich School of Business (York University) in Toronto, and is currently the Chief Financial Officer and Corporate Secretary of Integra Resources Corp. Her previous work experience includes Chief Financial Officer of Golden Queen Mining Co. Ltd. and several years as an investment banker at Dundee Capital Markets. Andrée has formerly held board positions with Barkerville Gold Mines Ltd. and IDM Mining Ltd., and currently serves on the board of Ascot Resources Ltd. and the Association for Mineral Exploration (AME). In 2019 Ms. St-Germain received the Young Mining Professional Eira Thomas award.
John Burzynski, Osisko’s President and Chief Executive Officer commented: On behalf of the board and the Corporation, we are pleased to welcome Andrée to Osisko. Andrée brings a strong and diverse experience in mining, finance and banking that will compliment our existing board members.
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).
For further information please contact:
John Burzynski President and Chief Executive Officer Telephone: (416) 363-8653
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